Oil States International (NYSE:OIS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Oil States International, Inc. (NYSE:OIS)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.65 and traded as high as $5.37. Oil States International shares last traded at $5.25, with a volume of 580,621 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of 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. StockNews.com lowered Oil States International from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Susquehanna reduced their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Piper Sandler lowered their target price on Oil States International from $7.50 to $5.50 and set a “neutral” rating on the stock in a research note on Monday, July 15th.

Oil States International Trading Down 0.9 %

The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average price is $4.72 and its two-hundred day moving average price is $4.65. The firm has a market cap of $331.33 million, a PE ratio of -15.91 and a beta of 2.64.

Oil States International (NYSE:OIS) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Oil States International, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Gendell Jeffrey L boosted its position in shares of Oil States International by 8.0% during the 1st quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock worth $17,848,000 after purchasing an additional 215,274 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Oil States International by 109.0% in the first quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock valued at $2,031,000 after purchasing an additional 171,971 shares in the last quarter. Quantbot Technologies LP grew its holdings in Oil States International by 524.0% during the 1st quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 85,973 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake 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 valued at $1,118,000 after acquiring an additional 74,983 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 34,979 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

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.