Oil States International (NYSE:OIS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Oil States International, Inc. (NYSE:OIS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.82 and traded as high as $5.81. Oil States International shares last traded at $5.61, with a volume of 923,320 shares trading hands.

Analysts Set New Price Targets

Separately, Susquehanna reduced their target price on shares of Oil States International from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th.

Oil States International Price Performance

The stock has a 50 day moving average of $4.36 and a 200-day moving average of $4.82. The company has a current ratio of 3.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $346.78 million, a P/E ratio of 70.07 and a beta of 1.78.

Oil States International (NYSE:OIS) last released its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $159.94 million for the quarter, compared to analyst estimates of $164.08 million. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, equities research analysts anticipate that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of Oil States International in the fourth quarter valued at approximately $97,000. BNP Paribas Financial Markets raised its position in Oil States International by 18.2% during 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 in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of 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 worth $191,000 after buying an additional 17,019 shares during the period. Quantbot Technologies LP bought a new position in shares of Oil States International during the 4th quarter worth $128,000. Finally, Ethic Inc. increased its stake 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 valued at $239,000 after buying an additional 5,864 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.