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

Oil States International, Inc. (NYSE:OIS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.36 and traded as high as $12.94. Oil States International shares last traded at $12.9250, with a volume of 2,373,151 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on Oil States International from $8.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Stifel Nicolaus upped their price objective on shares of Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Oil States International in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Oil States International Price Performance

The firm’s 50 day moving average price is $9.48 and its 200-day moving average price is $7.36. The stock has a market cap of $778.21 million, a P/E ratio of -6.77 and a beta of 1.16.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $178.46 million during the quarter, compared to analysts’ expectations of $178.92 million. Oil States International had a positive return on equity of 3.27% and a negative net margin of 16.35%.The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Cindy B. Taylor sold 14,760 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total transaction of $99,630.00. Following the transaction, the chief executive officer directly owned 2,109,724 shares of the company’s stock, valued at $14,240,637. This represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Oil States International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 4,740 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $70,000 after acquiring an additional 5,779 shares during the period. NewEdge Advisors LLC purchased a new stake in Oil States International in the 2nd quarter worth approximately $84,000. Captrust Financial Advisors raised its stake in Oil States International by 19.5% during the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock worth $97,000 after acquiring an additional 2,332 shares during the period. Finally, SG Americas Securities LLC raised its stake in Oil States International by 71.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 7,845 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.