Parallel Advisors LLC Invests $35,000 in Oil States International, Inc. (NYSE:OIS)

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Parallel Advisors LLC acquired a new position in shares of Oil States International, Inc. (NYSE:OIS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,935 shares of the oil and gas company’s stock, valued at approximately $35,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Oil States International during the 2nd quarter worth about $211,000. Piedmont Investment Advisors Inc. increased its holdings in Oil States International by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,112 shares of the oil and gas company’s stock worth $256,000 after buying an additional 845 shares during the last quarter. Mason Street Advisors LLC boosted its position in Oil States International by 4.3% during the first quarter. Mason Street Advisors LLC now owns 19,429 shares of the oil and gas company’s stock worth $330,000 after purchasing an additional 802 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Oil States International by 3.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,130 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 900 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Oil States International by 494.8% during the first quarter. BNP Paribas Arbitrage SA now owns 35,339 shares of the oil and gas company’s stock worth $599,000 after purchasing an additional 29,398 shares during the period.

NYSE:OIS traded up $0.18 during mid-day trading on Wednesday, reaching $13.04. The company’s stock had a trading volume of 7,599 shares, compared to its average volume of 721,215. Oil States International, Inc. has a 12-month low of $11.73 and a 12-month high of $34.66. The firm’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $16.59. The company has a current ratio of 2.67, a quick ratio of 1.57 and a debt-to-equity ratio of 0.22. The stock has a market cap of $789.05 million, a P/E ratio of -108.67 and a beta of 2.26.

Oil States International (NYSE:OIS) last released its earnings results on Monday, July 29th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The business had revenue of $264.70 million during the quarter, compared to analysts’ expectations of $273.73 million. Oil States International had a negative return on equity of 2.29% and a negative net margin of 4.02%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts predict that Oil States International, Inc. will post -0.51 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on OIS shares. Royal Bank of Canada cut their price objective on shares of Oil States International to $23.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 30th. Raymond James decreased their price target on shares of Oil States International from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. Zacks Investment Research downgraded shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Cowen reissued a “market perform” rating and set a $21.00 price target (up from $18.00) on shares of Oil States International in a research note on Monday, May 6th. Finally, Piper Jaffray Companies set a $16.00 price target on shares of Oil States International and gave the stock a “hold” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.62.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products.

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Institutional Ownership by Quarter for Oil States International (NYSE:OIS)

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