RBC Capital Upgrades Oil States International to Outperform (OIS)

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Oil States International (NYSE:OIS) was upgraded by analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $115.00 price objective on the stock, up from their previous price objective of $105.00. RBC Capital’s price target suggests a potential upside of 13.58% from the stock’s previous close.

Oil States International (NYSE:OIS) opened at 101.25 on Tuesday. Oil States International has a one year low of $86.81 and a one year high of $113.64. The stock’s 50-day moving average is $97.07 and its 200-day moving average is $98.95. The company has a market cap of $5.372 billion and a price-to-earnings ratio of 13.90.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.35 by $0.01. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $668.25 million. During the same quarter last year, the company posted $1.80 earnings per share. Oil States International’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Oil States International will post $5.48 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Oil States International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. Separately, analysts at Cowen and Company cut their price target on shares of Oil States International from $109.00 to $107.00 in a research note on Monday, May 5th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Oil States International from $105.00 to $110.00 in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Oil States International has an average rating of “Hold” and an average price target of $106.08.

In other Oil States International news, VP Bradley Dodson sold 26,700 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $95.70, for a total transaction of $2,555,190.00. Following the sale, the vice president now directly owns 72,033 shares of the company’s stock, valued at approximately $6,893,558. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Oil States International, Inc (NYSE:OIS) through its subsidiaries, is a provider of specialty products and services to natural resources companies worldwide.

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