Oil States International (NYSE:OIS) has been given a $29.00 target price by equities researchers at J P Morgan Chase & Co in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 6.23% from the stock’s current price.
A number of other brokerages have also recently issued reports on OIS. Loop Capital set a $33.00 target price on shares of Oil States International and gave the stock a “buy” rating in a report on Wednesday, December 13th. Raymond James Financial reissued a “buy” rating on shares of Oil States International in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BMO Capital Markets cut their target price on shares of Oil States International from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, November 9th. Finally, Cowen set a $18.00 target price on shares of Oil States International and gave the stock a “market perform” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Oil States International presently has an average rating of “Hold” and an average target price of $30.73.
Shares of Oil States International (NYSE:OIS) traded up $0.90 during mid-day trading on Thursday, hitting $27.30. 797,400 shares of the stock traded hands, compared to its average volume of 691,652. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. Oil States International has a twelve month low of $20.23 and a twelve month high of $41.25.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OIS. Earnest Partners LLC acquired a new position in shares of Oil States International during the second quarter valued at approximately $53,922,000. Rice Hall James & Associates LLC increased its stake in shares of Oil States International by 452.3% during the third quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after acquiring an additional 537,017 shares during the period. New York State Common Retirement Fund increased its stake 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 valued at $18,428,000 after acquiring an additional 459,598 shares during the period. Hancock Holding Co. acquired a new position in shares of Oil States International during the second quarter valued at approximately $6,944,000. Finally, Van ECK Associates Corp increased its stake in shares of Oil States International by 18.1% during the third quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after acquiring an additional 83,781 shares during the period.
TRADEMARK VIOLATION WARNING: “Oil States International (OIS) Given a $29.00 Price Target at J P Morgan Chase & Co” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/12/21/j-p-morgan-chase-co-boosts-oil-states-international-ois-price-target-to-29-00.html.
About Oil States International
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.
What are top analysts saying about Oil States International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oil States International and related companies.