Oil States International, Inc. (NYSE:OIS - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.02 and traded as high as $6.13. Oil States International shares last traded at $6.07, with a volume of 373,786 shares trading hands.
Analyst Upgrades and Downgrades
OIS has been the topic of several analyst reports. Wall Street Zen cut Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Oil States International in a research note on Wednesday, October 8th. Finally, Susquehanna increased their price objective on shares of Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Oil States International presently has an average rating of "Hold" and a consensus target price of $5.50.
Get Our Latest Analysis on OIS
Oil States International Price Performance
The stock has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $5.02. The company has a market cap of $367.48 million, a P/E ratio of 55.14 and a beta of 1.82.
Oil States International (NYSE:OIS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The business had revenue of $165.41 million for the quarter, compared to analysts' expectations of $171.50 million. During the same period last year, the business earned $0.07 EPS. The business's revenue was down 11.3% on a year-over-year basis. Equities analysts predict that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.
Institutional Trading of Oil States International
Several hedge funds have recently added to or reduced their stakes in OIS. GAMMA Investing LLC raised its stake in shares of Oil States International by 374.4% in the first quarter. GAMMA Investing LLC now owns 5,845 shares of the oil and gas company's stock valued at $30,000 after buying an additional 4,613 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 4,740 shares during the last quarter. New York State Teachers Retirement System bought a new position in Oil States International in the second quarter valued at $29,000. New York State Common Retirement Fund grew its position in 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 valued at $50,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Oil States International by 187.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company's stock valued at $95,000 after purchasing an additional 11,545 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.
Further Reading
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