Loop Capital Initiates Coverage on Oil States International to Buy

Loop Capital Initiates Coverage on Oil States International(NYSE:OIS). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

In a different note, Morgan Stanley said it Initiates Coverage on Oil States International, according to a research note issued on Aug 11, 2016. The shares have been rated ‘Equal-weight’ by the firm. On Aug 1, 2016, Deutsche Bank said it Maintains its rating on Oil States International. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Hold’ by the firm.

Oil States International (OIS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.47% or 0.15 points. Due to strong positive momentum, the stock ended at $31.95, which is also near the day’s high of $32.2. The stock began the session at $31.79 and the volume stood at 7,48,000 shares. The 52-week high of the shares is $36.73 and the 52 week low is $21.44. The company has a current market capitalization of $1,640 M and it has 5,13,43,160 shares in outstanding.

Oil States International(OIS) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $175.85M. Analysts had an estimated revenue of $174.38M. Earnings per share were $-0.22. Analysts had estimated an EPS of $-0.27.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Sarah Ann Munson (VP, Controller & CAO) sold 3,860 shares at $27.86 per share price.Also, On Dec 23, 2015, Lias Jeff Steen (SR Vice President, HR & Legal) sold 8,789 shares at $29.52 per share price.On Dec 16, 2015, Philip Scott Moses (Sr. VP, Offshore Products) sold 8,579 shares at $31.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Oil States International Inc. (Oil States) through its subsidiaries is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company 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 operates in two segments: offshore products and well site services. The Company’s products and services include flexible bearings and advanced connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves manifold system components and diverter valves; marine winches mooring systems cranes and other heavy-lift rig equipment; production workover completion and drilling riser systems among others. The Company also offers well site services.

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