Pacer Advisors Inc. Purchases New Shares in Oil States International, Inc. $OIS

Key Points

• Pacer Advisors purchased 243,924 shares of Oil States International during the first quarter, valued at approximately $2.84 million and representing a 0.41% stake. Institutional investors collectively own 97.44% of the company.
• Oil States International reported quarterly EPS of $0.14, beating estimates of $0.11, while revenue reached $255.41 million versus expectations of $158.02 million. However, revenue declined 5.3% year over year and the company posted a negative net margin.
• Analysts have lowered several price targets, with the stock carrying an average “Hold” rating and a consensus price target of $11.33, compared with its recent trading price of $8.30.

Pacer Advisors Inc. purchased a new position in shares of Oil States International, Inc. (NYSE:OIS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 243,924 shares of the oil and gas company's stock, valued at approximately $2,839,000. Pacer Advisors Inc. owned 0.41% of Oil States International at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company's stock valued at $2,933,000 after buying an additional 334,279 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Oil States International by 121.3% in the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company's stock worth $1,743,000 after acquiring an additional 157,688 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Oil States International by 8.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company's stock valued at $9,834,000 after purchasing an additional 113,541 shares during the last quarter. Marshall Wace LLP purchased a new position in Oil States International in the second quarter valued at about $505,000. Finally, JB Capital Partners LP purchased a new position in Oil States International in the fourth quarter valued at about $575,000. Institutional investors and hedge funds own 97.44% of the company's stock.

Oil States International Trading Down 0.4%

Shares of NYSE OIS opened at $8.30 on Friday. The company has a market cap of $500.50 million, a price-to-earnings ratio of -4.39 and a beta of 1.11. Oil States International, Inc. has a 12-month low of $4.88 and a 12-month high of $14.50. The company has a current ratio of 2.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.03. The stock's 50 day simple moving average is $8.21 and its 200 day simple moving average is $9.69.

Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%.The firm had revenue of $255.41 million during the quarter, compared to the consensus estimate of $158.02 million. During the same period in the prior year, the business earned $0.09 EPS. The firm's revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that Oil States International, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna dropped their price objective on Oil States International from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, July 8th. Raymond James Financial reduced their target price on Oil States International from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, July 10th. Stifel Nicolaus decreased their price target on shares of Oil States International from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Wall Street Zen cut shares of Oil States International from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Oil States International from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.33.

Oil States International Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International's flat steel solutions business manufactures and distributes steel pipeline and flowback products.

Want to see what other hedge funds are holding OIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oil States International, Inc. (NYSE:OIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source