Oil States International, Inc. (NYSE:OIS - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 975,900 shares, a decline of 15.1% from the March 15th total of 1,150,000 shares. Based on an average trading volume of 725,300 shares, the short-interest ratio is currently 1.3 days. Currently, 1.7% of the company's shares are short sold.
Oil States International Stock Up 4.2 %
Shares of Oil States International stock traded up $0.15 during trading on Friday, reaching $3.69. The stock had a trading volume of 772,420 shares, compared to its average volume of 805,819. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $228.84 million, a price-to-earnings ratio of -11.18 and a beta of 2.10. Oil States International has a 52 week low of $3.08 and a 52 week high of $5.86. The stock has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.93.
Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The firm had revenue of $164.60 million during the quarter, compared to the consensus estimate of $173.33 million. Sell-side analysts predict that Oil States International will post 0.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Susquehanna lowered their price target on Oil States International from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 14th. StockNews.com upgraded shares of Oil States International from a "sell" rating to a "hold" rating in a report on Saturday, February 15th.
Read Our Latest Stock Report on OIS
Institutional Investors Weigh In On Oil States International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in shares of Oil States International by 18.2% in the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock valued at $306,000 after acquiring an additional 9,303 shares in the last quarter. Ethic Inc. grew its holdings in Oil States International by 14.2% in the 4th quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock valued at $239,000 after buying an additional 5,864 shares in the last quarter. MetLife Investment Management LLC increased its position in Oil States International by 82.4% during the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock worth $191,000 after buying an additional 17,019 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Oil States International by 2,343.3% during the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock worth $155,000 after buying an additional 28,870 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Oil States International by 21.5% in the fourth quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company's stock valued at $137,000 after acquiring an additional 4,771 shares during the period. 97.44% of the stock is currently owned by institutional investors and hedge funds.
About Oil States International
(
Get Free Report)
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.
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