Oil States International Inc. (NYSE:OIS)’s share price dropped 3.7% during trading on Monday . The stock traded as low as $29.60 and last traded at $29.78, with a volume of 458,557 shares changing hands. The stock had previously closed at $30.92.

OIS has been the subject of several research analyst reports. Credit Suisse Group AG reiterated a “hold” rating and set a $33.00 target price on shares of Oil States International in a research note on Thursday, June 2nd. Zacks Investment Research upgraded Oil States International from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Simmons reiterated an “overweight” rating and set a $32.00 target price (down from $38.00) on shares of Oil States International in a research note on Sunday. Evercore ISI upgraded Oil States International from a “hold” rating to a “buy” rating and increased their target price for the company from $25.00 to $37.00 in a research note on Wednesday, June 29th. Finally, Scotiabank upgraded Oil States International from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $34.00 to $45.00 in a research note on Wednesday, June 22nd. One 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 stock currently has a consensus rating of “Hold” and a consensus target price of $35.39.

The stock’s market capitalization is $1.52 billion. The firm’s 50-day moving average is $31.71 and its 200 day moving average is $30.20.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.05. The firm had revenue of $175.80 million for the quarter, compared to analyst estimates of $174.41 million. During the same period in the previous year, the business posted $0.15 EPS. Oil States International’s revenue for the quarter was down 34.7% compared to the same quarter last year. Equities analysts forecast that Oil States International Inc. will post ($0.98) EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in OIS. New York State Common Retirement Fund raised 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 valued at $11,404,000 after buying an additional 3,737 shares during the last quarter. California Public Employees Retirement System raised 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 valued at $4,660,000 after buying an additional 13,000 shares during the last quarter. Rhumbline Advisers raised 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 valued at $3,335,000 after buying an additional 915 shares during the last quarter. Finally, 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 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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