Oil States International (NYSE:OIS) Hits New 1-Year High – Time to Buy?

Oil States International, Inc. (NYSE:OIS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $8.88 and last traded at $8.4480, with a volume of 272242 shares traded. The stock had previously closed at $8.39.

Analyst Upgrades and Downgrades

OIS has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Oil States International in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Susquehanna raised their target price on shares of Oil States International from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Oil States International Stock Performance

The business has a 50-day moving average of $7.30 and a 200 day moving average of $6.30. The stock has a market cap of $506.98 million, a PE ratio of 22.93 and a beta of 1.27.

Oil States International (NYSE:OIS) last released its earnings results on Friday, October 31st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $165.18 million during the quarter, compared to analysts’ expectations of $169.01 million. Oil States International had a net margin of 3.52% and a return on equity of 2.85%. Oil States International’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Equities analysts expect that Oil States International, Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at Oil States International

In related news, CEO Cindy B. Taylor sold 14,760 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $6.75, for a total value of $99,630.00. Following the sale, the chief executive officer directly owned 2,109,724 shares of the company’s stock, valued at approximately $14,240,637. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Oil States International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Oil States International by 187.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 17,716 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 11,545 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Oil States International in the 2nd quarter worth $29,000. Campbell & CO Investment Adviser LLC raised its position in shares of Oil States International by 454.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 252,171 shares of the oil and gas company’s stock worth $1,352,000 after buying an additional 206,678 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Oil States International by 46.6% in the second quarter. Hillsdale Investment Management Inc. now owns 1,174,300 shares of the oil and gas company’s stock valued at $6,294,000 after acquiring an additional 373,500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Oil States International by 221.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 4,740 shares during the period. Institutional investors and hedge funds own 97.44% of the company’s stock.

About Oil States International

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.