New York State Teachers Retirement System Sells 6,743 Shares of Oil States International, Inc. (NYSE:OIS)

New York State Teachers Retirement System cut its stake in Oil States International, Inc. (NYSE:OIS) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,982 shares of the oil and gas company’s stock after selling 6,743 shares during the period. New York State Teachers Retirement System owned 0.16% of Oil States International worth $692,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Oil States International by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 641,078 shares of the oil and gas company’s stock valued at $4,456,000 after buying an additional 17,123 shares during the period. MetLife Investment Management LLC lifted its stake in Oil States International by 23.8% in the first quarter. MetLife Investment Management LLC now owns 30,522 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 5,864 shares during the period. Rhumbline Advisers lifted its stake in Oil States International by 2.9% in the first quarter. Rhumbline Advisers now owns 204,495 shares of the oil and gas company’s stock valued at $1,421,000 after buying an additional 5,849 shares during the period. Yousif Capital Management LLC lifted its stake in Oil States International by 3.6% in the first quarter. Yousif Capital Management LLC now owns 58,030 shares of the oil and gas company’s stock valued at $403,000 after buying an additional 2,010 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Oil States International by 249.3% in the first quarter. Quantbot Technologies LP now owns 77,522 shares of the oil and gas company’s stock valued at $538,000 after buying an additional 55,327 shares during the period. 97.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Susquehanna reissued a “neutral” rating and issued a $6.50 price target on shares of Oil States International in a research note on Monday, April 8th.

Oil States International Stock Performance

NYSE OIS opened at $5.43 on Friday. The company has a market cap of $348.66 million, a P/E ratio of 27.15 and a beta of 2.56. The company has a fifty day simple moving average of $5.87 and a 200 day simple moving average of $6.56. The company has a current ratio of 3.10, a quick ratio of 1.82 and a debt-to-equity ratio of 0.19. Oil States International, Inc. has a 12-month low of $5.22 and a 12-month high of $9.02.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Oil States International had a net margin of 1.65% and a return on equity of 2.20%. The firm had revenue of $208.30 million for the quarter, compared to analyst estimates of $216.22 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Oil States International, Inc. will post 0.28 earnings per share for the current fiscal year.

Oil States International Profile

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.