Oil States International (NYSE:OIS) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Oil States International, Inc. (NYSE:OIS) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $8.48 and traded as high as $8.60. Oil States International shares last traded at $8.5150, with a volume of 838,291 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OIS. Susquehanna raised their target price on shares of Oil States International from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Wall Street Zen upgraded Oil States International from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Stifel Nicolaus reduced their price objective on Oil States International from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Oil States International currently has an average rating of “Hold” and an average target price of $12.00.

Oil States International Trading Up 1.7%

The company has a quick ratio of 1.27, a current ratio of 2.36 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $8.46 and its 200-day moving average is $9.34. The stock has a market capitalization of $506.47 million, a price-to-earnings ratio of 16.33 and a beta of 1.24.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $162.62 million. Oil States International had a negative net margin of 16.47% and a positive return on equity of 5.13%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. Research analysts anticipate that Oil States International, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oil States International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its stake in shares of Oil States International by 1,228.6% in the 2nd quarter. Squarepoint Ops LLC now owns 399,706 shares of the oil and gas company’s stock valued at $3,202,000 after purchasing an additional 369,621 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Oil States International during the 1st quarter worth about $2,839,000. Bank of New York Mellon Corp acquired a new stake in shares of Oil States International during the 2nd quarter worth about $2,637,000. JB Capital Partners LP purchased a new stake in Oil States International in the 2nd quarter valued at about $680,850. Finally, Wedge Capital Management L L P NC raised its holdings in Oil States International by 52.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 137,594 shares of the oil and gas company’s stock valued at $1,102,000 after buying an additional 47,068 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

About Oil States International

Oil States International, Inc. provides products and services to the global energy industry, with a focus on equipment and technologies used in offshore and onshore oil and gas operations. Its offerings support drilling, well completion, production and intervention activities. The company operates through businesses that supply engineered equipment for offshore and subsea projects, completion tools and services, and equipment and support for wellsite operations. Its products are used in a range of oil and gas applications, including deepwater development and well construction.