Oil States International (NYSE:OIS) Issues Quarterly Earnings Results

Oil States International (NYSE:OIS) issued its earnings results on Friday. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02), reports. Oil States International had a positive return on equity of 1.62% and a negative net margin of 0.35%. The business had revenue of $167.26 million for the quarter, compared to the consensus estimate of $190.08 million.

Oil States International Price Performance

Shares of Oil States International stock opened at $4.31 on Monday. Oil States International has a 1 year low of $4.22 and a 1 year high of $9.02. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $5.77 and its two-hundred day moving average is $6.43.

Institutional Trading of Oil States International

A number of institutional investors have recently modified their holdings of OIS. GAMMA Investing LLC acquired a new stake in Oil States International in the 4th quarter worth approximately $35,000. Public Employees Retirement System of Ohio boosted its stake in Oil States International by 87.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,583 shares of the oil and gas company’s stock worth $172,000 after purchasing an additional 9,589 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Oil States International in the 3rd quarter worth approximately $312,000. Cornercap Investment Counsel Inc. acquired a new stake in Oil States International in the 4th quarter worth approximately $400,000. Finally, Nikko Asset Management Americas Inc. boosted its stake in Oil States International by 19.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 15,340 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Susquehanna reiterated a “neutral” rating and set a $6.50 target price on shares of Oil States International in a report on Monday, April 8th.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, 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.