Could Oil States International Inc (NYSE:OIS) Change Direction After Less Shorts?

October 11, 2018 - By whatsonthorold

Investors sentiment decreased to 1.54 in 2018 Q2. Its down 0.27, from 1.81 in 2018Q1. It worsened, as 14 investors sold Oil States International, Inc. shares while 45 reduced holdings. 23 funds opened positions while 68 raised stakes. 66.45 million shares or 5.31% more from 63.10 million shares in 2018Q1 were reported.
Royal Bank Of Canada has invested 0% in Oil States International, Inc. (NYSE:OIS). Cornerstone Advisors has invested 0% of its portfolio in Oil States International, Inc. (NYSE:OIS). Geode Capital Management Limited Liability Corporation holds 562,058 shares. Jefferies Ltd Company, New York-based fund reported 23,377 shares. California-based Rice Hall James And Assocs Lc has invested 0.67% in Oil States International, Inc. (NYSE:OIS). Commercial Bank Of Mellon Corporation holds 1.58 million shares or 0.01% of its portfolio. Ameriprise holds 0% in Oil States International, Inc. (NYSE:OIS) or 339,173 shares. Nikko Asset Mgmt Americas invested in 0.2% or 205,660 shares. Magnetar Fincl Ltd Liability Com has 0.01% invested in Oil States International, Inc. (NYSE:OIS). Earnest Ptnrs Lc stated it has 0.63% in Oil States International, Inc. (NYSE:OIS). Moreover, Pnc Fincl Grp has 0% invested in Oil States International, Inc. (NYSE:OIS). Fisher Asset Management Lc holds 0% of its portfolio in Oil States International, Inc. (NYSE:OIS) for 37,100 shares. Swiss Retail Bank holds 0% in Oil States International, Inc. (NYSE:OIS) or 99,300 shares. Sei Invests reported 0% of its portfolio in Oil States International, Inc. (NYSE:OIS). Envestnet Asset reported 645 shares or 0% of all its holdings.

Since August 29, 2018, it had 0 insider purchases, and 1 sale for $81,039 activity.

The stock of Oil States International Inc (NYSE:OIS) registered a decrease of 2.45% in short interest. OIS’s total short interest was 5.64 million shares in October as published by FINRA. Its down 2.45% from 5.78 million shares, reported previously. With 347,400 shares average volume, it will take short sellers 16 days to cover their OIS’s short positions.

The stock decreased 2.81% or $0.88 during the last trading session, reaching $30.4. About 82,415 shares traded. Oil States International, Inc. (NYSE:OIS) has risen 29.52% since October 11, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Oil States International, Inc., through its subsidiaries, provides specialty services and products to oil and natural gas related companies worldwide. The company has market cap of $1.82 billion. It operates through two divisions, Offshore Products and Well Site Services. It currently has negative earnings. The Offshore Products segment engages in the design, manufacture, fabricate, inspect, assemble, repair, test, and market of OEM equipment for mooring, pipeline, production and drilling risers, and subsea applications along with equipment for offshore vessel and rig construction.

Oil States International, Inc. (NYSE:OIS) Ratings Coverage

Among 8 analysts covering Oil States International (NYSE:OIS), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Oil States International had 9 analyst reports since April 13, 2018 according to SRatingsIntel. The stock of Oil States International, Inc. (NYSE:OIS) has “Hold” rating given on Monday, April 30 by Cowen & Co. Wells Fargo downgraded it to “Hold” rating and $3800 target in Monday, April 30 report. On Tuesday, July 31 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was downgraded by J.P. Morgan on Friday, April 27 to “Hold”. JP Morgan downgraded the shares of OIS in report on Friday, April 27 to “Neutral” rating. Cowen & Co maintained it with “Hold” rating and $2500 target in Friday, April 13 report.

Another recent and important Oil States International, Inc. (NYSE:OIS) news was published by Nasdaq.com which published an article titled: “DynaEnergetics Announces Successful Defense of Alleged Patent Infringement” on October 11, 2018.

Oil States International, Inc. (NYSE:OIS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>