Shares of Oil States International, Inc. (NYSE:OIS – Get Free Report) rose 5.5% during mid-day trading on Friday . The company traded as high as $8.30 and last traded at $8.27. Approximately 193,616 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 717,470 shares. The stock had previously closed at $7.84.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Oil States International in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.
Oil States International Trading Up 6.0 %
Oil States International (NYSE:OIS – Get Free Report) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $183.50 million during the quarter, compared to analyst estimates of $201.88 million. Oil States International had a return on equity of 0.46% and a net margin of 1.00%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. Research analysts forecast that Oil States International, Inc. will post 0.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Oil States International
A number of hedge funds and other institutional investors have recently made changes to their positions in OIS. Bank of New York Mellon Corp raised its holdings in shares of Oil States International by 2.7% during the first quarter. Bank of New York Mellon Corp now owns 641,078 shares of the oil and gas company’s stock worth $4,456,000 after acquiring an additional 17,123 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Oil States International by 23.8% during the first quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 5,864 shares during the period. Rhumbline Advisers raised its holdings in shares of Oil States International by 2.9% during the first quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock worth $1,421,000 after acquiring an additional 5,849 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Oil States International by 3.6% during the first quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock worth $403,000 after acquiring an additional 2,010 shares during the period. Finally, Quantbot Technologies LP raised its holdings in shares of Oil States International by 249.3% during the first quarter. Quantbot Technologies LP now owns 77,522 shares of the oil and gas company’s stock worth $538,000 after acquiring an additional 55,327 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.
About Oil States International
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.
- Five stocks we like better than Oil States International
- Video Game Stocks: How to Invest in Gaming
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- What are stock market earnings reports?
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- Investing in Construction Stocks
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.