Oil States International, Inc. $OIS Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP trimmed its position in Oil States International, Inc. (NYSE:OIS) by 75.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,772 shares of the oil and gas company’s stock after selling 75,118 shares during the period. Susquehanna International Group LLP’s holdings in Oil States International were worth $198,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. USA Financial Formulas bought a new stake in shares of Oil States International in the 1st quarter worth $50,000. EverSource Wealth Advisors LLC raised its position in Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 4,740 shares in the last quarter. Entropy Technologies LP acquired a new stake in Oil States International in the 1st quarter valued at about $119,000. BNP Paribas Financial Markets lifted its holdings in Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after acquiring an additional 5,779 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Oil States International by 19.5% during the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Oil States International Price Performance

Shares of OIS opened at $8.96 on Thursday. The business’s 50-day moving average is $8.39 and its 200-day moving average is $9.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 1.29. The company has a market capitalization of $540.61 million, a price-to-earnings ratio of -4.74 and a beta of 1.12. Oil States International, Inc. has a fifty-two week low of $5.37 and a fifty-two week high of $14.50.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The company had revenue of $255.41 million during the quarter, compared to the consensus estimate of $158.02 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts expect that Oil States International, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on OIS. Raymond James Financial cut their target price on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Susquehanna cut their price objective on Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings lowered Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Wall Street Zen cut Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Stifel Nicolaus reduced their target price on Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.33.

About Oil States International

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.