Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Oil States International Inc (NYSE: OIS) weakened of late. OIS’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Oil States International Inc (NYSE: OIS) stock rose modestly by 0.7% on 5/3/24. The stock closed at $4.32. However, this advance was accompanied by below average trading volume at 76% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -18.8% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Oil States has a good Appreciation Score of 79 but a very low Power Rating of 1, leading to the Negative Value Trend Rating.
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