Oil States International, Inc. (NYSE:OIS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 374.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,845 shares of the oil and gas company’s stock after purchasing an additional 4,613 shares during the period. GAMMA Investing LLC’s holdings in Oil States International were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OIS. Ethic Inc. boosted its holdings in shares of Oil States International by 14.2% in the 4th quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company’s stock valued at $239,000 after purchasing an additional 5,864 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Oil States International by 18.2% during the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 9,303 shares during the period. MetLife Investment Management LLC grew its holdings in Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 17,019 shares during the period. Marshall Wace LLP purchased a new position in Oil States International in the 4th quarter worth about $97,000. Finally, Quantbot Technologies LP purchased a new position in shares of Oil States International during the fourth quarter valued at $128,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Oil States International Stock Performance

Shares of Oil States International stock opened at $5.66 on Friday. The firm has a fifty day moving average of $4.95 and a two-hundred day moving average of $4.87. The stock has a market capitalization of $350.18 million, a price-to-earnings ratio of 70.76 and a beta of 1.82. Oil States International, Inc. has a 52 week low of $3.08 and a 52 week high of $5.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 3.42.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Thursday, May 1st. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $159.94 million during the quarter, compared to the consensus estimate of $164.08 million. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, equities research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Oil States International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Susquehanna lifted their price target on Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Tuesday, July 1st.

About Oil States International

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.