Oil States International, Inc. (OIS) Earns Hold Rating from Analysts at Deutsche Bank AG

Deutsche Bank AG initiated coverage on shares of Oil States International, Inc. (NYSE:OIS) in a research note published on Tuesday morning, MarketBeat reports. The firm issued a hold rating and a $26.00 target price on the oil and gas company’s stock.

Several other brokerages have also commented on OIS. BidaskClub raised Oil States International from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Cowen and Company set a $24.00 price objective on Oil States International and gave the stock a hold rating in a report on Friday, October 6th. Royal Bank Of Canada set a $30.00 price objective on Oil States International and gave the stock a hold rating in a report on Saturday, October 7th. Zacks Investment Research raised Oil States International from a sell rating to a hold rating in a report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a hold rating on shares of Oil States International in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $31.45.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.03). Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The business had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same period in the previous year, the firm posted ($0.22) EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year.

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A number of institutional investors have recently bought and sold shares of OIS. LS Investment Advisors LLC boosted its stake in shares of 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 during the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Oil States International by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock worth $133,000 after buying an additional 2,394 shares during the last quarter. Winch Advisory Services LLC boosted its stake in shares of Oil States International by 113.1% in the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock worth $156,000 after buying an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Oil States International in the second quarter worth about $159,000. Finally, OppenheimerFunds Inc. purchased a new stake in shares of Oil States International in the first quarter worth about $211,000.

Oil States International Company Profile

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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