Pacer Advisors Inc. Makes New $2.84 Million Investment in Oil States International, Inc. $OIS

Pacer Advisors Inc. purchased a new stake in Oil States International, Inc. (NYSE:OIS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 243,924 shares of the oil and gas company’s stock, valued at approximately $2,839,000.

A number of other hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Oil States International by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock worth $108,000 after buying an additional 1,502 shares during the period. Entropy Technologies LP acquired a new position in Oil States International during the 1st quarter worth $119,000. Hillsdale Investment Management Inc. grew its stake in shares of Oil States International by 7.3% in the first quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company’s stock worth $669,000 after purchasing an additional 3,900 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Oil States International by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock valued at $1,981,000 after purchasing an additional 4,989 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Oil States International Trading Down 0.4%

Shares of OIS opened at $8.30 on Friday. Oil States International, Inc. has a 1-year low of $4.88 and a 1-year high of $14.50. The business’s 50-day moving average price is $8.21 and its 200 day moving average price is $9.69. The company has a current ratio of 2.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $500.50 million, a P/E ratio of -4.39 and a beta of 1.11.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $158.02 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts expect that Oil States International, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OIS. Susquehanna decreased their target price on shares of Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Wall Street Zen cut shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial lowered their price objective on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Weiss Ratings downgraded Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Finally, Stifel Nicolaus decreased their price target on Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.33.

About Oil States International

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.