Oil States International Inc. (OIS) Plunges 8.68%

Oil States International Inc. (OIS) Plunges 8.68%

Oil States International Inc. is a Oil States International is a manufacturer and service provider of oilfield products and services used by oil and natural gas companies, drilling companies, and other oilfield-services companies.

Oil States International Inc. (OIS) had a rough trading day for Thursday March 18 as shares tumbled 8.68%, or a loss of $-0.62 per share, to close at $6.52. After opening the day at $7.17, shares of Oil States International Inc. traded as high as $7.19 and as low as $6.50. Volume was 2.38 million shares over 13,915 trades, against an average daily volume of n/a shares and a total float of 61.04 million.

As a result of the decline, Oil States International Inc. now has a market cap of $398 million. In the last year, shares of Oil States International Inc. have traded between a range of $9.49 and $1.52, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Oil States International is a manufacturer and service provider of oilfield products and services used by oil and natural gas companies, drilling companies, and other oilfield-services companies. The company’s product portfolio includes capital equipment manufactured for drilling, oil well construction, and production of oil and natural gas. The operating segments of the company are well-site services, offshore/manufactured products, and downhole technologies. The vast majority of the company’s revenue is generated by the well-site services and offshore/manufactured products segments, and more than half of the revenue is earned in the United States.

Oil States International Inc. is based out of Houston, TX and has some 2,338 employees. Its CEO is Cindy B. Taylor.

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