NEW YORK ( TheStreet) -- Oil States International (NYSE: OIS) hit a new 52-week high Friday as it is currently trading at $87.28, above its previous 52-week high of $87.15 with 79,716 shares traded as of 9:59 a.m. ET. Average volume has been 600,300 shares over the past 30 days.

Oil States International has a market cap of $4.1 billion and is part of the basic materials sector and energy industry. Shares are up 12.8% year to date as of the close of trading on Thursday.

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 14.7, below the average energy industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Oil States International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Oil States International Ratings Report.

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