Oregon Public Employees Retirement Fund Buys 791 Shares of Oil States International, Inc. (NYSE:OIS)

Oregon Public Employees Retirement Fund boosted its stake in Oil States International, Inc. (NYSE:OIS) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,744 shares of the oil and gas company’s stock after buying an additional 791 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Oil States International were worth $509,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in OIS. Meadow Creek Investment Management LLC boosted its stake in Oil States International by 3.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,468 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 102 shares during the last quarter. Advantus Capital Management Inc boosted its position in shares of Oil States International by 3.0% in the first quarter. Advantus Capital Management Inc now owns 6,577 shares of the oil and gas company’s stock valued at $218,000 after buying an additional 192 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Oil States International by 1.6% in the first quarter. Meeder Asset Management Inc. now owns 19,750 shares of the oil and gas company’s stock valued at $655,000 after buying an additional 315 shares in the last quarter. US Bancorp DE boosted its position in shares of Oil States International by 5.0% in the first quarter. US Bancorp DE now owns 6,605 shares of the oil and gas company’s stock valued at $219,000 after buying an additional 317 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Oil States International by 5.9% in the first quarter. Public Employees Retirement System of Ohio now owns 7,404 shares of the oil and gas company’s stock valued at $245,000 after buying an additional 415 shares in the last quarter.

Oil States International, Inc. (OIS) opened at 21.25 on Friday. The company’s market cap is $1.09 billion. Oil States International, Inc. has a 52 week low of $20.90 and a 52 week high of $41.75. The stock has a 50 day moving average price of $25.59 and a 200 day moving average price of $30.39.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.03. Oil States International had a negative net margin of 7.94% and a negative return on equity of 4.21%. The firm had revenue of $171.40 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Oil States International, Inc. will post ($0.97) earnings per share for the current year.

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Several equities analysts have weighed in on OIS shares. BMO Capital Markets dropped their price objective on Oil States International from $33.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, July 14th. Zacks Investment Research cut Oil States International from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Wells Fargo & Company cut Oil States International from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a report on Friday, July 7th. Cowen and Company reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Oil States International in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $35.00 price objective (down from $37.00) on shares of Oil States International in a report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Oil States International currently has an average rating of “Hold” and an average price target of $35.00.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

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