Oil States International (NYSE:OIS) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Oil States International's stock crossed above its 200‑day moving average
• Analysts have been lifting targets and ratings — the consensus is a Moderate Buy with an average price target of $14, including Stifel's $15 and Raymond James' $14 targets.
• The company beat Q4 EPS estimates ($0.13 vs. $0.11) with revenue up 8.4% year‑over‑year, though net margin remained negative, and institutional investors own about 97% of the stock.

Oil States International, Inc. (NYSE:OIS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Oil States International Stock Up 0.3%

The firm has a market cap of $651.91 million, a PE ratio of -5.67 and a beta of 1.27. The firm's fifty day simple moving average is $11.55 and its two-hundred day simple moving average is $8.51.

Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Oil States International had a negative net margin of 16.35% and a positive return on equity of 3.27%. The business had revenue of $178.46 million for the quarter, compared to the consensus estimate of $178.92 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts anticipate that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Several large investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its holdings in Oil States International by 8.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company's stock valued at $9,834,000 after purchasing an additional 113,541 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Oil States International by 7.9% in the third quarter. Hillsdale Investment Management Inc. now owns 1,266,500 shares of the oil and gas company's stock worth $7,675,000 after buying an additional 92,200 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Oil States International by 157.0% in the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company's stock worth $2,933,000 after buying an additional 334,279 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Oil States International by 1.7% in the fourth quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company's stock worth $1,981,000 after buying an additional 4,989 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Oil States International by 22.8% in the fourth quarter. LSV Asset Management now owns 221,600 shares of the oil and gas company's stock worth $1,500,000 after buying an additional 41,094 shares in the last quarter. Hedge funds and other institutional investors own 97.44% of the company's stock.

Oil States International Company Profile

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.

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