Oil States International, Inc. (NYSE:OIS) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.18.

Several equities analysts have weighed in on OIS shares. Wells Fargo & Company cut Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Friday, July 7th. Cowen and Company restated a “hold” rating and set a $30.00 price objective on shares of Oil States International in a research note on Tuesday, July 11th. BMO Capital Markets dropped their price objective on Oil States International from $33.00 to $27.00 and set a “market perform” rating on the stock in a research note on Friday, July 14th. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Guggenheim lowered Oil States International from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st.

A number of hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. grew its holdings in Oil States International by 0.7% during 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 buying an additional 238 shares in the last quarter. Arizona State Retirement System grew its holdings in Oil States International by 1.9% during 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 buying an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Oil States International by 5.9% during 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 buying an additional 415 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Oil States International by 2.9% during 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 buying an additional 565 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Oil States International by 17.5% during 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 buying an additional 612 shares in the last quarter.

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Oil States International (NYSE:OIS) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.02). Oil States International had a negative net margin of 9.16% and a negative return on equity of 5.16%. The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $166.94 million. The business’s revenue was down 8.4% on a year-over-year basis.

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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