JB Capital Partners LP Makes New Investment in Oil States International, Inc. $OIS

JB Capital Partners LP acquired a new stake in Oil States International, Inc. (NYSE:OIS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 85,000 shares of the oil and gas company’s stock, valued at approximately $680,850,000. JB Capital Partners LP owned 0.14% of Oil States International at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in Oil States International during the 1st quarter valued at about $50,000. EverSource Wealth Advisors LLC increased its stake in Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares during the period. Entropy Technologies LP acquired a new stake in shares of Oil States International during the first quarter worth about $119,000. BNP Paribas Financial Markets lifted its position in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 5,779 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Oil States International by 19.5% in the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Oil States International Stock Performance

Shares of OIS opened at $8.67 on Friday. Oil States International, Inc. has a 1 year low of $5.12 and a 1 year high of $14.50. The stock has a market capitalization of $523.00 million, a PE ratio of -4.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.29 and a current ratio of 2.35. The stock has a 50-day simple moving average of $8.29 and a 200-day simple moving average of $9.71.

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

Oil States International Profile

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.