Oil States International, Inc. (NYSE:OIS) saw an uptick in trading volume on Wednesday . 2,126,236 shares changed hands during mid-day trading, an increase of 211% from the previous session’s volume of 683,471 shares.The stock last traded at $24.65 and had previously closed at $23.40.

A number of brokerages recently weighed in on OIS. Deutsche Bank began coverage on shares of Oil States International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price target on the stock. Royal Bank of Canada set a $30.00 price target on shares of Oil States International and gave the company a “hold” rating in a research note on Saturday, October 7th. Cowen set a $24.00 price target on shares of Oil States International and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets decreased their price target on shares of Oil States International from $24.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Oil States International presently has a consensus rating of “Hold” and a consensus price target of $30.18.

The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.02). The business had revenue of $164.00 million during the quarter, compared to analyst estimates of $166.94 million. Oil States International had a negative net margin of 8.77% and a negative return on equity of 4.62%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. analysts predict that Oil States International, Inc. will post -1.09 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in OIS. Riverhead Capital Management LLC raised its holdings in 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 acquiring an additional 2,394 shares during the last quarter. Quantbot Technologies LP raised its holdings in Oil States International by 193.8% in the 3rd quarter. Quantbot Technologies LP now owns 5,326 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 3,513 shares during the last quarter. Winch Advisory Services LLC raised its holdings in 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 acquiring an additional 3,049 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Oil States International by 12.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,361 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 957 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Oil States International by 20.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 1,700 shares during the last quarter.

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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.

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