Wedge Capital Management L L P NC Buys Shares of 113,196 Oil States International, Inc. (NYSE:OIS)

Wedge Capital Management L L P NC purchased a new stake in Oil States International, Inc. (NYSE:OIS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 113,196 shares of the oil and gas company’s stock, valued at approximately $769,000.

Several other hedge funds have also recently bought and sold shares of OIS. Kennedy Capital Management LLC raised its holdings in Oil States International by 63.1% in the third quarter. Kennedy Capital Management LLC now owns 528,240 shares of the oil and gas company’s stock valued at $4,421,000 after buying an additional 204,298 shares during the period. Gendell Jeffrey L raised its holdings in Oil States International by 6.3% in the third quarter. Gendell Jeffrey L now owns 3,007,167 shares of the oil and gas company’s stock valued at $25,170,000 after buying an additional 179,186 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in Oil States International in the fourth quarter valued at approximately $400,000. SG Americas Securities LLC acquired a new stake in Oil States International in the third quarter valued at approximately $312,000. Finally, Foundry Partners LLC grew its position in Oil States International by 3.1% in the third quarter. Foundry Partners LLC now owns 956,021 shares of the oil and gas company’s stock valued at $8,002,000 after acquiring an additional 28,762 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Stock Up 1.3 %

Shares of NYSE:OIS opened at $5.32 on Friday. The company has a quick ratio of 1.82, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. Oil States International, Inc. has a 52-week low of $5.15 and a 52-week high of $9.02. The company has a 50 day moving average of $5.80 and a two-hundred day moving average of $6.47. The company has a market capitalization of $341.60 million, a price-to-earnings ratio of 26.60 and a beta of 2.56.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Oil States International had a net margin of 1.65% and a return on equity of 2.20%. The company had revenue of $208.30 million during the quarter, compared to the consensus estimate of $216.22 million. During the same quarter last year, the company earned $0.05 earnings per share. Oil States International’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts forecast that Oil States International, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Susquehanna reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of Oil States International in a research report on Monday, April 8th.

Oil States International Company Profile

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.