NEW YORK ( TheStreet) -- Oil States International (NYSE: OIS) hit a new 52-week high Thursday as it is currently trading at $83.31, above its previous 52-week high of $83.13 with 11,882 shares traded as of 9:36 a.m. ET. Average volume has been 931,400 shares over the past 30 days.

Oil States International has a market cap of $4.2 billion and is part of the basic materials sector and energy industry. Shares are up 27.9% year to date as of the close of trading on Wednesday.

Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. The company has a P/E ratio of 23, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Oil States International as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Oil States International Ratings Report.

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