Oil States International (NYSE:OIS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Oil States International, Inc. (NYSE:OIS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.67 and traded as high as $5.46. Oil States International shares last traded at $5.36, with a volume of 354,800 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Susquehanna reduced their target price on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Stifel Nicolaus reduced their price objective on shares of Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, StockNews.com downgraded Oil States International from a “hold” rating to a “sell” rating in a research report on Friday, November 1st.

Oil States International Price Performance

The company’s 50-day simple moving average is $4.79 and its 200-day simple moving average is $4.69. The stock has a market capitalization of $338.27 million, a P/E ratio of -16.15 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83.

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 (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. Oil States International’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. As a group, sell-side analysts expect that Oil States International, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OIS. BNP Paribas Financial Markets boosted its position in Oil States International by 40.1% during the third quarter. BNP Paribas Financial Markets now owns 51,167 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 14,654 shares during the period. SG Americas Securities LLC grew its stake in Oil States International by 83.1% in the 3rd quarter. SG Americas Securities LLC now owns 22,229 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 10,087 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Oil States International by 42.4% during the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company’s stock worth $1,118,000 after acquiring an additional 74,983 shares during the last quarter. Comerica Bank lifted its position in Oil States International by 46.6% during the first quarter. Comerica Bank now owns 46,057 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 14,631 shares during the last quarter. Finally, Gendell Jeffrey L grew its position in shares of Oil States International by 8.0% in the first quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock valued at $17,848,000 after purchasing an additional 215,274 shares during the last quarter. 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.