December 1, 2016 - By Peter Erickson · 0 Comments
Oil States International Inc (NYSE:OIS) institutional sentiment increased to 1.47 in Q2 2016. Its up 0.38, from 1.09 in 2016Q1. The ratio is more positive, as 93 funds increased and started new positions, while 85 decreased and sold their positions in Oil States International Inc. The funds in our partner’s database now hold: 52.21 million shares, down from 58.84 million shares in 2016Q1. Also, the number of funds holding Oil States International Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 23 Reduced: 62 Increased: 63 New Position: 30.
Oil States International, Inc., through its subsidiaries, is a well-known provider of specialty services and products to oil and natural gas companies throughout the world. The company has a market cap of $2.08 billion. The Company’s divisions include offshore products and well site services. It currently has negative earnings. It creates and makes a number of products for the offshore energy industry through Offshore Products divisions.
About 200,009 shares traded hands. Oil States International, Inc. (NYSE:OIS) has risen 7.14% since April 28, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
Analysts await Oil States International, Inc. (NYSE:OIS) to report earnings on February, 15. They expect $-0.21 earnings per share, down 261.54% or $0.34 from last year’s $0.13 per share. After $-0.19 actual earnings per share reported by Oil States International, Inc. for the previous quarter, Wall Street now forecasts 10.53% negative EPS growth.
According to Zacks Investment Research, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services.”
Energy Opportunities Capital Management Llc holds 4.07% of its portfolio in Oil States International, Inc. for 411,194 shares. Viking Fund Management Llc owns 585,000 shares or 3.33% of their US portfolio. Moreover, Channing Capital Management Llc has 1.78% invested in the company for 1.29 million shares. The New York-based Sir Capital Management L.P. has invested 1.1% in the stock. Netols Asset Management Inc., a Wisconsin-based fund reported 143,334 shares.#img1#
Ratings analysis reveals 42% of Oil States’s analysts are positive. Out of 12 Wall Street analysts rating Oil States, 5 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $24 while the high is $45. The stock’s average target of $30.58 is -16.45% below today’s ($36.6) share price. OIS was included in 30 notes of analysts from July 29, 2015. Evercore upgraded the stock to “Buy” rating in Wednesday, June 29 report. The stock of Oil States International, Inc. (NYSE:OIS) earned “Buy” rating by Guggenheim on Monday, November 30. On Monday, May 2 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 29. Credit Suisse maintained the shares of OIS in a report on Friday, September 4 with “Neutral” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, October 26 report. The rating was initiated by Deutsche Bank with “Hold” on Thursday, August 20. The firm has “Sector Outperform” rating by Howard Weil given on Friday, February 19. The firm has “Market Perform” rating given on Friday, September 4 by BMO Capital Markets. The company was maintained on Monday, November 2 by RBC Capital Markets.
Oil States International, Inc., incorporated on July 6, 1995, through its subsidiaries, is a well-known provider of specialty services and products to oil and natural gas companies throughout the world. The Company’s divisions include offshore products and well site services. The Firm 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’s clients include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies.
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By Peter Erickson