Oil States International, Inc. (NYSE:OIS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in Oil States International, Inc. (NYSE:OIS) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,381,544 shares of the oil and gas company’s stock after selling 12,565 shares during the quarter. Geode Capital Management LLC owned 2.19% of Oil States International worth $6,357,000 at the end of the most recent reporting period.

Separately, BNP Paribas Financial Markets boosted its holdings in Oil States International by 40.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock valued at $235,000 after acquiring an additional 14,654 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Trading Up 1.9 %

NYSE:OIS opened at $5.33 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. Oil States International, Inc. has a 1 year low of $3.91 and a 1 year high of $6.74. The stock has a market cap of $336.38 million, a P/E ratio of -16.15 and a beta of 2.64. The stock has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $4.86.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The business had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts anticipate that Oil States International, Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus cut 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 note on Friday, October 11th. Susquehanna reduced their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research note on Wednesday.

About Oil States International

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.