Oil States International, Inc. (NYSE:OIS) Stock Holdings Lifted by Foundry Partners LLC

Foundry Partners LLC lifted its holdings in Oil States International, Inc. (NYSE:OIS) by 3.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 927,259 shares of the oil and gas company’s stock after purchasing an additional 32,886 shares during the period. Foundry Partners LLC’s holdings in Oil States International were worth $6,927,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky bought a new stake in Oil States International in the 3rd quarter valued at about $76,000. Captrust Financial Advisors increased its stake in Oil States International by 282.0% during the 3rd quarter. Captrust Financial Advisors now owns 37,470 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 27,661 shares during the period. Arizona State Retirement System acquired a new position in Oil States International during the 1st quarter valued at about $154,000. MetLife Investment Management LLC raised its position in shares of Oil States International by 23.8% during the 1st quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock worth $212,000 after buying an additional 5,864 shares in the last quarter. Finally, Ellevest Inc. lifted its stake in shares of Oil States International by 47.2% in the 1st quarter. Ellevest Inc. now owns 25,596 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 8,202 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Oil States International Stock Performance

Oil States International stock opened at $8.61 on Tuesday. The company has a 50 day moving average price of $8.09 and a 200 day moving average price of $7.75. Oil States International, Inc. has a 52 week low of $3.51 and a 52 week high of $10.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 2.81. The firm has a market capitalization of $549.86 million, a price-to-earnings ratio of 71.71 and a beta of 2.95.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Oil States International had a return on equity of 0.46% and a net margin of 1.00%. The firm had revenue of $183.50 million during the quarter, compared to analyst estimates of $201.88 million. During the same period in the prior year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts forecast that Oil States International, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James assumed coverage on shares of Oil States International in a research note on Wednesday, September 6th. They set an “outperform” rating and a $10.00 price objective on the stock. StockNews.com assumed coverage on shares of Oil States International in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Oil States International presently has a consensus rating of “Hold” and an average target price of $9.33.

Oil States International Profile

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.