Ethic Inc. Has $82,000 Position in Oil States International, Inc. $OIS

Ethic Inc. trimmed its position in Oil States International, Inc. (NYSE:OIS) by 67.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,001 shares of the oil and gas company’s stock after selling 30,625 shares during the quarter. Ethic Inc.’s holdings in Oil States International were worth $82,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake 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 valued at $30,000 after buying an additional 4,613 shares in the last quarter. Strs Ohio acquired a new position in shares of Oil States International in the 1st quarter worth approximately $266,000. Jump Financial LLC bought a new stake in shares of Oil States International during the first quarter worth $286,000. 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 worth $50,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Oil States International by 187.1% in the second quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 11,545 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Price Performance

OIS opened at $5.96 on Friday. The company has a market capitalization of $360.81 million, a price-to-earnings ratio of 54.14 and a beta of 1.82. The business’s 50-day moving average price is $5.96 and its two-hundred day moving average price is $5.23. Oil States International, Inc. has a 1 year low of $3.08 and a 1 year high of $6.88.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The firm had revenue of $165.18 million for the quarter, compared to analyst estimates of $169.01 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OIS. Wall Street Zen cut Oil States International from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Oil States International has a consensus rating of “Hold” and an average target price of $5.50.

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.