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

Shares of Oil States International, Inc. (NYSE:OIS) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $9.33 and traded as high as $9.66. Oil States International shares last traded at $9.58, with a volume of 1,542,174 shares trading hands.

Oil States International News Summary

Here are the key news stories impacting Oil States International this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Oil States reported adjusted earnings of $0.15 per share, above the $0.12 analyst consensus and up from $0.08 a year earlier. Revenue of $169.76 million also topped estimates of approximately $162.6 million and increased 2.8% year over year. Oil States International Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Oil States authorized a $50 million equity buyback. Repurchases can support earnings per share, signal that management views the stock as undervalued, and provide additional demand for the shares. Oil States Announces $50 Million Equity Buyback
• Neutral Sentiment: The shares moved above their 200-day moving average. This is generally viewed as an improving technical signal and may attract momentum investors, but the accompanying “time to sell?” analysis highlights the possibility that the recent advance could leave the stock vulnerable to profit-taking or a reversal. Oil States Stock Price Crosses Above Two Hundred Day Moving Average
• Negative Sentiment: Profitability remains a concern. Despite the quarterly EPS beat, Oil States reported a negative net margin of 16.78%, while return on equity was only 4.28%. Investors may therefore focus on whether stronger revenue and earnings can become sustainable cash-flow and profit improvements. Oil States International Quarterly Earnings Report

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OIS shares. Raymond James Financial reduced their target price on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Stifel Nicolaus lowered their price target on Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings raised Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Susquehanna boosted their price objective on Oil States International from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.67.

Oil States International Stock Up 5.5%

The firm has a market capitalization of $577.87 million, a PE ratio of -5.12 and a beta of 1.20. The firm’s 50 day moving average price is $8.47 and its two-hundred day moving average price is $9.33. The company has a quick ratio of 1.29, a current ratio of 2.35 and a debt-to-equity ratio of 0.03.

Oil States International (NYSE:OIS) last announced its earnings results on Friday, October 30th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $169.76 million for the quarter, compared to analyst estimates of $162.62 million. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. As a group, research analysts forecast that Oil States International, Inc. will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Oil States International

Several institutional investors and hedge funds have recently made changes to their positions in OIS. Squarepoint Ops LLC increased its position in shares of Oil States International by 1,228.6% in the 2nd quarter. Squarepoint Ops LLC now owns 399,706 shares of the oil and gas company’s stock worth $3,202,000 after purchasing an additional 369,621 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Oil States International during the first quarter worth about $2,839,000. Bank of New York Mellon Corp acquired a new position in Oil States International in the second quarter worth about $2,637,000. JB Capital Partners LP acquired a new position in Oil States International in the second quarter worth about $680,850. Finally, GAMMA Investing LLC grew its stake in Oil States International by 64.2% in the third quarter. GAMMA Investing LLC now owns 3,178 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 1,243 shares in the last quarter. 97.44% of the stock is currently owned by hedge funds and other institutional investors.

About Oil States International

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.