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NEW YORK ( TheStreet) -- Oil States International (NYSE: OIS) hit a new 52-week high Wednesday as it is currently trading at $84.57, above its previous 52-week high of $84.51 with 313,994 shares traded as of 2:16 p.m. ET. Average volume has been 753,800 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 31% year to date as of the close of trading on Tuesday. 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.