Oil States International, Inc. $OIS Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has significantly increased its stake in Oil States International by purchasing 54,080 shares, bringing its total ownership to approximately 79,473 shares valued at $409,000.
• Several institutional investors, including GAMMA Investing LLC and New York State Common Retirement Fund, have also dramatically increased their holdings in Oil States International during the first quarter.
• Oil States International's latest quarterly earnings report showed a net margin of 1.02% with revenue of $165.41 million, a decline of 11.3% year-over-year, while analysts are predicting an EPS of 0.16 for the current year.

Quantbot Technologies LP raised its stake in Oil States International, Inc. (NYSE:OIS - Free Report) by 213.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,473 shares of the oil and gas company's stock after buying an additional 54,080 shares during the period. Quantbot Technologies LP owned about 0.13% of Oil States International worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in OIS. GAMMA Investing LLC lifted its position in shares of Oil States International by 2,343.3% in the 1st quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock worth $155,000 after purchasing an additional 28,870 shares during the period. Marshall Wace LLP purchased a new position in shares of Oil States International in the fourth quarter worth $97,000. 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 worth $191,000 after buying an additional 17,019 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Oil States International by 18.2% in the fourth 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. Finally, New York State Common Retirement Fund raised its holdings in shares of Oil States International by 944.2% during the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock worth $50,000 after purchasing an additional 8,800 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OIS. Wall Street Zen cut shares of Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Susquehanna raised their target price on shares of Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $7.25.

Oil States International Stock Up 0.4%

Shares of NYSE OIS traded up $0.03 during trading on Friday, hitting $5.59. The company had a trading volume of 512,267 shares, compared to its average volume of 631,503. The stock has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $4.87. Oil States International, Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $5.99. The firm has a market capitalization of $338.41 million, a price-to-earnings ratio of 50.78 and a beta of 1.87.

Oil States International (NYSE:OIS - Get Free Report) last announced its earnings results on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The business had revenue of $165.41 million for the quarter, compared to analyst estimates of $171.50 million. During the same quarter last year, the business earned $0.07 earnings per share. The company's revenue for the quarter was down 11.3% compared to the same quarter last year. On average, analysts anticipate that Oil States International, Inc. will post 0.16 earnings per share for the current year.

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.