Oil States International, Inc. (NYSE:OIS) Experiences Lighter than Average Trading Volume


90K shares changed hands on Friday. Shares saw a steep decrease in trading volume of 91.41% under the normal average daily volume.

Investors are feeling more bullish on shares of Oil States International, Inc. of late if you put credence in the motion in short interest. The firm saw a fall in short interest of -25.09% as of the latest report on August 31, 2017. Short shares decreased 1,870,808 over that timeframe. The short-interest ratio decreased to 8.0 and the percentage of shorted shares is 0.11% as of August 31.

Additionally, here are a few investment firms who have increased or decreased their stake in (OIS). As of the end of the quarter Majedie Asset Management Ltd had sold a total of 39,248 shares trimming its stake by 40.7%. The value of the investment in (OIS) decreased from $3,194,000 to $1,550,000 a change of 51.5% quarter over quarter. Netols Asset Management, Inc. trimmed its position by shedding 14,178 shares a decrease of 8.1%. Netols Asset Management, Inc. currently owns 160,950 shares with a value of $5,335,000. The value of the position overall is down by 21.9%.

As of quarter end Ironbridge Capital Management Lp had disposed of 3,580 shares trimming its position 2.1%. The value of the company’s investment in Oil States International, Inc. went from $6,622,000 to $5,510,000 decreasing 16.8% quarter to quarter. As of the end of the quarter Point72 Asset Management, L.p. had bought 213,588 shares growing its holdings by 443.0%. The value of the investment in OIS went from $1,598,000 to $7,108,000 a change of $5,510,000 since the last quarter.

On June 21 the stock rating was downgraded from “Overweight” to “Equal-Weight” in a report from Morgan Stanley. On July 7 the company was downgraded to “Market Perform” from “Outperform” by analysts at Wells Fargo.

The company is down from yesterday’s close of 25.55. It is trading at $25.30 slightly over $23.68, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $27.35. The 50 day moving average moved up $1.62 whereas the 200 day average was down by -7.49%.

In the latest earnings report the EPS was $-1.06 and is projected to be $-0.97 for the current year with 51,100,000 shares currently outstanding. Next quarter’s EPS is estimated at $-0.14 with next year’s EPS projected to be $-0.18.

Oil States International, Inc., launched on July 6, 1995, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services. The Company operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. Its customers include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies..