Oil States International Inc. (NYSE:OIS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $31.04, but opened at $31.22. Oil States International shares last traded at $31.56, with a volume of 248,720 shares trading hands.

OIS has been the topic of several research reports. Zacks Investment Research upgraded shares of Oil States International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Howard Weil cut shares of Oil States International from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, March 28th. Scotiabank cut shares of Oil States International from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 28th. Scotia Howard Weill cut shares of Oil States International from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 28th. Finally, Piper Jaffray Cos. raised shares of Oil States International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $32.00 in a research report on Thursday, March 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.72.

The stock’s market capitalization is $1.61 billion. The firm’s 50 day moving average price is $32.83 and its 200-day moving average price is $29.73.

Oil States International (NYSE:OIS) last posted its earnings results on Wednesday, April 27th. The company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.05. The business earned $169.66 million during 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. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, analysts forecast that Oil States International Inc. will post ($1.06) earnings per share for the current fiscal year.

Several hedge funds have modified their holdings of the stock. Energy Opportunities Capital Management LLC increased its stake 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 period. California Public Employees Retirement System increased its stake 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 period. New York State Common Retirement Fund increased its stake 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 period. California State Teachers Retirement System increased its stake 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 period. Finally, Rhumbline Advisers increased its stake 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 period.

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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