53.4 F
New York
Wednesday, November 25, 2020

Oil States International Inc. (NYSE:OIS) is Holding Steady

Must read

Contango Oil & Gas Company (AMEX:MCF) is Waving the Bull Flag

Contango Oil & Gas Company (MCF) shares are trading at higher $1.66 and the avg recommendation for the stock is Hold. To add more...

Evolent Health Inc. (NYSE:EVH) is Gaining Momentum on Earnings Catalyst

Evolent Health Inc. (EVH) shares are trading at higher $14.77 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Sasol Limited (NYSE:SSL) Stock is Soaring, Here is Why

Sasol Limited (SSL) shares are trading at higher $8.63 and the avg recommendation for the stock is Hold, while the current analyst price target...

Edwards Lifesciences Corporation (NYSE:EW) Finding Strong Support

Edwards Lifesciences Corporation (EW) shares are trading at higher $85.61 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Oil States International Inc. (OIS) shares are trading at lower $2.75 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $5.02.

To add more color to this target, the company’s high over the last year is $17.81 and the low is $1.52. Over the last 52 weeks, OIS is down -80.92% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OIS reported a profit of $18.16 million. Oil States International Inc. also saw revenues increase to $146.25 million. In addition, OIS has free cash flow of $35.22 million as of 06-2020. The company’s EBITDA came in at -$6.3 million which compares well with its peers.

OIS booked profit margins of -73.40%, its Return on Equity (ROE) is -60.80%, and its Return on Assets is -41.00%. All told, it is clear that, OIS needs to be on your watchlist.

Find out when OIS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OIS has a short ratio of 2.91 and outstanding shares of 59.84M.

Company Outlook

OIS has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -10.69. Oil States International Inc. OIS also noted assets of $1.25 billion at the end of the last quarter. Investors should also keep an eye on sector updates as OIS has historically followed its peers on positive news.

All told, Oil States International Inc. OIS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OIS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Oil States International Inc. OIS is now commanding a market cap of 165.55M and a float of 59.62M. OIS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OIS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OIS, either long or short, and we have not been compensated for this article.

Latest article

MasTec Inc. (NYSE:MTZ) is Gaining Momentum on Earnings Catalyst

MasTec Inc. (MTZ) shares are trading at higher $59.23 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Is the Rough Ride Over for Signet Jewelers Limited (SIG)

Signet Jewelers Limited (SIG) shares are trading at higher $31.20 and the avg recommendation for the stock is Hold, while the current analyst price...

PDL BioPharma Inc. (NASDAQ:PDLI) Recent Earnings Shows Major Promise

PDL BioPharma Inc. (PDLI) shares are trading at higher $2.50, while the current analyst price target stands at $2.50. To add more color to...

Will Pentair plc (PNR) Find a Support Level Soon?

Pentair plc (PNR) shares are trading at higher $54.09 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Inuvo Inc. (AMEX:INUV) Finding Zero Support

Inuvo Inc. (INUV) shares are trading at lower $0.36 and the avg recommendation for the stock is Moderate Buy. To add more color to...