Oil States International, Inc. (NYSE:OIS) Short Interest Update

Key Points

• Short interest jumped 33.0% in March to 2,230,665 shares (about 4.0% of the float), lifting the days-to-cover to 2.2 and signaling a notable increase in bearish positioning.
• Institutional investors own roughly 97.44% of the stock with several funds recently increasing stakes, while analysts hold a consensus Moderate Buy rating and a $14 price target (2 Buys, 2 Holds).
• Shares traded down 5.8% to $10.24; the company reported quarterly EPS of $0.13 (beating estimates) and revenue of $178.46M (slightly below estimates) with revenue up 8.4% year‑over‑year and a market cap of about $616M.

Oil States International, Inc. (NYSE:OIS - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,230,665 shares, an increase of 33.0% from the March 15th total of 1,677,680 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 1,028,224 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company's stock worth $97,000 after acquiring an additional 2,332 shares during the period. NewEdge Advisors LLC boosted its holdings in Oil States International by 20.5% during the third quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company's stock worth $115,000 after buying an additional 3,222 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company's stock worth $37,000 after buying an additional 4,740 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Oil States International by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company's stock worth $1,981,000 after buying an additional 4,989 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company's stock worth $70,000 after buying an additional 5,779 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OIS. Weiss Ratings restated a "hold (c)" rating on shares of Oil States International in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Oil States International from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Raymond James Financial restated an "outperform" rating and issued a $14.00 price objective on shares of Oil States International in a research note on Monday, February 23rd. Stifel Nicolaus lifted their price objective on shares of Oil States International from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Finally, Susquehanna boosted their price target on shares of Oil States International from $8.00 to $13.00 and gave the stock a "neutral" rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Oil States International presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Oil States International Trading Down 5.8%

Shares of Oil States International stock traded down $0.63 on Friday, reaching $10.24. 727,776 shares of the stock were exchanged, compared to its average volume of 1,088,603. Oil States International has a 1-year low of $3.33 and a 1-year high of $14.50. The business has a fifty day moving average price of $11.55 and a two-hundred day moving average price of $8.51. The firm has a market capitalization of $616.27 million, a PE ratio of -5.36 and a beta of 1.27.

Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Oil States International had a negative net margin of 16.35% and a positive return on equity of 3.27%. The business had revenue of $178.46 million for the quarter, compared to analyst estimates of $178.92 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. Research analysts expect that Oil States International will post 0.16 EPS for the current year.

About Oil States International

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.

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