Oil States International, Inc. (NYSE:OIS) Receives Consensus Rating of “Hold” from Brokerages

Oil States International, Inc. (NYSE:OIS) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.43.

OIS has been the topic of several analyst reports. ValuEngine upgraded Oil States International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. G.Research reiterated a “buy” rating on shares of Oil States International in a report on Monday, October 28th. Raymond James cut their price target on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 30th. Wells Fargo & Co cut Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a report on Thursday, September 12th. Finally, Royal Bank of Canada cut their price target on Oil States International to $23.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th.

Several institutional investors have recently bought and sold shares of the business. Earnest Partners LLC boosted its holdings in shares of Oil States International by 0.7% during the 2nd quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock worth $38,058,000 after buying an additional 14,123 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Oil States International by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 961,883 shares of the oil and gas company’s stock worth $17,603,000 after buying an additional 84,471 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Oil States International by 1.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 581,157 shares of the oil and gas company’s stock worth $7,729,000 after buying an additional 11,012 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Oil States International by 25.0% during the 2nd quarter. Van ECK Associates Corp now owns 578,005 shares of the oil and gas company’s stock worth $10,577,000 after buying an additional 115,567 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Oil States International by 17.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock worth $4,903,000 after buying an additional 40,585 shares in the last quarter.

OIS stock traded up $0.35 during trading on Thursday, hitting $15.56. The company had a trading volume of 10,439 shares, compared to its average volume of 602,743. The business has a 50-day moving average of $14.19 and a 200-day moving average of $15.27. Oil States International has a one year low of $11.73 and a one year high of $23.42. The stock has a market cap of $917.83 million, a PE ratio of -129.20 and a beta of 2.29. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20.

Oil States International (NYSE:OIS) last announced its earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. The business had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $266.70 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts forecast that Oil States International will post -0.56 EPS for the current year.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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