New York State Teachers Retirement System Trims Stock Position in Oil States International, Inc. (NYSE:OIS)

New York State Teachers Retirement System reduced its stake in shares of Oil States International, Inc. (NYSE:OIS) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,982 shares of the oil and gas company’s stock after selling 6,743 shares during the quarter. New York State Teachers Retirement System’s holdings in Oil States International were worth $692,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OIS. Bank of New York Mellon Corp increased its position in Oil States International by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 641,078 shares of the oil and gas company’s stock valued at $4,456,000 after purchasing an additional 17,123 shares during the period. MetLife Investment Management LLC increased its position in Oil States International by 23.8% during the 1st quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 5,864 shares during the period. Rhumbline Advisers grew its position in shares of Oil States International by 2.9% in the 1st quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock worth $1,421,000 after buying an additional 5,849 shares during the period. Yousif Capital Management LLC grew its position in shares of Oil States International by 3.6% in the 1st quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock worth $403,000 after buying an additional 2,010 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Oil States International by 249.3% in the 1st quarter. Quantbot Technologies LP now owns 77,522 shares of the oil and gas company’s stock worth $538,000 after buying an additional 55,327 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Oil States International Price Performance

OIS opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.82 and a current ratio of 3.10. The stock has a market capitalization of $348.66 million, a P/E ratio of 27.15 and a beta of 2.56. The company’s 50-day simple moving average is $5.87 and its two-hundred day simple moving average is $6.56. Oil States International, Inc. has a 52-week low of $5.22 and a 52-week high of $9.02.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Oil States International had a net margin of 1.65% and a return on equity of 2.20%. The firm had revenue of $208.30 million for the quarter, compared to analysts’ expectations of $216.22 million. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that Oil States International, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Susquehanna reaffirmed a “neutral” rating and issued a $6.50 target price on shares of Oil States International in a research report on Monday, April 8th.

Oil States International Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.