Oil States International (NYSE:OIS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.08 and traded as high as $9.29. Oil States International shares last traded at $9.1450, with a volume of 771,760 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OIS shares. Susquehanna cut their target price on shares of Oil States International from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $14.00 target price on shares of Oil States International in a research report on Monday, February 23rd. Wall Street Zen lowered shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Oil States International from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus raised their target price on shares of Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.33.

Oil States International Stock Up 1.5%

The business’s 50 day moving average is $11.06 and its two-hundred day moving average is $9.08. The firm has a market cap of $550.44 million, a P/E ratio of -4.71 and a beta of 1.20.

Oil States International (NYSE:OIS) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Oil States International had a negative net margin of 17.03% and a positive return on equity of 3.62%. The business had revenue of $145.36 million during the quarter, compared to the consensus estimate of $153.79 million. During the same quarter last year, the firm earned $0.06 earnings per share. Oil States International’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts anticipate that Oil States International, Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Oil States International

A number of hedge funds have recently bought and sold shares of OIS. EverSource Wealth Advisors LLC raised its stake in Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after buying an additional 4,740 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Oil States International during the second quarter valued at about $84,000. Captrust Financial Advisors raised its holdings in shares of Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Oil States International by 71.5% during the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 7,845 shares during the period. Institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.