Oil States International, Inc. (NYSE:OIS) traded up 2.2% on Tuesday . The stock traded as high as $24.65 and last traded at $23.90. 384,687 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 1,010,000 shares. The stock had previously closed at $24.45.

A number of research firms recently commented on OIS. J P Morgan Chase & Co decreased their price target on Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Cowen and Company restated a “hold” rating and set a $30.00 price target on shares of Oil States International in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Loop Capital decreased their price target on Oil States International from $44.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 1st. Finally, Scotiabank set a $41.00 price target on Oil States International and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.18.

The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.02). The business had revenue of $164.00 million for the quarter, compared to analyst estimates of $166.94 million. Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The firm’s revenue was down 8.4% on a year-over-year basis. equities research analysts expect that Oil States International, Inc. will post -1.06 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of OIS. UBS Asset Management Americas Inc. raised its stake in shares of Oil States International by 0.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock valued at $941,000 after purchasing an additional 238 shares during the period. Arizona State Retirement System raised its stake in shares of Oil States International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock valued at $592,000 after purchasing an additional 400 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 5.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 7,404 shares of the oil and gas company’s stock valued at $245,000 after purchasing an additional 415 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Oil States International by 2.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 20,315 shares of the oil and gas company’s stock valued at $551,000 after purchasing an additional 565 shares during the period. Finally, LS Investment Advisors LLC raised its stake in shares of 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 valued at $111,000 after purchasing an additional 612 shares during the period.

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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.

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