Marshall Wace LLP Lowers Stock Position in Oil States International, Inc. (NYSE:OIS)

Marshall Wace LLP lowered its stake in shares of Oil States International, Inc. (NYSE:OIS - Free Report) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,386 shares of the oil and gas company's stock after selling 111,656 shares during the quarter. Marshall Wace LLP owned approximately 0.41% of Oil States International worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OIS. Gendell Jeffrey L grew its position in Oil States International by 8.0% during the first quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company's stock valued at $17,848,000 after buying an additional 215,274 shares during the period. Russell Investments Group Ltd. grew its position in Oil States International by 109.0% during the first quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company's stock valued at $2,031,000 after buying an additional 171,971 shares during the period. Hennessy Advisors Inc. grew its position in Oil States International by 44.0% during the first quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company's stock valued at $2,991,000 after buying an additional 148,300 shares during the period. Quantbot Technologies LP grew its position in Oil States International by 524.0% during the first quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company's stock valued at $631,000 after buying an additional 85,973 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in Oil States International by 42.4% during the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company's stock valued at $1,118,000 after purchasing an additional 74,983 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on OIS. Susquehanna upped their price objective on shares of Oil States International from $4.50 to $5.50 and gave the company a "neutral" rating in a report on Tuesday, July 30th. StockNews.com raised shares of Oil States International from a "sell" rating to a "hold" rating in a report on Tuesday, July 30th. Finally, Piper Sandler dropped their price objective on shares of Oil States International from $7.50 to $5.50 and set a "neutral" rating on the stock in a report on Monday, July 15th.

Oil States International Price Performance

Shares of Oil States International stock traded up $0.05 on Monday, reaching $5.16. The stock had a trading volume of 526,265 shares, compared to its average volume of 1,085,011. Oil States International, Inc. has a 1 year low of $3.91 and a 1 year high of $8.29. The company has a market cap of $329.16 million, a P/E ratio of -129.00 and a beta of 2.65. The company has a current ratio of 3.26, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $4.95 and its two-hundred day moving average is $4.85.

Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $183.40 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that Oil States International, Inc. will post 0.23 EPS for the current year.

Oil States International Profile

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.