Oil States International Inc (NYSE: OIS) has reported a loss for its first fiscal quarter (ending March 31) of $-0.21 versus $0.03 for the same period a year ago — a decline of -800%. This result fell short of the consensus estimate of $0.09 by $-0.30. E.P.S. were $-0.04 for the latest four quarters through March 31 versus $0.03 for the same period a year ago — a decline of -233%.
Recent Price Action
On 4/26/24, Oil States International Inc (NYSE: OIS) stock suffered a major decline of -19.0%, closing at $4.31. Moreover, exceptionally high trading volume at 364% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -20.6% 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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Oil States has a good Appreciation Score of 82 but a very low Power Rating of 8, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and highly negative price change we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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