Thrivent Financial for Lutherans lowered its stake in Oil States International (NYSE:OIS) by 57.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 709,910 shares of the oil and gas company’s stock after selling 953,707 shares during the period. Thrivent Financial for Lutherans’ holdings in Oil States International were worth $18,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of OIS. Amalgamated Bank acquired a new stake in Oil States International in the 4th quarter valued at about $208,000. Alps Advisors Inc. acquired a new stake in Oil States International in the 4th quarter valued at about $245,000. Teachers Retirement System of The State of Kentucky raised its position in Oil States International by 59.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 12,840 shares of the oil and gas company’s stock valued at $363,000 after purchasing an additional 4,800 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Oil States International by 25.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the oil and gas company’s stock valued at $547,000 after purchasing an additional 3,880 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Oil States International in the 4th quarter valued at about $695,000. 96.34% of the stock is currently owned by institutional investors.
OIS has been the topic of a number of analyst reports. Zacks Investment Research lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Evercore ISI lowered Oil States International to an “outperform” rating in a research report on Thursday, February 15th. TheStreet raised Oil States International from a “d” rating to a “c-” rating in a research report on Wednesday, February 14th. Royal Bank of Canada set a $30.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Piper Jaffray set a $22.00 target price on Oil States International and gave the stock a “hold” rating in a research report on Saturday, February 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. Oil States International presently has an average rating of “Hold” and an average price target of $30.67.
Shares of Oil States International opened at $37.95 on Friday, according to Marketbeat. The company has a current ratio of 4.21, a quick ratio of 2.66 and a debt-to-equity ratio of 0.26. Oil States International has a fifty-two week low of $20.23 and a fifty-two week high of $38.95. The stock has a market cap of $2.28 billion, a PE ratio of -35.80, a price-to-earnings-growth ratio of 8.26 and a beta of 1.68.
Oil States International (NYSE:OIS) last released its quarterly earnings results on Wednesday, April 25th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.14. The firm had revenue of $253.58 million for the quarter, compared to the consensus estimate of $229.95 million. Oil States International had a negative return on equity of 3.01% and a negative net margin of 9.14%. The firm’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) EPS. equities analysts forecast that Oil States International will post 0.24 EPS for the current year.
In related news, major shareholder Holdings B.V. Hcperf sold 5,925,050 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $25.79, for a total transaction of $152,807,039.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.97% of the company’s stock.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and gas companies worldwide. It operates through two segments, Well Site Services 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.
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