Oil States International (NYSE:OIS) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Oil States International, Inc. (NYSE:OIS - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.65 and traded as high as $5.37. Oil States International shares last traded at $5.25, with a volume of 580,621 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna lowered their price target on shares of Oil States International from $5.50 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Piper Sandler reduced their price objective 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. StockNews.com downgraded shares of Oil States International from a "hold" rating to a "sell" rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus decreased their target price on shares of Oil States International from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, October 11th.

Oil States International Price Performance

The firm has a market cap of $331.33 million, a price-to-earnings ratio of -15.91 and a beta of 2.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.83 and a current ratio of 3.40. The company's fifty day moving average is $4.72 and its two-hundred day moving average is $4.65.

Oil States International (NYSE:OIS - Get Free Report) last released its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The company had revenue of $174.30 million during the quarter, compared to analysts' expectations of $192.09 million. During the same period in the prior year, the business posted $0.09 EPS. The business's revenue was down 6.5% on a year-over-year basis. Equities research analysts forecast that Oil States International, Inc. will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in 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 acquiring an additional 171,971 shares during the period. Quantbot Technologies LP lifted its stake in 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 buying an additional 85,973 shares during the period. BNP Paribas Financial Markets grew its holdings in Oil States International by 202.1% during the first quarter. BNP Paribas Financial Markets now owns 52,288 shares of the oil and gas company's stock valued at $322,000 after purchasing an additional 34,979 shares during the period. Comerica Bank raised its position in shares of Oil States International by 46.6% during the first 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. Finally, Public Employees Retirement System of Ohio increased its holdings in Oil States International by 23.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 85,287 shares of the oil and gas company's stock worth $525,000 after purchasing an additional 16,160 shares in the last quarter. 97.44% of the stock is currently 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.