Oil States International (NYSE:OIS)’s share price was up 1% during mid-day trading on Thursday . The stock traded as high as $30.28 and last traded at $30.55. Approximately 299,673 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 982,668 shares. The stock had previously closed at $30.25.
Several equities analysts have recently issued reports on OIS shares. JPMorgan Chase reiterated a “buy” rating and issued a $28.00 price objective (down previously from $29.00) on shares of Oil States International in a research note on Wednesday, February 21st. Loop Capital set a $33.00 price objective on Oil States International and gave the company a “buy” rating in a research note on Wednesday, December 13th. TheStreet upgraded Oil States International from a “d” rating to a “c-” rating in a research note on Wednesday, February 14th. Royal Bank of Canada set a $29.00 price objective on Oil States International and gave the company a “hold” rating in a research note on Thursday, December 21st. Finally, Piper Jaffray set a $22.00 target price on Oil States International and gave the stock a “hold” rating in a research note on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Oil States International has a consensus rating of “Hold” and a consensus target price of $28.50.
Oil States International (NYSE:OIS) last posted its earnings results on Wednesday, February 14th. The oil and gas company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.05. The firm had revenue of $183.70 million during the quarter, compared to analysts’ expectations of $175.66 million. Oil States International had a negative return on equity of 4.57% and a negative net margin of 12.65%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.20) earnings per share. equities analysts forecast that Oil States International will post -0.19 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in Oil States International during the fourth quarter worth approximately $208,000. Leavell Investment Management Inc. acquired a new position in Oil States International during the fourth quarter worth approximately $226,000. Alps Advisors Inc. acquired a new position in Oil States International during the fourth quarter worth approximately $245,000. Piedmont Investment Advisors LLC acquired a new position in Oil States International during the third quarter worth approximately $282,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Oil States International by 59.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 12,840 shares of the oil and gas company’s stock valued at $363,000 after purchasing an additional 4,800 shares during the period. 97.37% of the stock is currently owned by institutional investors.
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Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.
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