Oil States International (NYSE:OIS) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Oil States International, Inc. (NYSE:OIS)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.66 and traded as high as $6.90. Oil States International shares last traded at $6.7250, with a volume of 534,900 shares trading hands.

Wall Street Analyst Weigh In

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

Oil States International Stock Down 1.1%

The company has a market cap of $401.82 million, a PE ratio of 18.18 and a beta of 1.29. The stock’s 50 day simple moving average is $6.27 and its two-hundred day simple moving average is $5.66.

Oil States International (NYSE:OIS) last released 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 for the quarter, compared to analyst estimates of $169.01 million. Oil States International had a return on equity of 2.85% and a net margin of 3.52%.The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. Analysts forecast that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new stake in shares of Oil States International during the second quarter worth about $29,000. EverSource Wealth Advisors LLC grew its stake in Oil States International by 221.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Oil States International by 98.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 5,779 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Oil States International in the 2nd quarter valued at approximately $84,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Oil States International by 187.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 11,545 shares during the last quarter. Hedge funds and other institutional investors 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.