Oil States International (OIS) Upgraded at Wells Fargo & Co

Oil States International (NYSE:OIS) was upgraded by research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report released on Friday, MarketBeat.com reports.

Several other equities research analysts have also commented on the stock. BMO Capital Markets decreased their price objective on shares of Oil States International from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, November 9th. JPMorgan Chase & Co. set a $29.00 price objective on shares of Oil States International and gave the company a “buy” rating in a research note on Thursday, December 21st. Deutsche Bank assumed coverage on shares of Oil States International in a research note on Tuesday, October 10th. They set a “hold” rating and a $26.00 price target for the company. Raymond James Financial restated a “buy” rating on shares of Oil States International in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada set a $28.00 price target on shares of Oil States International and gave the stock a “hold” rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Oil States International currently has a consensus rating of “Hold” and an average price target of $30.82.

Oil States International (NYSE:OIS) traded up $0.45 during trading hours on Friday, reaching $34.05. 1,129,000 shares of the company’s stock traded hands, compared to its average volume of 859,233. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.60 and a current ratio of 4.09. The stock has a market cap of $1,739.59, a price-to-earnings ratio of -29.87 and a beta of 1.68. Oil States International has a 52-week low of $20.23 and a 52-week high of $41.15.

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

Several hedge funds have recently modified their holdings of OIS. Earnest Partners LLC purchased a new stake in shares of Oil States International during the 2nd quarter worth approximately $53,922,000. Rice Hall James & Associates LLC increased its stake in shares of Oil States International by 452.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock worth $16,623,000 after purchasing an additional 537,017 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Oil States International by 209.7% during the 2nd 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 purchasing an additional 459,598 shares during the last quarter. Hancock Holding Co. bought a new position in Oil States International in the 2nd quarter worth approximately $6,944,000. Finally, Van ECK Associates Corp boosted its holdings in Oil States International by 18.1% in the 3rd quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock worth $13,843,000 after buying an additional 83,781 shares during the period.

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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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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