Bank of New York Mellon Corp Decreases Stake in Oil States International, Inc. (NYSE:OIS)

Bank of New York Mellon Corp trimmed its holdings in shares of Oil States International, Inc. (NYSE:OIS) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 215,263 shares of the oil and gas company’s stock after selling 23,592 shares during the quarter. Bank of New York Mellon Corp’s holdings in Oil States International were worth $1,089,000 as of its most recent filing with the SEC.

Separately, BNP Paribas Financial Markets raised its stake in Oil States International by 40.1% during the third quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock valued at $235,000 after buying an additional 14,654 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

Oil States International Trading Up 2.2 %

Oil States International stock opened at $5.41 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. Oil States International, Inc. has a 1 year low of $3.91 and a 1 year high of $6.53. The firm’s 50-day moving average is $5.26 and its 200-day moving average is $5.06. The company has a market cap of $333.82 million, a P/E ratio of -16.38 and a beta of 2.57.

Oil States International (NYSE:OIS) last posted its earnings results on Friday, February 21st. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $164.60 million during the quarter, compared to analyst estimates of $173.33 million. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. On average, equities analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th.

Oil States International 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.