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Oil States International Inc. (NYSE: OIS): How Can A Stock Be Up 0.94% Year To Date, But Still Loser

Oil States International Inc. (NYSE:OIS)’s traded shares stood at 5.34 million during the last session, with the company’s beta value hitting 2.95. At the close of trading, the stock’s price was $7.53, to imply a decrease of -1.31% or -$0.1 in intraday trading. The OIS share’s 52-week high remains $10.47, putting it -39.04% down since that peak but still an impressive 53.39% since price per share fell to its 52-week low of $3.51. The company has a valuation of $500.82M, with an average of 1.55 million shares in intraday trading volume over the past 10 days and average of 661.41K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Oil States International Inc. (OIS), translating to a mean rating of 2.20. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OIS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.04.

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Oil States International Inc. (NYSE:OIS) trade information

After registering a -1.31% downside in the last session, Oil States International Inc. (OIS) has traded red over the past five days. The stock hit a weekly high of 8.41 this Friday, 03/17/23, dropping -1.31% in its intraday price action. The 5-day price performance for the stock is -12.34%, and -15.77% over 30 days. With these gigs, the year-to-date price performance is 0.94%. Short interest in Oil States International Inc. (NYSE:OIS) saw shorts transact 1.96 million shares and set a 3.72 days time to cover.

Analysts on Wall Street suggest a consensus price target of $12.33, implying an increase of 38.93% to the stock’s current value. The extremes give us $10.00 and $15.00 for target low and target high price respectively. As such, OIS has been trading -99.2% off suggested target high and -32.8% from its likely low.

Oil States International Inc. (OIS) estimates and forecasts

Looking at statistics comparing Oil States International Inc. share performance against respective industry, we note that the company has outperformed competitors. Oil States International Inc. (OIS) shares are 67.33% up over the last 6 months, with its year-to-date growth rate higher than industry average at 300.00% against 36.70%. Revenue is forecast to grow 128.60% this quarter before jumping 118.80% for the next one. The rating firms project that company’s revenue will grow 28.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $198.62 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $198.5 million.Earnings reports from the last fiscal year show that sales brought in $161.32 million and $164.04 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 23.10% before jumping 21.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 23.80% for the past 5-year period. While 2023 is set for a 85.40% return in earnings, projections for the next 5 years are at -6.99% annually.

OIS Dividends

Oil States International Inc. has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Oil States International Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Oil States International Inc. (NYSE:OIS)’s Major holders

Oil States International Inc. insiders hold 2.77% of total outstanding shares, with institutional holders owning 90.27% of the shares at 92.84% float percentage. In total, 90.27% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 11.45 million shares (or 17.91% of shares), all amounting to roughly $44.53 million.

The next major institution holding the largest number of shares is Palisade Capital Management, L.L.C. with 4.51 million shares, or about 7.06% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $17.54 million.

We also have iShares Core S&P Smallcap ETF and Fidelity Low-Priced Stock Fund as the top two Mutual Funds with the largest holdings of the Oil States International Inc. (OIS) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 4.77 million shares. This is just over 7.47% of the total shares, with a market valuation of $35.61 million. Data from the same date shows that the other fund manager holds a little less at 2.51 million, or 3.93% of the shares, all valued at about 16.95 million.

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