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Stock Market & Financial Investment News

News Breaks
May 30, 2014
09:24 EDTOISOil States upgraded to Overweight from Equalweight at Capital One
Capital One upgraded Oil States to reflect EBITDA growth following the spin-off. Price target raised to $110 from $70.
News For OIS From The Last 14 Days
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February 20, 2015
10:01 EDTOISOn The Fly: Analyst Downgrade Summary
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06:40 EDTOISOil States downgraded to Neutral from Outperform at Credit Suisse
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February 19, 2015
11:30 EDTOISOil States sees Q1 offshore revenue $185M-$200M, well services $152M-$162M
Oil States guided to Q1 revenues in its offshore product segment to range between $185-$200M. The company estimates that Q1 revenue for the well site services segment will range between $152M-$162M, it stated on the call. Q1 revenue consensus for Oil States is $431.66M. The company noted that its view is the result of a slow-down in service work and discretionary spending on the part of its customers, along with backlog cancellations and lower backlog levels overall. Imbedded in the guidance is the expectation of lower land drilling rig utilization, which is forecasted to average 50% in the first quarter, coupled with reduced activity levels in its completion services operations given material declines in the horizontal rig count. "While Oil States remains well positioned with our product and service offerings across our business lines...clearly we are not immune to the market conditions under which we currently operate. And in anticipation of the materially lower activity level, we proactively began addressing our cost structure late in 2014 by reviewing head count requirements, pay structures, controlling discretionary spending for both capital and operating items and negotiating price decreases with our vendors. These steps will continue well into 2015 as we gain better visibility on current market conditions and the duration of this week commodity price environment," the company stated during the call.
February 18, 2015
17:04 EDTOISOil States reports Q4 EPS $1.09, consensus 99c
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10:05 EDTOISOn The Fly: Analyst Initiation Summary
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08:46 EDTOISOil States initiated with an Underperform at BMO Capital
Target $49.

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