Wedge Capital Management L L P NC grew its stake in shares of Oil States International, Inc. (NYSE:OIS) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 581,157 shares of the oil and gas company’s stock after buying an additional 11,012 shares during the period. Wedge Capital Management L L P NC owned 0.96% of Oil States International worth $7,729,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in OIS. Public Employees Retirement System of Ohio grew its position in shares of Oil States International by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 8,310 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 777 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Oil States International by 3.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock valued at $442,000 after purchasing an additional 900 shares during the period. Neuburgh Advisers LLC grew its position in shares of Oil States International by 20.8% in the second quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock valued at $173,000 after purchasing an additional 1,632 shares during the period. Natixis Advisors L.P. grew its position in shares of Oil States International by 4.0% in the second quarter. Natixis Advisors L.P. now owns 49,554 shares of the oil and gas company’s stock valued at $907,000 after purchasing an additional 1,928 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in shares of Oil States International in the second quarter valued at $35,000.
A number of equities research analysts have recently commented on OIS shares. Morgan Stanley lowered their price objective on Oil States International from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Wells Fargo & Co downgraded Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research report on Thursday, September 12th. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. G.Research reiterated a “buy” rating on shares of Oil States International in a report on Monday, October 28th. Finally, Royal Bank of Canada reduced their target price on Oil States International to $23.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.25.
Shares of Oil States International stock opened at $16.02 on Friday. Oil States International, Inc. has a twelve month low of $11.73 and a twelve month high of $24.00. The stock has a market capitalization of $989.22 million, a P/E ratio of -133.50 and a beta of 2.29. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $13.69 and its 200 day moving average price is $15.49.
Oil States International (NYSE:OIS) last issued its earnings results on Thursday, October 24th. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $263.70 million for the quarter, compared to analysts’ expectations of $266.70 million. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts predict that Oil States International, Inc. will post -0.56 EPS for the current year.
Oil States International Profile
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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