GAMMA Investing LLC Buys New Holdings in Oil States International, Inc. (NYSE:OIS)

GAMMA Investing LLC bought a new stake in shares of Oil States International, Inc. (NYSE:OIS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,090 shares of the oil and gas company’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gendell Jeffrey L increased its stake in Oil States International by 6.3% in the 3rd quarter. Gendell Jeffrey L now owns 3,007,167 shares of the oil and gas company’s stock worth $25,170,000 after acquiring an additional 179,186 shares during the last quarter. Kennedy Capital Management LLC increased its stake in Oil States International by 63.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock worth $4,421,000 after acquiring an additional 204,298 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Oil States International in the 4th quarter worth approximately $400,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Oil States International by 19.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,843 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 15,340 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Oil States International during the 3rd quarter valued at approximately $312,000. Institutional investors own 97.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OIS. Stifel Nicolaus cut their target price on Oil States International from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Susquehanna cut their target price on Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, April 29th.

Oil States International Trading Up 0.7 %

OIS opened at $4.32 on Friday. The business has a fifty day moving average of $5.60 and a 200 day moving average of $6.31. Oil States International, Inc. has a 52-week low of $3.95 and a 52-week high of $9.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.83 and a current ratio of 3.31.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. The firm had revenue of $167.26 million during the quarter, compared to analysts’ expectations of $190.08 million. As a group, equities analysts predict that Oil States International, Inc. will post 0.26 EPS for the current fiscal year.

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.