Oil States International Inc. (NYSE:OIS) has received an average rating of “Buy” from the seventeen research firms that are currently covering the company. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $36.14.

OIS has been the subject of several recent analyst reports. Simmons reiterated an “overweight” rating and set a $32.00 price objective (down previously from $38.00) on shares of Oil States International in a research note on Sunday, July 31st. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Finally, Morgan Stanley upgraded shares of Oil States International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $53.00 in a research note on Wednesday, October 26th.

Hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Oil States International by 3.5% in the first quarter. State Street Corp now owns 1,911,024 shares of the company’s stock worth $60,233,000 after buying an additional 65,423 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Oil States International by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 84,608 shares of the company’s stock worth $2,667,000 after buying an additional 1,671 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Oil States International by 13.0% in the first quarter. Panagora Asset Management Inc. now owns 554,909 shares of the company’s stock worth $17,491,000 after buying an additional 63,836 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Oil States International by 951.1% in the second quarter. BNP Paribas Arbitrage SA now owns 28,169 shares of the company’s stock worth $926,000 after buying an additional 25,489 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Oil States International by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 21,930 shares of the company’s stock worth $721,000 after buying an additional 100 shares during the period.

Oil States International (NYSE:OIS) opened at 31.30 on Tuesday. Oil States International has a 52 week low of $21.44 and a 52 week high of $36.73. The stock’s market cap is $1.61 billion. The stock’s 50 day moving average is $30.78 and its 200 day moving average is $31.51.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. Oil States International had a negative net margin of 4.56% and a negative return on equity of 2.12%. Analysts predict that Oil States International will post ($0.88) EPS for the current year.

About Oil States International

Oil States International, Inc, through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company’s segments include offshore products and well site services. It designs and manufactures a number of products for the offshore energy industry through Offshore Products segments.

5 Day Chart for NYSE:OIS

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