Strs Ohio Invests $266,000 in Oil States International, Inc. $OIS

Strs Ohio purchased a new stake in shares of Oil States International, Inc. (NYSE:OIS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,700 shares of the oil and gas company’s stock, valued at approximately $266,000. Strs Ohio owned about 0.08% of Oil States International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jump Financial LLC purchased a new stake in shares of Oil States International in the 1st quarter worth about $286,000. Quantbot Technologies LP increased its holdings in Oil States International by 213.0% in the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company’s stock worth $409,000 after acquiring an additional 54,080 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Oil States International by 944.2% during the 1st quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 8,800 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Oil States International by 374.4% during the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 4,613 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Oil States International by 18.2% in the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock worth $306,000 after buying an additional 9,303 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OIS shares. Susquehanna lifted 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. Wall Street Zen downgraded Oil States International from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.25.

Oil States International Trading Up 0.9%

OIS opened at $6.11 on Thursday. The firm has a market cap of $369.90 million, a price-to-earnings ratio of 55.51 and a beta of 1.94. The stock’s 50-day moving average price is $5.43 and its 200 day moving average price is $4.93. Oil States International, Inc. has a 12-month low of $3.08 and a 12-month high of $6.39.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The company had revenue of $165.41 million for the quarter, compared to analyst estimates of $171.50 million. During the same quarter last year, the company earned $0.07 EPS. Oil States International’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, research analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current 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.