Deutsche Bank Starts Oil States International (OIS) at Hold

Deutsche Bank initiated coverage on Oil States International (NYSE: OIS) with a Hold rating and a price target of $31.

Analyst Jason Bandel said, "We are initiating coverage of Oil States International (OIS) with a HOLD rating and a $31 target price. OIS is a mid-cap specialty products manufacturer and oilfield services provider focused on delivering technology and solutions to the deepwater capital equipment market and the North America shale market. This focus positions the company to maintain solid through-cycle margins and high market share in its proprietary products. Its strong balance sheet and free cash flow generation allow the company to look for interesting capital deployment opportunities. In the near term, falling backlogs, offshore project deferrals, and delayed completion activity cause us to wait for the recovery."

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 $27.33 yesterday.

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