Russell Investments Group Ltd. Sells 147,222 Shares of Oil States International, Inc. (NYSE:OIS)

Russell Investments Group Ltd. lowered its stake in shares of Oil States International, Inc. (NYSE:OIS – Get Rating) by 34.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,064 shares of the oil and gas company’s stock after selling 147,222 shares during the period. Russell Investments Group Ltd. owned approximately 0.43% of Oil States International worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ellevest Inc. bought a new position in Oil States International during the third quarter worth about $31,000. Mutual of America Capital Management LLC raised its position in shares of Oil States International by 22.3% during the third quarter. Mutual of America Capital Management LLC now owns 12,711 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 2,316 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Oil States International during the third quarter worth about $76,000. SG Americas Securities LLC acquired a new stake in shares of Oil States International during the third quarter worth about $133,000. Finally, Captrust Financial Advisors raised its position in shares of Oil States International by 282.0% during the third quarter. Captrust Financial Advisors now owns 37,470 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 27,661 shares during the period. Institutional investors own 89.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OIS. StockNews.com began coverage on Oil States International in a research report on Thursday. They set a “hold” rating on the stock. TheStreet raised Oil States International from a “d+” rating to a “c-” rating in a research report on Monday, January 30th. Finally, Susquehanna dropped their target price on Oil States International from $10.00 to $9.00 in a research report on Monday, April 3rd.

Oil States International Stock Up 1.6 %

Shares of Oil States International stock opened at $6.98 on Monday. The business’s 50 day simple moving average is $7.63 and its 200 day simple moving average is $7.76. Oil States International, Inc. has a 52-week low of $3.51 and a 52-week high of $10.47. The firm has a market cap of $448.47 million, a PE ratio of 232.67 and a beta of 2.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.51 and a current ratio of 2.67.

Oil States International (NYSE:OIS – Get Rating) last announced its earnings results on Thursday, April 27th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $196.20 million during the quarter, compared to analyst estimates of $195.65 million. Oil States International had a net margin of 0.27% and a negative return on equity of 0.37%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) EPS. On average, analysts predict that Oil States International, Inc. will post 0.32 earnings per share for the current fiscal year.

Oil States International Company Profile

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Oil States International, Inc engages in the provision of manufactured products and services used in the drilling, completion, subsea, production and infrastructure sectors of the oil and natural gas industry, as well as in the industrial and military sectors. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products.