Oil States International (NYSE:OIS) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Oil States International stock has surpassed its 200-day moving average, trading at $5.72, while analysts maintain a consensus rating of "Moderate Buy" with an average price target of $7.25.
• Recent quarters have seen Oil States report $0.09 earnings per share, aligning with consensus estimates, but quarterly revenue was down 11.3% year-over-year, indicating some financial challenges.
• Institutional ownership of Oil States International is significant, with hedge funds holding 97.44% of the stock, suggesting strong confidence in the company from major investors.

Oil States International, Inc. (NYSE:OIS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.89 and traded as high as $5.87. Oil States International shares last traded at $5.72, with a volume of 437,405 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OIS shares. Susquehanna increased their price target 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 downgraded Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.25.

Oil States International Trading Down 3.1%

The business's 50-day simple moving average is $5.38 and its two-hundred day simple moving average is $4.91. The company has a market capitalization of $345.06 million, a PE ratio of 51.78 and a beta of 1.94.

Oil States International (NYSE:OIS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $165.41 million during the quarter, compared to analysts' expectations of $171.50 million. Oil States International had a net margin of 1.02% and a return on equity of 2.56%. The firm's revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. On average, analysts forecast that Oil States International, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Oil States International

Several large investors have recently modified their holdings of the stock. Kennedy Capital Management LLC lifted its position in shares of Oil States International by 1.1% during the second quarter. Kennedy Capital Management LLC now owns 2,011,509 shares of the oil and gas company's stock worth $10,782,000 after purchasing an additional 22,064 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Oil States International by 46.6% during the second quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company's stock worth $6,294,000 after purchasing an additional 373,500 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Oil States International by 157.0% during the second 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 during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Oil States International by 454.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company's stock worth $1,352,000 after purchasing an additional 206,678 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Oil States International during the second quarter worth about $505,000. Institutional investors own 97.44% of the company's stock.

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.