Oil States International (NYSE:OIS) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OIS shares. Susquehanna lifted their price objective on Oil States International from $4.50 to $5.50 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Wall Street Zen cut Oil States International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th.

Oil States International Stock Performance

The firm has a market cap of $302.23 million, a price-to-earnings ratio of 44.41 and a beta of 1.87. The firm's 50 day moving average is $5.22 and its 200-day moving average is $4.89.

Oil States International (NYSE:OIS - Get Free Report) last posted its earnings results on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $165.41 million for the quarter, compared to analyst estimates of $171.50 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%. The business's revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. As a group, research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

A number of large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new position in shares of Oil States International in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in Oil States International by 374.4% in the 1st quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock worth $30,000 after acquiring an additional 4,613 shares during the period. New York State Common Retirement Fund lifted its position in Oil States International by 944.2% during the 1st quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 8,800 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Oil States International by 187.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 11,545 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Oil States International during the fourth quarter valued at about $97,000. Institutional investors own 97.44% of the company's stock.

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.

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