Oil States International (NYSE:OIS) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Oil States International, Inc. (NYSE:OIS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.08 and traded as high as $9.29. Oil States International shares last traded at $9.1450, with a volume of 771,760 shares.

Analyst Ratings Changes

OIS has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating and set a $14.00 price target on shares of Oil States International in a report on Monday, February 23rd. Weiss Ratings downgraded shares of Oil States International from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Susquehanna lowered their price target on shares of Oil States International from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus raised their target price on shares of Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen cut shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.33.

Oil States International Price Performance

The stock has a market capitalization of $542.19 million, a price-to-earnings ratio of -4.64 and a beta of 1.20. The business’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $9.11.

Oil States International (NYSE:OIS) last announced its earnings results on Tuesday, May 5th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $145.36 million during the quarter, compared to the consensus estimate of $153.79 million. Oil States International had a negative net margin of 17.03% and a positive return on equity of 3.62%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, sell-side analysts expect that Oil States International, Inc. will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Oil States International

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 4,740 shares during the period. BNP Paribas Financial Markets lifted its holdings in Oil States International by 98.8% in the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 5,779 shares during the period. NewEdge Advisors LLC acquired a new stake in Oil States International in the second quarter worth about $84,000. Captrust Financial Advisors lifted its holdings 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 purchasing an additional 2,332 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Oil States International by 71.5% in the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 7,845 shares during the period. 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.