JB Capital Partners LP Invests $680,850 in Oil States International, Inc. $OIS

JB Capital Partners LP bought a new position in shares of Oil States International, Inc. (NYSE:OIS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,000 shares of the oil and gas company’s stock, valued at approximately $680,850. JB Capital Partners LP owned about 0.14% of Oil States International as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in shares of Oil States International in the 2nd quarter worth about $2,637,000. USA Financial Formulas acquired a new position in shares of Oil States International during the first quarter valued at $50,000. Wedge Capital Management L L P NC increased its position in shares of Oil States International by 52.0% during the second quarter. Wedge Capital Management L L P NC now owns 137,594 shares of the oil and gas company’s stock worth $1,102,000 after acquiring an additional 47,068 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Oil States International during the 1st quarter worth approximately $2,839,000. Finally, EverSource Wealth Advisors LLC raised its position in Oil States International by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 1,502 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

Oil States International Stock Performance

Shares of Oil States International stock traded up $0.06 during trading on Friday, hitting $8.73. 176,535 shares of the stock were exchanged, compared to its average volume of 904,891. The stock has a market capitalization of $526.62 million, a price-to-earnings ratio of -4.62 and a beta of 1.11. The company has a fifty day moving average price of $8.32 and a 200-day moving average price of $9.71. Oil States International, Inc. has a 1-year low of $5.37 and a 1-year high of $14.50. The company has a current ratio of 2.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.03.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $158.02 million. During the same quarter last year, the firm posted $0.09 EPS. Oil States International’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts predict that Oil States International, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OIS. Raymond James Financial lowered their price objective on Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Stifel Nicolaus dropped their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Finally, Susquehanna decreased their target price on Oil States International from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.33.

About Oil States International

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.