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Tuesday, September 26, 2023

Oil States International Inc. (NYSE: OIS) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Oil States International Inc. (OIS) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.55. The Oil States International Inc. has recorded 323,340 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Oil States Announces Second Quarter 2023 Results.

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Stocks Info

Oil States International Inc. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $8.55 and fluctuated between $8.70 as its day high and $8.49 as its day low. The current market capitalization of Oil States International Inc. is $548.91M. A total of 0.68 million shares were traded on the day, compared to an average of 617.44K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OIS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,673 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 12 SELLs from insiders. Insiders purchased 564,663 shares during that period but sold 177,068.

In the most recent transaction, Moses Philip Scott bought 58,624 shares of OIS for 3.63 per share on Sep 23. After the transaction, the EVP, Chief Operating Officer now owns 384,487 company shares.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OIS in the last 3 months, the mean price target is $9.80 with high estimates of $12.00 and low estimates of $8.00. In terms of 52-week highs and lows, OIS has a high of $10.47 and a low of $3.51.

As of this writing, OIS has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.05 per share and a lower estimate of $0.02. The company reported an EPS of $0.03 in the last quarter, which was 50.00% higher than expectations of $0.02.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OIS’s latest balance sheet shows that the firm has $52.85M in Cash & Short Term Investments as of fiscal 2021. There were $208.68M in debt and $177.29M in liabilities at the time. Its Book Value Per Share was $11.12, while its Total Shareholder’s Equity was $695.83M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OIS is Buy with a score of 3.75.

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