Oil States International, Inc (NYSE:OIS) price on Friday, February 28, rose 1.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.44.
A look at the stock’s price movement, the close in the last trading session was $5.34. Turning to its 52-week performance, $6.53 and $3.91 were the 52-week high and 52-week low respectively. Overall, OIS moved 4.02% over the past month.
Oil States International, Inc’s market cap currently stands at around $335.98 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 164.2M for the company’s revenue for the quarter, with a low and high estimate of 162M and 167M respectively. The average forecast suggests down to a -1.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 709.08M, representing a 2.38% jump 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 3.60% and 4.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.91, while 7-day volatility ratio is 5.77% and 4.61% in the 30-day chart. Further, Oil States International, Inc (OIS) has a beta value of 2.55, and an average true range (ATR) of 0.25. 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 -37.87% off current price level while to achieve the yearly target high, price needs to move -37.87%. Nonetheless, investors will most likely welcome a -37.87% 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 557.57K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.49 million shares.
The 6.92% of Oil States International, Inc’s shares are in the hands of company insiders while institutional holders own 79.82% of the company’s shares. Current price change has pushed the stock 7.51% 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.
