BNP Paribas Financial Markets Acquires 14,654 Shares of Oil States International, Inc. (NYSE:OIS)

BNP Paribas Financial Markets boosted its stake in shares of Oil States International, Inc. (NYSE:OIS) by 40.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,167 shares of the oil and gas company’s stock after acquiring an additional 14,654 shares during the quarter. BNP Paribas Financial Markets’ holdings in Oil States International were worth $235,000 as of its most recent SEC filing.

Separately, SG Americas Securities LLC grew its stake in shares of Oil States International by 83.1% during the third quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 10,087 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Stock Down 2.0 %

Shares of NYSE:OIS opened at $5.01 on Tuesday. The company has a market capitalization of $316.18 million, a PE ratio of -15.18 and a beta of 2.64. Oil States International, Inc. has a 52 week low of $3.91 and a 52 week high of $7.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The company has a 50 day moving average price of $5.04 and a two-hundred day moving average price of $4.79.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The company had revenue of $174.30 million for the quarter, compared to analyst estimates of $192.09 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts forecast that Oil States International, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on OIS. Stifel Nicolaus reduced their price objective on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna cut their price target on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com cut Oil States International from a “hold” rating to a “sell” rating in a report on Friday, November 1st.

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.