Jefferies Maintains a 'Buy' on Oil States International (OIS); Growth Trends Remain Intact
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Price: $8.65 -0.57%
Rating Summary:
13 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Buy' on Oil States International (NYSE: OIS) price target raised from $95 to $100.
Analyst, Coleman W. Sullivan, said, "Following OIS' 4Q11 beat and higher guidance for several segments relative our expectations, we are increasing our EPS, PT and reiterating our Buy rating as we believe the Company will continue to benefit from growth in its high-margin Accommodations business, continued strength in its Rental Tools segment and longer term growth trends in Offshore Products."
"We are increasing our 2012 EPS to $7.45 from $7.04 to account for higher 1Q12 guidance for the Accommodations, Offshore Products, and Rental Tools segments."
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 $83.88 yesterday.
Analyst, Coleman W. Sullivan, said, "Following OIS' 4Q11 beat and higher guidance for several segments relative our expectations, we are increasing our EPS, PT and reiterating our Buy rating as we believe the Company will continue to benefit from growth in its high-margin Accommodations business, continued strength in its Rental Tools segment and longer term growth trends in Offshore Products."
"We are increasing our 2012 EPS to $7.45 from $7.04 to account for higher 1Q12 guidance for the Accommodations, Offshore Products, and Rental Tools segments."
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 $83.88 yesterday.
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