Russell Investments Group Ltd. Sells 114,386 Shares of Oil States International, Inc. (NYSE:OIS)

Russell Investments Group Ltd. cut its position in Oil States International, Inc. (NYSE:OIS) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,485 shares of the oil and gas company’s stock after selling 114,386 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Oil States International worth $827,000 as of its most recent SEC filing.

Separately, SG Americas Securities LLC grew its position in shares of Oil States International by 21.5% in the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 4,771 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OIS shares. Susquehanna reduced their price target on Oil States International from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, April 14th. StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th.

Oil States International Price Performance

Shares of NYSE:OIS opened at $3.51 on Wednesday. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $217.68 million, a PE ratio of -10.64 and a beta of 2.10. The firm has a 50 day moving average of $4.66 and a 200-day moving average of $4.96. Oil States International, Inc. has a 12 month low of $3.08 and a 12 month high of $5.86.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, February 21st. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The firm had revenue of $164.60 million during the quarter, compared to the consensus estimate of $173.33 million. On average, equities research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Oil States International Company 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.