Jump Financial LLC purchased a new stake in Oil States International, Inc. (NYSE:OIS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 55,566 shares of the oil and gas company's stock, valued at approximately $286,000. Jump Financial LLC owned 0.09% of Oil States International as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP boosted its stake in shares of Oil States International by 213.0% during the first quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company's stock valued at $409,000 after purchasing an additional 54,080 shares during the period. GAMMA Investing LLC lifted its position in Oil States International by 2,343.3% during the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock worth $155,000 after buying an additional 28,870 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Oil States International in the fourth quarter valued at $97,000. MetLife Investment Management LLC raised its stake in Oil States International by 82.4% during the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock valued at $191,000 after acquiring an additional 17,019 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Oil States International by 18.2% in the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock worth $306,000 after acquiring an additional 9,303 shares during the period. Institutional investors and hedge funds own 97.44% of the company's stock.
Oil States International Stock Performance
Shares of NYSE:OIS traded up $0.03 during midday trading on Monday, hitting $5.54. The company's stock had a trading volume of 242,428 shares, compared to its average volume of 719,313. Oil States International, Inc. has a 12-month low of $3.08 and a 12-month high of $5.99. The business's 50 day simple moving average is $5.35 and its 200 day simple moving average is $4.87. The company has a market cap of $335.37 million, a P/E ratio of 50.14 and a beta of 1.94.
Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $165.41 million during the quarter, compared to the consensus estimate of $171.50 million. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. Oil States International's quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, sell-side analysts predict that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently commented on OIS. Susquehanna raised their price objective on shares of Oil States International from $4.50 to $5.50 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Wall Street Zen lowered Oil States International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $7.25.
Check Out Our Latest Research Report on OIS
About Oil States International
(
Free Report)
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.
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