Oil States International Inc. (OIS) Plunges 10.58% on September 17

Equities Staff  |

Oil States International Inc. (OIS) had a rough trading day for Tuesday September 17 as shares tumbled 10.58%, or a loss of $-1.75 per share, to close at $14.79. After opening the day at $16.28, shares of Oil States International Inc. traded as high as $16.37 and as low as $14.55. Volume was 941,063 shares over 8,326 trades, against an average daily volume of 611,769 shares and a total float of 60.51 million.

As a result of the decline, Oil States International Inc. now has a market cap of $894.91 million. In the last year, shares of Oil States International Inc. have traded between a range of $34.66 and $11.73, and its 50-day SMA is currently $14.32 and 200-day SMA is $16.73.

For a complete fundamental analysis of Oil States International Inc., check out Equities.com’s Stock Valuation Analysis report for OIS.

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Oil States International Inc 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 3,926 employees. Its CEO is Cindy B. Taylor.

Oil States International Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Oil States International Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: OIS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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