Oil States International (NYSE:OIS) Stock Price Passes Above Two Hundred 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)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OIS shares. Susquehanna increased 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 research report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.25.

Oil States International Stock Down 0.6%

The company has a market capitalization of $328.09 million, a PE ratio of 49.23 and a beta of 1.87. The firm has a 50-day moving average of $5.33 and a two-hundred day moving average of $4.86.

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, hitting the consensus estimate of $0.09. The company had revenue of $165.41 million during the quarter, compared to analyst estimates of $171.50 million. Oil States International had a return on equity of 2.56% and a net margin of 1.02%.The firm's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. On average, equities research analysts expect that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OIS. Hillsdale Investment Management Inc. lifted its stake in 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 in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in 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 in the last quarter. Marshall Wace LLP acquired a new position in Oil States International during the second quarter worth $505,000. Finally, Jump Financial LLC acquired a new position in Oil States International during the first quarter worth $286,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.

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.