Scotia Howard Weil Upgrades Oil States International to Sector Outperform

Brokerage firm Scotia Howard Weil Upgrades its rating on Oil States International(NYSE:OIS). The shares have been rated Sector Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by Scotia Howard Weil was issued on Jun 22, 2016.

In a different note, On Apr 1, 2016, Susquehanna said it Maintains its rating on Oil States International. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 31, 2016, Piper Jaffray said it Upgrades its rating on Oil States International. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 28, 2016, Scotia Howard Weil said it Downgrades its rating on Oil States International. The shares have been rated ‘Sector Perform’ by the firm.

Oil States International (OIS) shares turned negative on Mondays trading session with the shares closing down -1.83 points or -5.72% at a volume of 7,56,203. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.49. The peak price level was also seen at $31.49 while the days lowest was $30.175. Finally the shares closed at $30.19. The 52-week high of the shares is $37.88 while the 52-week low is $21.44. According to the latest information available, the market cap of the company is $1,551 M.

Oil States International(OIS) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $169.66M. Analysts had an estimated revenue of $192.22M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.18.

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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