Oil States International (NYSE:OIS) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Oil States International, Inc. (NYSE:OIS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.92 and traded as high as $6.92. Oil States International shares last traded at $6.78, with a volume of 555,472 shares traded.

Analyst Ratings Changes

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

Oil States International Trading Down 1.6%

The stock has a 50-day simple moving average of $6.55 and a 200 day simple moving average of $5.92. The company has a market cap of $405.11 million, a price-to-earnings ratio of 18.32 and a beta of 1.27.

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

Insider Transactions at Oil States International

In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total transaction of $99,630.00. Following the completion of the transaction, the chief executive officer directly owned 2,109,724 shares of the company’s stock, valued at approximately $14,240,637. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in Oil States International in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Oil States International by 221.9% in 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 period. BNP Paribas Financial Markets boosted its holdings in Oil States International by 98.8% during the third 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 in the last quarter. NewEdge Advisors LLC acquired a new stake in Oil States International during the second quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio grew its position 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 valued at $95,000 after buying an additional 11,545 shares during the period. 97.44% of the stock is owned by institutional investors and hedge funds.

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.