MetLife Investment Management LLC Grows Stock Holdings in Oil States International, Inc. (NYSE:OIS)

MetLife Investment Management LLC grew its stake in Oil States International, Inc. (NYSE:OIS) by 82.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,681 shares of the oil and gas company’s stock after purchasing an additional 17,019 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Oil States International worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Oil States International during the fourth quarter worth about $97,000. Quantbot Technologies LP acquired a new stake in shares of Oil States International during the 4th quarter worth approximately $128,000. Finally, SG Americas Securities LLC increased its holdings in shares of Oil States International by 21.5% during the 4th quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock worth $137,000 after buying an additional 4,771 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Stock Up 6.0 %

NYSE:OIS opened at $4.51 on Friday. Oil States International, Inc. has a 52 week low of $3.08 and a 52 week high of $5.86. The stock’s fifty day moving average is $4.33 and its two-hundred day moving average is $4.89. The stock has a market capitalization of $278.72 million, a price-to-earnings ratio of -13.65 and a beta of 1.77. The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18.

Oil States International (NYSE:OIS) last posted its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $159.94 million for the quarter, compared to analyst estimates of $164.08 million. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. Oil States International’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Research analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on OIS. StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Susquehanna cut their price objective on Oil States International from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, April 14th.

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.