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

JB Capital Partners LP acquired a new position in shares of Oil States International, Inc. (NYSE:OIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,000 shares of the oil and gas company’s stock, valued at approximately $575,000. JB Capital Partners LP owned approximately 0.14% of Oil States International at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings 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 worth $37,000 after purchasing an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets grew its holdings 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 worth $70,000 after purchasing an additional 5,779 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Oil States International during the second quarter worth about $84,000. SG Americas Securities LLC grew its holdings 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 worth $263,000 after purchasing an additional 19,993 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Oil States International during the second quarter worth about $505,000. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Analysts Set New Price Targets

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

Oil States International Price Performance

Shares of OIS opened at $8.51 on Friday. The firm has a market cap of $511.92 million, a P/E ratio of -4.38 and a beta of 1.09. The stock has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $9.37. Oil States International, Inc. has a 1 year low of $4.75 and a 1 year high of $14.50.

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

Oil States International 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.