Deutsche Bank Begins Coverage on Oil States International (OIS)
Resource from: The Legacy Likes:235
Aug 24,2015
Oil States International, Inc. logoDeutsche Bank started coverage on shares of Oil States International (NYSE:OIS)in a research report report published onThursday, TheFlyOnTheWall.com reports. The firm issued a hold rating and a $31.00 price target on the stock.
Oil States International (NYSE:OIS) traded down 3.11% during midday trading on Thursday, reaching $25.22. 1,358,561 shares of the company’s stock were exchanged. Oil States International has a 52 week low of $25.19 and a 52 week high of $65.05. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 9.47. The firm’s 50 day moving average is $30.92 and its 200 day moving average is $39.10.
Oil States International (NYSE:OIS) last issued its earnings results on Tuesday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the analysts’ consensus estimate of $0.03 by $0.12. On average, equities analysts anticipate that Oil States International will post $0.74 earnings per share for the current year.
OIS has been the subject of a number of other reports. Howard Weil lowered their target price on Oil States International from $49.00 to $43.00 and set a sector outperform rating for the company in a report on Thursday, July 30th. BMO Capital Markets reduced their price target on Oil States International from $46.00 to $44.00 in a research report on Monday, June 29th. Zacks lowered Oil States International from a hold rating to a strong sell rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. began coverage on Oil States International in a research report on Friday, May 29th. They set a neutral rating and a $39.00 price target on the stock. Finally, Evercore ISI lowered their target price on Oil States International from $42.00 to $38.00 and set a hold rating on the stock in a research note on Friday, June 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $43.08.
Oil States International, Inc. (NYSE:OIS) through its subsidiary companies, is a supplier of specialty products and services to petroleum and natural gas businesses throughout the world. The Company operates in active oil and natural gas producing regions, including West Africa and offshore Usa, Canada, onshore, the North Sea, South America and Southeast and Central Asia. The Organization operates in two segments: offshore products and well site services. The Business ‘s products and services include flexible bearings and complex connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves, manifold system parts and diverter valves; marine winches, mooring systems, cranes and other heavy-lift rig gear; production, workover, completion and drilling riser systems, among others. The Business also offers website services.
(The Legacy)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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