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

Oil States International, Inc. (NYSE:OIS) passed 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.

Analyst Ratings Changes

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

Oil States International Stock Up 1.1%

The firm has a market capitalization of $675.50 million, a P/E ratio of -5.87 and a beta of 1.27. The firm’s 50-day simple moving average is $10.96 and its 200-day simple moving average is $8.12.

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

Institutional Investors Weigh In On Oil States International

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of 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 during the last quarter. BNP Paribas Financial Markets lifted its position in Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after buying an additional 5,779 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Oil States International in the 2nd quarter worth approximately $84,000. Captrust Financial Advisors boosted its stake in Oil States International by 19.5% in the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock worth $97,000 after buying an additional 2,332 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Oil States International by 71.5% during the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 7,845 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

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.