Oil States International, Inc. (OIS) Position Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Oil States International, Inc. (NYSE:OIS) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,183 shares of the oil and gas company’s stock after acquiring an additional 3,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Oil States International were worth $570,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Aperio Group LLC lifted its stake in shares of Oil States International by 2.7% in the 3rd quarter. Aperio Group LLC now owns 72,748 shares of the oil and gas company’s stock valued at $2,415,000 after purchasing an additional 1,903 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Oil States International by 11.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 19,494 shares of the oil and gas company’s stock worth $626,000 after acquiring an additional 1,985 shares during the period. Commonwealth Bank of Australia acquired a new position in Oil States International during the third quarter worth $325,000. Pinebridge Investments L.P. raised its position in Oil States International by 6.9% during the second quarter. Pinebridge Investments L.P. now owns 87,690 shares of the oil and gas company’s stock worth $2,815,000 after acquiring an additional 5,698 shares during the period. Finally, Energy Opportunities Capital Management LLC raised its position in Oil States International by 41.9% during the second quarter. Energy Opportunities Capital Management LLC now owns 215,271 shares of the oil and gas company’s stock worth $6,910,000 after acquiring an additional 63,550 shares during the period.

OIS has been the subject of a number of recent research reports. ValuEngine upgraded shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Stifel Nicolaus initiated coverage on shares of Oil States International in a report on Monday, September 10th. They issued a “buy” rating and a $40.00 price objective for the company. SunTrust Banks raised shares of Oil States International from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Monday, November 12th. They noted that the move was a valuation call. TheStreet lowered shares of Oil States International from a “c-” rating to a “d+” rating in a report on Monday, November 5th. Finally, Morgan Stanley began coverage on shares of Oil States International in a research note on Tuesday, September 18th. They set an “equal weight” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Oil States International has an average rating of “Hold” and an average price target of $32.83.

NYSE OIS opened at $20.16 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.04 and a debt-to-equity ratio of 0.23. Oil States International, Inc. has a one year low of $19.78 and a one year high of $38.95. The company has a market capitalization of $1.28 billion, a PE ratio of -19.02 and a beta of 1.94.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Monday, October 29th. The oil and gas company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Oil States International had a negative net margin of 4.28% and a negative return on equity of 0.44%. The business had revenue of $274.59 million during the quarter, compared to analyst estimates of $274.97 million. During the same quarter last year, the firm posted ($0.30) earnings per share. The business’s revenue for the quarter was up 67.4% compared to the same quarter last year. Equities research analysts anticipate that Oil States International, Inc. will post -0.06 earnings per share for the current year.

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Oil States International Company 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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Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

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