Oil States International (NYSE:OIS) had its price target lifted by equities researchers at Wells Fargo & Co from $15.00 to $16.00 in a research report issued to clients and investors on Thursday, January 9th, AnalystRatings.com reports. The brokerage presently has an “equal weight” rating on the oil and gas company’s stock. Wells Fargo & Co‘s target price points to a potential upside of 4.03% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Scotiabank downgraded Oil States International from a “sector perform” rating to a “sector underperform” rating and set a $13.00 price objective on the stock. in a research report on Monday, January 6th. Morgan Stanley reduced their target price on Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. cut Oil States International from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $14.00 to $12.00 in a report on Friday, December 13th. G.Research reissued a “buy” rating on shares of Oil States International in a research note on Monday, October 28th. Finally, ValuEngine cut Oil States International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.70.
NYSE OIS traded up $0.15 during trading on Thursday, reaching $15.38. The company’s stock had a trading volume of 119,071 shares, compared to its average volume of 434,810. Oil States International has a one year low of $11.73 and a one year high of $21.27. The stock has a market capitalization of $921.42 million, a PE ratio of -128.17 and a beta of 2.36. The firm has a fifty day moving average of $16.44 and a 200 day moving average of $14.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.48 and a quick ratio of 1.42.
In other Oil States International news, Director Kleef William T. Van sold 7,383 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $17.44, for a total value of $128,759.52. Following the completion of the transaction, the director now owns 38,326 shares of the company’s stock, valued at approximately $668,405.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lias Jeff Steen sold 15,000 shares of Oil States International stock in a transaction on Friday, December 13th. The stock was sold at an average price of $16.62, for a total transaction of $249,300.00. Following the sale, the vice president now directly owns 245,608 shares of the company’s stock, valued at $4,082,004.96. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in Oil States International by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,310 shares of the oil and gas company’s stock valued at $152,000 after acquiring an additional 777 shares during the last quarter. Neuburgh Advisers LLC increased its stake in Oil States International by 20.8% in the second quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 1,632 shares during the period. Glen Harbor Capital Management LLC increased its stake in Oil States International by 20.8% in the second quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock valued at $238,000 after purchasing an additional 2,244 shares during the period. Riverhead Capital Management LLC increased its stake in Oil States International by 21.3% in the second quarter. Riverhead Capital Management LLC now owns 14,813 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 2,600 shares during the period. Finally, Commonwealth Bank of Australia increased its stake in shares of Oil States International by 63.3% during the second quarter. Commonwealth Bank of Australia now owns 16,000 shares of the oil and gas company’s stock worth $292,000 after acquiring an additional 6,200 shares during the period.
Oil States International Company Profile
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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