During the last session, Oil States International, Inc. (NYSE:OIS)’s traded shares were 15.56 million, with the beta value of the company hitting 2.56. At the end of the trading day, the stock’s price was $5.95, reflecting an intraday gain of 6.25% or $0.35. The 52-week high for the OIS share is $9.02, that puts it down -51.6 from that peak though still a striking 12.27% gain since the share price plummeted to a 52-week low of $5.22. The company’s market capitalization is $378.30M, and the average intraday trading volume over the past 10 days was 1.99 million shares, and the average trade volume was 1.01 million shares over the past three months.
Oil States International, Inc. (NYSE:OIS) trade information
Oil States International, Inc. (OIS) registered a 6.25% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.25% in intraday trading to $5.95, hitting a weekly high. The stock’s 5-day price performance is 6.25%, and it has moved by 0.17% in 30 days. Based on these gigs, the overall price performance for the year is -21.71%. The short interest in Oil States International, Inc. (NYSE:OIS) is 4.77 million shares and it means that shorts have 4.7 day(s) to cover.
Oil States International, Inc. (OIS) estimates and forecasts
Statistics show that Oil States International, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Oil States International, Inc. (OIS) shares have gone down -31.61% during the last six months, with a year-to-date growth rate less than the industry average at 16.67% against 34.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -66.70% this quarter and then jump 600.00% in the quarter after that. In the rating firms’ projections, revenue will increase 4.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $196.97 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $200.26 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $196.2 million and $201.87 million respectively. In this case, analysts expect current quarter sales to grow by 0.40% and then drop by -0.80% in the coming quarter.
While earnings are projected to return 49.00% in 2024, the next five years will return -6.99% per annum.
OIS Dividends
Oil States International, Inc. is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Oil States International, Inc. (NYSE:OIS)’s Major holders
Oil States International, Inc. insiders own 4.13% of total outstanding shares while institutional holders control 95.42%, with the float percentage being 99.53%. Blackrock Inc. is the largest shareholder of the company, while 258 institutions own stock in it. As of Jun 29, 2023, the company held over 12.15 million shares (or 19.02% of all shares), a total value of $90.78 million in shares.
The next largest institutional holding, with 4.32 million shares, is of Palisade Capital Management, L.P.’s that is approximately 6.76% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $32.28 million.
Also, the Mutual Funds coming in first place with the largest holdings of Oil States International, Inc. (OIS) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2023 indicates that iShares Core S&P Smallcap ETF owns about 4.32 million shares. This amounts to just over 6.75 percent of the company’s overall shares, with a $36.13 million market value. The same data shows that the other fund manager holds slightly less at 1.85 million, or about 2.89% of the stock, which is worth about $13.81 million.
