Riverhead Capital Management LLC increased its position in shares of Oil States International, Inc. (NYSE:OIS) by 95.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,894 shares of the oil and gas company’s stock after buying an additional 2,394 shares during the quarter. Riverhead Capital Management LLC’s holdings in Oil States International were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OIS. Winch Advisory Services LLC boosted its holdings in Oil States International by 113.1% during the second quarter. Winch Advisory Services LLC now owns 5,744 shares of the oil and gas company’s stock valued at $156,000 after purchasing an additional 3,049 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Oil States International by 20.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 1,700 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in Oil States International by 22.9% during the second quarter. Nikko Asset Management Americas Inc. now owns 387,400 shares of the oil and gas company’s stock valued at $10,518,000 after purchasing an additional 72,100 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Oil States International by 9.4% during the second quarter. SG Americas Securities LLC now owns 24,995 shares of the oil and gas company’s stock valued at $679,000 after purchasing an additional 2,144 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Oil States International during the second quarter valued at approximately $3,223,000.

OIS has been the topic of a number of recent research reports. BMO Capital Markets decreased their price objective on Oil States International from $33.00 to $27.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. BidaskClub raised Oil States International from a “strong sell” rating to a “sell” rating in a report on Saturday, July 1st. Wells Fargo & Company initiated coverage on Oil States International in a report on Friday, June 16th. They set an “outperform” rating and a $33.00 price objective on the stock. Loop Capital reaffirmed a “buy” rating on shares of Oil States International in a report on Monday, July 3rd. Finally, Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.55.

Shares of Oil States International, Inc. (NYSE OIS) opened at 25.35 on Thursday. The firm’s 50 day moving average is $23.45 and its 200 day moving average is $27.41. The company’s market cap is $1.30 billion. Oil States International, Inc. has a 12 month low of $20.90 and a 12 month high of $41.75.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.03). The business had revenue of $171.40 million for the quarter, compared to analyst estimates of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. Oil States International’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.22) EPS. On average, equities analysts predict that Oil States International, Inc. will post ($0.97) earnings per share for the current year.

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Oil States International Profile

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

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

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