Oil States International (NYSE:OIS) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Oil States International's share price recently exceeded its 200-day moving average of $4.89, reaching a high of $5.02 during trading.
• Analyst ratings for OIS have shifted, with Wall Street Zen downgrading the stock from a "strong-buy" to a "buy" and Susquehanna raising its target price from $4.50 to $5.50 while maintaining a "neutral" rating.
• The company reported a quarterly earnings per share (EPS) of $0.09, meeting expectations but showing revenue decline of 11.3% compared to the same quarter last year.

Shares of Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.89 and traded as high as $5.02. Oil States International shares last traded at $4.89, with a volume of 950,988 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Oil States International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Susquehanna upped their price target on shares of Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st.

Oil States International Trading Up 2.1%

The firm has a 50-day simple moving average of $5.27 and a two-hundred day simple moving average of $4.88. The company has a market capitalization of $303.87 million, a price-to-earnings ratio of 45.60 and a beta of 1.87.

Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The oil and gas company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $165.41 million during the quarter, compared to analysts' expectations of $171.50 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%. The firm's quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. On average, sell-side analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC lifted its position in shares of Oil States International by 454.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company's stock worth $1,352,000 after buying an additional 206,678 shares during the last quarter. Jump Financial LLC bought a new position in shares of Oil States International in the 1st quarter valued at approximately $286,000. Quantbot Technologies LP raised its stake in shares of Oil States International by 213.0% in the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company's stock valued at $409,000 after acquiring an additional 54,080 shares in the last quarter. Strs Ohio acquired a new stake in Oil States International in the 1st quarter worth approximately $266,000. Finally, GAMMA Investing LLC boosted its position in Oil States International by 2,343.3% during the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock worth $155,000 after purchasing an additional 28,870 shares during the period. Institutional investors own 97.44% of the company's stock.

About Oil States International

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.