Oil States International, Inc. (NYSE:OIS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.82 and traded as high as $5.51. Oil States International shares last traded at $5.35, with a volume of 913,180 shares.
Analyst Upgrades and Downgrades
Separately, Susquehanna raised their price objective on shares of Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a report on Tuesday.
Check Out Our Latest Stock Report on Oil States International
Oil States International Stock Down 4.3%
The firm has a market cap of $331.07 million, a P/E ratio of 66.90 and a beta of 1.82. The company's 50-day simple moving average is $4.78 and its 200 day simple moving average is $4.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.42 and a quick ratio of 1.91.
Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The oil and gas company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. The company had revenue of $159.94 million during the quarter, compared to analyst estimates of $164.08 million. During the same quarter last year, the business posted ($0.03) earnings per share. The firm's revenue was down 4.4% on a year-over-year basis. Research analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP grew its position in Oil States International by 213.0% in the 1st quarter. Quantbot Technologies LP now owns 79,473 shares of the oil and gas company's stock valued at $409,000 after acquiring an additional 54,080 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Oil States International by 18.2% during the fourth quarter. BNP Paribas Financial Markets now owns 60,470 shares of the oil and gas company's stock valued at $306,000 after purchasing an additional 9,303 shares during the period. Jump Financial LLC bought a new position in shares of Oil States International in the first quarter worth about $286,000. Strs Ohio purchased a new position in Oil States International in the 1st quarter worth about $266,000. Finally, Ethic Inc. lifted its holdings in Oil States International by 14.2% during the 4th quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company's stock valued at $239,000 after buying an additional 5,864 shares in 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.
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