Oil States International, Inc. (NYSE:OIS – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $8.48 and traded as high as $8.60. Oil States International shares last traded at $8.5150, with a volume of 838,291 shares traded.
Analyst Ratings Changes
A number of analysts have recently issued reports on OIS shares. Weiss Ratings upgraded Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Stifel Nicolaus reduced their target price on Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Susquehanna lifted their price target on shares of Oil States International from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Finally, Wall Street Zen raised shares of Oil States International from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.
Check Out Our Latest Stock Report on OIS
Oil States International Stock Performance
The stock’s 50 day simple moving average is $8.48 and its two-hundred day simple moving average is $9.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.36 and a quick ratio of 1.27. The company has a market capitalization of $509.28 million, a P/E ratio of -4.55 and a beta of 1.24.
Oil States International (NYSE:OIS – Get Free Report) last released its earnings results on Friday, October 30th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Oil States International had a negative net margin of 16.47% and a positive return on equity of 5.13%. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $162.62 million. During the same period in the prior year, the company posted $0.08 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Oil States International, Inc. will post 0.54 earnings per share for the current year.
Institutional Trading of Oil States International
A number of hedge funds have recently modified their holdings of OIS. GAMMA Investing LLC boosted its stake in Oil States International by 64.2% during the 3rd quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 1,243 shares during the last quarter. USA Financial Formulas bought a new stake in Oil States International in the first quarter valued at approximately $50,000. Integrated Wealth Concepts LLC acquired a new stake in Oil States International in the second quarter worth $58,000. EverSource Wealth Advisors LLC grew its stake in Oil States International by 19.4% in the first quarter. EverSource Wealth Advisors LLC now owns 9,248 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 1,502 shares during the period. Finally, Entropy Technologies LP bought a new stake in Oil States International during the 1st quarter worth approximately $119,000. 97.44% of the stock is currently owned by institutional investors and hedge funds.
About Oil States International
Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.
Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.
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