Oil States International (NYSE:OIS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Oil States International, Inc. (NYSE:OIS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.93 and traded as high as $5.76. Oil States International shares last traded at $5.73, with a volume of 407,214 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on OIS. StockNews.com lowered shares of Oil States International from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Stifel Nicolaus dropped their price target on Oil States International from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Susquehanna reduced their price objective on Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Friday, October 11th.

Oil States International Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. The stock has a market cap of $362.57 million, a P/E ratio of -17.41 and a beta of 2.64. The firm’s 50 day moving average price is $5.25 and its 200-day moving average price is $4.94.

Oil States International (NYSE:OIS) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The business had revenue of $174.30 million during the quarter, compared to analyst estimates of $192.09 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Oil States International’s revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC increased its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,229 shares of the oil and gas company’s stock after purchasing an additional 10,087 shares during the period. SG Americas Securities LLC’s holdings in Oil States International were worth $102,000 as of its most recent SEC filing. 97.44% of the stock is owned by 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.