MetLife Investment Management LLC Has $129,000 Stock Position in Oil States International, Inc. $OIS

MetLife Investment Management LLC lowered its holdings in Oil States International, Inc. (NYSE:OIS) by 33.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,030 shares of the oil and gas company’s stock after selling 12,651 shares during the quarter. MetLife Investment Management LLC’s holdings in Oil States International were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OIS. BNP Paribas Financial Markets grew its holdings in Oil States International by 18.2% in the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock valued at $306,000 after buying an additional 9,303 shares during the last quarter. Ethic Inc. grew its position in Oil States International by 14.2% during the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company’s stock worth $239,000 after buying an additional 5,864 shares in the last quarter. GAMMA Investing LLC grew its position in Oil States International by 2,343.3% during the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company’s stock worth $155,000 after buying an additional 28,870 shares in the last quarter. New York State Common Retirement Fund grew its position in Oil States International by 944.2% during the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company’s stock worth $50,000 after buying an additional 8,800 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Oil States International by 213.0% during the first quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company’s stock worth $409,000 after buying an additional 54,080 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Stock Performance

NYSE OIS opened at $5.51 on Wednesday. The stock has a fifty day moving average of $5.36 and a 200-day moving average of $4.88. The stock has a market capitalization of $333.85 million, a P/E ratio of 50.10 and a beta of 1.94. Oil States International, Inc. has a 52 week low of $3.08 and a 52 week high of $5.99.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, July 31st. The oil and gas company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $165.41 million during the quarter, compared to analysts’ expectations of $171.50 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. Equities research analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OIS shares. Wall Street Zen downgraded Oil States International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Susquehanna raised their target price on Oil States International from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.25.

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.