Oil States International (NYSE:OIS) Reaches New 1-Year High – Should You Buy?

Oil States International, Inc. (NYSE:OIS) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.88 and last traded at $8.4480, with a volume of 272242 shares changing hands. The stock had previously closed at $8.39.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OIS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a report on Thursday, January 22nd. Susquehanna upped their price target on Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen downgraded Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Oil States International Price Performance

The stock has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $6.27. The firm has a market capitalization of $510.56 million, a price-to-earnings ratio of 23.09 and a beta of 1.27.

Oil States International (NYSE:OIS) last released its earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Oil States International had a net margin of 3.52% and a return on equity of 2.85%. The firm had revenue of $165.18 million during the quarter, compared to analyst estimates of $169.01 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. As a group, research analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Oil States International

In other news, CEO Cindy B. Taylor sold 14,760 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $6.75, for a total value of $99,630.00. Following the sale, the chief executive officer directly owned 2,109,724 shares in the company, valued at approximately $14,240,637. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Oil States International

Several large investors have recently bought and sold shares of OIS. Public Employees Retirement System of Ohio boosted its stake in shares of Oil States International by 187.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 11,545 shares during the period. New York State Teachers Retirement System purchased a new position in Oil States International in the second quarter worth approximately $29,000. Campbell & CO Investment Adviser LLC lifted its stake in Oil States International by 454.3% in 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 acquiring an additional 206,678 shares during the last quarter. 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 worth $6,294,000 after acquiring an additional 373,500 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 4,740 shares during the last quarter. 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.