Oil States International, Inc. (OIS) Receives $30.73 Consensus Target Price from Analysts

Shares of Oil States International, Inc. (NYSE:OIS) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $30.82.

Several equities research analysts recently issued reports on OIS shares. Loop Capital set a $31.00 price objective on Oil States International and gave the stock a “buy” rating in a report on Wednesday, November 1st. Scotiabank set a $41.00 price objective on Oil States International and gave the stock a “buy” rating in a report on Thursday, October 19th. Raymond James Financial reiterated a “buy” rating on shares of Oil States International in a report on Tuesday, December 12th. JPMorgan Chase & Co. set a $29.00 price objective on Oil States International and gave the stock a “buy” rating in a report on Thursday. Finally, Deutsche Bank started coverage on Oil States International in a report on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price objective on the stock.

Several institutional investors have recently modified their holdings of OIS. UBS Asset Management Americas Inc. lifted its holdings in Oil States International by 0.7% in the second quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock valued at $941,000 after acquiring an additional 238 shares during the last quarter. Arizona State Retirement System lifted its holdings in Oil States International by 1.9% in the second quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock valued at $592,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Oil States International by 12.9% in the second quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 957 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Oil States International by 20.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Oil States International by 4.3% in the second quarter. Mutual of America Capital Management LLC now owns 44,165 shares of the oil and gas company’s stock valued at $1,199,000 after acquiring an additional 1,804 shares during the last quarter.

Shares of Oil States International (NYSE OIS) traded down $0.30 during trading on Thursday, hitting $28.25. The company had a trading volume of 431,686 shares, compared to its average volume of 740,245. 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 1 year low of $20.23 and a 1 year high of $41.25. The stock has a market cap of $1,458.60, a price-to-earnings ratio of -24.78 and a beta of 1.69.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The business had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $166.94 million. The business’s revenue was down 8.4% on a year-over-year basis. sell-side analysts anticipate that Oil States International will post -1.1 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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