Royal Bank Of Canada set a $30.00 price objective on Oil States International, Inc. (NYSE:OIS) in a report issued on Saturday, October 7th. The brokerage currently has a hold rating on the oil and gas company’s stock.
A number of other brokerages have also commented on OIS. BidaskClub raised Oil States International from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Wells Fargo & Company initiated coverage on Oil States International in a report on Friday, June 16th. They set an outperform rating and a $33.00 price objective for the company. Morgan Stanley lowered Oil States International from an overweight rating to an equal weight rating and decreased their price objective for the stock from $55.00 to $32.00 in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a hold rating on shares of Oil States International in a report on Thursday, June 22nd. Finally, Loop Capital reaffirmed a buy rating on shares of Oil States International in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $31.45.
Shares of Oil States International (NYSE OIS) opened at 24.75 on Friday. The stock’s 50 day moving average is $24.31 and its 200-day moving average is $27.06. Oil States International has a 52-week low of $20.90 and a 52-week high of $41.75. The firm’s market cap is $1.26 billion.
Oil States International (NYSE:OIS) last posted its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The firm had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. During the same period last year, the company posted ($0.22) earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts anticipate that Oil States International will post ($0.97) earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of OIS. Earnest Partners LLC purchased a new position in Oil States International in the second quarter valued at approximately $53,922,000. New York State Common Retirement Fund lifted its position in shares of Oil States International by 209.7% during the second quarter. New York State Common Retirement Fund now owns 678,765 shares of the oil and gas company’s stock worth $18,428,000 after acquiring an additional 459,598 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of Oil States International during the second quarter worth $6,944,000. Rice Hall James & Associates LLC purchased a new stake in shares of Oil States International during the second quarter worth $3,223,000. Finally, Nikko Asset Management Americas Inc. lifted its position in shares of Oil States International by 22.9% during the second quarter. Nikko Asset Management Americas Inc. now owns 387,400 shares of the oil and gas company’s stock worth $10,518,000 after acquiring an additional 72,100 shares in the last quarter.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.
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