The stock of Oil States International, Inc. (NYSE:OIS) is a huge mover today! The stock increased 5.16% or $1.55 during the last trading session, hitting $31.57. About 1.08 million shares traded hands or 68.93% up from the average. Oil States International, Inc. (NYSE:OIS) has risen 20.42% since February 26, 2016 and is uptrending. It has outperformed by 9.99% the S&P500.
The move comes after 6 months positive chart setup for the $1.71B company. It was reported on Sep, 30 by Barchart.com. We have $39.15 PT which if reached, will make NYSE:OIS worth $410.40 million more.
Analysts await Oil States International, Inc. (NYSE:OIS) to report earnings on November, 3. They expect $-0.23 earnings per share, down 309.09% or $0.34 from last year’s $0.11 per share. After $-0.22 actual earnings per share reported by Oil States International, Inc. for the previous quarter, Wall Street now forecasts 4.55% negative EPS growth.
Oil States International, Inc. (NYSE:OIS) Ratings Coverage
Out of 12 analysts covering Oil States (NYSE:OIS), 4 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 33% are positive. Oil States has been the topic of 29 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, September 4 by BMO Capital Markets. The stock of Oil States International, Inc. (NYSE:OIS) earned “Overweight” rating by Piper Jaffray on Thursday, March 31. The rating was initiated by Deutsche Bank on Thursday, August 20 with “Hold”. Guggenheim upgraded Oil States International, Inc. (NYSE:OIS) on Monday, November 30 to “Buy” rating. As per Friday, September 4, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained Oil States International, Inc. (NYSE:OIS) on Monday, November 2 with “Sector Perform” rating. As per Wednesday, June 29, the company rating was upgraded by Evercore. The stock of Oil States International, Inc. (NYSE:OIS) earned “Buy” rating by Gabelli on Friday, October 16. The firm has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. The firm has “Sector Perform” rating by Howard Weil given on Monday, March 28.
According to Zacks Investment Research, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services.”
Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.28, from 0.81 in 2016Q1. The ratio is positive, as 23 funds sold all Oil States International, Inc. shares owned while 62 reduced positions. 30 funds bought stakes while 63 increased positions. They now own 52.21 million shares or 11.27% less from 58.84 million shares in 2016Q1.
Texas Permanent School Fund has 39,271 shares for 0.02% of their US portfolio. Wedge Cap L Limited Partnership Nc has 0.16% invested in the company for 472,573 shares. Millennium Mngmt Ltd Co has 41,457 shares for 0% of their US portfolio. Qs Ltd Liability Co, a New York-based fund reported 10 shares. Blackrock Gru Limited reported 37,426 shares or 0% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky last reported 0% of its portfolio in the stock. Teachers Advsrs accumulated 82,881 shares or 0% of the stock. Barrow Hanley Mewhinney And Strauss Limited Liability Corp accumulated 0% or 87,032 shares. Prudential Fin last reported 0% of its portfolio in the stock. Cap holds 0.02% of its portfolio in Oil States International, Inc. (NYSE:OIS) for 1.82M shares. State Treasurer State Of Michigan, a Michigan-based fund reported 20,600 shares. Toronto Dominion Commercial Bank holds 0% or 100 shares in its portfolio. Bnp Paribas Inv Prtnrs Sa has 0.01% invested in the company for 19,364 shares. Massachusetts Fincl Communication Ma accumulated 919,359 shares or 0.02% of the stock. Cornerstone Capital Mgmt Limited Com last reported 0% of its portfolio in the stock.
More recent Oil States International, Inc. (NYSE:OIS) news were published by: Fool.com which released: “Why Oil Prices Pushed Oil States International, Inc.’s Stock Down 14.8% in …” on January 04, 2016. Also Fool.com published the news titled: “Here’s Why Shares of Oil States International Climbed 21% in March” on April 09, 2016. Seekingalpha.com‘s news article titled: “Oil States International Is Worth $15” with publication date: August 22, 2016 was also an interesting one.
OIS Company Profile
Oil States International, Inc., incorporated on July 6, 1995, through its subsidiaries, is a well-known provider of specialty services and products to oil and natural gas companies throughout the world. The Company’s divisions include offshore products and well site services. The Firm operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. The Company’s clients include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies.
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