Oil States International (NYSE:OIS) CEO Sells $99,630.00 in Stock

Oil States International, Inc. (NYSE:OIS) CEO Cindy Taylor sold 14,760 shares of Oil States International stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total value of $99,630.00. Following 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 filing with the SEC, which is available at this hyperlink.

Oil States International Trading Down 0.2%

NYSE OIS traded down $0.02 during midday trading on Wednesday, hitting $6.76. The company had a trading volume of 392,284 shares, compared to its average volume of 680,447. Oil States International, Inc. has a twelve month low of $3.08 and a twelve month high of $7.19. The firm has a 50-day moving average price of $6.36 and a 200-day moving average price of $5.77. The company has a market capitalization of $404.15 million, a PE ratio of 18.28 and a beta of 1.30.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Oil States International had a return on equity of 2.85% and a net margin of 3.52%.The business had revenue of $165.18 million for the quarter, compared to the consensus estimate of $169.01 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. Oil States International’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OIS shares. Susquehanna raised their price objective on shares of Oil States International from $5.50 to $6.50 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.50.

Hedge Funds Weigh In On Oil States International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in Oil States International in the first quarter worth about $266,000. Jump Financial LLC bought a new stake in shares of Oil States International in the first quarter worth about $286,000. Hillsdale Investment Management Inc. boosted its position in shares of Oil States International by 46.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company’s stock valued at $6,294,000 after acquiring an additional 373,500 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Oil States International by 187.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock worth $95,000 after buying an additional 11,545 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Oil States International by 454.3% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock valued at $1,352,000 after purchasing an additional 206,678 shares during the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.