Oil States International, Inc. (NYSE:OIS) traded down 6.6% on Wednesday . The stock traded as low as $15.79 and last traded at $15.85. 803,075 shares were traded during trading, an increase of 34% from the average session volume of 599,853 shares. The stock had previously closed at $16.97.

Several equities research analysts recently weighed in on the company. Raymond James upgraded Oil States International from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $26.00 to $27.00 in a report on Wednesday, March 27th. They noted that the move was a valuation call. SunTrust Banks restated a “buy” rating and set a $28.00 target price on shares of Oil States International in a report on Wednesday, February 20th. Wells Fargo & Co upgraded Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 target price for the company in a report on Friday, March 29th. Zacks Investment Research upgraded Oil States International from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, May 29th. Finally, Cowen restated a “market perform” rating and set a $21.00 target price (up from $18.00) on shares of Oil States International in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.12.

The stock has a market cap of $1.00 billion, a P/E ratio of -132.08 and a beta of 2.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.83 and a quick ratio of 1.68.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.05. The business had revenue of $250.60 million during the quarter, compared to analyst estimates of $245.20 million. Oil States International had a negative return on equity of 1.48% and a negative net margin of 2.79%. Oil States International’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) EPS. Equities analysts predict that Oil States International, Inc. will post -0.34 earnings per share for the current year.

In other Oil States International news, VP Christopher E. Cragg sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $20.43, for a total transaction of $61,290.00. Following the completion of the transaction, the vice president now owns 203,612 shares of the company’s stock, valued at approximately $4,159,793.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mason Street Advisors LLC raised its position in Oil States International by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock valued at $330,000 after purchasing an additional 802 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Oil States International by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 845 shares in the last quarter. Arizona State Retirement System raised its position in shares of Oil States International by 1.0% in the 1st quarter. Arizona State Retirement System now owns 93,326 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 959 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Oil States International by 0.4% in the 4th quarter. Eagle Asset Management Inc. now owns 285,222 shares of the oil and gas company’s stock worth $4,072,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its position in shares of Oil States International by 50.3% in the 4th quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 2,624 shares in the last quarter.

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About Oil States International (NYSE:OIS)

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 in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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