Stocks of Oil States International, Inc. (NYSE:OIS) traded higher last session on Wall Street, up 0.14% to $7.04.
According to the data, Oil States International, Inc. (NYSE:OIS) has 5 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $8.00, we find $10.00. Given the previous closing price of $7.03, this indicates a potential upside of 42.25 percent. OIS stock price is now -9.24% away from the 50-day moving average and -10.40% away from the 200-day moving average. The market capitalization of the company currently stands at $449.79M.
A total of 2 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.80 as their price target over the next twelve months.
With the price target of $10, Raymond James recently initiated with Outperform rating for Oil States International, Inc. (NYSE: OIS).
Insiders disposed of 177,068 shares of company stock worth roughly $1.25 million over the past 1 year. A total of 3.43% of the company’s stock is owned by insiders.
During the past 12 months, Oil States International, Inc. has had a low of $6.02 and a high of $10.47. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 2.89, and a quick ratio of 1.66. The fifty day moving average price for OIS is $7.76 and a two-hundred day moving average price translates $7.86 for the stock.
The latest earnings results from Oil States International, Inc. (NYSE: OIS) was released for Sep, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.04 by 0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was 1.25% and return on equity was 1.41% for OIS. The company reported revenue of $194.29 million for the quarter, compared to $189.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.58 percent. For the current quarter, analysts expect OIS to generate $218.51M in revenue.
Oil States International, Inc.(OIS) Company Profile
Oil States International, Inc., through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides wellhead isolation, frac valve, wireline and coiled tubing support, flowback and well testing, downhole and extended-reach, pipe recovery systems, gravel pack and sand control, hydraulic chokes and manifolds, BOP, and drilling services. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore/Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products, such as valves, elastomers, and other specialty products that are used in the land-based drilling and completion markets; and other products for use in industrial, military, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company was incorporated in 1995 and is headquartered in Houston, Texas.
