Oil States International Inc. (OIS) Trading Down 2.8%
Shares of Oil States International Inc. (NYSE:OIS) fell 2.8% during mid-day trading on Thursday . The stock traded as low as $30.06 and last traded at $30.14, with a volume of 350,003 shares trading hands. The stock had previously closed at $31.02.
Several brokerages recently issued reports on OIS. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $33.00 price objective on shares of Oil States International in a research note on Thursday, June 2nd. Morgan Stanley began coverage on shares of Oil States International in a research note on Wednesday, August 10th. They set an “equal weight” rating and a $40.00 price objective for the company. Evercore ISI raised shares of Oil States International from a “hold” rating to a “buy” rating and upped their price objective for the company from $25.00 to $37.00 in a research note on Wednesday, June 29th. Finally, Scotiabank raised shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $34.00 to $45.00 in a research note on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.06.
The stock has a 50 day moving average price of $31.35 and a 200-day moving average price of $31.18. The firm’s market cap is $1.58 billion.
Oil States International (NYSE:OIS) last announced its earnings results 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 had revenue of $175.80 million for the quarter, compared to analyst estimates of $174.41 million. The business’s revenue was down 34.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. Equities research analysts predict that Oil States International Inc. will post ($0.95) earnings per share for the current year.
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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