Shares of Oil States International Inc. (NYSE:OIS) dropped 2.5% during trading on Friday . The company traded as low as $30.91 and last traded at $30.91, with a volume of 264,485 shares. The stock had previously closed at $31.69.

OIS has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Oil States International from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Friday, April 29th. Deutsche Bank AG boosted their target price on Oil States International from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, May 2nd. Credit Suisse Group AG reiterated a “hold” rating and set a $33.00 target price on shares of Oil States International in a research report on Thursday, June 2nd. Howard Weil upgraded Oil States International from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $34.00 to $45.00 in a research report on Wednesday, June 22nd. Finally, Simmons boosted their target price on Oil States International from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.63.

The company has a 50 day moving average of $31.22 and a 200 day moving average of $30.47. The stock’s market capitalization is $1.60 billion.

Oil States International (NYSE:OIS) last issued its earnings results on Tuesday, July 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.05. The company earned $175.80 million during the quarter, compared to analyst estimates of $174.41 million. The business’s revenue was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Equities research analysts anticipate that Oil States International Inc. will post ($0.95) EPS for the current fiscal year.

An institutional investor recently raised its position in Oil States International stock. California Public Employees Retirement System increased its position in Oil States International Inc. (NYSE:OIS) by 8.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 171,000 shares of the company’s stock after buying an additional 13,000 shares during the period. California Public Employees Retirement System owned about 0.34% of Oil States International worth $4,660,000 at the end of the most recent 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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