The stock of Oil States International, Inc. (OIS) has gone down by 0.00% for the week, with a -5.54% drop in the past month and a 18.34% rise in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are 3.38% for OIS. The simple moving average for the last 20 days is 4.13% for OIS’s stock, with a simple moving average of -4.09% for the last 200 days.
Is It Worth Investing in Oil States International, Inc. (NYSE: OIS) Right Now?
OIS has 36-month beta value of 2.67. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for OIS is 60.09M, and currently, short sellers hold a 3.52% ratio of that float. The average trading volume of OIS on September 02, 2024 was 864.87K shares.
OIS) stock’s latest price update
The stock price of Oil States International, Inc. (NYSE: OIS) has dropped by -0.38 compared to previous close of 5.31. zacks.com reported 2024-07-29 that Oil States International (OIS) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.01 per share a year ago.
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 11.23% 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 -40.70% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -0.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.16% upper at present.
During the last 5 trading sessions, OIS remain unchanged, which changed the moving average for the period of 200-days by -26.12% in comparison to the 20-day moving average, which settled at $5.08. In addition, Oil States International, Inc. saw -22.09% 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:
- 0.02 for the present operating margin
- 0.14 for the gross margin
The net margin for Oil States International, Inc. stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.31, with -0.21 for asset returns.
Based on Oil States International, Inc. (OIS), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 1.72.
Currently, EBITDA for the company is 86.17 million with net debt to EBITDA at 1.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.
Conclusion
To put it simply, Oil States International, Inc. (OIS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
