Oil States International (NYSE:OIS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Oil States International, Inc. (NYSE:OIS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.66 and traded as high as $6.90. Oil States International shares last traded at $6.7250, with a volume of 534,900 shares.

Wall Street Analysts Forecast Growth

OIS has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Oil States International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Susquehanna upped their price objective on Oil States International from $5.50 to $6.50 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.50.

Oil States International Price Performance

The firm’s fifty day moving average price is $6.27 and its 200-day moving average price is $5.66. The company has a market cap of $401.82 million, a price-to-earnings ratio of 18.18 and a beta of 1.29.

Oil States International (NYSE:OIS) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $165.18 million during 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% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. As a group, equities analysts forecast that Oil States International, Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oil States International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new stake in Oil States International in the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 purchasing an additional 5,779 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Oil States International during the second quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Oil States International by 187.1% during the second 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 purchasing an additional 11,545 shares in the last quarter. 97.44% of the stock is owned by institutional investors.

Oil States International Company Profile

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.