Oil States International (NYSE:OIS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.85 and traded as high as $5.05. Oil States International shares last traded at $5.04, with a volume of 556,308 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OIS shares. Wall Street Zen lowered shares of Oil States International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Susquehanna lifted their target price on shares of Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.25.

Oil States International Price Performance

The stock has a market capitalization of $305.09 million, a PE ratio of 45.78 and a beta of 1.87. The firm’s 50 day simple moving average is $5.33 and its 200 day simple moving average is $4.85.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Thursday, July 31st. The oil and gas company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $165.41 million for the quarter, compared to the consensus estimate of $171.50 million. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The business’s revenue was down 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. Analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Oil States International by 374.4% in the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company’s stock worth $30,000 after buying an additional 4,613 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Oil States International by 944.2% during the 1st quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 8,800 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Oil States International during the 4th quarter valued at $97,000. BNP Paribas Financial Markets boosted its holdings in shares of Oil States International by 18.2% during the 4th quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company’s stock valued at $306,000 after buying an additional 9,303 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Oil States International by 82.4% during the 4th quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 17,019 shares in the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.