Oil States International (NYSE:OIS) Stock Price Up 7.1% - What's Next?

Key Points

• Oil States International shares rose 7.1% to about $8.72, although trading volume was 87% below the average daily level.
• The company beat quarterly expectations, reporting $0.14 in EPS versus $0.11 expected and $255.41 million in revenue; however, revenue declined 5.3% year over year and net margin remained negative.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $11.33, while institutional investors own 97.44% of the stock.

Shares of Oil States International, Inc. (NYSE:OIS - Get Free Report) traded up 7.1% on Monday . The company traded as high as $8.63 and last traded at $8.7160. Approximately 119,789 shares were traded during trading, a decline of 87% from the average daily volume of 936,519 shares. The stock had previously closed at $8.14.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OIS. Wall Street Zen downgraded shares of Oil States International from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Stifel Nicolaus cut their price target on shares of Oil States International from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Susquehanna reduced their price objective on shares of Oil States International from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial decreased their price objective on shares of Oil States International from $14.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, July 10th. Finally, Weiss Ratings lowered Oil States International from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Oil States International currently has an average rating of "Hold" and a consensus price target of $11.33.

Oil States International Trading Up 6.9%

The stock has a market capitalization of $525.11 million, a P/E ratio of -4.60 and a beta of 1.11. The stock's fifty day moving average price is $8.20 and its 200 day moving average price is $9.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 1.29.

Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $255.41 million during the quarter, compared to analyst estimates of $158.02 million. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Research analysts forecast that Oil States International, Inc. will post 0.53 earnings per share for the current year.

Institutional Trading of Oil States International

A number of large investors have recently modified their holdings of the company. Kennedy Capital Management LLC grew its stake in Oil States International by 8.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,452,534 shares of the oil and gas company's stock worth $9,834,000 after purchasing an additional 113,541 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company's stock worth $2,933,000 after buying an additional 334,279 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Oil States International in the 2nd quarter worth $2,637,000. Russell Investments Group Ltd. grew its position in shares of Oil States International by 1.7% during the 4th quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company's stock worth $1,981,000 after buying an additional 4,989 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Oil States International during the 1st quarter worth $2,839,000. Hedge funds and other institutional investors own 97.44% of the company's stock.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International's flat steel solutions business manufactures and distributes steel pipeline and flowback products.

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