Kennedy Capital Management LLC Grows Stock Holdings in Oil States International, Inc. $OIS

Kennedy Capital Management LLC grew its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,452,534 shares of the oil and gas company’s stock after purchasing an additional 113,541 shares during the period. Kennedy Capital Management LLC owned approximately 2.43% of Oil States International worth $9,834,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. JB Capital Partners LP purchased a new position in shares of Oil States International during the fourth quarter valued at approximately $575,000. LSV Asset Management lifted its holdings in shares of Oil States International by 22.8% during the fourth quarter. LSV Asset Management now owns 221,600 shares of the oil and gas company’s stock valued at $1,500,000 after purchasing an additional 41,094 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Oil States International by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 38,807 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 19,993 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Oil States International by 20.5% during the third quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock valued at $115,000 after purchasing an additional 3,222 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Stock Up 0.1%

Shares of OIS opened at $8.51 on Monday. The company has a market capitalization of $511.92 million, a P/E ratio of -4.38 and a beta of 1.10. The firm has a 50 day moving average of $9.72 and a 200 day moving average of $9.39. Oil States International, Inc. has a twelve month low of $4.75 and a twelve month high of $14.50.

Oil States International (NYSE:OIS) last posted its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Oil States International had a negative net margin of 17.03% and a positive return on equity of 3.62%. The business had revenue of $145.36 million during the quarter, compared to the consensus estimate of $153.79 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts expect that Oil States International, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Susquehanna reduced their price target on shares of Oil States International from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $14.00 price target on shares of Oil States International in a research report on Monday, February 23rd. Finally, Stifel Nicolaus raised their price target on shares of Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Oil States International currently has an average rating of “Hold” and a consensus target price of $13.33.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.