Stock Rating Downgrade
The Value Trend Rating for Oil States International Inc (NYSE: OIS) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Oil States International Inc (NYSE: OIS) stock declined modestly by -1.2% on 3/18/24. The stock closed at $5.88. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 5.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OIS is expected to be a modest Value Builder.
Oil States has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Oil States has a slightly positive Appreciation Score of 69 but a poor Power Rating of 16, and the Negative Value Trend Rating results.
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