Oil States International Inc. (NYSE:OIS) fell 2.8% during trading on Thursday . The stock traded as low as $30.06 and last traded at $30.14, with a volume of 350,003 shares. The stock had previously closed at $31.02.

A number of research analysts have recently issued reports on the company. Simmons reaffirmed an “overweight” rating and set a $32.00 price target (down from $38.00) on shares of Oil States International in a report on Sunday, July 31st. Morgan Stanley assumed coverage on Oil States International in a report on Wednesday, August 10th. They set an “equal weight” rating and a $40.00 price target on the stock. Howard Weil raised Oil States International from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $34.00 to $45.00 in a report on Wednesday, June 22nd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $33.00 price target on shares of Oil States International in a report on Thursday, June 2nd. Finally, Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.06.

The stock has a 50 day moving average of $31.39 and a 200-day moving average of $31.18. The firm’s market capitalization is $1.57 billion.

Oil States International (NYSE:OIS) last announced its earnings results 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 business had revenue of $175.80 million for the quarter, compared to analysts’ expectations of $174.41 million. The firm’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities analysts forecast that Oil States International Inc. will post ($0.95) EPS for the current fiscal year.

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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