Several other brokerages also recently issued reports on OIS. Deutsche Bank assumed coverage on shares of Oil States International in a research report on Tuesday, October 10th. They set a hold rating and a $26.00 price objective for the company. Royal Bank of Canada set a $30.00 price objective on shares of Oil States International and gave the stock a hold rating in a research report on Saturday, October 7th. Cowen set a $24.00 price objective on shares of Oil States International and gave the stock a hold rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Oil States International from a sell rating to a hold rating in a research report on Wednesday, September 20th. Finally, BMO Capital Markets cut 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 report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $30.00.
Shares of Oil States International (OIS) traded up $0.10 during mid-day trading on Tuesday, reaching $23.40. 500,300 shares of the company’s stock traded hands, compared to its average volume of 677,435. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.09 and a quick ratio of 2.60. Oil States International has a 1 year low of $20.23 and a 1 year high of $41.25.
Oil States International (NYSE:OIS) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $166.94 million. Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The business’s revenue was down 8.4% compared to the same quarter last year. sell-side analysts anticipate that Oil States International will post -1.09 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Oil States International by 2.5% in the second quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock valued at $55,992,000 after buying an additional 50,820 shares in the last quarter. Earnest Partners LLC raised its position in shares of Oil States International by 1.2% in the third quarter. Earnest Partners LLC now owns 2,009,633 shares of the oil and gas company’s stock valued at $50,944,000 after buying an additional 23,545 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Oil States International by 4.9% in the second quarter. Thrivent Financial For Lutherans now owns 1,474,076 shares of the oil and gas company’s stock valued at $40,022,000 after buying an additional 68,650 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Oil States International by 0.4% in the third quarter. New York State Common Retirement Fund now owns 681,287 shares of the oil and gas company’s stock valued at $17,271,000 after buying an additional 2,522 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Oil States International by 452.3% in the third quarter. Rice Hall James & Associates LLC now owns 655,740 shares of the oil and gas company’s stock valued at $16,623,000 after acquiring an additional 537,017 shares during the last quarter.
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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.
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