Key Points
- CEO Cindy Taylor sold 14,760 shares on December 16 at an average price of $6.75 for a total of $99,630, trimming her position by 0.69% but still holding 2,109,724 shares valued at about $14.24 million.
- Oil States shares traded around $6.79 (down ~0.5%), the company recently missed quarterly EPS and revenue estimates, and analysts have an average "Hold" rating with a consensus price target of $6.50.
Oil States International, Inc. (NYSE:OIS - Get Free Report) CEO Cindy Taylor sold 14,760 shares of the company's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total transaction of $99,630.00. Following the transaction, the chief executive officer owned 2,109,724 shares in the company, valued at $14,240,637. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Oil States International Trading Down 0.5%
Shares of NYSE:OIS traded down $0.04 on Thursday, hitting $6.79. 51,280 shares of the company were exchanged, compared to its average volume of 679,370. The firm has a market capitalization of $405.40 million, a P/E ratio of 18.34 and a beta of 1.30. Oil States International, Inc. has a 1-year low of $3.08 and a 1-year high of $7.19. The stock's 50 day moving average price is $6.37 and its 200 day moving average price is $5.77.
Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Oil States International had a return on equity of 2.85% and a net margin of 3.52%.The firm had revenue of $165.18 million during the quarter, compared to analysts' expectations of $169.01 million. During the same quarter last year, the business earned $0.04 EPS. The business's revenue was down 5.2% on a year-over-year basis. On average, equities analysts predict that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on OIS shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Oil States International in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Oil States International from a "buy" rating to a "hold" rating in a research note on Saturday, November 8th. Finally, Susquehanna upped their price objective on shares of Oil States International from $5.50 to $6.50 and gave the company a "neutral" rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.50.
Get Our Latest Analysis on Oil States International
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in Oil States International by 20.5% in the 3rd quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company's stock valued at $115,000 after acquiring an additional 3,222 shares during the period. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 4,740 shares during the period. New York State Teachers Retirement System purchased a new position in Oil States International during the second quarter valued at $29,000. BNP Paribas Financial Markets grew its position in shares of Oil States International by 98.8% in the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company's stock valued at $70,000 after purchasing an additional 5,779 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Oil States International by 71.5% during the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company's stock worth $114,000 after purchasing an additional 7,845 shares in the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.
Oil States International Company Profile
(
Get Free Report)
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.
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