Oil States International, Inc. (NYSE:OIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services. “

Several other equities analysts have also commented on the company. BMO Capital Markets lowered their price objective on Oil States International from $33.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Wells Fargo & Company lowered Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Friday, July 7th. Cowen and Company reissued a “hold” rating and set a $30.00 price objective on shares of Oil States International in a research report on Tuesday, July 11th. Morgan Stanley lowered Oil States International from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $55.00 to $32.00 in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $35.00 price objective (down previously from $37.00) on shares of Oil States International in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Shares of Oil States International (NYSE:OIS) opened at 22.60 on Tuesday. Oil States International has a 52 week low of $20.90 and a 52 week high of $41.75. The firm’s 50-day moving average is $23.69 and its 200-day moving average is $28.76. The company’s market cap is $1.15 billion.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.03. The firm had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $176.08 million. Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.22) EPS. Equities research analysts predict that Oil States International will post ($0.97) earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC increased its holdings in Oil States International by 3.0% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after buying an additional 612 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock worth $133,000 after buying an additional 2,394 shares in the last quarter. Winch Advisory Services LLC increased its holdings in Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock worth $156,000 after buying an additional 3,049 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in Oil States International in the 2nd quarter worth about $159,000.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Analyst Recommendations for Oil States International (NYSE:OIS)

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