BMO Capital Markets reissued their hold rating on shares of Oil States International, Inc. (NYSE:OIS) in a research note released on Wednesday morning. They currently have a $24.00 price target on the oil and gas company’s stock.

OIS has been the subject of several other reports. Deutsche Bank AG restated a hold rating and issued a $35.00 target price (down from $37.00) on shares of Oil States International in a research note on Tuesday, May 30th. BidaskClub upgraded Oil States International from a strong sell rating to a sell rating in a research note on Saturday, July 1st. Wolfe Research downgraded Oil States International from an outperform rating to a market perform rating in a research note on Tuesday, June 6th. Wells Fargo & Company started coverage on Oil States International in a research note on Friday, June 16th. They issued an outperform rating and a $33.00 target price for the company. Finally, Loop Capital restated a buy rating on shares of Oil States International in a research note on Monday, July 3rd. One research 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. The stock presently has an average rating of Hold and an average target price of $35.00.

Shares of Oil States International (OIS) opened at 22.45 on Wednesday. Oil States International has a one year low of $20.90 and a one year high of $41.75. The stock has a 50 day moving average price of $23.36 and a 200-day moving average price of $28.67. The company’s market capitalization is $1.15 billion.

Oil States International (NYSE:OIS) last issued its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.03. The firm had revenue of $171.40 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.22) earnings per share. On average, equities research analysts expect that Oil States International will post ($0.97) EPS for the current year.

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Several institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Oil States International by 2.5% during the 2nd quarter. State Street Corp now owns 2,062,339 shares of the oil and gas company’s stock worth $55,992,000 after buying an additional 50,820 shares in the last quarter. Earnest Partners LLC bought a new position in shares of Oil States International during the 2nd quarter worth approximately $53,922,000. Thrivent Financial For Lutherans lifted its position in shares of Oil States International by 4.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,474,076 shares of the oil and gas company’s stock worth $40,022,000 after buying an additional 68,650 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Oil States International by 209.7% during the 2nd quarter. New York State Common Retirement Fund now owns 678,765 shares of the oil and gas company’s stock worth $18,428,000 after buying an additional 459,598 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of Oil States International by 2.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 500,066 shares of the oil and gas company’s stock worth $13,577,000 after buying an additional 11,926 shares in the last quarter.

About Oil States International

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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