Oil States International (NYSE:OIS) Shares Pass Above 200 Day Moving Average – What’s Next?

Oil States International, Inc. (NYSE:OIS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.05 and traded as high as $5.47. Oil States International shares last traded at $5.30, with a volume of 1,202,158 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Oil States International from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th.

Oil States International Stock Performance

The firm has a market capitalization of $327.02 million, a P/E ratio of -16.04 and a beta of 2.57. The stock has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $5.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.40 and a quick ratio of 1.83.

Oil States International (NYSE:OIS) last issued its earnings results on Friday, February 21st. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $164.60 million during the quarter, compared to the consensus estimate of $173.33 million. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. On average, research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Oil States International

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in Oil States International in the fourth quarter worth approximately $97,000. Quantbot Technologies LP bought a new stake in Oil States International in the fourth quarter worth approximately $128,000. SG Americas Securities LLC increased its holdings in shares of Oil States International by 21.5% during the fourth quarter. SG Americas Securities LLC now owns 27,000 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 4,771 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Oil States International by 82.4% during the fourth quarter. MetLife Investment Management LLC now owns 37,681 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 17,019 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of Oil States International by 14.2% during the fourth quarter. Ethic Inc. now owns 47,288 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 5,864 shares in the last quarter. 97.44% of the stock is currently owned by institutional investors.

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.