At the time of writing, Oil States International, Inc. [OIS] stock is trading at $5.60, up 0.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The OIS shares have gain 4.67% over the last week, with a monthly amount drifted -5.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Oil States International, Inc. [NYSE: OIS] stock has seen the most recent analyst activity on September 07, 2023, when Raymond James initiated its Outperform rating and assigned the stock a price target of $10. Previously, Piper Sandler upgraded its rating to Overweight on March 07, 2022, and kept the price target unchanged to $8. On May 06, 2020, downgrade downgraded it’s rating to Hold. Raymond James downgraded its rating to a Mkt Perform. JP Morgan upgraded its rating to a Neutral but $11 remained the price target by the analyst firm on February 21, 2020. Scotiabank downgraded its rating to Sector Underperform for this stock on January 06, 2020. In a note dated December 13, 2019, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $14 to $12.
For the past year, the stock price of Oil States International, Inc. fluctuated between $5.22 and $9.02. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Oil States International, Inc. [NYSE: OIS] shares were valued at $5.60 at the most recent close of the market. An investor can expect a potential return of 42.86% based on the average OIS price forecast.
Analyzing the OIS fundamentals
According to Oil States International, Inc. [NYSE:OIS], the company’s sales were 782.28M for trailing twelve months, which represents an 2.88% jump. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.51 points at the first support level, and at 5.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.67, and for the 2nd resistance point, it is at 5.75.
Oil States International, Inc. [OIS] reported earnings per share of $0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.04 per share, a difference of $0.03 representing a surprise of 75.00%.
Ratios To Look Out For
It is important to note that Oil States International, Inc. [NYSE:OIS] has a current ratio of 3.10. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.50 and price to earnings (TTM) ratio is 27.93.
