Barclays Maintains an 'Overweight' on Oil States International (OIS) Raising Numbers on Impressive Start to '12

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Barclays maintains an 'Overweight' on Oil States International (NYSE: OIS) price target raised from $115 to $119.

Analyst, Anthony Walker, said, "We believe OIS is a high-quality mid-cap company and offers a distinct way to gain exposure to the Canadian market, the Australian accommodations business and the global acceleration in offshore equipment demand."

Walker noted that Q1 EPS of $2.20 (vs. Barclays estimate of $1.83) proves the company is off to a strong (2012) start. Walker also boosts FY12 EPS estimates from $7.75 to $8.35 and FY13 from $8.85 to $9.25.

For an analyst ratings summary and ratings history on Oil States International click here. For more ratings news on Oil States International click here.

Shares of Oil States International closed at $78.79 yesterday, with a 52 week range of $44.77-$87.65.

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