Oil States International, Inc. (NYSE:OIS) Short Interest Down 17.9% in August

Oil States International, Inc. (NYSE:OIS) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,740,000 shares, a decrease of 17.9% from the August 15th total of 2,120,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 810,400 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On Oil States International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of Oil States International by 46.6% in the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 14,631 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Oil States International by 23.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 16,160 shares in the last quarter. Russell Investments Group Ltd. raised its position in Oil States International by 19.9% in the 4th quarter. Russell Investments Group Ltd. now owns 157,765 shares of the oil and gas company’s stock valued at $1,071,000 after purchasing an additional 26,137 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Oil States International by 202.1% in the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after purchasing an additional 34,979 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Oil States International by 42.4% during the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company’s stock worth $1,118,000 after purchasing an additional 74,983 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Oil States International Stock Up 2.0 %

Shares of OIS opened at $4.67 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.26 and a quick ratio of 1.75. Oil States International has a 1 year low of $3.91 and a 1 year high of $8.87. The stock has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $4.95.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Oil States International had a positive return on equity of 2.18% and a negative net margin of 0.25%. The firm had revenue of $186.40 million during the quarter, compared to analyst estimates of $183.40 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Oil States International will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Piper Sandler decreased their price objective on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a report on Monday, July 15th. StockNews.com raised Oil States International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Susquehanna boosted their price target on shares of Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Tuesday, July 30th.

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.