Oberweis Asset Management Inc. lowered its holdings in Oil States International, Inc. (NYSE:OIS) by 11.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,750 shares of the oil and gas company’s stock after selling 2,300 shares during the quarter. Oberweis Asset Management Inc.’s holdings in Oil States International were worth $253,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OIS. Loomis Sayles & Co. L P lifted its holdings in Oil States International by 62.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 779,018 shares of the oil and gas company’s stock worth $25,863,000 after buying an additional 300,194 shares during the period. Van ECK Associates Corp lifted its holdings in Oil States International by 56.5% in the 4th quarter. Van ECK Associates Corp now owns 771,202 shares of the oil and gas company’s stock worth $11,013,000 after buying an additional 278,329 shares during the period. Walthausen & Co. LLC purchased a new stake in Oil States International in the 3rd quarter worth approximately $6,416,000. Wedge Capital Management L L P NC lifted its holdings in Oil States International by 28.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 560,783 shares of the oil and gas company’s stock worth $8,008,000 after buying an additional 124,764 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its holdings in Oil States International by 64.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 286,713 shares of the oil and gas company’s stock worth $4,094,000 after buying an additional 112,609 shares during the period.
In other news, VP Philip Scott Moses sold 6,583 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $18.51, for a total value of $121,851.33. Following the completion of the transaction, the vice president now owns 124,432 shares of the company’s stock, valued at approximately $2,303,236.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.87% of the stock is currently owned by corporate insiders.
Shares of NYSE:OIS opened at $15.64 on Friday. Oil States International, Inc. has a 52-week low of $13.20 and a 52-week high of $38.95. The company has a market capitalization of $976.47 million, a PE ratio of -130.33 and a beta of 2.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.95 and a quick ratio of 1.79.
Oil States International (NYSE:OIS) last announced its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Oil States International had a negative return on equity of 0.58% and a negative net margin of 1.76%. The firm had revenue of $274.12 million during the quarter, compared to the consensus estimate of $260.00 million. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s revenue was up 49.2% on a year-over-year basis. Equities research analysts forecast that Oil States International, Inc. will post -0.43 EPS for the current year.
Several research firms have weighed in on OIS. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. SunTrust Banks reissued a “buy” rating and issued a $28.00 target price on shares of Oil States International in a research report on Wednesday, February 20th. Royal Bank of Canada set a $44.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Thursday, December 20th. Finally, ValuEngine lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.60.
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 through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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