Oil States International, Inc. (NYSE:OIS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.01 and traded as high as $5.43. Oil States International shares last traded at $5.26, with a volume of 433,305 shares traded.
Analyst Ratings Changes
A number of analysts have weighed in on OIS shares. Susquehanna decreased their price objective on Oil States International from $5.50 to $5.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Stifel Nicolaus cut their target price on Oil States International from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Finally, StockNews.com downgraded Oil States International from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th.
Check Out Our Latest Analysis on OIS
Oil States International Trading Down 3.4 %
The firm has a market capitalization of $319.97 million, a PE ratio of -15.36 and a beta of 2.64. The business has a 50 day moving average price of $5.27 and a 200-day moving average price of $5.01. The company has a current ratio of 3.40, a quick ratio of 1.83 and a debt-to-equity ratio of 0.18.
Oil States International (NYSE:OIS - Get Free Report) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. The business had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. Oil States International had a positive return on equity of 1.78% and a negative net margin of 2.78%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Analysts expect that Oil States International, Inc. will post 0.16 earnings per share for the current year.
Hedge Funds Weigh In On Oil States International
A hedge fund recently raised its stake in Oil States International stock. SG Americas Securities LLC boosted its position in Oil States International, Inc. (NYSE:OIS - Free Report) by 83.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,229 shares of the oil and gas company's stock after purchasing an additional 10,087 shares during the period. SG Americas Securities LLC's holdings in Oil States International were worth $102,000 as of its most recent SEC filing. Institutional investors own 97.44% of the company's stock.
About Oil States International
(
Get Free Report)
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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