Bank of New York Mellon Corp Lowers Stock Holdings in Oil States International, Inc. (NYSE:OIS)

Bank of New York Mellon Corp reduced its holdings in Oil States International, Inc. (NYSE:OIS) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,263 shares of the oil and gas company’s stock after selling 23,592 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.34% of Oil States International worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 14,654 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th.

Oil States International Trading Up 2.2 %

NYSE OIS opened at $5.41 on Tuesday. The firm has a market capitalization of $333.82 million, a price-to-earnings ratio of -16.38 and a beta of 2.57. 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 one year low of $3.91 and a one year high of $6.53. The company’s 50 day moving average price is $5.26 and its 200 day moving average price is $5.06.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, February 21st. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. 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 $164.60 million for the quarter, compared to the consensus estimate of $173.33 million. On average, sell-side analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Oil States International Company Profile

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.