Oil States International (NYSE:OIS) Shares Cross Above 200 Day Moving Average of $4.92

Oil States International, Inc. (NYSE:OIS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.92 and traded as high as $4.96. Oil States International shares last traded at $4.83, with a volume of 413,096 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on Oil States International from $7.50 to $5.50 and set a “neutral” rating for the company in a research report on Monday, July 15th. StockNews.com raised shares of Oil States International from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Susquehanna raised their price target on shares of Oil States International from $4.50 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, July 30th.

Oil States International Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.75 and a current ratio of 3.26. The stock has a market cap of $308.11 million, a PE ratio of -120.75 and a beta of 2.65. The company’s 50-day moving average price is $4.93 and its 200 day moving average price is $4.92.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. Oil States International had a negative net margin of 0.25% and a positive return on equity of 2.18%. The business had revenue of $186.40 million for the quarter, compared to the consensus estimate of $183.40 million. During the same period last year, the firm earned $0.01 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, analysts forecast that Oil States International, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Oil States International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gendell Jeffrey L boosted its position in shares of Oil States International by 8.0% in the first quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company’s stock worth $17,848,000 after purchasing an additional 215,274 shares during the period. Hennessy Advisors Inc. increased its stake in Oil States International by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 485,600 shares of the oil and gas company’s stock worth $2,991,000 after buying an additional 148,300 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Oil States International by 109.0% in the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company’s stock worth $2,031,000 after buying an additional 171,971 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Oil States International by 42.4% during the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company’s stock valued at $1,118,000 after acquiring an additional 74,983 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Oil States International by 524.0% in the first quarter. Quantbot Technologies LP now owns 102,380 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 85,973 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides engineered capital equipment and products for the energy, industrial, and military sectors worldwide. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle.