Oil States International (NYSE:OIS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Oil States International, Inc. (NYSE:OIS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.67 and traded as high as $5.46. Oil States International shares last traded at $5.36, with a volume of 354,800 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on OIS. Stifel Nicolaus lowered their price objective on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Susquehanna decreased their price target on Oil States International from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, StockNews.com cut shares of Oil States International from a “hold” rating to a “sell” rating in a research report on Friday, November 1st.

Oil States International Stock Performance

The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $338.27 million, a P/E ratio of -16.15 and a beta of 2.64. The company has a 50 day moving average price of $4.79 and a 200-day moving average price of $4.69.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The firm had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts expect that Oil States International, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Oil States International by 109.0% during the first quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock worth $2,031,000 after purchasing an additional 171,971 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Oil States International by 202.1% during the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock worth $322,000 after acquiring an additional 34,979 shares during the last quarter. Comerica Bank increased its position in Oil States International by 46.6% in the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after acquiring an additional 14,631 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 23.4% during the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 16,160 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Oil States International by 42.4% during the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company’s stock worth $1,118,000 after purchasing an additional 74,983 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

About Oil States International

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.