ValuEngine lowered shares of Oil States International (NYSE:OIS) from a buy rating to a hold rating in a report published on Friday.

OIS has been the topic of a number of other reports. Stifel Nicolaus assumed coverage on shares of Oil States International in a research note on Monday, September 10th. They set a buy rating and a $40.00 price target on the stock. Susquehanna Bancshares set a $35.00 price target on shares of Oil States International and gave the stock a hold rating in a research note on Tuesday, July 31st. Cowen lowered their price target on shares of Oil States International from $36.00 to $33.00 and set a market perform rating on the stock in a research note on Tuesday, July 31st. Credit Suisse Group upped their price target on shares of Oil States International from $33.00 to $37.00 and gave the stock a neutral rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research cut shares of Oil States International from a buy rating to a hold rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.38.

OIS traded up $0.10 during trading on Friday, hitting $29.46. The stock had a trading volume of 623,422 shares, compared to its average volume of 757,030. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.39 and a current ratio of 3.83. The stock has a market capitalization of $1.99 billion, a P/E ratio of -27.79, a P/E/G ratio of 13.66 and a beta of 1.59. Oil States International has a twelve month low of $20.23 and a twelve month high of $38.95.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $285.90 million for the quarter, compared to analysts’ expectations of $289.39 million. Oil States International had a negative net margin of 6.05% and a negative return on equity of 1.59%. Oil States International’s revenue was up 66.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) EPS. Sell-side analysts predict that Oil States International will post 0.12 EPS for the current year.

In related news, VP Brian E. Taylor sold 2,380 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $34.05, for a total value of $81,039.00. Following the sale, the vice president now directly owns 17,082 shares of the company’s stock, valued at approximately $581,642.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.87% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of OIS. Northern Trust Corp lifted its holdings in shares of Oil States International by 2.5% during the 1st quarter. Northern Trust Corp now owns 1,045,795 shares of the oil and gas company’s stock worth $27,400,000 after acquiring an additional 25,212 shares during the period. BlackRock Inc. lifted its holdings in shares of Oil States International by 11.3% during the 1st quarter. BlackRock Inc. now owns 7,630,892 shares of the oil and gas company’s stock worth $199,930,000 after acquiring an additional 777,021 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Oil States International by 77.0% during the 1st quarter. JPMorgan Chase & Co. now owns 77,993 shares of the oil and gas company’s stock worth $2,043,000 after acquiring an additional 33,924 shares during the period. Great West Life Assurance Co. Can increased its position in Oil States International by 15.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 78,802 shares of the oil and gas company’s stock worth $2,061,000 after purchasing an additional 10,694 shares in the last quarter. Finally, Sei Investments Co. increased its position in Oil States International by 51.7% during the 1st quarter. Sei Investments Co. now owns 5,496 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 1,873 shares in the last quarter.

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 through 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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