Oil States International (OIS) Gets a Hold Rating from RBC Capital


In a report issued on October 16, Kurt Hallead from RBC Capital maintained a Hold rating on Oil States International (OIS), with a price target of $5.00. The company’s shares closed last Friday at $2.89, close to its 52-week low of $1.52.

According to TipRanks.com, Hallead is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.6% and a 24.9% success rate. Hallead covers the Industrial Goods sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oil States International with a $5.67 average price target.

See today’s analyst top recommended stocks >>

Based on Oil States International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $146 million and GAAP net loss of $24.63 million. In comparison, last year the company earned revenue of $265 million and had a GAAP net loss of $9.74 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products. The Well Site Services segment consists of completion and drilling services such equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its life cycle focuses on completion-focused equipment and services as well as land drilling services. The Downhole Technologies segment provides oil and gas perforation systems and downhole tools in support of completion, intervention, wireline and abandonment operations. The Offshore or Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels, along with short-cycle and other products. The company was founded in July 1995 and is headquartered in Houston, TX.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts