Oil States International, Inc. (NYSE:OIS) Holdings Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in Oil States International, Inc. (NYSE:OIS - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,412 shares of the oil and gas company's stock after selling 162,684 shares during the period. Ameriprise Financial Inc. owned about 0.20% of Oil States International worth $630,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of Oil States International in the fourth quarter worth $97,000. Quantbot Technologies LP acquired a new position in Oil States International in the fourth quarter valued at $128,000. SG Americas Securities LLC raised its holdings in shares of Oil States International by 21.5% in the fourth quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company's stock valued at $137,000 after buying an additional 4,771 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Oil States International by 82.4% in the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock valued at $191,000 after buying an additional 17,019 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Oil States International Stock Performance

Shares of NYSE:OIS traded up $0.01 during trading on Thursday, reaching $4.48. 482,495 shares of the company's stock traded hands, compared to its average volume of 712,092. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. Oil States International, Inc. has a 12 month low of $3.08 and a 12 month high of $5.86. The company has a 50 day moving average of $4.11 and a 200-day moving average of $4.85. The stock has a market capitalization of $277.05 million, a P/E ratio of -13.57 and a beta of 1.77.

Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The business had revenue of $159.94 million during the quarter, compared to the consensus estimate of $164.08 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Oil States International, Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OIS. Susquehanna lowered their target price on shares of Oil States International from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised shares of Oil States International from a "sell" rating to a "hold" rating in a research note on Saturday, February 15th.

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.