Connable Office Inc. Buys Shares of 8,108 Oil States International, Inc. (NYSE:OIS)

Connable Office Inc. bought a new stake in shares of Oil States International, Inc. (NYSE:OIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,108 shares of the oil and gas company’s stock, valued at approximately $220,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its position in Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares during the period. Advantus Capital Management Inc boosted its position in Oil States International by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,577 shares of the oil and gas company’s stock worth $218,000 after buying an additional 192 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Oil States International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the oil and gas company’s stock worth $595,000 after buying an additional 200 shares during the period. Meeder Asset Management Inc. boosted its position in Oil States International by 1.6% in the first quarter. Meeder Asset Management Inc. now owns 19,750 shares of the oil and gas company’s stock worth $655,000 after buying an additional 315 shares during the period. Finally, US Bancorp DE boosted its position in Oil States International by 5.0% in the first quarter. US Bancorp DE now owns 6,605 shares of the oil and gas company’s stock worth $219,000 after buying an additional 317 shares during the period.

Oil States International, Inc. (NYSE OIS) opened at 22.80 on Friday. The company has a 50-day moving average price of $26.18 and a 200-day moving average price of $31.03. The firm’s market cap is $1.17 billion. Oil States International, Inc. has a 1-year low of $22.35 and a 1-year high of $41.75.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.03. The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. Oil States International’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm earned ($0.22) earnings per share. On average, equities research analysts forecast that Oil States International, Inc. will post ($0.97) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://stocknewstimes.com/2017/08/12/connable-office-inc-buys-shares-of-8108-oil-states-international-inc-nyseois.html.

OIS has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price objective on shares of Oil States International from $33.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Cowen and Company reaffirmed a “hold” rating and set a $30.00 price objective on shares of Oil States International in a research report on Tuesday, July 11th. Wells Fargo & Company cut shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Friday, July 7th. Deutsche Bank AG reaffirmed a “hold” rating and set a $35.00 price objective (down from $37.00) on shares of Oil States International in a research report on Tuesday, May 30th. Finally, Morgan Stanley cut shares of Oil States International from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $55.00 to $32.00 in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $35.00.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Want to see what other hedge funds are holding OIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oil States International, Inc. (NYSE:OIS).

Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

Receive News & Ratings for Oil States International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply