Susquehanna International Group LLP Sells 75,118 Shares of Oil States International, Inc. $OIS

Susquehanna International Group LLP cut its holdings in Oil States International, Inc. (NYSE:OIS) by 75.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,772 shares of the oil and gas company’s stock after selling 75,118 shares during the quarter. Susquehanna International Group LLP’s holdings in Oil States International were worth $198,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in shares of Oil States International by 157.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock worth $2,933,000 after purchasing an additional 334,279 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Oil States International in the second quarter worth $2,637,000. Pacer Advisors Inc. bought a new stake in Oil States International in the first quarter worth $2,839,000. Russell Investments Group Ltd. increased its position in Oil States International by 121.3% during the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 157,688 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in Oil States International by 8.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company’s stock worth $9,834,000 after buying an additional 113,541 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Susquehanna reduced their price target on Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Raymond James Financial reduced their target price on Oil States International from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Stifel Nicolaus decreased their target price on Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.33.

Oil States International Stock Up 1.6%

NYSE:OIS opened at $8.96 on Thursday. Oil States International, Inc. has a twelve month low of $5.37 and a twelve month high of $14.50. The firm has a market capitalization of $540.61 million, a price-to-earnings ratio of -4.74 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $9.70.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $255.41 million for the quarter, compared to analyst estimates of $158.02 million. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Equities research analysts expect that Oil States International, Inc. will post 0.53 earnings per share for the current fiscal year.

Oil States International Profile

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.