Oil States International, Inc. (NYSE:OIS) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in shares of Oil States International, Inc. (NYSE:OIS) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 570,145 shares of the oil and gas company’s stock after selling 17,125 shares during the period. Wedge Capital Management L L P NC owned 0.94% of Oil States International worth $10,434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Oil States International during the 4th quarter valued at $10,792,000. BNP Paribas Arbitrage SA increased its holdings in Oil States International by 494.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 35,339 shares of the oil and gas company’s stock valued at $599,000 after acquiring an additional 29,398 shares during the last quarter. Arizona State Retirement System increased its holdings in Oil States International by 1.0% in the 1st quarter. Arizona State Retirement System now owns 93,326 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 959 shares during the last quarter. SG Americas Securities LLC increased its holdings in Oil States International by 269.1% in the 1st quarter. SG Americas Securities LLC now owns 494,160 shares of the oil and gas company’s stock valued at $8,381,000 after acquiring an additional 360,286 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in Oil States International by 24.3% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 356,482 shares of the oil and gas company’s stock valued at $6,046,000 after acquiring an additional 69,769 shares during the last quarter.

Shares of Oil States International stock traded down $0.18 during trading hours on Thursday, reaching $12.43. The company’s stock had a trading volume of 2,122 shares, compared to its average volume of 885,286. The business’s 50 day simple moving average is $15.06. Oil States International, Inc. has a one year low of $11.73 and a one year high of $34.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.57 and a current ratio of 2.67. The stock has a market cap of $763.03 million, a PE ratio of -103.33 and a beta of 2.26.

Oil States International (NYSE:OIS) last posted its earnings results on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. The business had revenue of $264.70 million during the quarter, compared to the consensus estimate of $273.73 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that Oil States International, Inc. will post -0.51 earnings per share for the current fiscal year.

OIS has been the topic of a number of research reports. Royal Bank of Canada reduced their price target on shares of Oil States International to $23.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. ValuEngine upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Raymond James reduced their price target on shares of Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 30th. Finally, Piper Jaffray Companies set a $16.00 price target on shares of Oil States International and gave the company a “hold” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.62.

About Oil States International

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 in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

Featured Story: What is included in the gross domestic product?

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

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.