BMO Capital Markets Trims Oil States International, Inc. (OIS) Target Price to $27.00

Oil States International, Inc. (NYSE:OIS) had its target price dropped by research analysts at BMO Capital Markets from $33.00 to $27.00 in a research note issued to investors on Friday, July 14th. The brokerage currently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 8.00% from the company’s previous close.

Several other research firms have also commented on OIS. BidaskClub upgraded shares of Oil States International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Cowen and Company reiterated a “hold” rating and issued a $30.00 price target on shares of Oil States International in a research report on Tuesday, July 11th. Wolfe Research lowered shares of Oil States International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $35.00 price target (down from $37.00) on shares of Oil States International in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 price target on shares of Oil States International in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.00.

Oil States International (NYSE:OIS) traded up 0.40% on Friday, reaching $25.00. 822,381 shares of the company’s stock were exchanged. Oil States International has a 12-month low of $23.35 and a 12-month high of $41.75. The firm has a 50 day moving average of $27.07 and a 200-day moving average of $31.74. The company’s market cap is $1.28 billion.

Oil States International (NYSE:OIS) last issued its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.03. The company had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) earnings per share. Equities analysts expect that Oil States International will post ($0.95) EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC increased its position in Oil States International by 17.5% in the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after buying an additional 612 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in Oil States International during the second quarter worth $159,000. OppenheimerFunds Inc. bought a new position in Oil States International during the first quarter worth $211,000. Finally, Advantus Capital Management Inc increased its position in Oil States International by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,577 shares of the oil and gas company’s stock worth $218,000 after buying an additional 192 shares in the last quarter.

About Oil States International

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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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