Oil States International, Inc. (NYSE:OIS)’s share price was down 7.6% during trading on Wednesday . The stock traded as low as $12.29 and last traded at $12.47, approximately 312,943 shares were traded during trading. A decline of 50% from the average daily volume of 631,648 shares. The stock had previously closed at $13.50.

Several equities analysts have commented on OIS shares. Zacks Investment Research lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Raymond James lowered their price target on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 30th. Piper Jaffray Companies set a $16.00 price target on Oil States International and gave the stock a “hold” rating in a research report on Wednesday, June 26th. ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price target on Oil States International to $23.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.62.

The stock has a fifty day moving average price of $15.06. The firm has a market cap of $756.35 million, a P/E ratio of -103.92 and a beta of 2.26. The company has a quick ratio of 1.57, a current ratio of 2.67 and a debt-to-equity ratio of 0.22.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $273.73 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. Oil States International’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, analysts forecast that Oil States International, Inc. will post -0.51 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OIS. Norges Bank bought a new stake in Oil States International in the 4th quarter worth about $10,792,000. SG Americas Securities LLC grew its stake in shares of Oil States International by 269.1% during the 1st quarter. SG Americas Securities LLC now owns 494,160 shares of the oil and gas company’s stock valued at $8,381,000 after purchasing an additional 360,286 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Oil States International during the 1st quarter valued at about $6,046,000. Emerald Advisers LLC bought a new stake in shares of Oil States International during the 2nd quarter valued at about $4,688,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Oil States International during the 2nd quarter valued at about $4,272,000.

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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