Hennessy Advisors Inc. Boosts Holdings in Oil States International, Inc. (NYSE:OIS)

Hennessy Advisors Inc. raised its holdings in Oil States International, Inc. (NYSE:OIS) by 44.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 485,600 shares of the oil and gas company’s stock after purchasing an additional 148,300 shares during the period. Hennessy Advisors Inc. owned 0.76% of Oil States International worth $2,991,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kennedy Capital Management LLC lifted its position in Oil States International by 63.1% during the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock valued at $4,421,000 after purchasing an additional 204,298 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Oil States International by 19.9% during the fourth 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. Wedge Capital Management L L P NC bought a new stake in Oil States International during the fourth quarter valued at approximately $769,000. Nikko Asset Management Americas Inc. lifted its position in Oil States International by 19.3% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 15,340 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Oil States International by 19.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 94,843 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 15,340 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Price Performance

Oil States International stock traded up $0.08 during mid-day trading on Friday, reaching $4.41. The stock had a trading volume of 386,924 shares, compared to its average volume of 1,254,642. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.83 and a current ratio of 3.31. The company has a 50-day moving average price of $4.46 and a two-hundred day moving average price of $5.55. Oil States International, Inc. has a one year low of $3.91 and a one year high of $9.02.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, April 26th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $167.26 million for the quarter, compared to the consensus estimate of $190.08 million. Oil States International had a negative net margin of 0.35% and a positive return on equity of 1.62%. As a group, equities analysts anticipate that Oil States International, Inc. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OIS. StockNews.com lowered shares of Oil States International from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of Oil States International from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Piper Sandler decreased their target price on shares of Oil States International from $8.00 to $7.50 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Finally, Susquehanna decreased their target price on shares of Oil States International from $6.50 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.00.

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.