Oil States International (NYSE:OIS) Shares Pass Above Two Hundred Day Moving Average – Time to 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 $8.10 and traded as high as $12.00. Oil States International shares last traded at $11.6640, with a volume of 807,147 shares trading hands.

Wall Street Analyst Weigh In

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

Oil States International Trading Up 0.7%

The firm’s 50-day simple moving average is $10.91 and its 200 day simple moving average is $8.10. The stock has a market cap of $702.24 million, a P/E ratio of -6.11 and a beta of 1.16.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management bought a new stake in shares of Oil States International in the 3rd quarter worth approximately $1,094,000. Hillsdale Investment Management Inc. boosted its holdings in Oil States International by 7.9% during the third quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company’s stock worth $7,675,000 after buying an additional 92,200 shares in the last quarter. Strs Ohio grew its position in Oil States International by 79.6% in the third quarter. Strs Ohio now owns 101,100 shares of the oil and gas company’s stock worth $613,000 after buying an additional 44,800 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Oil States International by 1.1% in the second quarter. Kennedy Capital Management LLC now owns 2,011,509 shares of the oil and gas company’s stock valued at $10,782,000 after buying an additional 22,064 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Oil States International in the second quarter valued at $505,000. 97.44% of the stock is currently owned by institutional investors.

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.