Geode Capital Management LLC boosted its stake in Oil States International, Inc. (NYSE:OIS) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 403,234 shares of the oil and gas company’s stock after buying an additional 27,159 shares during the period. Geode Capital Management LLC owned 0.78% of Oil States International worth $13,367,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meadow Creek Investment Management LLC boosted its position in shares of 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 valued at $115,000 after buying an additional 102 shares during the period. Advantus Capital Management Inc boosted its position in shares of 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 valued at $218,000 after buying an additional 192 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of 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 valued at $595,000 after buying an additional 200 shares during the period. Meeder Asset Management Inc. boosted its position in shares of 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 valued at $655,000 after buying an additional 315 shares during the period. Finally, US Bancorp DE boosted its position in shares of 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 valued at $219,000 after buying an additional 317 shares during the period.
Oil States International, Inc. (OIS) traded up 1.19% on Friday, hitting $21.25. The company had a trading volume of 1,242,800 shares. The firm has a 50-day moving average price of $25.75 and a 200-day moving average price of $30.51. Oil States International, Inc. has a 12-month low of $20.90 and a 12-month high of $41.75. The firm’s market capitalization is $1.09 billion.
Oil States International (NYSE:OIS) last released its earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.03. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The business had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. During the same period in the prior year, the business earned ($0.22) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Oil States International, Inc. will post ($0.97) earnings per share for the current fiscal year.
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Several brokerages recently commented on OIS. Morgan Stanley cut Oil States International from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $55.00 to $32.00 in a research report on Wednesday, June 21st. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub cut Oil States International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. BMO Capital Markets reaffirmed a “hold” rating on shares of Oil States International in a research report on Thursday, June 22nd. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $30.00 target price on shares of Oil States International in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Oil States International has an average rating of “Hold” and a consensus price target of $35.00.
About Oil States International
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.
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