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

Key Points

• Technical breakout: Oil States (NYSE:OIS) crossed above its 200‑day moving average of $8.69, trading as high as $11.08 and last at $11.06 on volume of 741,694 shares, up roughly 1.5%.
• Analyst sentiment: The stock carries a consensus "Moderate Buy" rating with a $14.00 price target, after upgrades/price‑target raises from Stifel (to $15) and positive notes from Raymond James and others (two buys, two holds overall).
• Mixed fundamentals: The company beat EPS estimates ($0.13 vs. $0.11) and revenue rose 8.4% year‑over‑year, but it still shows a negative net margin (−16.35%) and a negative P/E, while institutional ownership is very high (~97.4%).

Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.69 and traded as high as $11.08. Oil States International shares last traded at $11.0620, with a volume of 741,694 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OIS. Stifel Nicolaus lifted their price objective on Oil States International from $10.00 to $15.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Wall Street Zen raised Oil States International from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Raymond James Financial reissued an "outperform" rating and set a $14.00 price objective on shares of Oil States International in a report on Monday, February 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Oil States International in a report on Tuesday. Finally, Susquehanna lifted their price objective on Oil States International from $8.00 to $13.00 and gave the company a "neutral" rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Oil States International Stock Up 1.5%

The stock has a fifty day moving average of $11.71 and a 200-day moving average of $8.69. The firm has a market capitalization of $665.93 million, a P/E ratio of -5.79 and a beta of 1.27.

Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results on Friday, February 20th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $178.46 million during the quarter, compared to analysts' expectations of $178.92 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Oil States International, Inc. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OIS. Ameriprise Financial Inc. raised 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 valued at $2,933,000 after buying an additional 334,279 shares during the last quarter. LSV Asset Management bought a new position in shares of Oil States International in the third quarter valued at about $1,094,000. Russell Investments Group Ltd. raised its holdings in shares of Oil States International by 121.3% in the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company's stock valued at $1,743,000 after buying an additional 157,688 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Oil States International by 8.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company's stock valued at $9,834,000 after buying an additional 113,541 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Oil States International in the second quarter valued at about $505,000. 97.44% of the stock is owned by institutional investors.

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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