GAMMA Investing LLC Makes New Investment in Oil States International, Inc. (NYSE:OIS)

GAMMA Investing LLC acquired a new position in shares of Oil States International, Inc. (NYSE:OIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,090 shares of the oil and gas company’s stock, valued at approximately $35,000.

A number of other hedge funds have also recently bought and sold shares of OIS. Gendell Jeffrey L boosted its holdings in shares of 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 worth $25,170,000 after buying an additional 179,186 shares during the last quarter. Foundry Partners LLC boosted its holdings 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 worth $8,002,000 after buying an additional 28,762 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of Oil States International by 63.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock worth $4,421,000 after buying an additional 204,298 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Oil States International in the 4th quarter worth about $769,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Oil States International by 5.2% in the 3rd quarter. New York State Teachers Retirement System now owns 108,725 shares of the oil and gas company’s stock worth $910,000 after buying an additional 5,343 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OIS. Susquehanna cut their price target on shares of Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a report on Monday, April 29th. Stifel Nicolaus dropped their price objective on shares of Oil States International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th.

Oil States International Price Performance

NYSE OIS opened at $4.32 on Friday. Oil States International, Inc. has a 52 week low of $3.95 and a 52 week high of $9.02. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $5.60 and its two-hundred day simple moving average is $6.31.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. The company had revenue of $167.26 million for the quarter, compared to the consensus estimate of $190.08 million. Research analysts predict that Oil States International, Inc. will post 0.26 EPS for the current year.

Oil States International Profile

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.