Oil States International, Inc. (NYSE:OIS) price on current trading day, rose 2.20% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.11.
A look at the stock’s price movement, the close in the last trading session was $5.00, moving within a range at $5.025 and $5.23. The beta value (5-Year monthly) was 2.653. Turning to its 52-week performance, $8.29 and $3.91 were the 52-week high and 52-week low respectively. Overall, OIS moved 6.02% over the past month.
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Oil States International, Inc.’s market cap currently stands at around $325.97 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-25.
Analysts have a consensus estimate of 192.47M for the company’s revenue for the quarter, with a low and high estimate of 184.19M and 209M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 749.2M, representing a -4.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OIS is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend OIS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OIS’s current price about 9.09% and 3.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.06, while 7-day volatility ratio is 3.86% and 3.63% in the 30-day chart. Further, Oil States International, Inc. (OIS) has a beta value of 2.63, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $7.5 and high of $7.5. Looking at the price targets, the low is -46.77% off current price level while to achieve the yearly target high, price needs to move -46.77%. Nonetheless, investors will most likely welcome a -46.77% jump to $7.5 which is the analysts’ median price.
If we refocus on Oil States International, Inc. (NYSE:OIS), historical trading data shows that trading volumes averaged 0.66 over the past 10 days and 780.78K over the past 3 months. The company’s latest data on shares outstanding shows there are 63.33 million shares.
The 5.80% of Oil States International, Inc.’s shares are in the hands of company insiders while institutional holders own 82.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.69 million on 2024-09-13, giving us a short ratio of 2.61. The data shows that as of 2024-09-13 short interest in Oil States International, Inc. (OIS) stood at 340.99999999999994 of shares outstanding, with shares short falling to 2.12 million registered in 2024-08-15. Current price change has pushed the stock -24.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OIS stock continues to rise going into the next quarter.
