Market Recap: Oil States International, Inc (OIS)’s Positive Momentum, Closing at 5.39

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The closing price of Oil States International, Inc (NYSE: OIS) was $5.39 for the day, up 0.37% from the previous closing price of $5.37. In other words, the price has increased by $0.37 from its previous closing price. On the day, 0.52 million shares were traded. OIS stock price reached its highest trading level at $5.498 during the session, while it also had its lowest trading level at $5.35.

Ratios:

Our analysis of OIS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 263.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.21.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on September 07, 2023, initiated with a Outperform rating and assigned the stock a target price of $10.

On March 07, 2022, Piper Sandler Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $8.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OIS now has a Market Capitalization of 340168288 and an Enterprise Value of 446148448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 0.606 whereas that against EBITDA is 5.729.

Stock Price History:

Over the past 52 weeks, OIS has reached a high of $7.27, while it has fallen to a 52-week low of $3.91. The 50-Day Moving Average of the stock is 8.59%, while the 200-Day Moving Average is calculated to be 8.60%.

Shares Statistics:

OIS traded an average of 634.60K shares per day over the past three months and 594130 shares per day over the past ten days. A total of 63.11M shares are outstanding, with a floating share count of 59.45M. Insiders hold about 5.80% of the company’s shares, while institutions hold 78.56% stake in the company. Shares short for OIS as of 1731628800 were 1595890 with a Short Ratio of 2.51, compared to 1728950400 on 1589716. Therefore, it implies a Short% of Shares Outstanding of 1595890 and a Short% of Float of 3.27.

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