BidaskClub downgraded shares of Oil States International, Inc. (NYSE:OIS) from a sell rating to a strong sell rating in a research note published on Thursday morning.

Several other research analysts have also recently commented on OIS. Scotiabank set a $41.00 target price on shares of Oil States International and gave the stock a buy rating in a report on Tuesday, August 1st. Cowen and Company reduced their price target on shares of Oil States International from $30.00 to $24.00 and set a market perform rating for the company in a research report on Tuesday, August 1st. Loop Capital reduced their price target on shares of Oil States International from $44.00 to $34.00 and set a buy rating for the company in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Oil States International from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Finally, Guggenheim lowered shares of Oil States International from a buy rating to a neutral rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Oil States International currently has a consensus rating of Hold and a consensus target price of $35.00.

Oil States International (OIS) traded down 1.40% during trading on Thursday, hitting $24.65. 538,278 shares of the stock were exchanged. Oil States International has a 12-month low of $23.35 and a 12-month high of $41.75. The firm’s market cap is $1.26 billion. The stock’s 50-day moving average price is $27.07 and its 200-day moving average price is $31.74.

Oil States International (NYSE:OIS) last announced its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.03. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The firm had revenue of $171.40 million during the quarter, compared to analyst estimates of $176.08 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Oil States International will post ($0.96) EPS for the current year.

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A number of institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. raised its position in shares of Oil States International by 14.2% in the first quarter. Eagle Asset Management Inc. now owns 46,685 shares of the oil and gas company’s stock valued at $1,547,000 after buying an additional 5,793 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Oil States International by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 142,096 shares of the oil and gas company’s stock valued at $4,710,000 after buying an additional 7,224 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Oil States International during the first quarter valued at $1,289,000. Meadow Creek Investment Management LLC raised its position in shares of Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 102 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Oil States International by 3.8% in the first quarter. UBS Asset Management Americas Inc. now owns 34,434 shares of the oil and gas company’s stock valued at $1,141,000 after buying an additional 1,246 shares during the last quarter.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Analyst Recommendations for Oil States International (NYSE:OIS)

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