Oil States International (NYSE:OIS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Oil States International, Inc. (NYSE:OIS) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.09 and traded as high as $6.75. Oil States International shares last traded at $6.74, with a volume of 988,783 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OIS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a report on Wednesday, October 8th. Wall Street Zen lowered Oil States International from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Susquehanna raised their target price on Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.50.

Oil States International Trading Up 8.6%

The company has a market cap of $408.07 million, a price-to-earnings ratio of 61.23 and a beta of 1.82. The company has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.09.

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

Hedge Funds Weigh In On Oil States International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Oil States International by 374.4% during the 1st 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. EverSource Wealth Advisors LLC lifted 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 worth $37,000 after buying an additional 4,740 shares during the period. New York State Teachers Retirement System bought a new position in shares of Oil States International during the 2nd quarter worth approximately $29,000. SG Americas Securities LLC lifted its position in shares of Oil States International by 71.5% during the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after buying an additional 7,845 shares during the period. Finally, New York State Common Retirement Fund lifted its position 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 worth $50,000 after buying an additional 8,800 shares during the period. Institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

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.