Municipal Employees Retirement System of Michigan purchased a new stake in Oil States International, Inc. (NYSE:OIS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,350 shares of the oil and gas company’s stock, valued at approximately $248,000.
Other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new position in Oil States International during the 4th quarter worth approximately $44,000. Neuburgh Advisers LLC grew its holdings in Oil States International by 50.3% during the 4th quarter. Neuburgh Advisers LLC now owns 7,840 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 2,624 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Oil States International during the 4th quarter worth approximately $178,000. Canada Pension Plan Investment Board acquired a new position in Oil States International during the 4th quarter worth approximately $204,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Oil States International by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock worth $278,000 after acquiring an additional 15,225 shares in the last quarter.
In other news, VP Philip Scott Moses sold 6,583 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $18.51, for a total value of $121,851.33. Following the completion of the transaction, the vice president now owns 124,432 shares in the company, valued at approximately $2,303,236.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
Shares of Oil States International stock opened at $17.75 on Tuesday. Oil States International, Inc. has a 12-month low of $13.20 and a 12-month high of $38.95. The company has a quick ratio of 1.79, a current ratio of 2.95 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.09 billion, a PE ratio of -147.92 and a beta of 2.32.
Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, February 13th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.06). Oil States International had a negative net margin of 1.76% and a negative return on equity of 0.58%. The company had revenue of $274.12 million during the quarter, compared to analyst estimates of $260.00 million. During the same quarter in the previous year, the company posted ($0.18) EPS. The company’s quarterly revenue was up 49.2% on a year-over-year basis. As a group, research analysts expect that Oil States International, Inc. will post -0.45 earnings per share for the current year.
Several research analysts have commented on the stock. SunTrust Banks reiterated a “buy” rating and set a $28.00 price target on shares of Oil States International in a report on Wednesday, February 20th. Wells Fargo & Co upgraded shares of Oil States International from a “market perform” rating to an “outperform” rating and set a $16.21 price target for the company in a report on Friday, March 29th. Raymond James upgraded shares of Oil States International from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $26.00 to $27.00 in a report on Wednesday, March 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Oil States International from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, ValuEngine cut shares of Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.20.
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Oil States International Profile
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
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