Channing Capital Management LLC lowered its position in Oil States International, Inc. (NYSE:OIS) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,646,939 shares of the oil and gas company’s stock after selling 123,725 shares during the period. Channing Capital Management LLC owned about 3.19% of Oil States International worth $44,714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. LS Investment Advisors LLC raised its position in Oil States International by 17.5% in the second quarter. LS Investment Advisors LLC now owns 4,106 shares of the oil and gas company’s stock worth $111,000 after buying an additional 612 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock worth $115,000 after buying an additional 102 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in Oil States International during the second quarter worth about $159,000. OppenheimerFunds Inc. bought a new position in Oil States International during the first quarter worth about $211,000. Finally, Advantus Capital Management Inc raised its position in Oil States International by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,577 shares of the oil and gas company’s stock worth $218,000 after buying an additional 192 shares in the last quarter.

Shares of Oil States International, Inc. (NYSE:OIS) traded down 0.22% during mid-day trading on Friday, hitting $22.80. 691,814 shares of the stock traded hands. Oil States International, Inc. has a 52 week low of $22.35 and a 52 week high of $41.75. The stock has a 50-day moving average of $26.18 and a 200-day moving average of $31.03. The company’s market cap is $1.17 billion.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.27) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.03. The business had revenue of $171.40 million during the quarter, compared to the consensus estimate of $176.08 million. Oil States International had a negative return on equity of 4.21% and a negative net margin of 7.94%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.22) EPS. Analysts anticipate that Oil States International, Inc. will post ($0.97) EPS for the current year.

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A number of brokerages have weighed in on OIS. Cowen and Company lowered their price objective on Oil States International from $30.00 to $24.00 and set a “market perform” rating on the stock in a report on Tuesday, August 1st. Loop Capital lowered their price objective on Oil States International from $44.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, August 1st. Scotiabank set a $41.00 price target on Oil States International and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Oil States International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Oil States International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.

About Oil States International

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.

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

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