Oil States International (NYSE:OIS) Shares Gap Down – Should You Sell?

Oil States International, Inc. (NYSE:OIS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.66, but opened at $12.00. Oil States International shares last traded at $12.0470, with a volume of 280,988 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Oil States International from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Raymond James Financial reissued an “outperform” rating and issued a $14.00 target price on shares of Oil States International in a research note on Monday, February 23rd. Stifel Nicolaus raised their price target on Oil States International from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Susquehanna lifted their price target on Oil States International from $8.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Oil States International Trading Down 4.3%

The stock has a market capitalization of $729.14 million, a P/E ratio of -6.36 and a beta of 1.16. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $7.83.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, February 20th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Oil States International had a negative net margin of 16.35% and a positive return on equity of 3.27%. The company had revenue of $178.46 million for the quarter, compared to analysts’ expectations of $178.92 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $37,000 after buying an additional 4,740 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Oil States International by 98.8% during the third quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 5,779 shares during the period. NewEdge Advisors LLC bought a new position in shares of Oil States International during the second quarter valued at approximately $84,000. Captrust Financial Advisors raised its holdings in shares of Oil States International by 19.5% during the fourth quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after acquiring an additional 2,332 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Oil States International by 71.5% in the third quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 7,845 shares during the period. 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.