Oil States International (NYSE:OIS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.27 and traded as high as $8.69. Oil States International shares last traded at $8.3850, with a volume of 1,123,284 shares changing hands.

Wall Street Analyst Weigh In

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

Oil States International Stock Performance

The company has a 50-day moving average of $7.20 and a 200 day moving average of $6.27. The firm has a market cap of $501.00 million, a P/E ratio of 22.66 and a beta of 1.27.

Oil States International (NYSE:OIS) last announced its quarterly earnings results 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 company had revenue of $165.18 million during the quarter, compared to the consensus estimate of $169.01 million. Oil States International had a net margin of 3.52% and a return on equity of 2.85%. The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. Sell-side analysts anticipate that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity at Oil States International

In related news, CEO Cindy B. Taylor sold 14,760 shares of the firm’s stock in a transaction on 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 directly owned 2,109,724 shares of the company’s stock, valued at $14,240,637. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.80% of the stock is owned by insiders.

Institutional Trading of Oil States International

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in Oil States International by 20.5% during the 3rd quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock worth $115,000 after buying an additional 3,222 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 4,740 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Oil States International during the second quarter worth $29,000. BNP Paribas Financial Markets lifted its position in Oil States International by 98.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after acquiring an additional 5,779 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Oil States International by 71.5% in the 3rd quarter. SG Americas Securities LLC now owns 18,814 shares of the oil and gas company’s stock valued at $114,000 after acquiring an additional 7,845 shares in the last quarter. 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.