Oil States International (NYSE:OIS) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Oil States crossed above its 200-day moving average of $8.31, trading as high as $11.59 and last at $11.485 on volume around 1.09M, signaling a bullish technical move.
• Analyst sentiment is cautiously positive: two analysts rate OIS a Buy and two a Hold, producing a consensus Moderate Buy and a consensus target price of $14 (individual targets up to $15).
• Fundamentals are mixed — the company reported an EPS beat ($0.13 vs. $0.11) and 8.4% revenue growth year-over-year, but still posts a negative net margin and a negative P/E, with a market cap of about $691M.

Oil States International, Inc. (NYSE:OIS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.31 and traded as high as $11.59. Oil States International shares last traded at $11.4850, with a volume of 1,094,807 shares changing hands.

Wall Street Analyst Weigh In

OIS has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Oil States International from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Raymond James Financial reiterated an "outperform" rating and set a $14.00 target price on shares of Oil States International in a research report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Oil States International in a research report on Thursday, January 22nd. Susquehanna upped their target price on Oil States International from $8.00 to $13.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. Finally, Wall Street Zen upgraded Oil States International from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

Oil States International Stock Performance

The company has a market cap of $691.40 million, a price-to-earnings ratio of -6.01 and a beta of 1.27. The business has a fifty day moving average price of $11.24 and a 200 day moving average price of $8.31.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Oil States International had a positive return on equity of 3.27% and a negative net margin of 16.35%.The company had revenue of $178.46 million during the quarter, compared to analysts' expectations of $178.92 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Oil States International's revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors and hedge funds have recently bought and sold shares of OIS. EverSource Wealth Advisors LLC increased its holdings in Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 4,740 shares in the last quarter. Marshall Wace LLP acquired a new position in Oil States International in the 2nd quarter worth about $505,000. NewEdge Advisors LLC acquired a new position in Oil States International in the 2nd quarter worth about $84,000. Ameriprise Financial Inc. increased its holdings in Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company's stock worth $2,933,000 after purchasing an additional 334,279 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Oil States International by 71.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company's stock worth $114,000 after purchasing an additional 7,845 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company's stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International's flat steel solutions business manufactures and distributes steel pipeline and flowback products.

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