Oil States International, Inc. (NYSE:OIS) Receives $12.60 Consensus Price Target from Analysts

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Shares of Oil States International, Inc. (NYSE:OIS) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.60.

Several analysts have recently weighed in on OIS shares. Morgan Stanley lifted their target price on Oil States International from $3.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Zacks Investment Research downgraded Oil States International from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Royal Bank of Canada reiterated a “neutral” rating on shares of Oil States International in a research report on Sunday, September 6th.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Oil States International by 45.5% during the second quarter. Public Employees Retirement System of Ohio now owns 16,335 shares of the oil and gas company’s stock valued at $78,000 after buying an additional 5,106 shares during the period. Marshall Wace LLP increased its stake in shares of Oil States International by 129.3% during the second quarter. Marshall Wace LLP now owns 169,475 shares of the oil and gas company’s stock valued at $804,000 after buying an additional 95,552 shares during the period. California Public Employees Retirement System increased its stake in shares of Oil States International by 3.1% during the second quarter. California Public Employees Retirement System now owns 137,320 shares of the oil and gas company’s stock valued at $652,000 after buying an additional 4,127 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Oil States International during the second quarter valued at $290,000. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Oil States International by 99.3% during the first quarter. Public Employees Retirement Association of Colorado now owns 18,468 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 9,203 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

OIS traded down $0.24 during trading on Wednesday, reaching $2.88. The company had a trading volume of 1,193,458 shares, compared to its average volume of 1,275,674. The stock has a market cap of $190.42 million, a P/E ratio of -0.29 and a beta of 3.41. The business has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $3.99. Oil States International has a 52 week low of $1.52 and a 52 week high of $17.81. The company has a quick ratio of 1.82, a current ratio of 3.11 and a debt-to-equity ratio of 0.29.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.14. Oil States International had a negative return on equity of 4.12% and a negative net margin of 73.40%. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $152.11 million. During the same period last year, the company earned ($0.14) earnings per share. Oil States International’s revenue was down 44.7% on a year-over-year basis. As a group, equities research analysts expect that Oil States International will post -1.06 EPS for the current fiscal year.

About Oil States International

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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