Oil States International, Inc. (NYSE:OIS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.05 and traded as high as $5.46. Oil States International shares last traded at $5.32, with a volume of 671,094 shares traded.
Analysts Set New Price Targets
OIS has been the topic of a number of analyst reports. Piper Sandler lowered their price target on Oil States International from $7.50 to $5.50 and set a "neutral" rating on the stock in a research report on Monday, July 15th. Susquehanna increased their target price on shares of Oil States International from $4.50 to $5.50 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Oil States International from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Oil States International from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.75.
Get Our Latest Report on Oil States International
Oil States International Trading Down 0.8 %
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 firm has a market cap of $338.41 million, a price-to-earnings ratio of -132.88 and a beta of 2.67. The company's 50-day moving average is $4.69 and its 200-day moving average is $5.05.
Oil States International (NYSE:OIS - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.07 EPS for the quarter, beating 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 analysts' expectations of $183.40 million. During the same period in the prior year, the firm earned $0.01 earnings per share. Oil States International's revenue was up 1.6% compared to the same quarter last year. On average, research analysts predict that Oil States International, Inc. will post 0.2 earnings per share for the current year.
Hedge Funds Weigh In On Oil States International
Several hedge funds have recently added to or reduced their stakes in OIS. GAMMA Investing LLC bought a new stake in shares of Oil States International during the 4th quarter valued at $35,000. Russell Investments Group Ltd. lifted its stake in Oil States International by 19.9% in the fourth quarter. Russell Investments Group Ltd. now owns 157,765 shares of the oil and gas company's stock valued at $1,071,000 after buying an additional 26,137 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Oil States International by 19.3% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 94,843 shares of the oil and gas company's stock worth $643,000 after buying an additional 15,340 shares during the period. Hennessy Advisors Inc. increased its stake in shares of 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 valued at $2,991,000 after acquiring an additional 148,300 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Oil States International by 202.1% in the 1st quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company's stock valued at $322,000 after acquiring an additional 34,979 shares during the period. Institutional investors own 97.44% of the company's stock.
About Oil States International
(
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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.
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