In the last trading session, 1,139,791 Oil States International, Inc. (NYSE:OIS) shares changed hands as the company’s beta touched 3.93. With the company’s per share price at $8.4 changed hands at $0.4 or 0.05% during last session, the market valuation stood at $514.76 Million. OIS’s last price was a discount, traded about -12.98% off its 52-week high of $9.49. The share price had its 52-week low at $2.37, which suggests the last value was 71.79% up since then. When we look at Oil States International, Inc.’s average trading volume, we note the 10-day average is 1.89 Million shares, with the 3-month average coming to 1.09 Million.
Analysts gave the Oil States International, Inc. (OIS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 4 recommended OIS as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Oil States International, Inc.’s EPS for the current quarter is expected to be -$0.17.
Oil States International, Inc. (NYSE:OIS) trade information
Instantly OIS was in green as seen at the end of in last trading. With action 5%, the performance over the past five days has been green. The jump to weekly highs of $8.53- on Monday, Jun 21 added 1.52% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.67%, with the 5-day performance at 0.13% in the green. However, in the 30-day time frame, Oil States International, Inc. (NYSE:OIS) is 0.34% up. Looking at the short shares, we see there were 2.58 Million shares sold at short interest cover period of 2.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is $8.03, meaning bulls need a downside of -4.4% from its current market value. According to analyst projections, OIS’s forecast low is $5 with $10 as the target high. To hit the forecast high, the stock’s price needs a +19.05% upsurge from its current level, while the stock would need to tank -40.48% for it to hit the projected low.
Oil States International, Inc. (OIS) estimates and forecasts
Data shows that the Oil States International, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +55.84% over the past 6 months, a 33.33% in annual growth rate that is considerably higher than the industry average of 1.5%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Oil States International, Inc. will rise +48.5%, while the growth in revenue is estimated to hit 60.6% for the next quarter. Year-over-year growth is forecast to reach -6.1% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $147.95 Million. 6 analysts are of the opinion that Oil States International, Inc.’s revenue for the quarter ending September 01, 2021 will be $158.73 Million. The company’s revenue for the corresponding quarters a year ago was $154.33 Million and $134.76 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -4.1%. The estimates for the next quarter sales put growth at 17.8%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -63.22%. The 2021 estimates are for Oil States International, Inc. earnings to decrease by -107.6%, but the outlook for the next 5-year period is at -6.99% per year.
Oil States International, Inc. (NYSE:OIS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.62% of Oil States International, Inc. shares while 84.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.07%. There are 202 institutions holding the Oil States International, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 17.74% of the shares, roughly 10.87 Million OIS shares worth $65.56 Million.
FMR, LLC holds the second largest percentage of outstanding shares, with 10.58% or 6.48 Million shares worth $39.08 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Apr 29, 2021 were iShares Core S&P Smallcap ETF and Fidelity Low-Priced Stock Fund. With 4052694 shares estimated at $22.74 Million under it, the former controlled 6.61% of total outstanding shares. On the other hand, Fidelity Low-Priced Stock Fund held about 4.24% of the shares, roughly 2.6 Million shares worth around $14.54 Million.