Oil States International, Inc. (NYSE:OIS) has been assigned a $41.00 price objective by Scotiabank in a report issued on Thursday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Scotiabank’s price target suggests a potential upside of 76.72% from the company’s current price.

Several other research analysts also recently issued reports on OIS. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Loop Capital lowered their price objective on shares of 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. BidaskClub downgraded shares of Oil States International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Cowen and Company lowered their price objective on shares of Oil States International from $30.00 to $24.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 1st. Finally, Guggenheim downgraded shares of Oil States International from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.27.

Oil States International (OIS) traded up 0.22% during midday trading on Thursday, reaching $23.20. 415,690 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $24.54 and its 200-day moving average price is $26.82. The company’s market capitalization is $1.19 billion. Oil States International has a 1-year low of $20.90 and a 1-year high of $41.75.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.03). Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The business had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same period in the previous year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts expect that Oil States International will post ($1.00) EPS for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advantus Capital Management Inc raised its position in Oil States International by 3.0% during the first quarter. Advantus Capital Management Inc now owns 6,577 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 192 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Oil States International by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 34,672 shares of the oil and gas company’s stock worth $941,000 after acquiring an additional 238 shares during the last quarter. Arizona State Retirement System raised its position in Oil States International by 1.9% during the second quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock worth $592,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Oil States International by 5.9% during the first quarter. Public Employees Retirement System of Ohio now owns 7,404 shares of the oil and gas company’s stock worth $245,000 after acquiring an additional 415 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Oil States International by 2.9% during the second quarter. Meeder Asset Management Inc. now owns 20,315 shares of the oil and gas company’s stock worth $551,000 after acquiring an additional 565 shares during 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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