Alert: Negative Investment/Fundamental Signals (2/26/24)-Oil States International Inc (NYSE: OIS)

out_logo_500#33732.jpg

Important negative changes in Oil States International Inc (NYSE: OIS) fundamentals have recently occurred: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Oil States International Inc (NYSE: OIS). Important negative changes in investment behavior have recently occurred: the stock fell on very heavy volume.

In light of these highly negative signals 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.

out_mm#33732.jpg

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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Oil States has a good Appreciation Score of 72 but a poor Power Rating of 20, with the Low Neutral Value Trend Rating the result.

Recent Price Action

Oil States International Inc (NYSE: OIS) stock declined modestly by -1.3% on 2/26/24. The stock closed at $5.48. Moreover, trading volume in this decline was exceptionally high at 207% of normal. The stock has declined -11.3% during the last week and has been weak relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*