Public Employees Retirement System of Ohio Raises Holdings in Oil States International, Inc. $OIS

Public Employees Retirement System of Ohio grew its position in Oil States International, Inc. (NYSE:OIS) by 187.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,716 shares of the oil and gas company’s stock after buying an additional 11,545 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Oil States International were worth $95,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in OIS. GAMMA Investing LLC lifted its holdings in shares of Oil States International by 374.4% in the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock worth $30,000 after buying an additional 4,613 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Oil States International by 944.2% in the first 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 purchasing an additional 8,800 shares during the period. Strs Ohio acquired a new position in shares of Oil States International in the first quarter valued at about $266,000. Jump Financial LLC acquired a new stake in Oil States International during the first quarter worth about $286,000. Finally, Quantbot Technologies LP grew its holdings 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 acquiring an additional 54,080 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OIS has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Oil States International in a research report on Saturday, September 27th. 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 note on Tuesday, July 1st. Finally, Wall Street Zen cut Oil States International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.25.

Oil States International Trading Down 1.3%

NYSE OIS opened at $6.22 on Wednesday. The business’s 50 day moving average is $5.54 and its two-hundred day moving average is $5.00. The stock has a market capitalization of $376.57 million, a price-to-earnings ratio of 56.51 and a beta of 1.82. Oil States International, Inc. has a 12-month low of $3.08 and a 12-month high of $6.47.

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