Oil States International, Inc. (NYSE:OIS) Short Interest Down 31.9% in December
by Sarita Garza · The Markets DailyOil States International, Inc. (NYSE:OIS – Get Free Report) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 927,458 shares, a decline of 31.9% from the December 15th total of 1,362,233 shares. Based on an average daily volume of 675,142 shares, the short-interest ratio is presently 1.4 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 675,142 shares, the short-interest ratio is presently 1.4 days.
Analyst Ratings Changes
Several equities analysts recently weighed in on OIS shares. Susquehanna increased their price target on shares of Oil States International from $6.50 to $8.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Wall Street Zen cut shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.00.
View Our Latest Stock Analysis on OIS
Oil States International Stock Up 0.1%
Shares of OIS stock traded up $0.01 during mid-day trading on Friday, hitting $8.20. 608,670 shares of the stock were exchanged, compared to its average volume of 838,134. Oil States International has a 52-week low of $3.08 and a 52-week high of $8.30. The company has a market cap of $489.65 million, a PE ratio of 22.15 and a beta of 1.27. The firm has a fifty day moving average of $6.82 and a 200 day moving average of $6.08.
Oil States International (NYSE:OIS – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $165.18 million during the quarter, compared to analysts’ expectations of $169.01 million. Oil States International had a net margin of 3.52% and a return on equity of 2.85%. Oil States International’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. Equities analysts predict that Oil States International will post 0.16 EPS for the current year.
Insider Buying and Selling
In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total transaction of $99,630.00. Following the completion of the sale, the chief executive officer directly owned 2,109,724 shares of the company’s stock, valued at approximately $14,240,637. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in OIS. Kennedy Capital Management LLC grew its stake in Oil States International by 1.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 2,011,509 shares of the oil and gas company’s stock valued at $10,782,000 after acquiring an additional 22,064 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in Oil States International by 7.9% during the third quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company’s stock valued at $7,675,000 after purchasing an additional 92,200 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Oil States International by 157.0% in the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 334,279 shares during the period. Russell Investments Group Ltd. grew its position in shares of Oil States International by 121.3% in the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 157,688 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Oil States International by 454.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock worth $1,352,000 after purchasing an additional 206,678 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.
Oil States International Company Profile
Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.
In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.