JB Capital Partners LP Takes $575,000 Position in Oil States International, Inc. $OIS

JB Capital Partners LP acquired a new stake in shares of Oil States International, Inc. (NYSE:OIS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 85,000 shares of the oil and gas company’s stock, valued at approximately $575,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 4,740 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Oil States International during the second quarter valued at approximately $84,000. SG Americas Securities LLC boosted its stake in shares of Oil States International by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 38,807 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 19,993 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Oil States International during the second quarter valued at approximately $505,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Stock Down 0.1%

Shares of Oil States International stock opened at $8.51 on Friday. The company has a market cap of $511.92 million, a PE ratio of -4.38 and a beta of 1.09. The business has a 50 day moving average of $9.72 and a 200 day moving average of $9.37. Oil States International, Inc. has a 52 week low of $4.75 and a 52 week high of $14.50.

Oil States International (NYSE:OIS) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $145.36 million during the quarter, compared to the consensus estimate of $153.79 million. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, research analysts anticipate that Oil States International, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OIS shares. Wall Street Zen lowered Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial reissued an “outperform” rating and set a $14.00 price objective on shares of Oil States International in a research note on Monday, February 23rd. Stifel Nicolaus upped their target price on Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Susquehanna decreased their target price on Oil States International from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.33.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.