Oil States International (NYSE:OIS) Stock Price Passes Above 200 Day Moving Average - What's Next?

Oil States International, Inc. (NYSE:OIS - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.88 and traded as high as $5.66. Oil States International shares last traded at $5.63, with a volume of 850,107 shares.

Wall Street Analyst Weigh In

OIS has been the subject of a number of recent analyst reports. Susquehanna upped their price target on shares of 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 shares of Oil States International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th.

Oil States International Price Performance

The firm has a fifty day moving average of $5.10 and a two-hundred day moving average of $4.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.42 and a quick ratio of 1.91. The stock has a market capitalization of $355.44 million, a P/E ratio of 71.82 and a beta of 1.82.

Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Thursday, May 1st. The oil and gas company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $159.94 million for the quarter, compared to analyst estimates of $164.08 million. Oil States International had a return on equity of 2.41% and a net margin of 0.77%. Oil States International's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in 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 purchasing an additional 4,613 shares in the last quarter. Ethic Inc. lifted its position in 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 buying an additional 5,864 shares during the period. New York State Common Retirement Fund increased its stake in 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. BNP Paribas Financial Markets increased its stake in 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 acquiring an additional 9,303 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Oil States International by 187.1% during the second quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 11,545 shares during the last quarter. Institutional investors and hedge funds 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.