Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the oil related services and equipment peer group is "buy"
- Wall Street's median 12-month price target for Oil States International Inc is $12.00, about 54.8% above its July 29 closing price of $7.75
- The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 18 three months ago
Outlook and business conditions
- Company cites strong backlog and improving activity in offshore, international and military markets
- Oil States says it is in early stages of increased customer investment
- Company remains focused on growing backlog, expanding margins and improving cash generation
Quarterly results and capital returns
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