Oil States International (NYSE:OIS) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Oil States International's share price recently crossed above its 200-day moving average, trading as high as $5.05.
• The company's stock currently enjoys a consensus rating of "Moderate Buy" with a price target of $7.25.
• Hedge funds have increased their positions in Oil States International significantly, with notable increases of 374.4% and 944.2% in stakes by different investors during the first quarter.

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 $4.85 and traded as high as $5.05. Oil States International shares last traded at $5.04, with a volume of 556,308 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on OIS shares. 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 note on Tuesday, July 1st. Wall Street Zen cut shares of Oil States International from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Oil States International presently has an average rating of "Moderate Buy" and an average price target of $7.25.

Oil States International Stock Performance

The stock has a market capitalization of $330.52 million, a P/E ratio of 49.60 and a beta of 1.87. The company's fifty day simple moving average is $5.34 and its two-hundred day simple moving average is $4.86.

Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $165.41 million for 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 business's revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. On average, research analysts predict that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OIS. Marshall Wace LLP bought a new position in shares of Oil States International during the fourth quarter worth approximately $97,000. MetLife Investment Management LLC increased its holdings in shares of Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company's stock worth $191,000 after purchasing an additional 17,019 shares during the period. BNP Paribas Financial Markets increased its holdings 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 worth $306,000 after purchasing an additional 9,303 shares during the period. Ethic Inc. increased its holdings 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 purchasing an additional 5,864 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Oil States International by 2,343.3% during the first quarter. GAMMA Investing LLC now owns 30,102 shares of the oil and gas company's stock worth $155,000 after purchasing an additional 28,870 shares during the period. 97.44% of the stock is owned by institutional investors.

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.