Shares of Oil States International, Inc. (NYSE:OIS) have earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.09.

OIS has been the subject of a number of recent analyst reports. BMO Capital Markets set a $35.00 price objective on shares of Oil States International and gave the company a “hold” rating in a research report on Wednesday, April 12th. Deutsche Bank AG restated a “hold” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Oil States International in a research report on Tuesday, May 30th. Wolfe Research downgraded shares of Oil States International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 6th. BidaskClub upgraded shares of Oil States International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Wells Fargo & Company began coverage on shares of Oil States International in a research report on Friday, June 16th. They set an “outperform” rating and a $33.00 price target for the company.

Oil States International (NYSE OIS) traded down 0.94% during mid-day trading on Monday, reaching $26.30. The company’s stock had a trading volume of 584,810 shares. The firm’s market cap is $1.36 billion. Oil States International has a one year low of $25.25 and a one year high of $41.75. The stock’s 50 day moving average is $27.60 and its 200 day moving average is $32.59.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.06. Oil States International had a negative return on equity of 3.94% and a negative net margin of 7.52%. The company had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $155.75 million. During the same period in the prior year, the business earned ($0.24) EPS. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, analysts anticipate that Oil States International will post ($0.79) EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of Oil States International by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 142,096 shares of the oil and gas company’s stock valued at $4,710,000 after buying an additional 7,224 shares during the period. Karp Capital Management Corp bought a new stake in Oil States International during the first quarter worth about $1,289,000. Meadow Creek Investment Management LLC increased its stake in Oil States International by 3.0% in the first 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 during the last quarter. UBS Asset Management Americas Inc. increased its stake in Oil States International by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 34,434 shares of the oil and gas company’s stock worth $1,141,000 after buying an additional 1,246 shares during the last quarter. Finally, US Bancorp DE increased its stake in Oil States International by 5.0% in the first quarter. US Bancorp DE now owns 6,605 shares of the oil and gas company’s stock worth $219,000 after buying an additional 317 shares during the last quarter.

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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.

Analyst Recommendations for Oil States International (NYSE:OIS)

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