Oil States International (NYSE:OIS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.51 and traded as high as $10.97. Oil States International shares last traded at $10.8290, with a volume of 786,641 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Susquehanna boosted their price objective on Oil States International from $8.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Wall Street Zen raised Oil States International from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Stifel Nicolaus boosted their price objective on Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a research report on Thursday, January 22nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $14.00 price objective on shares of Oil States International in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.00.

Oil States International Trading Down 5.8%

The firm has a fifty day simple moving average of $11.57 and a 200 day simple moving average of $8.54. The stock has a market cap of $616.27 million, a price-to-earnings ratio of -5.36 and a beta of 1.27.

Oil States International (NYSE:OIS) last posted its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $178.46 million during the quarter, compared to analysts’ expectations of $178.92 million. Oil States International had a positive return on equity of 3.27% and a negative net margin of 16.35%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, equities analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Oil States International

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Oil States International in the 2nd quarter valued at approximately $84,000. Captrust Financial Advisors grew its stake in shares of Oil States International by 19.5% in the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,332 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Oil States International by 71.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 7,845 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 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.