Wedge Capital Management L L P NC Sells 6,107 Shares of Oil States International, Inc. (NYSE:OIS)

Wedge Capital Management L L P NC reduced its stake in Oil States International, Inc. (NYSE:OIS) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,239 shares of the oil and gas company’s stock after selling 6,107 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Oil States International were worth $897,000 at the end of the most recent reporting period.

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

Oil States International Stock Performance

NYSE OIS opened at $5.75 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $362.57 million, a price-to-earnings ratio of -17.41 and a beta of 2.64. The firm’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $4.96. Oil States International, Inc. has a 1 year low of $3.91 and a 1 year high of $6.57.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $174.30 million for the quarter, compared to analyst estimates of $192.09 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, research analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OIS has been the topic of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Susquehanna decreased their target price on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, StockNews.com lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th.

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.