Neuburgh Advisers LLC boosted its holdings in Oil States International, Inc. (NYSE:OIS) by 20.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,472 shares of the oil and gas company’s stock after acquiring an additional 1,632 shares during the period. Neuburgh Advisers LLC’s holdings in Oil States International were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Oil States International in the 1st quarter valued at $6,046,000. Emerald Advisers LLC bought a new position in Oil States International in the second quarter valued at about $4,688,000. Emerald Mutual Fund Advisers Trust bought a new position in Oil States International in the second quarter valued at about $4,272,000. Marshall Wace LLP bought a new position in shares of Oil States International during the first quarter worth about $2,257,000. Finally, Van ECK Associates Corp raised its position in shares of Oil States International by 25.0% during the second quarter. Van ECK Associates Corp now owns 578,005 shares of the oil and gas company’s stock worth $10,577,000 after acquiring an additional 115,567 shares during the last quarter.
OIS has been the subject of several recent analyst reports. Raymond James decreased their target price on Oil States International from $25.00 to $23.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 30th. ValuEngine raised Oil States International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co lowered Oil States International from an “outperform” rating to a “market perform” rating in a report on Thursday. Royal Bank of Canada dropped their price target on Oil States International to $23.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 30th. Finally, Piper Jaffray Companies set a $16.00 target price on Oil States International and gave the company a “hold” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.91.
Oil States International (NYSE:OIS) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. The firm had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $273.73 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts forecast that Oil States International, Inc. will post -0.51 EPS for the current year.
About Oil States International
Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.
Further Reading: Market Perform
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