In a report issued on October 30, 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 Tuesday at $2.87, close to its 52-week low of $1.52.
According to TipRanks.com, Hallead has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -18.9% and a 24.8% success rate. Hallead covers the Industrial Goods sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.
Oil States International has an analyst consensus of Hold, with a price target consensus of $5.00.
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The company has a one-year high of $17.81 and a one-year low of $1.52. Currently, Oil States International has an average volume of 900.3K.
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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.
