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

Key Points

• Oil States International's stock has surpassed its 200-day moving average of $4.86, trading as high as $5.16.
• Analyst ratings show mixed sentiment, with Susquehanna raising their target price to $5.50 while Wall Street Zen lowered their rating from "strong-buy" to "buy."
• The company's quarterly revenue declined by 11.3% year-over-year, with earnings per share meeting consensus estimates at $0.09.

Oil States International, Inc. (NYSE:OIS - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.86 and traded as high as $5.16. Oil States International shares last traded at $5.09, with a volume of 570,780 shares changing hands.

Analyst Ratings Changes

OIS has been the topic of a number of research analyst reports. Susquehanna raised their target price on Oil States International from $4.50 to $5.50 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Wall Street Zen lowered Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.

Oil States International Trading Down 1.4%

The company has a 50 day moving average of $5.33 and a 200 day moving average of $4.86. The firm has a market cap of $301.13 million, a price-to-earnings ratio of 45.19 and a beta of 1.87.

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 (EPS) 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 firm had revenue of $165.41 million during the quarter, compared to the consensus estimate of $171.50 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business's revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised 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 acquiring an additional 4,613 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Oil States International by 221.9% during 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. New York State Teachers Retirement System bought a new stake in shares of Oil States International during the second quarter worth $29,000. Ethic Inc. raised its position in shares of Oil States International by 14.2% during the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock worth $239,000 after acquiring an additional 5,864 shares during the last quarter. Finally, New York State Common Retirement Fund raised 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 acquiring an additional 8,800 shares during the last quarter. Institutional investors own 97.44% of the company's stock.

Oil States International Company Profile

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.