While Oil States International, Inc has underperformed by -4.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OIS rose by 21.54%, with highs and lows ranging from $6.88 to $3.08, whereas the simple moving average jumped by 18.63% in the last 200 days.
On September 07, 2023, Raymond James started tracking Oil States International, Inc (NYSE: OIS) recommending Outperform. A report published by Piper Sandler on March 07, 2022, Upgraded its rating to ‘Overweight’ for OIS. JP Morgan February 21, 2020d its ‘Underweight’ rating to ‘Neutral’ for OIS, as published in its report on February 21, 2020. JP Morgan also rated the stock as ‘Underweight’.
Analysis of Oil States International, Inc (OIS)
Further, the quarter-over-quarter decrease in sales is -5.26%, showing a negative trend in the upcoming months.
Oil States International, Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 3.31% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.03, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and OIS is registering an average volume of 559.52K. On a monthly basis, the volatility of the stock is set at 4.76%, whereas on a weekly basis, it is put at 7.00%, with a loss of -6.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.25, showing growth from the present price of $6.15, which can serve as yet another indication of whether OIS is worth investing in or should be passed over.
How Do You Analyze Oil States International, Inc Shares?
A giant in the Oil & Gas Equipment & Services market, Oil States International, Inc (OIS) is based in the USA. When comparing Oil States International, Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.40, there is a growth in quarterly earnings of 113.67%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
