Morgan Stanley set a $32.00 price objective on Oil States International (NYSE:OIS) in a research note issued to investors on Tuesday morning. The firm currently has a hold rating on the oil and gas company’s stock.

Several other research analysts have also recently weighed in on OIS. ValuEngine cut Oil States International from a buy rating to a hold rating in a report on Friday, October 12th. Zacks Investment Research upgraded Oil States International from a hold rating to a buy rating and set a $39.00 price objective on the stock in a report on Thursday, August 2nd. Credit Suisse Group upped their price objective on Oil States International from $33.00 to $37.00 and gave the company a neutral rating in a report on Tuesday, July 31st. Stifel Nicolaus started coverage on Oil States International in a report on Monday, September 10th. They issued a buy rating and a $40.00 price objective on the stock. Finally, Cowen decreased their price objective on Oil States International from $36.00 to $33.00 and set a market perform rating on the stock in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $32.83.

Shares of Oil States International stock traded down $0.04 on Tuesday, hitting $23.05. 723,222 shares of the company were exchanged, compared to its average volume of 701,772. The stock has a market cap of $1.42 billion, a P/E ratio of -21.75 and a beta of 1.90. Oil States International has a 1-year low of $21.39 and a 1-year high of $38.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.04 and a quick ratio of 1.91.

Oil States International (NYSE:OIS) last issued its earnings results on Monday, October 29th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $274.59 million for the quarter, compared to analysts’ expectations of $274.97 million. Oil States International had a negative return on equity of 0.44% and a negative net margin of 4.28%. The business’s revenue for the quarter was up 67.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.30) EPS. As a group, research analysts expect that Oil States International will post -0.06 EPS for the current fiscal year.

In other Oil States International news, VP Brian E. Taylor sold 2,380 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $34.05, for a total value of $81,039.00. Following the sale, the vice president now owns 17,082 shares of the company’s stock, valued at $581,642.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.97% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC raised its position in Oil States International by 2.7% in the third quarter. Aperio Group LLC now owns 72,748 shares of the oil and gas company’s stock valued at $2,415,000 after purchasing an additional 1,903 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Oil States International by 11.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock valued at $626,000 after purchasing an additional 1,985 shares during the period. Alps Advisors Inc. raised its position in Oil States International by 10.9% in the second quarter. Alps Advisors Inc. now owns 25,234 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 2,478 shares during the period. MetLife Investment Advisors LLC raised its position in Oil States International by 12.5% in the second quarter. MetLife Investment Advisors LLC now owns 27,605 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 3,060 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Oil States International by 27.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,183 shares of the oil and gas company’s stock valued at $570,000 after purchasing an additional 3,700 shares during the period.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Analyst Recommendations for Oil States International (NYSE:OIS)

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