Oil States International, Inc. (NYSE:OIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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. “

A number of other research firms also recently issued reports on OIS. BMO Capital Markets reissued a “hold” rating and issued a $33.00 price target (down from $35.00) on shares of Oil States International in a research note on Friday, May 5th. BidaskClub raised shares of Oil States International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Cowen and Company reissued a “hold” rating and issued a $30.00 price target on shares of Oil States International in a research note on Tuesday, July 11th. Wolfe Research downgraded shares of Oil States International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 6th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $35.00 price target (down from $37.00) on shares of Oil States International in a research note on Tuesday, May 30th. Two investment 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. The stock has an average rating of “Hold” and an average price target of $35.00.

Shares of Oil States International (OIS) traded down 1.56% during mid-day trading on Wednesday, reaching $22.05. 418,362 shares of the company’s stock traded hands. The company’s market cap is $1.13 billion. Oil States International has a 12-month low of $21.85 and a 12-month high of $41.75. The company’s 50 day moving average is $25.89 and its 200 day moving average is $30.58.

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 analysts’ consensus estimates of ($0.24) by $0.03. Oil States International had a negative return on equity of 4.84% and a negative net margin of 8.31%. The firm had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same period last year, the firm earned ($0.22) earnings per share. Oil States International’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Oil States International will post ($0.97) EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in Oil States International by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 86,659 shares of the oil and gas company’s stock valued at $3,380,000 after buying an additional 3,778 shares during the period. First Manhattan Co. increased its stake in Oil States International by 10.4% in the first quarter. First Manhattan Co. now owns 17,127 shares of the oil and gas company’s stock valued at $540,000 after buying an additional 1,610 shares during the period. Nikko Asset Management Americas Inc. increased its stake in Oil States International by 24.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 315,300 shares of the oil and gas company’s stock valued at $10,452,000 after buying an additional 62,600 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Oil States International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the oil and gas company’s stock valued at $595,000 after buying an additional 200 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Oil States International by 49.4% in the first quarter. Canada Pension Plan Investment Board now owns 76,800 shares of the oil and gas company’s stock valued at $2,546,000 after buying an additional 25,400 shares during the period.

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.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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