Institutional Investor Sentiment About Oil States International Inc (NYSE:OIS) Improved

October 2, 2018 - By Peter Kolinski

Sentiment for Oil States International Inc (NYSE:OIS)

Oil States International Inc (NYSE:OIS) institutional sentiment decreased to 1.54 in Q2 2018. Its down -0.27, from 1.81 in 2018Q1. The ratio has dropped, as 91 institutional investors started new or increased stock positions, while 59 decreased and sold their positions in Oil States International Inc. The institutional investors in our partner’s database now own: 66.45 million shares, up from 63.10 million shares in 2018Q1. Also, the number of institutional investors holding Oil States International Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 14 Reduced: 45 Increased: 68 New Position: 23.

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 $2.01 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.

The stock increased 0.42% or $0.14 during the last trading session, reaching $33.44. About 173,513 shares traded. Oil States International, Inc. (NYSE:OIS) has risen 29.52% since October 2, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Analysts await Oil States International, Inc. (NYSE:OIS) to report earnings on October, 25. They expect $0.05 earnings per share, up 118.52 % or $0.32 from last year’s $-0.27 per share. OIS’s profit will be $3.00 million for 167.20 P/E if the $0.05 EPS becomes a reality. After $0.05 actual earnings per share reported by Oil States International, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Energy Opportunities Capital Management Llc holds 4.21% of its portfolio in Oil States International, Inc. for 215,271 shares. Channing Capital Management Llc owns 1.76 million shares or 1.99% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.22% invested in the company for 413,480 shares. The California-based Rice Hall James & Associates Llc has invested 0.67% in the stock. Wilen Investment Management Corp., a Florida-based fund reported 30,731 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $81,039 activity.

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

Ratings analysis reveals 13% of Oil States International’s analysts are positive. Out of 8 Wall Street analysts rating Oil States International, 1 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $2500 while the high is $40. The stock’s average target of $34 is 1.67% above today’s ($33.44) share price. OIS was included in 9 notes of analysts from April 13, 2018. The firm earned “Hold” rating on Friday, April 27 by J.P. Morgan. The rating was maintained by Cowen & Co with “Hold” on Friday, April 13. The stock of Oil States International, Inc. (NYSE:OIS) earned “Neutral” rating by JP Morgan on Friday, April 27. Credit Suisse maintained it with “Neutral” rating and $37 target in Tuesday, July 31 report. On Monday, April 30 the stock rating was downgraded by Wells Fargo to “Hold”. On Monday, April 30 the stock rating was maintained by Cowen & Co with “Hold”.

Another recent and important Oil States International, Inc. (NYSE:OIS) news was published by Streetinsider.com which published an article titled: “Morgan Stanley Starts Oil States International (OIS) at Equalweight” on September 19, 2018.

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

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