58,880 Shares in Oil States International, Inc. (NYSE:OIS) Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. bought a new position in shares of Oil States International, Inc. (NYSE:OIS) during the fourth quarter, Holdings Channel.com reports. The fund bought 58,880 shares of the oil and gas company’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gendell Jeffrey L increased its holdings in Oil States International by 6.3% in the 3rd quarter. Gendell Jeffrey L now owns 3,007,167 shares of the oil and gas company’s stock valued at $25,170,000 after buying an additional 179,186 shares during the period. Neuberger Berman Group LLC increased its holdings in Oil States International by 5.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,447,441 shares of the oil and gas company’s stock valued at $9,539,000 after buying an additional 132,278 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Oil States International by 0.6% in the 1st quarter. New York State Common Retirement Fund now owns 1,332,893 shares of the oil and gas company’s stock valued at $11,103,000 after purchasing an additional 7,580 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Oil States International by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,253,429 shares of the oil and gas company’s stock valued at $9,363,000 after purchasing an additional 35,236 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Oil States International by 3.1% in the 3rd quarter. Foundry Partners LLC now owns 956,021 shares of the oil and gas company’s stock valued at $8,002,000 after purchasing an additional 28,762 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Oil States International Stock Performance

Oil States International stock opened at $5.43 on Thursday. The company has a current ratio of 3.10, a quick ratio of 1.82 and a debt-to-equity ratio of 0.19. Oil States International, Inc. has a 1 year low of $5.22 and a 1 year high of $9.02. The company has a market cap of $348.34 million, a PE ratio of 27.13 and a beta of 2.56. The company’s 50-day moving average is $5.88 and its two-hundred day moving average is $6.57.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $208.30 million during the quarter, compared to analysts’ expectations of $216.22 million. Oil States International had a return on equity of 2.20% and a net margin of 1.65%. Oil States International’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. Equities analysts anticipate that Oil States International, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Susquehanna reiterated a “neutral” rating and set a $6.50 price target on shares of Oil States International in a research report on Monday, April 8th.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.