Public Employees Retirement System of Ohio boosted its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,310 shares of the oil and gas company’s stock after purchasing an additional 777 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Oil States International were worth $152,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Mason Street Advisors LLC raised its stake in Oil States International by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock valued at $330,000 after purchasing an additional 802 shares during the period. Piedmont Investment Advisors Inc. increased its stake in Oil States International by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 845 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Oil States International by 3.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock worth $442,000 after acquiring an additional 900 shares during the last quarter. Parallel Advisors LLC bought a new stake in Oil States International in the 2nd quarter worth approximately $35,000. Finally, Riverhead Capital Management LLC increased its stake in Oil States International by 21.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 14,813 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 2,600 shares during the last quarter.
A number of analysts have issued reports on OIS shares. Wells Fargo & Co downgraded Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective on the stock. in a research note on Thursday, September 12th. ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James reduced their price objective on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. Piper Jaffray Companies set a $16.00 price objective on Oil States International and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada reduced their price objective on Oil States International to $23.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.89.
Oil States International (NYSE:OIS) last released its earnings results on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). The company had revenue of $264.70 million for the quarter, compared to the consensus estimate of $273.73 million. Oil States International had a negative net margin of 4.02% and a negative return on equity of 2.29%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. Equities analysts anticipate that Oil States International, Inc. will post -0.55 EPS for the current year.
Oil States International Profile
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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