Squarepoint Ops LLC Has $3.20 Million Stock Position in Oil States International, Inc. $OIS

Key Points

• Squarepoint Ops LLC increased its Oil States International stake by 1,228.6% in the second quarter, purchasing 369,621 additional shares for a total position worth approximately $3.20 million. Institutional investors and hedge funds collectively own 97.44% of OIS.
• Oil States reported quarterly EPS of $0.14, beating estimates of $0.11, while revenue reached $255.41 million versus the $158.02 million consensus estimate; revenue nevertheless declined 5.3% year over year.
• OIS shares opened at $8.66, within a 52-week range of $5.50 to $14.50. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $11.33 after several target reductions.

Squarepoint Ops LLC boosted its holdings in Oil States International, Inc. (NYSE:OIS - Free Report) by 1,228.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 399,706 shares of the oil and gas company's stock after purchasing an additional 369,621 shares during the quarter. Squarepoint Ops LLC owned about 0.66% of Oil States International worth $3,202,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OIS. Pacer Advisors Inc. bought a new position in Oil States International during the first quarter worth $2,839,000. Bank of New York Mellon Corp bought a new stake in Oil States International in the second quarter valued at $2,637,000. Kennedy Capital Management LLC increased its stake 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 in the last quarter. JB Capital Partners LP acquired a new position in shares of Oil States International during the fourth quarter valued at about $575,000. Finally, Entropy Technologies LP acquired a new position in shares of Oil States International during the first quarter valued at about $119,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Oil States International Stock Down 0.4%

OIS stock opened at $8.66 on Monday. The firm has a market capitalization of $522.31 million, a PE ratio of -4.58 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. Oil States International, Inc. has a twelve month low of $5.50 and a twelve month high of $14.50. The stock's 50 day moving average is $8.51 and its 200-day moving average is $9.61.

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

Analyst Upgrades and Downgrades

OIS has been the topic of a number of research analyst reports. Susquehanna cut their price objective on shares of Oil States International from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial decreased their target price on Oil States International from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, July 10th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Oil States International in a research note on Tuesday, September 8th. Finally, Stifel Nicolaus cut their price target on Oil States International from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Oil States International has an average rating of "Hold" and an average price target of $11.33.

Oil States International Company Profile

Oil States International, Inc is a diversified energy services and equipment company that supports oil and natural gas exploration, development and production. The company provides products and services used throughout the well life cycle, including drilling, completion, production and workover activities.

Oil States operates through businesses focused on well site services, downhole technologies and offshore and manufactured products. Its offerings include wellsite rental equipment and services, completion and production tools, downhole and casing-isolation technologies, and specialized equipment and systems for offshore energy projects.

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