Oil States International (NYSE:OIS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Oil States International, Inc. (NYSE:OIS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.56 and traded as high as $6.35. Oil States International shares last traded at $6.3190, with a volume of 219,392 shares changing hands.

Wall Street Analysts Forecast Growth

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

Oil States International Stock Performance

The company has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $5.56. The firm has a market cap of $377.53 million, a PE ratio of 57.45 and a beta of 1.80.

Oil States International (NYSE:OIS) last released 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). The business had revenue of $165.18 million during the quarter, compared to analyst estimates of $169.01 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, research analysts predict that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Oil States International

Several institutional investors have recently bought and sold shares of OIS. NewEdge Advisors LLC boosted its holdings in Oil States International by 20.5% in the 3rd quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock worth $115,000 after buying an additional 3,222 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 purchasing an additional 5,779 shares during the period. Russell Investments Group Ltd. boosted its holdings in Oil States International by 121.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 157,688 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Oil States International by 7.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company’s stock valued at $7,675,000 after buying an additional 92,200 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Oil States International during the 3rd quarter worth approximately $1,094,000. 97.44% of the stock is owned by institutional investors and hedge funds.

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.