Market Overview

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

Share:
Related OIS
'Ugly Right Around The Corner' In Oil Field Services, Credit Suisse Cautions
Susquehanna Cuts Oil States International Estimates On 'Challenging' U.S. Landscape
Oil States International's (OIS) CEO Cynthia Taylor on Q2 2015 Results - Earnings Call Transcript (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
Jun 2015SusquehannaMaintainsNeutral
Jun 2015Scotia Howard WeilUpgradesSector PerformSector Outperform
May 2015JP MorganInitiates Coverage onNeutral

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)

Get Benzinga's Newsletters