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

Oil States International, Inc. (NYSE:OIS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $9.53 and last traded at $9.1560, with a volume of 24593 shares trading hands. The stock had previously closed at $9.40.

Analyst Ratings Changes

Several brokerages have commented on OIS. Susquehanna boosted their target price on shares of Oil States International from $6.50 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.00.

Oil States International Stock Performance

The firm has a fifty day simple moving average of $7.87 and a 200 day simple moving average of $6.59. The company has a market cap of $554.78 million, a PE ratio of 25.12 and a beta of 1.30.

Insider Buying and Selling

In related news, CEO Cindy B. Taylor sold 14,760 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Oil States International

Several institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new position in shares of Oil States International in the 2nd quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in 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 period. BNP Paribas Financial Markets lifted 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 valued at $70,000 after buying an additional 5,779 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Oil States International during the second quarter worth approximately $84,000. Finally, Captrust Financial Advisors raised its stake in shares of Oil States International by 19.5% in the 4th 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 during the period. 97.44% of the stock is owned by hedge funds and other institutional investors.

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.