Analysts Set Oil States International (OIS) Price Target at $28.00

Shares of Oil States International (NYSE:OIS) have been assigned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Oil States International from a “c-” rating to a “d+” rating in a report on Thursday, March 15th. ValuEngine downgraded shares of Oil States International from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Evercore ISI downgraded shares of Oil States International to an “outperform” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase reaffirmed a “buy” rating and set a $28.00 price objective (down from $29.00) on shares of Oil States International in a report on Wednesday, February 21st.

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In other Oil States International news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $25.79, for a total value of $152,807,039.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.97% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OIS. Quantbot Technologies LP increased its position in shares of Oil States International by 193.8% during the third quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 3,513 shares during the period. Amalgamated Bank purchased a new position in shares of Oil States International during the fourth quarter valued at about $208,000. Leavell Investment Management Inc. purchased a new position in shares of Oil States International during the fourth quarter valued at about $226,000. Alps Advisors Inc. purchased a new position in shares of Oil States International during the fourth quarter valued at about $245,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Oil States International during the third quarter valued at about $282,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

NYSE:OIS traded down $0.55 during trading hours on Friday, hitting $27.50. The stock had a trading volume of 610,191 shares, compared to its average volume of 921,565. Oil States International has a one year low of $20.23 and a one year high of $34.72. The company has a market cap of $1,683.42, a price-to-earnings ratio of -25.94 and a beta of 1.75.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.05. Oil States International had a negative net margin of 12.65% and a negative return on equity of 4.57%. The firm had revenue of $183.70 million during the quarter, compared to the consensus estimate of $175.66 million. During the same period last year, the firm earned ($0.20) EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. sell-side analysts forecast that Oil States International will post -0.19 earnings per share for the current fiscal year.

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Oil States International Company Profile

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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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