Oil States International (NYSE:OIS) Shares Cross Above Two Hundred Day Moving Average of $4.92

Oil States International, Inc. (NYSE:OIS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.92 and traded as high as $4.96. Oil States International shares last traded at $4.83, with a volume of 413,096 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OIS shares. Piper Sandler cut their target price on shares of Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research note on Monday, July 15th. Susquehanna raised their price objective on Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th.

Oil States International Stock Performance

The business’s fifty day moving average is $4.93 and its two-hundred day moving average is $4.92. The stock has a market capitalization of $308.11 million, a PE ratio of -120.75 and a beta of 2.65. The company has a quick ratio of 1.75, a current ratio of 3.26 and a debt-to-equity ratio of 0.18.

Oil States International (NYSE:OIS) last issued its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $183.40 million. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. As a group, research analysts anticipate that Oil States International, Inc. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors and hedge funds have recently modified their holdings of OIS. Comerica Bank boosted its stake in shares of Oil States International by 46.6% during the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 14,631 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Oil States International by 23.4% in the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 16,160 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Oil States International by 202.1% during the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company’s stock valued at $322,000 after buying an additional 34,979 shares during the period. Wedge Capital Management L L P NC grew 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 buying an additional 74,983 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Oil States International by 524.0% during the first 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. 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.