Williams Financial Group Starts Oil States International (OIS) at Buy, Significant Revenue Visibility

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Williams Financial Group initiates coverage on Oil States International (NYSE: OIS) with a Buy. PT $112.00.

The firm comments, "We are positive on OIS with significant revenue visibility (94% in 2012, 74% in 2013) for its largest segment, Accommodations (50% of EBITDA) and noteworthy leverage to the offshore product cycle (18% of EBITDA, record $562MM order backlog). The company’s direct exposure to the rig count through its land rig fleet has somewhat mitigated risk with 2/3 of the fleet in the attractive Permian market and the company recently signing several one-year term contracts."

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 $82.95 yesterday, with a 52 week range of $44.77-$87.65.

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