Oil States International Inc. (OIS) Plunges 5.05% on January 23

Oil States International Inc. (OIS) Plunges 5.05% on January 23

Oil States International Inc. (OIS) had a rough trading day for Wednesday January 23 as shares tumbled 5.05%, or a loss of $-0.87 per share, to close at $16.37. After opening the day at $17.15, shares of Oil States International Inc. traded as high as $17.44 and as low as $16.31. Volume was 537,817 shares over 5,224 trades, against an average daily volume of 639,233 shares and a total float of 59.98 million.

As a result of the decline, Oil States International Inc. now has a market cap of $981.86 million. In the last year, shares of Oil States International Inc. have traded between a range of $38.95 and $13.20, and its 50-day SMA is currently $19.08 and 200-day SMA is $29.04.

Oil States International is a global provider of specialty products and services to oil and natural gas companies. The company operates through two main segments: Offshore Products and Well Site Services. Offshore products compose a majority of Oil States International’s revenue. Under this segment, the company aims to design and manufacture low cost and technologically advanced products for offshore customers. Advanced technologies from the company include flex-element technology, advanced connector systems, high-pressure riser systems, compact valves, and other options catered to deepwater regions. In addition, the company caters largely to North American exploration and production firms through the completion and land drilling services it offers under its well site services arm.

Oil States International Inc. is based out of Houston, TX and has some 3,077 employees. Its CEO is Cindy B. Taylor.

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