Oil States International, Inc. (NYSE:OIS) has been given a $30.00 price objective by investment analysts at Royal Bank Of Canada in a report issued on Saturday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.58% from the company’s previous close.

Several other brokerages have also weighed in on OIS. BidaskClub raised Oil States International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Loop Capital reissued a “buy” rating on shares of Oil States International in a research report on Monday, July 3rd. Wells Fargo & Company began coverage on Oil States International in a research report on Friday, June 16th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Morgan Stanley lowered Oil States International from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $55.00 to $32.00 in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Oil States International presently has an average rating of “Hold” and an average target price of $32.27.

Shares of Oil States International (NYSE:OIS) opened at 25.30 on Friday. Oil States International has a 52 week low of $20.90 and a 52 week high of $41.75. The stock’s 50 day moving average price is $23.68 and its 200-day moving average price is $27.35. The stock’s market cap is $1.29 billion.

Oil States International (NYSE:OIS) last issued its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share 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 business had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. During the same period last year, the business posted ($0.22) EPS. Oil States International’s revenue was down 2.5% on a year-over-year basis. Equities analysts anticipate that Oil States International will post ($0.97) earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC grew its stake in shares of Oil States International by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 612 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Oil States International by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,894 shares of the oil and gas company’s stock valued at $133,000 after purchasing an additional 2,394 shares during the last quarter. Winch Advisory Services LLC grew its stake in shares of Oil States International by 113.1% in the 2nd quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 3,049 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of Oil States International in the 2nd quarter valued at approximately $159,000. Finally, OppenheimerFunds Inc. purchased a new position in shares of Oil States International in the 1st quarter valued at approximately $211,000.

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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