Oil States International, Inc. (NYSE:OIS) has a beta value of 2.56 and has seen 1.62 million shares traded in the last trading session. The company, currently valued at $378.94M, closed the last trade at $5.96 per share which meant it gained $0.08 on the day or 1.36% during that session. The OIS stock price is -51.34% off its 52-week high price of $9.02 and 12.42% above the 52-week low of $5.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.2 million shares traded. The 3-month trading volume is 1.24 million shares.
Oil States International, Inc. (NYSE:OIS) trade information
Sporting 1.36% in the green in last session, the stock has traded in the green over the last five days, when the OIS stock price touched $5.96 or saw a rise of 1.16%. Year-to-date, Oil States International, Inc. shares have moved -12.22%, while the 5-day performance has seen it change 6.43%. Over the past 30 days, the shares of Oil States International, Inc. (NYSE:OIS) have changed -2.30%. Short interest in the company has seen 4.77 million shares shorted with days to cover at 4.7.
Oil States International, Inc. (OIS) estimates and forecasts
Figures show that Oil States International, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -30.70% over the past 6 months, with this year growth rate of 16.67%, compared to 28.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -66.70% and 600.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.10%.
5 analysts offering their estimates for the company have set an average revenue estimate of $196.97 million for the current quarter. 5 have an estimated revenue figure of $200.26 million for the next quarter concluding in Jun 2024. Year-ago sales stood $196.2 million and $201.87 million respectively for this quarter and the next, and analysts expect sales will grow by 0.40% for the current quarter and -0.80% for the next.
Earnings growth for 2024 is a modest 49.00% while over the next 5 years, the company’s earnings are expected to decrease by -6.99%.
OIS Dividends
Oil States International, Inc. is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Oil States International, Inc. (NYSE:OIS)’s Major holders
Insiders own 4.13% of the company shares, while shares held by institutions stand at 95.42% with a share float percentage of 99.53%. Investors are also buoyed by the number of investors in a company, with Oil States International, Inc. having a total of 257 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 12.15 million shares worth more than $90.78 million. As of Jun 29, 2023, Blackrock Inc. held 19.02% of shares outstanding.
The other major institutional holder is Palisade Capital Management, L.P., with the holding of over 4.32 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $32.28 million and represent 6.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 6.75% shares in the company for having 4.32 million shares of worth $36.13 million while later fund manager owns 1.85 million shares of worth $13.81 million as of Jun 29, 2023, which makes it owner of about 2.89% of company’s outstanding stock.
