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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19

Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M

Oil States anticipates operating loss of approximately $18M and total Adjusted Segment EBITDA of approximately $9M in Q3. Due to Hurricane Harvey's damage in Houston and the surrounding region, Oil States was impacted by lower revenues and under-absorption of manufacturing facility costs primarily in its Offshore/Manufactured Products segment, but also suffered field-level downtime due to employee dislocations resulting from the storm. One of the company's Houston facilities experienced significant flooding and is not yet operational, but was fully insured. Project work in that facility has been shifted to other manufacturing locations to meet customer delivery requirements.

  • 27

    Oct

OIS Oil States
$23.75

-0.2 (-0.84%)

06/21/17
MSCO
06/21/17
DOWNGRADE
MSCO
Equal Weight
Oil States downgraded to Equal Weight from Overweight at Morgan Stanley
08/01/17
GUGG
08/01/17
DOWNGRADE
GUGG
Neutral
Oil States downgraded to Neutral from Buy at Guggenheim
08/01/17
LOOP
08/01/17
NO CHANGE
Target $34
LOOP
Buy
Oil States price target lowered to $34 from $44 at Loop Capital
Loop Capital analyst Stephen Gengaro lowered his estimates for Oil States after the company reported lower than expected 2Q results and gave "lackluster" guidance and cut his price target on the shares to $34 from $44. However, he keeps a Buy rating on Oil States, as he sees its U.S. land business benefiting from rising completion activity over the next several quarters.
10/10/17
DBAB
10/10/17
INITIATION
Target $26
DBAB
Hold
Oil States initiated with a Hold at Deutsche Bank
Deutsche Bank analyst David Havens started Oil States with a Hold rating and $26 price target.

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