LS Investment Advisors LLC increased its stake in Oil States International, Inc. (NYSE:OIS) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,106 shares of the oil and gas company’s stock after buying an additional 612 shares during the period. LS Investment Advisors LLC’s holdings in Oil States International were worth $111,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Oil States International by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 86,659 shares of the oil and gas company’s stock valued at $3,380,000 after buying an additional 3,778 shares during the last quarter. First Manhattan Co. increased its stake in shares of Oil States International by 10.4% in the first quarter. First Manhattan Co. now owns 17,127 shares of the oil and gas company’s stock valued at $540,000 after buying an additional 1,610 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of Oil States International by 24.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 315,300 shares of the oil and gas company’s stock valued at $10,452,000 after buying an additional 62,600 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Oil States International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,953 shares of the oil and gas company’s stock valued at $595,000 after buying an additional 200 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Oil States International by 49.4% in the first quarter. Canada Pension Plan Investment Board now owns 76,800 shares of the oil and gas company’s stock valued at $2,546,000 after buying an additional 25,400 shares during the last quarter.

Shares of Oil States International, Inc. (NYSE OIS) traded down 0.22% during trading on Friday, hitting $22.80. 691,814 shares of the stock traded hands. The stock has a 50-day moving average of $26.18 and a 200 day moving average of $31.03. Oil States International, Inc. has a 1-year low of $22.35 and a 1-year high of $41.75. The company’s market cap is $1.17 billion.

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

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Several analysts have weighed in on OIS shares. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 price objective (down previously from $35.00) on shares of Oil States International in a research note on Friday, May 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Oil States International in a research note on Tuesday, May 30th. Wolfe Research cut shares of Oil States International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Oil States International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company started coverage on shares of Oil States International in a research note on Friday, June 16th. They issued an “outperform” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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.

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

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