Oil States International, Inc. (NYSE:OIS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.93 and traded as high as $5.76. Oil States International shares last traded at $5.73, with a volume of 407,214 shares.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. StockNews.com cut shares of Oil States International from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Stifel Nicolaus decreased their price objective on shares of 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, Susquehanna cut their target price on shares of Oil States International from $5.50 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th.
Read Our Latest Stock Analysis on OIS
Oil States International Stock Up 0.4 %
The company has a quick ratio of 1.83, a current ratio of 3.40 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $362.57 million, a PE ratio of -17.41 and a beta of 2.64. The business's 50-day moving average price is $5.25 and its 200-day moving average price is $4.94.
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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.04. Oil States International had a negative net margin of 2.78% and a positive return on equity of 1.78%. The company had revenue of $174.30 million during the quarter, compared to the consensus estimate of $192.09 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company's revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Oil States International stock. SG Americas Securities LLC increased its position in Oil States International, Inc. (NYSE:OIS - Free Report) by 83.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,229 shares of the oil and gas company's stock after buying an additional 10,087 shares during the period. SG Americas Securities LLC's holdings in Oil States International were worth $102,000 at the end of the most recent reporting period. Hedge funds and other 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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