Oil States International Inc. (NYSE:OIS) 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.

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank AG boosted their price objective on shares of Oil States International from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Monday, May 2nd. Royal Bank Of Canada restated a “hold” rating on shares of Oil States International in a report on Saturday, April 30th. Scotiabank upgraded shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $34.00 to $45.00 in a report on Wednesday, June 22nd. Simmons boosted 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. Finally, Howard Weil upgraded shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $34.00 to $45.00 in a report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.72.

The company’s 50 day moving average price is $32.84 and its 200 day moving average price is $29.76. The firm’s market cap is $1.63 billion.

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

A number of hedge funds recently modified their holdings of OIS. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.