Market Overview

UPDATE: Williams Financial Group Initiates Oil States International at Buy on Oil Upside Visibility

Share:
Related OIS
Evercore ISI Downgrades Drilling Companies
UPDATE: Credit Suisse Upgrades Oil States International
A Look Inside The iBillionaire High Dividend Index (Seeking Alpha)

Williams Financial Group initiated coverage on Oil States International (NYSE: OIS) with a Buy rating and price target of $112.

Williams Financial Group noted, "OIS has created a reputation for execution across multiple business lines and geographies in a challenging market. We credit the largest segment, Accommodations, which generates half of company EBITDA and has incredible revenue visibility (94% in 2012, 74% in 2013, and OIS just signed a 10‐year agreement). Growth has occurred organically and through M&A and our positive bias toward the segment is a result of leverage to Canada oil sands and Australia mining projects, and less so to the US land rig count."

Oil States International closed at $5.86 on Thursday.

Latest Ratings for OIS

DateFirmActionFromTo
Dec 2014RBC CapitalDowngradesOutperformSector Perform
Nov 2014SunTrust Robinson HumphreyInitiates Coverage onNeutral
Nov 2014Evercore ISIDowngradesBuyHold

View More Analyst Ratings for OIS
View the Latest Analyst Ratings

Posted-In: Williams Financial GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (OIS)

Around the Web, We're Loving...

Get Benzinga's Newsletters