Royal Bank Of Canada Analysts Give Oil States International, Inc. (OIS) a $30.00 Price Target

Royal Bank Of Canada set a $30.00 price objective on Oil States International, Inc. (NYSE:OIS) in a report issued on Saturday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.

A number of other brokerages have also weighed in on OIS. BidaskClub raised shares of Oil States International from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Cowen and Company set a $24.00 price target on shares of Oil States International and gave the company a hold rating in a research note on Friday. Zacks Investment Research raised shares of Oil States International from a sell rating to a hold rating in a research note on Wednesday, August 2nd. BMO Capital Markets reaffirmed a hold rating on shares of Oil States International in a research note on Thursday, June 22nd. Finally, Scotiabank set a $41.00 price target on shares of Oil States International and gave the company a buy rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Oil States International currently has an average rating of Hold and a consensus price target of $32.27.

Shares of Oil States International (NYSE OIS) opened at 25.35 on Friday. The company’s market capitalization is $1.30 billion. Oil States International has a 12-month low of $20.90 and a 12-month high of $41.75. The firm’s 50-day moving average price is $23.79 and its 200-day moving average price is $27.24.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.03). The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $176.08 million. Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.22) earnings per share. On average, analysts expect that Oil States International will post ($0.97) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/royal-bank-of-canada-analysts-give-oil-states-international-inc-ois-a-30-00-price-target.html.

Hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC raised its holdings in Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 2,394 shares during the last quarter. Winch Advisory Services LLC raised its holdings in Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 3,049 shares during the last quarter. Integrated

A number of other brokerages have also weighed in on OIS. BidaskClub raised shares of Oil States International from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Cowen and Company set a $24.00 price target on shares of Oil States International and gave the company a hold rating in a research note on Friday. Zacks Investment Research raised shares of Oil States International from a sell rating to a hold rating in a research note on Wednesday, August 2nd. BMO Capital Markets reaffirmed a hold rating on shares of Oil States International in a research note on Thursday, June 22nd. Finally, Scotiabank set a $41.00 price target on shares of Oil States International and gave the company a buy rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Oil States International currently has an average rating of Hold and a consensus price target of $32.27.

Shares of Oil States International (NYSE OIS) opened at 25.35 on Friday. The company’s market capitalization is $1.30 billion. Oil States International has a 12-month low of $20.90 and a 12-month high of $41.75. The firm’s 50-day moving average price is $23.79 and its 200-day moving average price is $27.24.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.03). The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $176.08 million. Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.22) earnings per share. On average, analysts expect that Oil States International will post ($0.97) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/royal-bank-of-canada-analysts-give-oil-states-international-inc-ois-a-30-00-price-target.html.

Hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC raised its holdings in Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after acquiring an additional 612 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after acquiring an additional 2,394 shares during the last quarter. Winch Advisory Services LLC raised its holdings in Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in Oil States International in the 2nd quarter valued at about $159,000. Finally, OppenheimerFunds Inc. acquired a new stake in Oil States International in the 1st quarter valued at about $211,000.

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)

Receive News & Ratings for Oil States International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply