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

Oil States International, Inc. (NYSE:OIS) shares 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 traded.

Analysts Set New Price Targets

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

Oil States International Stock Up 1.7 %

The firm’s 50-day simple moving average is $4.76 and its 200-day simple moving average is $4.67. The company has a market capitalization of $338.27 million, a price-to-earnings ratio of -16.24 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40.

Oil States International (NYSE:OIS) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $192.09 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Sell-side analysts forecast that Oil States International, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of Oil States International by 202.1% in the 1st 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 in the last quarter. Russell Investments Group Ltd. raised its position in 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 worth $2,031,000 after purchasing an additional 171,971 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in 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 worth $525,000 after purchasing an additional 16,160 shares during the period. Gendell Jeffrey L lifted its stake in Oil States International by 8.0% during the first 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 during the period. Finally, Comerica Bank boosted its holdings in Oil States International by 46.6% during the first quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 14,631 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

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.