Alps Advisors Inc. boosted its stake in shares of Oil States International, Inc. (NYSE:OIS) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,234 shares of the oil and gas company’s stock after acquiring an additional 2,478 shares during the quarter. Alps Advisors Inc.’s holdings in Oil States International were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Oil States International by 51.7% during the 1st quarter. Sei Investments Co. now owns 5,496 shares of the oil and gas company’s stock valued at $144,000 after acquiring an additional 1,873 shares during the period. Quantbot Technologies LP purchased a new stake in Oil States International during the 1st quarter valued at about $184,000. Connable Office Inc. purchased a new stake in Oil States International during the 1st quarter valued at about $210,000. Profund Advisors LLC boosted its holdings in Oil States International by 28.7% during the 1st quarter. Profund Advisors LLC now owns 10,428 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 2,328 shares during the period. Finally, Amalgamated Bank purchased a new stake in Oil States International during the 2nd quarter valued at about $277,000.

Several brokerages recently weighed in on OIS. Zacks Investment Research cut Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. ValuEngine upgraded Oil States International from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Cowen dropped their price objective on Oil States International from $36.00 to $33.00 and set a “market perform” rating for the company in a report on Tuesday, July 31st. Susquehanna Bancshares set a $35.00 price objective on Oil States International and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $35.00 price objective on shares of Oil States International in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.08.

NYSE OIS opened at $33.25 on Wednesday. Oil States International, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $38.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.83 and a quick ratio of 2.39. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -31.37, a price-to-earnings-growth ratio of 13.62 and a beta of 1.65.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Monday, July 30th. The oil and gas company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Oil States International had a negative return on equity of 1.59% and a negative net margin of 6.05%. The business had revenue of $285.90 million during the quarter, compared to analysts’ expectations of $289.39 million. During the same quarter last year, the business posted ($0.27) EPS. The business’s revenue was up 66.8% on a year-over-year basis. research analysts expect that Oil States International, Inc. will post 0.12 earnings per share for the current year.

In other news, VP Brian E. Taylor sold 2,380 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $34.05, for a total value of $81,039.00. Following the completion of the transaction, the vice president now owns 17,082 shares in the company, valued at approximately $581,642.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.87% of the company’s stock.

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

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