In the past week, OIS stock has gone up by 1.63%, with a monthly gain of 16.26% and a quarterly plunge of -6.47%. The volatility ratio for the week is 2.48%, and the volatility levels for the last 30 days are 3.76% for Oil States International, Inc. The simple moving average for the last 20 days is 5.35% for OIS’s stock, with a simple moving average of -12.44% for the last 200 days.
Is It Worth Investing in Oil States International, Inc. (NYSE: OIS) Right Now?
Oil States International, Inc. (NYSE: OIS) has a price-to-earnings ratio that is above its average at 31.02x. The stock has a 36-month beta value of 2.55. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 0 as “sell.”
The public float for OIS is 60.72M, and at present, short sellers hold a 6.11% of that float. On April 05, 2024, the average trading volume of OIS was 1.31M shares.
OIS) stock’s latest price update
Oil States International, Inc. (NYSE: OIS)’s stock price has dropped by -2.51 in relation to previous closing price of 6.38. Nevertheless, the company has seen a gain of 1.63% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Lower equipment demand and significant debt exposures are matters of concern, making the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. Kodiak Gas (KGS), Oil States, (OIS), Matrix Service (MTRX) and Profire Energy (PFIE) are trying to survive industry challenges.
Analysts’ Opinion of OIS
Many brokerage firms have already submitted their reports for OIS stocks, with Raymond James repeating the rating for OIS by listing it as a “Outperform.” The predicted price for OIS in the upcoming period, according to Raymond James is $10 based on the research report published on September 07, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see OIS reach a price target of $8. The rating they have provided for OIS stocks is “Overweight” according to the report published on March 07th, 2022.
OIS Trading at 5.18% from the 50-Day Moving Average
After a stumble in the market that brought OIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.04% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +14.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.47% upper at present.
During the last 5 trading sessions, OIS rose by +1.63%, which changed the moving average for the period of 200-days by -10.63% in comparison to the 20-day moving average, which settled at $5.94. In addition, Oil States International, Inc. saw -8.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OIS
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.15 for the gross margin
The net margin for Oil States International, Inc. stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 1.81, with 1.20 for asset returns.
Based on Oil States International, Inc. (OIS), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 2.42.
Currently, EBITDA for the company is 86.17 million with net debt to EBITDA at 1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 3.85for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.10.
Conclusion
To sum up, Oil States International, Inc. (OIS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
