BlackRock Fund Advisors has recently announced that it has increased stake in Oil States International Inc. (NYSE:OIS) by 6.18%. After grabbing 10.59 million shares, the institutional investor is now in possession of 0.62 million shares of the Energy Company. The new investment brought the stake of investor firm to 16.57% having worth around $96.66 million. Moreover, The Vanguard Group, Inc. increased its share by 64565.0 to have a control over 3.88 million shares. And Tontine Associates LLC raised its holdings to 0.74 million shares by acquiring 2.99 million shares or 4.68% of the stake.
Oil States International Inc. (OIS) concluded trading on 03/16/23 at a closing price of $7.63, with 1.05 million shares of worth about $8.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.96% during that period and on Thursday the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 62.68M shares, out of which, 62.06M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the OIS stock and their offered price forecasts bring an average price target of $12.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $15.00 and could fall to a lowest price of $10.00. The stock’s current price level is 33.65% above of average price target set by the analysts, while a rise to estimated low would result in gain of 23.7% for the stock. However, touching the estimated high of $15.00 would mean a gain of 49.13% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 31 times over the past 12 months. They bought 571,636 shares in 19 of the transactions. In 12 selling transactions, insiders dumped 176,847 shares.
iShares Core S&P Small Cap ETF, Fidelity Low Priced Stock Fund, and VanEck Oil Services ETF are the top 3 mutual funds which are holding stakes in Oil States International Inc. iShares Core S&P Small Cap ETF is currently holding 4.86 million shares of worth totaling $44.35 million. The company recently came buying 11830.0 shares which brought its stake up to 7.60% of the company’s outstanding shares. VanEck Oil Services ETF, after buying 2.01 million shares, have now control over 3.15% of the stake in the company. It holds 25144.0 shares of worth $18.38 million.
Oil States International Inc. (NYSE: OIS) started trading at $7.38, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 7.69, or with a gain of 0.39%. Stock saw a price change of -14.65% in past 5 days and over the past one month there was a price change of -17.33%. Year-to-date (YTD), OIS shares are showing a performance of 2.28% which increased to 17.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.51 but also hit the highest price of $10.47 during that period. The average intraday trading volume for Oil States International Inc. shares is 682.88K. The stock is currently trading -16.84% below its 20-day simple moving average (SMA20), while that difference is down -11.61% for SMA50 and it goes to 18.64% higher than SMA200.
BlackRock Fund Advisors acquired 10.59 million shares of Oil States International Inc. having value of about $96.66 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.62 million shares in the company valued at close to $4701117.68, or have control over 6.18% stake in the company. Oil States International Inc. (NYSE: OIS) currently have 62.68M outstanding shares and institutions hold larger chunk of about 90.50% of that. Holding of mutual funds in the company is about 38.55% while other institutional holders and individual stake holders have control over 52.60% and 18.83% of the stake respectively.
The stock has a current market capitalization of $507.47M and its 3Y-monthly beta is at 2.95. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 1.40 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OIS, volatility over the week remained 6.45% while standing at 6.13% over the month.
Analysts are in expectations that Oil States International Inc. (OIS) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 85.40% while it is estimated to increase by 79.57% in next year. EPS is likely to shrink at an annualized rate of -6.99% for next 5-years, compared to annual growth of 23.80% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the Oil States International Inc. (OIS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on March 07, 2022 offering an Overweight rating for the stock and assigned a target price of $8 to it. On March 10, 2020, Raymond James Downgrade their recommendations, while on February 21, 2020, JP Morgan Upgrade their ratings for the stock with a price target of $11. Stock get a Sector underperform rating from Scotiabank on January 06, 2020.
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