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Upgrade Alert for Oil States International (OIS)

By David Diaz

Oil States International (NYSE:OIS) was upgraded from Equal Weight to Overweight at Morgan Stanley today. The stock closed yesterday at $30.95 on volume of 728,000 shares, below average daily volume of 949,000.

Oil States International share prices have moved between a 52-week high of $47.27 and a 52-week low of $21.44 and closed yesterday at 44% above that low price at $30.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has remained constant.

Oil States International, Inc. provides specialty products and services to oil and gas drilling and production companies. The Company supplies connection technology for offshore oil and gas development and production, distributes tubular goods, and furnishes hydraulic workover and well control services. Oil States also provides remote site accommodations, catering, and logistics.

There is potential upside of 5.8% for shares of Oil States International based on a current price of $30.95 and an average consensus analyst price target of $32.75. The stock should find initial support at its 50-day moving average (MA) of $30.79 and further support at its 200-day MA of $28.85.

SmarTrend is monitoring the recent change of momentum in Oil States International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oil States International in search of a potential trend change.

Keywords: analyst upgrades/downgrades oil states international

Ticker(s): OIS