Oil States International (OIS) : Strs Ohio reduced its stake in Oil States International by 3.14% during the most recent quarter end. The investment management company now holds a total of 33,900 shares of Oil States International which is valued at $1,134,294 after selling 1,100 shares in Oil States International , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Oil States International makes up approximately 0.07% of Strs Ohio’s portfolio.
Oil States International opened for trading at $32.65 and hit $33.96 on the upside on Wednesday, eventually ending the session at $33.82, with a gain of 5.33% or 1.71 points. The heightened volatility saw the trading volume jump to 9,86,483 shares. Company has a market cap of $1,740 M.
Other Hedge Funds, Including , First Quadrant L Pca reduced its stake in OIS by selling 5,600 shares or 3.48% in the most recent quarter. The Hedge Fund company now holds 155,100 shares of OIS which is valued at $5,189,646. Oil States International makes up approx 0.11% of First Quadrant L Pca’s portfolio.New York State Teachers Retirement System reduced its stake in OIS by selling 100 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 90,200 shares of OIS which is valued at $3,018,092. Oil States International makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in OIS in the latest quarter, The investment management firm added 658 additional shares and now holds a total of 16,682 shares of Oil States International which is valued at $530,654. Oil States International makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Somerset Trust Co reduced its stake in OIS by selling 25 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 3,236 shares of OIS which is valued at $102,937. Oil States International makes up approx 0.07% of Somerset Trust Co’s portfolio.Wilen Investment Management Corp. reduced its stake in OIS by selling 900 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 36,033 shares of OIS which is valued at $1,146,210. Oil States International makes up approx 0.76% of Wilen Investment Management Corp.’s portfolio.
On the company’s financial health, Oil States International reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.19. The company had revenue of $169.66 million for the quarter, compared to analysts expectations of $191.57 million. The company’s revenue was down -49.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Oil States International. Oil States International was Upgraded by Piper Jaffray to ” Overweight” on Mar 31, 2016. Oil States International was Downgraded by Scotia Howard Weil to ” Sector Perform” on Mar 28, 2016. Shares were Reiterated by Deutsche Bank on Feb 22, 2016 to “Hold” and Lowered the Price Target to $ 24 from a previous price target of $30 .
Oil States International Inc. (Oil States) through its subsidiaries is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company operates in active oil and natural gas producing regions including onshore and offshore United States Canada West Africa the North Sea South America and Southeast and Central Asia. The Company operates in two segments: offshore products and well site services. The Company’s products and services include flexible bearings and advanced connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves manifold system components and diverter valves; marine winches mooring systems cranes and other heavy-lift rig equipment; production workover completion and drilling riser systems among others. The Company also offers well site services.