Oil States International (NYSE:OIS) Shares Break Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Oil States International shares rose 5.5%, trading as high as $9.66 and closing at $9.58, above the 200-day moving average of $9.33.
• The company beat quarterly expectations, reporting EPS of $0.15 versus the $0.12 consensus and revenue of $169.76 million versus estimates of $162.62 million. Analysts maintain a consensus “Hold” rating with an average price target of $11.67.
• Institutional investors and hedge funds own 97.44% of the company’s stock, while Oil States International continues to provide oilfield services and equipment through its Well Site Services and Offshore/Manufactured Products segments.

Shares of Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $9.33 and traded as high as $9.66. Oil States International shares last traded at $9.58, with a volume of 1,542,174 shares traded.

Wall Street Analyst Weigh In

OIS has been the topic of a number of analyst reports. Susquehanna upped their price target on Oil States International from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Monday, October 5th. Stifel Nicolaus decreased their price target on shares of Oil States International from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Weiss Ratings raised shares of Oil States International from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Finally, Raymond James Financial decreased their target price on 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. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.67.

Oil States International Stock Up 5.5%

The company has a current ratio of 2.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average price is $8.47 and its 200-day moving average price is $9.33. The stock has a market cap of $577.87 million, a price-to-earnings ratio of -5.07 and a beta of 1.20.

Oil States International (NYSE:OIS - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Oil States International had a negative net margin of 16.78% and a positive return on equity of 4.28%. The business had revenue of $169.76 million for the quarter, compared to analyst estimates of $162.62 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Oil States International, Inc. will post 0.51 earnings per share for the current year.

Institutional Trading of Oil States International

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Oil States International by 64.2% in the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 1,243 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Oil States International by 19.4% during the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company's stock valued at $108,000 after buying an additional 1,502 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Oil States International by 7.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 57,500 shares of the oil and gas company's stock worth $669,000 after acquiring an additional 3,900 shares during the period. USA Financial Formulas purchased a new stake in Oil States International in the first quarter worth $50,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Oil States International during the second quarter worth about $58,000. Institutional investors and hedge funds own 97.44% of the company's stock.

About Oil States International

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.

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