Oil States International Inc. (NYSE:OIS)’s share price dropped 1.7% during trading on Monday . The stock traded as low as $31.59 and last traded at $31.75, with a volume of 222,067 shares changing hands. The stock had previously closed at $32.30.

OIS has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “hold” rating on shares of Oil States International in a report on Saturday, April 30th. Simmons raised their target price on shares of Oil States International from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, June 22nd. Howard Weil raised shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $34.00 to $45.00 in a report on Wednesday, June 22nd. Scotia Howard Weill lowered shares of Oil States International from an “outperform” rating to a “sector perform” rating in a report on Monday, March 28th. Finally, Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $35.72.

The stock’s market cap is $1.63 billion. The stock has a 50-day moving average price of $32.78 and a 200 day moving average price of $29.94.

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

A number of hedge funds have recently made changes to their positions in OIS. California State Teachers Retirement System raised 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 valued at $2,604,000 after buying an additional 1,439 shares in the last quarter. Rhumbline Advisers increased 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. California Public Employees Retirement System increased 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. Finally, New York State Common Retirement Fund increased 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.

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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