LSV Asset Management Buys New Holdings in Oil States International, Inc. $OIS

LSV Asset Management purchased a new position in shares of Oil States International, Inc. (NYSE:OIS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 180,506 shares of the oil and gas company’s stock, valued at approximately $1,094,000. LSV Asset Management owned approximately 0.30% of Oil States International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OIS. EverSource Wealth Advisors LLC lifted its position in shares of Oil States International by 221.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Oil States International during the 2nd quarter worth about $29,000. SG Americas Securities LLC boosted its position in shares of Oil States International by 71.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 7,845 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Oil States International during the 2nd quarter worth about $84,000. Finally, Kennedy Capital Management LLC increased its holdings in shares of Oil States International by 1.1% in the 2nd quarter. Kennedy Capital Management LLC now owns 2,011,509 shares of the oil and gas company’s stock valued at $10,782,000 after acquiring an additional 22,064 shares during the last quarter. 97.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oil States International

In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total transaction of $99,630.00. Following the completion of the sale, the chief executive officer directly owned 2,109,724 shares of the company’s stock, valued at $14,240,637. This represents a 0.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.80% of the stock is owned by company insiders.

Oil States International Stock Performance

Shares of Oil States International stock opened at $9.40 on Tuesday. The company has a market capitalization of $561.35 million, a P/E ratio of 25.39 and a beta of 1.30. Oil States International, Inc. has a 1 year low of $3.08 and a 1 year high of $9.51. The company’s fifty day moving average is $7.87 and its two-hundred day moving average is $6.59.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OIS. Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Susquehanna upped their target price on shares of Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.00.

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.