Morgan Stanley Reiterates “$32.00” Price Target for Oil States International (OIS)

Oil States International (NYSE:OIS) has been given a $32.00 price objective by equities research analysts at Morgan Stanley in a research report issued on Tuesday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Morgan Stanley’s price target indicates a potential upside of 35.25% from the stock’s current price.

Other analysts have also recently issued reports about the stock. SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of Oil States International in a report on Wednesday, August 1st. ValuEngine cut shares of Oil States International from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Credit Suisse Group set a $28.00 target price on shares of Oil States International and gave the stock a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research cut shares of Oil States International from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Finally, Raymond James dropped their target price on shares of Oil States International from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Oil States International has an average rating of “Hold” and an average price target of $32.00.

NYSE OIS opened at $23.66 on Tuesday. Oil States International has a 12 month low of $21.39 and a 12 month high of $38.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 3.04. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -22.32 and a beta of 1.90.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Monday, October 29th. The oil and gas company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Oil States International had a negative net margin of 4.28% and a negative return on equity of 0.44%. The firm had revenue of $274.59 million for the quarter, compared to the consensus estimate of $274.97 million. During the same period in the prior year, the firm posted ($0.30) EPS. The firm’s revenue was up 67.4% compared to the same quarter last year. On average, research analysts expect that Oil States International will post -0.06 EPS for the current fiscal year.

In related news, VP Brian E. Taylor sold 2,380 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $34.05, for a total value of $81,039.00. Following the sale, the vice president now owns 17,082 shares of the company’s stock, valued at approximately $581,642.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.97% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in OIS. Principal Financial Group Inc. increased its holdings in shares of Oil States International by 22.5% in the 1st quarter. Principal Financial Group Inc. now owns 468,186 shares of the oil and gas company’s stock worth $12,266,000 after acquiring an additional 85,882 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Oil States International by 32.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 284,000 shares of the oil and gas company’s stock worth $9,116,000 after acquiring an additional 69,563 shares during the period. Energy Opportunities Capital Management LLC increased its holdings in shares of Oil States International by 41.9% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 215,271 shares of the oil and gas company’s stock worth $6,910,000 after acquiring an additional 63,550 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Oil States International by 77.0% in the 1st quarter. JPMorgan Chase & Co. now owns 77,993 shares of the oil and gas company’s stock worth $2,043,000 after acquiring an additional 33,924 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Oil States International by 16.8% in the 2nd quarter. SG Americas Securities LLC now owns 145,690 shares of the oil and gas company’s stock worth $4,677,000 after acquiring an additional 21,001 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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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