Kennedy Capital Management LLC boosted its stake in Oil States International, Inc. (NYSE:OIS – Free Report) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,452,534 shares of the oil and gas company’s stock after acquiring an additional 113,541 shares during the period. Kennedy Capital Management LLC’s holdings in Oil States International were worth $9,834,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. JB Capital Partners LP bought a new stake in Oil States International in the 4th quarter worth approximately $575,000. LSV Asset Management boosted its stake in shares of Oil States International by 22.8% during the 4th quarter. LSV Asset Management now owns 221,600 shares of the oil and gas company’s stock worth $1,500,000 after acquiring an additional 41,094 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Oil States International by 106.3% during the 4th quarter. SG Americas Securities LLC now owns 38,807 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 19,993 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Oil States International by 20.5% during the 3rd quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock worth $115,000 after acquiring an additional 3,222 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Oil States International by 98.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and set a $14.00 price target on shares of Oil States International in a research note on Monday, February 23rd. Finally, Susquehanna lowered their target price on shares of Oil States International from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oil States International has a consensus rating of “Hold” and an average price target of $13.33.
Oil States International Stock Performance
OIS opened at $8.51 on Monday. Oil States International, Inc. has a fifty-two week low of $4.75 and a fifty-two week high of $14.50. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $9.39. The stock has a market cap of $511.92 million, a price-to-earnings ratio of -4.38 and a beta of 1.10.
Oil States International (NYSE:OIS – Get Free Report) last released its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Oil States International had a negative net margin of 17.03% and a positive return on equity of 3.62%. The company had revenue of $145.36 million for the quarter, compared to analysts’ expectations of $153.79 million. During the same quarter in the previous year, the company earned $0.06 EPS. Oil States International’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts predict that Oil States International, Inc. will post 0.55 earnings per share for the current year.
Oil States International Profile
Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.
In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.
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