Oil States International Inc. (OIS) Shares Down 2.5%
Shares of Oil States International Inc. (NYSE:OIS) traded down 2.5% during mid-day trading on Friday . The stock traded as low as $30.91 and last traded at $30.91, with a volume of 264,485 shares trading hands. The stock had previously closed at $31.69.
Several analysts have recently issued reports on the stock. Deutsche Bank AG boosted their price target on shares of Oil States International from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, May 2nd. Royal Bank Of Canada reissued a “hold” rating on shares of Oil States International in a research report on Saturday, April 30th. Scotiabank raised shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $34.00 to $45.00 in a research report on Wednesday, June 22nd. Simmons boosted their price target on shares of Oil States International from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, June 22nd. Finally, Howard Weil raised shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $34.00 to $45.00 in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.63.
The firm’s market capitalization is $1.60 billion. The stock’s 50 day moving average price is $31.22 and its 200 day moving average price is $30.47.
Oil States International (NYSE:OIS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.05. The business earned $175.80 million during the quarter, compared to analysts’ expectations of $174.41 million. The business’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Equities analysts forecast that Oil States International Inc. will post ($0.95) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Oil States International stock. California Public Employees Retirement System boosted its position in Oil States International Inc. (NYSE:OIS) by 8.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 171,000 shares of the company’s stock after buying an additional 13,000 shares during the period. California Public Employees Retirement System owned 0.34% of Oil States International worth $4,660,000 at the end of the most recent quarter.
Oil States International, Inc, through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company’s segments include offshore products and well site services. It designs and manufactures a number of products for the offshore energy industry through Offshore Products segments.
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