Shares of Oil States International, Inc. (NYSE:OIS) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.38.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Co downgraded shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a research note on Thursday, September 12th. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Raymond James lowered their price objective on shares of Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada lowered their price objective on shares of Oil States International to $23.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. Finally, Morgan Stanley lowered their price objective on shares of Oil States International from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday.

Shares of Oil States International stock traded down $0.19 during midday trading on Wednesday, hitting $12.26. The company had a trading volume of 155,995 shares, compared to its average volume of 618,870. The business’s 50 day simple moving average is $13.90 and its two-hundred day simple moving average is $15.99. The stock has a market cap of $790.26 million, a PE ratio of -102.17 and a beta of 2.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.67 and a quick ratio of 1.57. Oil States International has a 1-year low of $11.73 and a 1-year high of $33.94.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $264.70 million during the quarter, compared to analyst estimates of $273.73 million. Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. On average, sell-side analysts expect that Oil States International will post -0.55 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Earnest Partners LLC lifted its position in Oil States International by 0.7% in the second quarter. Earnest Partners LLC now owns 2,079,679 shares of the oil and gas company’s stock worth $38,058,000 after purchasing an additional 14,123 shares during the period. Parametric Portfolio Associates LLC lifted its position in Oil States International by 17.9% in the second quarter. Parametric Portfolio Associates LLC now owns 267,935 shares of the oil and gas company’s stock worth $4,903,000 after purchasing an additional 40,585 shares during the period. Meadow Creek Investment Management LLC lifted its position in Oil States International by 20.8% in the second quarter. Meadow Creek Investment Management LLC now owns 20,128 shares of the oil and gas company’s stock worth $368,000 after purchasing an additional 3,468 shares during the period. Glen Harbor Capital Management LLC lifted its position in Oil States International by 20.8% in the second quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock worth $238,000 after purchasing an additional 2,244 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in Oil States International by 63.3% in the second quarter. Commonwealth Bank of Australia now owns 16,000 shares of the oil and gas company’s stock worth $292,000 after purchasing an additional 6,200 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 in 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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