Oil States International, Inc. (NYSE:OIS) shares traded up 5.3% on Thursday . The company traded as high as $25.15 and last traded at $24.65. 2,126,200 shares traded hands during mid-day trading, an increase of 211% from the average session volume of 683,471 shares. The stock had previously closed at $23.40.

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co cut their price objective on Oil States International from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Loop Capital set a $33.00 price objective on Oil States International and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank assumed coverage on Oil States International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price objective on the stock. Finally, Royal Bank of Canada set a $28.00 price objective on Oil States International and gave the company a “hold” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Oil States International presently has an average rating of “Hold” and an average price target of $30.18.

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of OIS. Canada Pension Plan Investment Board increased its position in Oil States International by 16.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 89,400 shares of the oil and gas company’s stock worth $2,427,000 after buying an additional 12,600 shares during the period. Arizona State Retirement System increased its position in Oil States International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock worth $592,000 after buying an additional 400 shares during the period. SG Americas Securities LLC increased its position in Oil States International by 9.4% in the 2nd quarter. SG Americas Securities LLC now owns 24,995 shares of the oil and gas company’s stock worth $679,000 after buying an additional 2,144 shares during the period. Nikko Asset Management Americas Inc. increased its position in shares of Oil States International by 22.9% during the second quarter. Nikko Asset Management Americas Inc. now owns 387,400 shares of the oil and gas company’s stock valued at $10,518,000 after purchasing an additional 72,100 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Oil States International by 20.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 1,700 shares during the period.

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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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