Oil States International, Inc. (NYSE:OIS) Director Kleef William T. Van Sells 7,383 Shares

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Oil States International, Inc. (NYSE:OIS) Director Kleef William T. Van sold 7,383 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $17.44, for a total value of $128,759.52. Following the transaction, the director now directly owns 38,326 shares of the company’s stock, valued at approximately $668,405.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

OIS stock opened at $17.61 on Friday. Oil States International, Inc. has a fifty-two week low of $11.73 and a fifty-two week high of $21.27. The business’s 50-day moving average is $15.74 and its two-hundred day moving average is $15.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.42 and a current ratio of 2.48. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -146.75 and a beta of 2.36.

Oil States International (NYSE:OIS) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Oil States International had a negative return on equity of 2.71% and a negative net margin of 6.70%. The firm had revenue of $263.70 million for the quarter, compared to the consensus estimate of $266.70 million. During the same quarter last year, the company earned ($0.07) earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Oil States International, Inc. will post -0.55 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of OIS. Parallel Advisors LLC bought a new position in shares of Oil States International in the second quarter worth about $35,000. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 11.9% in the third quarter. Public Employees Retirement System of Ohio now owns 9,297 shares of the oil and gas company’s stock worth $124,000 after buying an additional 987 shares during the period. Neuburgh Advisers LLC raised its stake in shares of Oil States International by 20.8% in the second quarter. Neuburgh Advisers LLC now owns 9,472 shares of the oil and gas company’s stock worth $173,000 after buying an additional 1,632 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Oil States International in the second quarter worth about $211,000. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Oil States International by 20.8% in the second quarter. Glen Harbor Capital Management LLC now owns 13,024 shares of the oil and gas company’s stock worth $238,000 after buying an additional 2,244 shares during the period.

Several research analysts have recently commented on the company. Morgan Stanley cut their price objective on Oil States International from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. G.Research reissued a “buy” rating on shares of Oil States International in a report on Monday, October 28th. Finally, Wells Fargo & Co lowered Oil States International from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Oil States International currently has a consensus rating of “Hold” and an average target price of $20.25.

Oil States International Company Profile

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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