Oil States International, Inc. (NYSE:OIS) had its price target decreased by research analysts at BMO Capital Markets from $24.00 to $22.00 in a report released on Thursday. The firm currently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ price target would indicate a potential downside of 7.76% from the company’s current price.

A number of other equities research analysts have also recently weighed in on OIS. Zacks Investment Research cut shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Cowen and Company dropped their price target on shares of Oil States International from $30.00 to $24.00 and set a “market perform” rating for the company in a research report on Tuesday, August 1st. Guggenheim cut shares of Oil States International from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 1st. Loop Capital dropped their price target on shares of Oil States International from $44.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Finally, Scotiabank set a $41.00 price objective on shares of Oil States International and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Oil States International presently has an average rating of “Hold” and a consensus target price of $30.00.

Oil States International (NYSE:OIS) traded up $0.35 during trading on Thursday, reaching $23.85. 740,986 shares of the company traded hands, compared to its average volume of 695,890. Oil States International has a 52-week low of $20.23 and a 52-week high of $41.75. The company has a quick ratio of 2.60, a current ratio of 4.09 and a debt-to-equity ratio of 0.02.

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

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Several institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of Oil States International by 46.3% in the 3rd quarter. Nordea Investment Management AB now owns 97,678 shares of the oil and gas company’s stock valued at $2,476,000 after acquiring an additional 30,892 shares during the period. Van ECK Associates Corp increased its holdings in shares of Oil States International by 18.1% in the 3rd quarter. Van ECK Associates Corp now owns 546,072 shares of the oil and gas company’s stock valued at $13,843,000 after acquiring an additional 83,781 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Oil States International by 35.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 210,216 shares of the oil and gas company’s stock valued at $5,329,000 after acquiring an additional 54,770 shares during the period. Quantbot Technologies LP increased its holdings in shares of Oil States International by 193.8% in the 3rd quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 3,513 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Oil States International by 0.4% in the 3rd quarter. New York State Common Retirement Fund now owns 681,287 shares of the oil and gas company’s stock valued at $17,271,000 after acquiring an additional 2,522 shares during the period.

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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