Public Employees Retirement System of Ohio Sells 75,064 Shares of Oil States International, Inc. (NYSE:OIS)

Public Employees Retirement System of Ohio lowered its position in shares of Oil States International, Inc. (NYSE:OIS - Free Report) by 92.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,128 shares of the oil and gas company's stock after selling 75,064 shares during the period. Public Employees Retirement System of Ohio's holdings in Oil States International were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Oil States International in the 4th quarter worth approximately $97,000. Quantbot Technologies LP bought a new stake in Oil States International in the 4th quarter worth approximately $128,000. SG Americas Securities LLC grew its position in Oil States International by 21.5% in the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company's stock worth $137,000 after purchasing an additional 4,771 shares during the period. MetLife Investment Management LLC grew its position in Oil States International by 82.4% in the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock worth $191,000 after purchasing an additional 17,019 shares during the period. Finally, Ethic Inc. grew its position in Oil States International by 14.2% in the 4th quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock worth $239,000 after purchasing an additional 5,864 shares during the period. Institutional investors own 97.44% of the company's stock.

Oil States International Trading Up 3.2%

Shares of OIS stock opened at $4.63 on Friday. Oil States International, Inc. has a 1 year low of $3.08 and a 1 year high of $5.86. The firm has a fifty day moving average price of $4.08 and a 200-day moving average price of $4.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. The company has a market cap of $286.14 million, a price-to-earnings ratio of -14.01 and a beta of 1.78.

Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share (EPS) 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 firm had revenue of $159.94 million during the quarter, compared to the consensus estimate of $164.08 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts predict that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on OIS shares. Susquehanna cut their target price on shares of Oil States International from $5.00 to $4.00 and set a "neutral" rating for the company 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 report on Saturday, February 15th.

Oil States International Company 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.

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