Oil States International, Inc. (NYSE:OIS - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.87 and traded as high as $5.57. Oil States International shares last traded at $5.41, with a volume of 544,035 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on OIS. Wall Street Zen cut shares of Oil States International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. 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 report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Oil States International has an average rating of "Moderate Buy" and a consensus target price of $7.25.
View Our Latest Report on Oil States International
Oil States International Price Performance
The company's 50-day moving average is $5.36 and its two-hundred day moving average is $4.88. The firm has a market cap of $333.85 million, a P/E ratio of 50.10 and a beta of 1.94.
Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The business had revenue of $165.41 million during the quarter, compared to analysts' expectations of $171.50 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. Oil States International's revenue was down 11.3% compared to the same quarter last year. On average, 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
Several institutional investors and hedge funds have recently bought and sold shares of OIS. 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 acquiring an additional 334,279 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Oil States International in the second quarter worth about $84,000. Marshall Wace LLP bought a new position in shares of Oil States International in the second quarter worth about $505,000. Kennedy Capital Management LLC lifted its holdings in shares of Oil States International by 1.1% in the second quarter. Kennedy Capital Management LLC now owns 2,011,509 shares of the oil and gas company's stock worth $10,782,000 after acquiring an additional 22,064 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 4,740 shares during the last quarter. Institutional investors own 97.44% of the company's stock.
Oil States International Company Profile
(
Get Free Report)
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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