Oil States International (NYSE:OIS) Shares Cross Above 200 Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.48 and traded as high as $6.20. Oil States International shares last traded at $6.1250, with a volume of 498,416 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a research note on Wednesday, October 8th. Finally, Susquehanna increased their price objective on Oil States International from $5.50 to $6.50 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.50.

Oil States International Stock Performance

The stock has a 50-day moving average of $6.14 and a two-hundred day moving average of $5.48. The company has a market cap of $365.94 million, a P/E ratio of 55.69 and a beta of 1.80.

Oil States International (NYSE:OIS) last released its earnings results on Friday, October 31st. The oil and gas company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $165.18 million during the quarter, compared to analysts’ expectations of $169.01 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. Research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OIS. New York State Teachers Retirement System bought a new stake in shares of Oil States International during the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in shares of Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Oil States International by 944.2% in the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 8,800 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Oil States International during the second quarter valued at $84,000. 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.