Oil States International Inc. (NYSE:OIS) shares saw unusually-strong trading volume on Wednesday . Approximately 603,866 shares traded hands during trading, a decline of 7% from the previous session’s volume of 651,982 shares.The stock last traded at $31.68 and had previously closed at $32.66.

Several analysts have recently weighed in on OIS shares. Zacks Investment Research upgraded Oil States International from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 16th. Howard Weil lowered Oil States International from a “sector outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Scotiabank lowered Oil States International from an “outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Scotia Howard Weill lowered Oil States International from an “outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Finally, Piper Jaffray Cos. upgraded Oil States International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Oil States International has a consensus rating of “Hold” and an average price target of $35.72.

The company’s market capitalization is $1.62 billion. The stock has a 50 day moving average of $32.85 and a 200-day moving average of $29.82.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. During the same quarter in the prior year, the company earned $0.45 EPS. The firm earned $169.66 million during the quarter, compared to analyst estimates of $191.96 million. The firm’s revenue was down 49.7% compared to the same quarter last year. Analysts expect that Oil States International Inc. will post ($1.07) earnings per share for the current year.

Several hedge funds and institutional investors recently bought and sold shares of OIS. California Public Employees Retirement System raised its position in 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 valued at $4,660,000 after buying an additional 13,000 shares in the last quarter. New York State Common Retirement Fund raised its position in 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 valued at $11,404,000 after buying an additional 3,737 shares in the last quarter. California State Teachers Retirement System raised its position in 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 valued at $2,604,000 after buying an additional 1,439 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Oil States International by 0.8% in the fourth quarter. Rhumbline Advisers now owns 122,381 shares of the company’s stock valued at $3,335,000 after buying an additional 915 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.

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