Oil States International (NYSE:OIS) Sets New 12-Month High – Still a Buy?

Oil States International, Inc. (NYSE:OIS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.43 and last traded at $8.3950, with a volume of 106146 shares traded. The stock had previously closed at $8.06.

Wall Street Analysts Forecast Growth

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

Oil States International Stock Performance

The stock has a market capitalization of $502.74 million, a PE ratio of 22.74 and a beta of 1.27. The company’s fifty day simple moving average is $6.93 and its two-hundred day simple moving average is $6.15.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.08 EPS 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 business had revenue of $165.18 million during the quarter, compared to analyst estimates of $169.01 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Sell-side analysts forecast 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 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 transaction, the chief executive officer owned 2,109,724 shares of the company’s stock, valued at approximately $14,240,637. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company’s stock.

Institutional Trading of Oil States International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OIS. New York State Teachers Retirement System purchased a new position in Oil States International in the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its position 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 valued at $37,000 after buying an additional 4,740 shares during the last quarter. BNP Paribas Financial Markets boosted its position in 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 worth $70,000 after acquiring an additional 5,779 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Oil States International in the 2nd quarter worth approximately $84,000. Finally, Public Employees Retirement System of Ohio raised its holdings in 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 acquiring an additional 11,545 shares during the last quarter. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Oil States International Company Profile

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.