Oil States International (NYSE:OIS) Stock Crosses Above 200-Day Moving Average of $4.92

Oil States International, Inc. (NYSE:OIS - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Ratings Changes

Several research firms have recently weighed in on OIS. Susquehanna raised their price objective 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. 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. Finally, StockNews.com raised Oil States International from a "sell" rating to a "hold" rating in a research note on Tuesday, July 30th.

Oil States International Trading Down 0.2 %

The company has a current ratio of 3.26, a quick ratio of 1.75 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $4.93 and its two-hundred day moving average price is $4.92. The stock has a market capitalization of $306.83 million, a P/E ratio of -120.25 and a beta of 2.65.

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

Institutional Investors Weigh In On Oil States International

Large investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its stake in Oil States International by 42.4% in the second quarter. Wedge Capital Management L L P NC now owns 251,807 shares of the oil and gas company's stock worth $1,118,000 after acquiring an additional 74,983 shares during the period. Comerica Bank lifted its position in shares of Oil States International by 46.6% in the 1st quarter. Comerica Bank now owns 46,057 shares of the oil and gas company's stock worth $284,000 after purchasing an additional 14,631 shares during the period. Gendell Jeffrey L boosted its stake in shares of Oil States International by 8.0% during the 1st quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company's stock valued at $17,848,000 after purchasing an additional 215,274 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Oil States International by 23.4% during the first quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company's stock valued at $525,000 after buying an additional 16,160 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Oil States International by 109.0% during the first quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company's stock valued at $2,031,000 after buying an additional 171,971 shares during the period. 97.44% of the stock is currently owned by institutional investors.

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.