UPDATE - Barclays Starts Oil States Int'l (OIS) at Overweight; Diversified with Strong Underlying Trends

UPDATE - Barclays initiates coverage on Oil States International (NYSE: OIS) with an Overweight. PT $115.00.

Analyst, Anthony Walker, said, "We believe OIS is a high-quality mid-cap company and a distinct way to gain exposure to the Canadian market, the Australian accommodations business and the global acceleration in offshore equipment demand. The Accommodations business is likely to be a primary beneficiary of a solid multi-year outlook for E&P spending growth in Canada driven by increased investments in the oil sands, potential LNG opportunities and the continued shift from gas-directed activity to oil- and liquids-rich drilling."

The company's positive business trends offer growth and visibility, therefore Barclays sees FY12 EPS at $7.75 and rising to $8.85 in 2013.

To see more ratings on OIS, Click Here

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