Oil States International (NYSE:OIS) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Oil States International, Inc. (NYSE:OIS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.93 and traded as high as $5.76. Oil States International shares last traded at $5.73, with a volume of 407,214 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OIS. Stifel Nicolaus decreased their price objective on Oil States International from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 11th. StockNews.com lowered Oil States International from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Susquehanna reduced their target price on shares of Oil States International from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Friday, October 11th.

Oil States International Stock Performance

The business’s fifty day moving average price is $5.25 and its 200-day moving average price is $4.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83. The stock has a market capitalization of $362.57 million, a PE ratio of -17.41 and a beta of 2.64.

Oil States International (NYSE:OIS) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $174.30 million for the quarter, compared to analysts’ expectations of $192.09 million. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. As a group, equities research analysts expect that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC raised its holdings in Oil States International, Inc. (NYSE:OIS) by 83.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,229 shares of the oil and gas company’s stock after buying an additional 10,087 shares during the quarter. SG Americas Securities LLC’s holdings in Oil States International were worth $102,000 at the end of the most recent quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

Oil States International Company Profile

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.