Oil States International (NYSE:OIS) Stock Price Passes Above 200-Day Moving Average of $5.05

Shares of Oil States International, Inc. (NYSE:OIS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.05 and traded as high as $5.46. Oil States International shares last traded at $5.32, with a volume of 671,094 shares changing hands.

Analyst Ratings Changes

OIS has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of Oil States International from $4.50 to $5.50 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Oil States International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Piper Sandler dropped their price objective 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. Finally, Stifel Nicolaus lowered their target price on Oil States International from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.75.

Oil States International Trading Up 0.5 %

The business’s fifty day moving average price is $4.69 and its 200 day moving average price is $5.05. The company has a quick ratio of 1.75, a current ratio of 3.26 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $341.30 million, a PE ratio of -132.88 and a beta of 2.67.

Oil States International (NYSE:OIS) last released its earnings results on Monday, July 29th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The firm had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $183.40 million. During the same period in the previous year, the company earned $0.01 EPS. Oil States International’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts expect that Oil States International, Inc. will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Several large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC grew its holdings in Oil States International by 42.4% in the 2nd 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 period. Comerica Bank grew its holdings in Oil States International by 46.6% in 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 during the period. Gendell Jeffrey L increased its position 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 last quarter. Public Employees Retirement System of Ohio raised 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. Finally, Russell Investments Group Ltd. raised its stake in Oil States International by 109.0% during 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 during the period. 97.44% of the stock is currently owned by hedge funds and other 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.