Oil States International (NYSE:OIS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Oil States International, Inc. (NYSE:OIS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.77 and traded as high as $6.96. Oil States International shares last traded at $6.7750, with a volume of 874,438 shares.

Wall Street Analysts Forecast Growth

OIS has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Susquehanna upped their target price on shares of Oil States International from $5.50 to $6.50 and gave the company a “neutral” rating in a research note on Monday, November 3rd. 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, Oil States International presently has a consensus rating of “Hold” and an average price target of $6.50.

Oil States International Stock Down 3.5%

The company’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $5.77. The company has a market cap of $404.81 million, a price-to-earnings ratio of 18.31 and a beta of 1.30.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $165.18 million during the quarter, compared to the consensus estimate of $169.01 million. Oil States International had a net margin of 3.52% and a return on equity of 2.85%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. Research analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Oil States International

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP lifted its stake in shares of Oil States International by 213.0% in the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company’s stock valued at $409,000 after purchasing an additional 54,080 shares during the period. Jump Financial LLC bought a new stake in shares of Oil States International in the 1st quarter valued at $286,000. Strs Ohio acquired a new stake in Oil States International during the 1st quarter worth $266,000. Public Employees Retirement System of Ohio lifted 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 acquiring an additional 11,545 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in Oil States International during the second quarter worth about $29,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.