Oil States International, Inc. (OIS) Shares Sold by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. reduced its stake in shares of Oil States International, Inc. (NYSE:OIS) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,657 shares of the oil and gas company’s stock after selling 17,190 shares during the quarter. Kennedy Capital Management Inc. owned about 1.11% of Oil States International worth $15,358,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OIS. LS Investment Advisors LLC lifted its holdings 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 valued at $111,000 after buying an additional 612 shares during the period. Meadow Creek Investment Management LLC lifted its holdings 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 valued at $115,000 after buying an additional 102 shares during the period. Winch Advisory Services LLC lifted its holdings in Oil States International by 113.1% in 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 buying an additional 3,049 shares during the period. Integrated Investment Consultants LLC acquired a new position in Oil States International in the second quarter valued at approximately $159,000. Finally, OppenheimerFunds Inc. acquired a new position in Oil States International in the first quarter valued at approximately $211,000.
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OIS has been the topic of several analyst reports. BMO Capital Markets cut their price objective on shares of 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. Zacks Investment Research lowered shares of Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Wells Fargo & Company lowered shares of Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a report on Friday, July 7th. Cowen and Company restated a “hold” rating and issued a $30.00 price objective on shares of Oil States International in a report on Tuesday, July 11th. Finally, Morgan Stanley lowered shares of Oil States International from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $32.00 in a report on Wednesday, June 21st. One 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. Oil States International currently has an average rating of “Hold” and an average target price of $35.00.
Shares of Oil States International, Inc. (OIS) opened at 22.70 on Friday. Oil States International, Inc. has a 12-month low of $20.90 and a 12-month high of $41.75. The firm has a 50-day moving average of $23.52 and a 200 day moving average of $28.71. The firm’s market capitalization is $1.16 billion.
Oil States International (NYSE:OIS) last posted its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.03. The company had revenue of $171.40 million during the quarter, compared to the consensus estimate of $176.08 million. Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. Oil States International’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) EPS. On average, equities research analysts expect that Oil States International, Inc. will post ($0.97) earnings per share for the current year.
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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