Dimensional Fund Advisors LP recently announced the acquisition of new stake in Oil States International, Inc. (NYSE:OIS). The institutional investor has increased its shareholding in the Energy company by 10.68% to 3.96 million shares with purchase of 0.38 million shares. This fresh investment now brings its stake to 6.20% valued currently at $27.27 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.21 million to 3.14 million shares. And Tontine Associates LLC has lifted its position by 6.34% or 0.18 million shares – to 3.01 million shares.
With over 0.49 million Oil States International, Inc. (OIS) shares trading Friday and a closing price of $6.93 on the day, the dollar volume was approximately $3.38 million. The shares have shown a negative half year performance of -1.28% and its price on 12/22/23 lost nearly -1.00%. Currently, there are 63.90M common shares owned by the public and among those 61.70M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for OIS have a consensus price objective of $9.80. The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $8.00. The average price target is 29.29% above its recent price level and an upside to the estimated low will see the stock gain 13.38% over that period. But an upside of 42.25% will see the stock hit the forecast high price target while median target price for the stock is $10.00.
Insiders at the company have transacted a total of 26 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 504,319 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 177,068 shares.
The top 3 mutual fund holders in Oil States International, Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 4.3 million shares of the company’s stock, all valued at over $29.61 million. The company bought an additional 2382.0 shares recently to bring their total holdings to about 6.73% of the shares outstanding. iShares Russell 2000 ETF bought 771.0 shares to bring its total holdings to over 1.57 million shares at a value of $10.8 million. iShares Russell 2000 ETF now owns shares totaling to 2.45% of the shares outstanding.
Shares of Oil States International, Inc. (NYSE: OIS) opened at $7.07, up $0.07 from a prior closing price of $7.00. The company’s stock has a 5-day price change of 3.12% and -17.60% over the past three months. OIS shares are trading -7.10% year to date (YTD), with the 12-month market performance down to -3.21% lower. It has a 12-month low price of $6.25 and touched a high of $10.47 over the same period. OIS has an average intraday trading volume of 617.83K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.44%, -3.57%, and -8.79% respectively.
Institutional ownership of Oil States International, Inc. (NYSE: OIS) shares accounts for 89.97% of the company’s 63.90M shares outstanding. Mutual fund holders own 40.76%, while other institutional holders and individual stakeholders account for 49.54% and 19.05% respectively.
It has a market capitalization of $442.76M and a beta (3y monthly) value of 2.63. The stock’s trailing 12-month PE ratio is 45.09, while the earnings-per-share (ttm) stands at $0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.07% over the week and 3.41% over the month.
Analysts forecast that Oil States International, Inc. (OIS) will achieve an EPS of $General Mills, Inc. for the current quarter, $64.51 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Fidelity National Information S while analysts give the company a high EPS estimate of $Otis Worldwide Corporation. Comparatively, EPS for the current quarter was $Unisys Corporation New a year ago. Earnings per share for the fiscal year are expected to increase by 234.67%, and 111.88% over the next financial year. EPS should shrink at an annualized rate of -6.99% over the next five years, compared to 38.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Oil States International, Inc. (OIS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OIS, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on September 07, 2023, with the firm’s price target at $10.
