Piedmont Investment Advisors LLC Acquires New Position in Oil States International, Inc. (OIS)

Piedmont Investment Advisors LLC acquired a new stake in shares of Oil States International, Inc. (NYSE:OIS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,132 shares of the oil and gas company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OIS. Canada Pension Plan Investment Board grew its stake in shares of Oil States International by 16.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 89,400 shares of the oil and gas company’s stock valued at $2,427,000 after buying an additional 12,600 shares during the period. Arizona State Retirement System grew its stake in shares of Oil States International by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the oil and gas company’s stock valued at $592,000 after buying an additional 400 shares during the period. SG Americas Securities LLC grew its stake in shares of Oil States International by 9.4% in the 2nd quarter. SG Americas Securities LLC now owns 24,995 shares of the oil and gas company’s stock valued at $679,000 after buying an additional 2,144 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Oil States International by 20.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,200 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 1,700 shares during the period. Finally, Winch Advisory Services LLC grew its stake in shares of Oil States International by 113.1% in the 2nd 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.

Oil States International, Inc. (NYSE OIS) opened at $25.50 on Monday. The company has a current ratio of 4.09, a quick ratio of 2.60 and a debt-to-equity ratio of 0.02. Oil States International, Inc. has a 1 year low of $20.23 and a 1 year high of $41.25.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.02). The company had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $166.94 million. Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. equities analysts expect that Oil States International, Inc. will post -1.1 earnings per share for the current fiscal year.

Several research firms have recently weighed in on OIS. Zacks Investment Research raised shares of Oil States International from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co dropped their price target on shares of Oil States International from $31.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Loop Capital set a $33.00 price target on shares of Oil States International and gave the company a “buy” rating in a research note on Wednesday, December 13th. Deutsche Bank began coverage on shares of Oil States International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $26.00 price target for the company. Finally, Royal Bank of Canada set a $28.00 price target on shares of Oil States International and gave the company a “hold” rating in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $30.18.

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Oil States International Company 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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