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

Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.85 and traded as high as $5.84. Oil States International shares last traded at $5.75, with a volume of 841,462 shares trading hands.

Wall Street Analysts Forecast Growth

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

Oil States International Price Performance

The firm has a market cap of $350.18 million, a PE ratio of 70.76 and a beta of 1.82. The stock's fifty day moving average price is $4.95 and its 200-day moving average price is $4.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.42 and a quick ratio of 1.91.

Oil States International (NYSE:OIS - Get Free Report) last released its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Oil States International had a net margin of 0.77% and a return on equity of 2.41%. The business had revenue of $159.94 million during the quarter, compared to analyst estimates of $164.08 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts expect that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Oil States International

A number of hedge funds have recently modified their holdings of OIS. Jump Financial LLC acquired a new position in Oil States International in the first quarter valued at about $286,000. Quantbot Technologies LP lifted its position in Oil States International by 213.0% in the first quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company's stock valued at $409,000 after buying an additional 54,080 shares during the last quarter. Strs Ohio acquired a new position in Oil States International in the first quarter valued at about $266,000. GAMMA Investing LLC lifted its position in Oil States International by 2,343.3% in the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock valued at $155,000 after buying an additional 28,870 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Oil States International in the fourth quarter valued at about $97,000. Hedge funds and other 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.