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

Oil States International, Inc. (NYSE:OIS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.01 and traded as high as $8.09. Oil States International shares last traded at $8.0650, with a volume of 755,691 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OIS. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research report on Wednesday, October 8th. Susquehanna upped their target price on Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Oil States International has a consensus rating of “Hold” and an average price target of $8.00.

Oil States International Stock Performance

The company has a market capitalization of $481.85 million, a PE ratio of 21.80 and a beta of 1.27. The stock’s fifty day simple moving average is $6.67 and its 200-day simple moving average is $6.01.

Oil States International (NYSE:OIS) last announced its earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $165.18 million for the quarter, compared to analyst estimates of $169.01 million. Oil States International had a return on equity of 2.85% and a net margin of 3.52%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Cindy B. Taylor sold 14,760 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total transaction of $99,630.00. Following the transaction, the chief executive officer directly owned 2,109,724 shares in the company, valued at approximately $14,240,637. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in Oil States International in the 1st quarter worth approximately $266,000. Hillsdale Investment Management Inc. grew its holdings in Oil States International by 46.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company’s stock valued at $6,294,000 after purchasing an additional 373,500 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Oil States International by 187.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock worth $95,000 after buying an additional 11,545 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Oil States International by 454.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock valued at $1,352,000 after buying an additional 206,678 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Oil States International during the second quarter worth about $29,000. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Company Profile

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.