Zacks Investment Research upgraded shares of Oil States International (NYSE:OIS) from a hold rating to a buy rating in a research report report published on Tuesday. They currently have $37.00 price target on the oil and gas company’s stock.
According to Zacks, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services. “
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated a buy rating and set a $28.00 target price (down previously from $29.00) on shares of Oil States International in a research note on Wednesday, February 21st. TheStreet upgraded shares of Oil States International from a d+ rating to a c- rating in a research note on Monday, April 30th. Cowen set a $25.00 target price on shares of Oil States International and gave the company a hold rating in a research note on Friday, April 13th. ValuEngine upgraded shares of Oil States International from a sell rating to a hold rating in a research note on Friday, April 27th. Finally, SunTrust Banks set a $32.00 price target on shares of Oil States International and gave the stock a hold rating in a research note on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Oil States International currently has an average rating of Hold and a consensus price target of $30.83.
Oil States International opened at $32.95 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.66 and a current ratio of 4.21. Oil States International has a fifty-two week low of $20.23 and a fifty-two week high of $38.95. The firm has a market cap of $1.97 billion, a P/E ratio of -30.85, a PEG ratio of 7.13 and a beta of 1.65.
Oil States International (NYSE:OIS) last released its earnings results on Wednesday, April 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.14. Oil States International had a negative net margin of 9.14% and a negative return on equity of 3.01%. The company had revenue of $253.58 million for the quarter, compared to analysts’ expectations of $229.95 million. During the same quarter in the previous year, the company earned ($0.34) EPS. Oil States International’s revenue for the quarter was up 67.4% on a year-over-year basis. equities analysts expect that Oil States International will post 0.24 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Oil States International by 11.3% during the 1st quarter. BlackRock Inc. now owns 7,630,892 shares of the oil and gas company’s stock valued at $199,930,000 after buying an additional 777,021 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oil States International by 10.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,745,579 shares of the oil and gas company’s stock valued at $124,334,000 after buying an additional 439,297 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Oil States International by 0.4% during the 1st quarter. Franklin Resources Inc. now owns 3,017,029 shares of the oil and gas company’s stock valued at $79,046,000 after buying an additional 10,821 shares in the last quarter. Earnest Partners LLC raised its position in shares of Oil States International by 2.4% during the 1st quarter. Earnest Partners LLC now owns 2,076,100 shares of the oil and gas company’s stock valued at $54,394,000 after buying an additional 48,569 shares in the last quarter. Finally, Channing Capital Management LLC raised its position in shares of Oil States International by 11.7% during the 4th quarter. Channing Capital Management LLC now owns 1,812,777 shares of the oil and gas company’s stock valued at $51,313,000 after buying an additional 189,535 shares in the last quarter.
About Oil States International
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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