Oil States International (OIS) : Wilen Investment Management Corp. reduced its stake in Oil States International by 0.83% during the most recent quarter end. The investment management company now holds a total of 35,733 shares of Oil States International which is valued at $1,100,219 after selling 300 shares in Oil States International , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Oil States International makes up approximately 0.68% of Wilen Investment Management Corp.’s portfolio.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in OIS in the latest quarter, The investment management firm added 417 additional shares and now holds a total of 17,099 shares of Oil States International which is valued at $526,478. Oil States International makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio. Capital Fund Management S.a. added OIS to its portfolio by purchasing 130,615 company shares during the most recent quarter which is valued at $3,932,818. Oil States International makes up approx 0.07% of Capital Fund Management S.a.’s portfolio.
Oil States International opened for trading at $32.23 and hit $33.07 on the upside on Monday, eventually ending the session at $32.66, with a gain of 2.19% or 0.7 points. The heightened volatility saw the trading volume jump to 6,97,964 shares. Company has a market cap of $1,677 M.
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. Company shares were Upgraded by Scotia Howard Weil on Jun 22, 2016 to ” Sector Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $34 .
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.