Shares of Oil States International Inc. (NYSE:OIS) dropped 6.4% during mid-day trading on Tuesday . The company traded as low as $30.84 and last traded at $30.95, with a volume of 150,772 shares traded. The stock had previously closed at $33.07.

OIS has been the subject of a number of research analyst reports. Scotiabank downgraded shares of Oil States International from an “outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Simmons lifted their price objective on shares of Oil States International from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, June 22nd. Scotia Howard Weill downgraded shares of Oil States International from an “outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Zacks Investment Research raised shares of Oil States International from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 16th. Finally, Evercore ISI raised shares of Oil States International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $37.00 in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Oil States International has an average rating of “Hold” and an average price target of $35.72.

The firm has a 50 day moving average price of $32.83 and a 200 day moving average price of $29.72. The firm’s market cap is $1.63 billion.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.05. During the same period in the prior year, the firm earned $0.45 earnings per share. The business had revenue of $169.66 million for the quarter, compared to analyst estimates of $191.96 million. The firm’s quarterly revenue was down 49.7% on a year-over-year basis. On average, equities analysts expect that Oil States International Inc. will post ($1.06) EPS for the current year.

Other institutional investors have modified their holdings of the company. Energy Opportunities Capital Management LLC boosted its position in shares of Oil States International by 216.5% in the fourth quarter. Energy Opportunities Capital Management LLC now owns 297,698 shares of the company’s stock worth $8,112,000 after buying an additional 203,625 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Oil States International by 8.2% in the fourth quarter. California Public Employees Retirement System now owns 171,000 shares of the company’s stock worth $4,660,000 after buying an additional 13,000 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Oil States International by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 418,498 shares of the company’s stock worth $11,404,000 after buying an additional 3,737 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Oil States International by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 95,565 shares of the company’s stock worth $2,604,000 after buying an additional 1,439 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Oil States International by 0.8% in the fourth quarter. Rhumbline Advisers now owns 122,381 shares of the company’s stock worth $3,335,000 after buying an additional 915 shares during the last quarter.

Oil States International, Inc, through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company’s segments include offshore products and well site services. It designs and manufactures a number of products for the offshore energy industry through Offshore Products segments.

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