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

Oil States International, Inc. (NYSE:OIS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.82 and traded as high as $5.81. Oil States International shares last traded at $5.61, with a volume of 923,320 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Susquehanna cut their price target on Oil States International from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 14th.

Oil States International Stock Down 5.7%

The company has a market capitalization of $323.89 million, a PE ratio of 65.45 and a beta of 1.78. 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 firm has a 50-day moving average of $4.44 and a two-hundred day moving average of $4.82.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Oil States International by 374.4% during the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock worth $30,000 after buying an additional 4,613 shares during the period. New York State Common Retirement Fund boosted its position in shares of Oil States International by 944.2% during the first quarter. New York State Common Retirement Fund now owns 9,732 shares of the oil and gas company's stock worth $50,000 after buying an additional 8,800 shares during the period. Marshall Wace LLP purchased a new position in Oil States International in the fourth quarter valued at $97,000. Quantbot Technologies LP purchased a new position in Oil States International in the fourth quarter valued at $128,000. Finally, MetLife Investment Management LLC boosted its holdings in Oil States International by 82.4% in the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock valued at $191,000 after purchasing an additional 17,019 shares during the period. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

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.