Oil States International (NYSE:OIS) Shares Pass Above 200 Day Moving Average - Here's Why

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

Wall Street Analyst Weigh In

Separately, Susquehanna increased their price objective on Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a report on Tuesday, July 1st.

Oil States International Stock Performance

The company has a quick ratio of 1.91, a current ratio of 3.42 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $4.85. The stock has a market capitalization of $349.57 million, a P/E ratio of 70.63 and a beta of 1.82.

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

Institutional Trading of Oil States International

Several hedge funds have recently added to or reduced their stakes in OIS. Jump Financial LLC acquired a new stake in Oil States International during the 1st quarter worth approximately $286,000. Quantbot Technologies LP grew its stake 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 acquiring an additional 54,080 shares during the period. Strs Ohio acquired a new stake in Oil States International in the first quarter valued at approximately $266,000. GAMMA Investing LLC boosted its position in shares of 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 valued at $155,000 after buying an additional 28,870 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Oil States International during the fourth quarter valued at approximately $97,000. 97.44% of the stock is owned by institutional investors and hedge funds.

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.