Susquehanna Sticks to Its Hold Rating for Oil States International (OIS)
Susquehanna analyst Charles Minervino maintained a Hold rating on Oil States International today and set a price target of $11.00.
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Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Nabors Industries, and NOV. According to TipRanks, Minervino has an average return of 18.4% and a 63.40% success rate on recommended stocks.
Currently, the analyst consensus on Oil States International is a Moderate Buy with an average price target of $13.33.
Based on Oil States International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $178.24 million and a GAAP net loss of $117.25 million. In comparison, last year the company earned a revenue of $164.6 million and had a net profit of $15.16 million
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OIS in relation to earlier this year. Last month, Darrell Hollek, a Director at OIS sold 42,511.00 shares for a total of $493,552.71.
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