An investigation into Oil States International Inc. (NYSE:OIS)’s technical aspects

After finishing at $8.31 in the prior trading day, Oil States International Inc. (NYSE: OIS) closed at $8.63, up 3.85%. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 576375 shares were traded. OIS stock price reached its highest trading level at $8.63 during the session, while it also had its lowest trading level at $8.17.

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Ratios:

Our goal is to gain a better understanding of OIS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.20.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 23 when Moses Philip Scott bought 58,624 shares for $3.63 per share. The transaction valued at 212,654 led to the insider holds 384,487 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.80.

Stock Price History:

Over the past 52 weeks, OIS has reached a high of $9.02, while it has fallen to a 52-week low of $3.51. The 50-Day Moving Average of the stock is 7.10, while the 200-Day Moving Average is calculated to be 6.08.

Shares Statistics:

The stock has traded on average 620.33K shares per day over the past 3-months and 534.04k shares per day over the last 10 days, according to various share statistics. A total of 62.67M shares are outstanding, with a floating share count of 62.06M. Insiders hold about 0.80% of the company’s shares, while institutions hold 90.50% stake in the company. Shares short for OIS as of Oct 13, 2022 were 2.72M with a Short Ratio of 2.16M, compared to 2.67M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.26% and a Short% of Float of 5.24%.

Earnings Estimates

Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.03, while EPS last year was -$0.14. The consensus estimate for the next quarter is $0.08, with high estimates of $0.08 and low estimates of $0.08.

Analysts are recommending an EPS of between -$0.17 and -$0.17 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is $0.32, with 3 analysts recommending between $0.38 and $0.24.

Revenue Estimates

3 analysts predict $204.07M in revenue for the current quarter. It ranges from a high estimate of $205M to a low estimate of $203.2M. As of the current estimate, Oil States International Inc.’s year-ago sales were $161.32M, an estimated increase of 26.50% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $207M, an increase of 26.20% less than the figure of $26.50% in the same quarter last year. There is a high estimate of $207M for the next quarter, whereas the lowest estimate is $207M.

A total of 3 analysts have provided revenue estimates for OIS’s current fiscal year. The highest revenue estimate was $745M, while the lowest revenue estimate was $724.4M, resulting in an average revenue estimate of $736.8M. In the same quarter a year ago, actual revenue was $573.16M, up 28.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $838.9M in the next fiscal year. The high estimate is $862M and the low estimate is $822M. The average revenue growth estimate for next year is up 13.90% from the average revenue estimate for this year.