Oil States International (NYSE:OIS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Oil States International, Inc. (NYSE:OIS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.86 and traded as high as $6.93. Oil States International shares last traded at $6.89, with a volume of 278,901 shares trading hands.

Wall Street Analyst Weigh In

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

Oil States International Stock Down 0.1%

The firm has a market capitalization of $411.68 million, a P/E ratio of 18.62 and a beta of 1.30. The firm’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $5.86.

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

Insiders Place Their Bets

In other Oil States International news, CEO Cindy B. Taylor sold 14,760 shares of Oil States International 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 completion of the sale, the chief executive officer owned 2,109,724 shares of the company’s stock, valued at $14,240,637. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Oil States International

A number of large investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. boosted its stake in Oil States International by 46.6% in the second quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company’s stock worth $6,294,000 after buying an additional 373,500 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Oil States International by 157.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock worth $2,933,000 after acquiring an additional 334,279 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of 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 purchasing an additional 206,678 shares in the last quarter. LSV Asset Management bought a new position in shares of Oil States International during the 3rd quarter valued at $1,094,000. Finally, Russell Investments Group Ltd. raised its position in Oil States International by 121.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 157,688 shares during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.