Oil States International Inc. (NYSE:OIS) fell 3.1% during mid-day trading on Monday . The company traded as low as $31.86 and last traded at $32.02, with a volume of 222,119 shares traded. The stock had previously closed at $33.04.

A number of brokerages recently issued reports on OIS. Deutsche Bank AG increased their target price on shares of Oil States International from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, May 2nd. Royal Bank Of Canada reiterated a “hold” rating on shares of Oil States International in a research report on Saturday, April 30th. Simmons reiterated an “overweight” rating and set a $32.00 target price (down previously from $38.00) on shares of Oil States International in a research report on Sunday, July 31st. Morgan Stanley began coverage on shares of Oil States International in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $40.00 target price for the company. Finally, Howard Weil upgraded shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $34.00 to $45.00 in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. Oil States International currently has an average rating of “Hold” and an average price target of $35.63.

The company has a 50 day moving average of $31.39 and a 200 day moving average of $30.68. The company’s market cap is $1.65 billion.

Oil States International (NYSE:OIS) last issued its earnings results on Tuesday, July 26th. The company reported ($0.22) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.05. The business 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 firm posted $0.15 EPS. The firm’s revenue was down 34.7% compared to the same quarter last year. Analysts anticipate that Oil States International Inc. will post ($0.95) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Oil States International stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Oil States International Inc. (NYSE:OIS) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,300 shares of the company’s stock after buying an additional 7,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of Oil States International worth $1,371,000 as of its most recent SEC filing.

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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