Oil States International (NYSE:OIS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Oil States International, Inc. (NYSE:OIS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.56 and traded as high as $6.35. Oil States International shares last traded at $6.3190, with a volume of 219,392 shares traded.

Wall Street Analyst Weigh In

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

Oil States International Stock Up 2.2%

The company has a market cap of $377.53 million, a P/E ratio of 57.45 and a beta of 1.80. The business has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $5.56.

Oil States International (NYSE:OIS) last announced its quarterly earnings data 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 firm had revenue of $165.18 million during the quarter, compared to analyst estimates of $169.01 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.Oil States International’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, sell-side analysts expect that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of Oil States International

A number of institutional investors have recently bought and sold shares of OIS. Quantbot Technologies LP raised its position in shares of Oil States International by 213.0% during the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 54,080 shares during the last quarter. Jump Financial LLC bought a new stake in Oil States International in the first quarter valued at about $286,000. Strs Ohio acquired a new position in Oil States International in the first quarter valued at about $266,000. Public Employees Retirement System of Ohio boosted its holdings in Oil States International by 187.1% during the second quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock worth $95,000 after buying an additional 11,545 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of Oil States International during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

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.