Oil States International, Inc. (NYSE:OIS) Short Interest Update

Oil States International, Inc. (NYSE:OIS) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 975,900 shares, a drop of 15.1% from the March 15th total of 1,150,000 shares. Based on an average trading volume of 725,300 shares, the short-interest ratio is currently 1.3 days. Currently, 1.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research firms have recently commented on OIS. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a report on Saturday, February 15th. Susquehanna dropped their target price on Oil States International from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th.

Oil States International Price Performance

Shares of NYSE:OIS opened at $3.61 on Monday. The firm’s 50 day moving average is $4.73 and its two-hundred day moving average is $4.98. The firm has a market capitalization of $224.13 million, a P/E ratio of -10.95 and a beta of 2.10. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. Oil States International has a 52 week low of $3.08 and a 52 week high of $5.86.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, February 21st. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The firm had revenue of $164.60 million for the quarter, compared to analysts’ expectations of $173.33 million. Analysts anticipate that Oil States International will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Oil States International by 374.4% in the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 4,613 shares during the period. Marshall Wace LLP bought a new stake in Oil States International during the fourth quarter worth approximately $97,000. Quantbot Technologies LP acquired a new stake in Oil States International in the fourth quarter worth approximately $128,000. SG Americas Securities LLC boosted its stake in Oil States International by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 4,771 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Oil States International by 82.4% during the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 17,019 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.