Oil States International, Inc. (NYSE:OIS) had its target price cut by investment analysts at BMO Capital Markets from $27.00 to $24.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “market perform” rating on the oil and gas company’s stock. BMO Capital Markets’ target price would suggest a potential downside of 4.00% from the stock’s current price.

A number of other brokerages have also issued reports on OIS. BidaskClub raised shares of Oil States International from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Deutsche Bank AG reissued a “hold” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Oil States International in a report on Tuesday, May 30th. Wolfe Research lowered shares of Oil States International from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 6th. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Loop Capital reissued a “buy” rating on shares of Oil States International in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Oil States International presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Oil States International (OIS) traded down 1.20% during midday trading on Friday, hitting $24.70. 641,208 shares of the stock traded hands. Oil States International has a 52-week low of $23.35 and a 52-week high of $41.75. The firm’s market cap is $1.26 billion. The stock has a 50-day moving average of $27.07 and a 200 day moving average of $31.74.

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

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. boosted its position in 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 worth $1,547,000 after buying an additional 5,793 shares during the last quarter. Ameriprise Financial Inc. boosted its position in 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 worth $4,710,000 after buying an additional 7,224 shares during the last quarter. Karp Capital Management Corp bought a new position in Oil States International during the first quarter worth approximately $1,289,000. Meadow Creek Investment Management LLC boosted its position in 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 worth $115,000 after buying an additional 102 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in 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 worth $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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