For its second fiscal quarter (ending June 30), Oil States International Inc (NYSE: OIS) has reported E.P.S. of $0.02 compared to $0.01 a year ago. For the latest four quarters through June 30, E.P.S. were $-0.03 compared to $0.12 a year ago.
Recent Price Action
Oil States International Inc (NYSE: OIS) stock closed at $5.39 on 7/29/24 after a major increase of 13.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 280% of normal. The stock has risen 20.6% during the last week but has been extremely weak relative to the market over the last nine months.
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). 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 76 but a very low Power Rating of 4, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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