Trading Report: The Viking Fund Management LLC invests in Oil States International Inc. (OIS) Shares

The Viking Fund Management LLC invests in Oil States International Inc. (OIS) Shares

Viking Fund Management LLC raised its position in Oil States International Inc. (NYSE:OIS) by 12.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,000 shares of the company’s stock after buying an additional 75,000 shares during the period. Oil States International makes up about 3.4% of Viking Fund Management LLC’s investment portfolio, making the stock its 10th largest position. Viking Fund Management LLC’s holdings in Oil States International were worth $20,836,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OIS. Nationwide Fund Advisors raised its stake in Oil States International by 3.3% in the second quarter. Nationwide Fund Advisors now owns 132,803 shares of the company’s stock worth $4,367,000 after buying an additional 4,256 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Oil States International by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 84,608 shares of the company’s stock valued at $2,667,000 after buying an additional 1,671 shares in the last quarter. Nisa Investment Advisors L.L.C. raised its stake in Oil States International by 20.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 21,830 shares of the company’s stock valued at $688,000 after buying an additional 3,700 shares in the last quarter. Cortina Asset Management LLC raised its stake in Oil States International by 158.5% in the second quarter. Cortina Asset Management LLC now owns 163,707 shares of the company’s stock valued at $5,383,000 after buying an additional 100,366 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Oil States International during the second quarter valued at approximately $4,295,000.

Shares of Oil States International Inc. (NYSE:OIS) traded up 0.34% during trading on Thursday, reaching $32.75. 181,207 shares of the company’s stock were exchanged. Oil States International Inc. has a 52 week low of $21.44 and a 52 week high of $36.73. The stock’s market capitalization is $1.68 billion. The stock has a 50 day moving average price of $30.41 and a 200-day moving average price of $31.61.

Oil States International (NYSE:OIS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.05. The business earned $175.80 million during the quarter, compared to analyst estimates of $174.41 million. Oil States International had a negative return on equity of 0.92% and a negative net margin of 2.63%. The firm’s revenue was down 34.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. Analysts predict that Oil States International Inc. will post ($0.95) earnings per share for the current year.

OIS has been the topic of several analyst reports. Evercore ISI upgraded shares of Oil States International from a “hold” rating to a “buy” rating and raised their price target for the company from $25.00 to $37.00 in a research report on Wednesday, June 29th. Morgan Stanley initiated coverage on shares of Oil States International in a research report on Wednesday, August 10th. They set an “equal weight” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Simmons raised their price target on shares of Oil States International from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, June 22nd. Finally, Scotiabank upgraded shares of Oil States International from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $34.00 to $45.00 in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Oil States International has an average rating of “Hold” and a consensus price target of $36.47.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company’s segments include offshore products and well site services. It designs and manufactures a number of products for the offshore energy industry through Offshore Products segments.

Related posts

Leave a Comment