The stock of Oil States International, Inc. (OIS) has seen a -4.08% decrease in the past week, with a 9.48% gain in the past month, and a 0.00% decrease in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are at 3.47% for OIS. The simple moving average for the last 20 days is 1.23% for OIS’s stock, with a simple moving average of -13.68% 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 higher price-to-earnings ratio of 30.52x compared to its average ratio, The 36-month beta value for OIS is at 2.55. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 14 as “hold,” and 0 as “sell.”
The public float for OIS is 60.72M, and currently, shorts hold a 2.67% of that float. The average trading volume for OIS on April 11, 2024 was 1.33M shares.
OIS) stock’s latest price update
Oil States International, Inc. (NYSE: OIS)’s stock price has dropped by -0.49 in relation to previous closing price of 6.15. Nevertheless, the company has seen a loss of -4.08% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-06 that Oil States International expects revenue and cash flow growth in 2024 due to the commercialization of new technologies and the recovery of natural gas prices. The company’s book-to-bill ratio deteriorated in Q4, but improved cash flows and low leverage should boost investor confidence. OIS’s stock is reasonably valued compared to its peers, and I maintain my “buy” rating based on growth and profitability prospects.
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 3.56% 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 -32.15% of loss for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares surge +9.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.13% lower at present.
During the last 5 trading sessions, OIS fell by -4.08%, which changed the moving average for the period of 200-days by -11.82% in comparison to the 20-day moving average, which settled at $6.07. In addition, Oil States International, Inc. saw -9.87% 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 0.65. 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
In conclusion, Oil States International, Inc. (OIS) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
