Oil States International, Inc. (NYSE:OIS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Oil States International, Inc. (NYSE:OIS) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,381,544 shares of the oil and gas company’s stock after selling 12,565 shares during the quarter. Geode Capital Management LLC’s holdings in Oil States International were worth $6,357,000 as of its most recent SEC filing.

Separately, SG Americas Securities LLC lifted its stake in shares of Oil States International by 83.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 10,087 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

Oil States International Price Performance

Shares of NYSE:OIS opened at $5.33 on Friday. The firm has a market capitalization of $336.38 million, a price-to-earnings ratio of -16.15 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. The business’s 50 day simple moving average is $5.12 and its 200-day simple moving average is $4.86. Oil States International, Inc. has a 12 month low of $3.91 and a 12 month high of $6.74.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OIS. Susquehanna dropped their price target on shares of 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. Stifel Nicolaus cut their target price on Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research note on Wednesday.

Oil States International Company 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.