Oil States International, Inc. (NYSE:OIS) Short Interest Down 31.9% in December

Oil States International, Inc. (NYSE:OIS) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 927,458 shares, a drop of 31.9% from the December 15th total of 1,362,233 shares. Based on an average daily trading volume, of 675,142 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the company’s shares are short sold. Approximately 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 675,142 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OIS shares. Susquehanna boosted their price target on shares of Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.00.

Oil States International Stock Up 0.1%

NYSE:OIS traded up $0.01 during midday trading on Friday, reaching $8.20. The stock had a trading volume of 610,191 shares, compared to its average volume of 673,642. The stock has a market cap of $489.65 million, a P/E ratio of 22.15 and a beta of 1.27. Oil States International has a 12-month low of $3.08 and a 12-month high of $8.30. The firm has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $6.11.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Oil States International had a net margin of 3.52% and a return on equity of 2.85%. The firm had revenue of $165.18 million during the quarter, compared to analyst estimates of $169.01 million. During the same quarter in the previous year, the business earned $0.04 EPS. Oil States International’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Oil States International will post 0.16 earnings per share for the current fiscal year.

Insider Activity at Oil States International

In other news, CEO Cindy B. Taylor sold 14,760 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total transaction of $99,630.00. Following the transaction, the chief executive officer owned 2,109,724 shares of the company’s stock, valued at approximately $14,240,637. The trade was a 0.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oil States International

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of Oil States International by 20.5% in the third quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock valued at $115,000 after purchasing an additional 3,222 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares during the period. New York State Teachers Retirement System purchased a new stake in Oil States International during the second quarter worth approximately $29,000. BNP Paribas Financial Markets increased its holdings in Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Oil States International by 71.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 7,845 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.