Shares of Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.67 and traded as high as $5.46. Oil States International shares last traded at $5.36, with a volume of 354,800 shares traded.
Analysts Set New Price Targets
Several analysts have commented on OIS shares. StockNews.com lowered Oil States International from a "hold" rating to a "sell" rating in a report on Friday, November 1st. Susquehanna cut 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. Finally, Stifel Nicolaus reduced their price target 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.
View Our Latest Stock Report on Oil States International
Oil States International Price Performance
The company has a market cap of $336.38 million, a PE ratio of -16.15 and a beta of 2.64. The stock has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $4.68. 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 posted its earnings results on Wednesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The firm had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same period last year, the firm posted $0.09 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts predict that Oil States International, Inc. will post 0.18 EPS for the current fiscal year.
Institutional Trading of Oil States International
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Oil States International by 202.1% in 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. Russell Investments Group Ltd. grew its stake in Oil States International by 109.0% during the 1st quarter. Russell Investments Group Ltd. now owns 329,736 shares of the oil and gas company's stock valued at $2,031,000 after purchasing an additional 171,971 shares in the last quarter. Public Employees Retirement System of Ohio lifted 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 buying an additional 16,160 shares during the last quarter. Gendell Jeffrey L grew its position in shares of Oil States International by 8.0% in the 1st quarter. Gendell Jeffrey L now owns 2,897,405 shares of the oil and gas company's stock worth $17,848,000 after acquiring an additional 215,274 shares in the last quarter. Finally, Comerica Bank increased its holdings 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 valued at $284,000 after acquiring an additional 14,631 shares during the last quarter. 97.44% of the stock is owned by hedge funds and other institutional investors.
Oil States International Company Profile
(
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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