On 10/30/24, Oil States International Inc (NYSE: OIS) stock enjoyed a major increase of 11.0%, closing at $4.64. Moreover, exceptionally high trading volume at 222% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, OIS is expected to continue to be Value Creation neutral.
Oil States has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Oil States has a good Appreciation Score of 80 but a neutral Power Rating of 42, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment