Oil States International (NYSE:OIS) Shares Pass Above 200 Day Moving Average – Here’s Why

Oil States International, Inc. (NYSE:OIS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.05 and traded as high as $5.47. Oil States International shares last traded at $5.30, with a volume of 1,202,158 shares.

Analyst Upgrades and Downgrades

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

Oil States International Trading Down 2.3 %

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 firm has a market cap of $327.02 million, a PE ratio of -16.04 and a beta of 2.57. The company has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.05.

Oil States International (NYSE:OIS) last released its quarterly 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 for the quarter, compared to analyst estimates of $173.33 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. As a group, sell-side analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in 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 in the last quarter. Ethic Inc. increased its position in shares of Oil States International by 14.2% during the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company’s stock worth $239,000 after purchasing an additional 5,864 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Oil States International by 18.2% in the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock valued at $306,000 after purchasing an additional 9,303 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Oil States International by 82.4% in the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 17,019 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Oil States International during the 4th quarter worth $97,000. 97.44% of the stock is owned by institutional investors and hedge funds.

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.