A Look at Oil States International Inc. (OIS) Shares in the Recent Past Indicates Growth

Oil States International Inc. (NYSE: OIS) stock fell -4.64% on Wednesday to $6.57 against a previous-day closing price of $6.89. With 0.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.74 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $6.76 whereas the lowest price it dropped to was $6.47. The 52-week range on OIS shows that it touched its highest point at $9.02 and its lowest point at $3.51 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 3.14.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OIS was down-trending over the past week, with a drop of -6.14%, but this was up by 20.33% over a month. Three-month performance surged to 19.02% while six-month performance fell -11.69%. The stock gained 19.89% in the past year, while it has gained 32.19% so far this year. A look at the trailing 12-month EPS for OIS yields -0.54 with Next year EPS estimates of 0.29. For the next quarter, that number is 0.04. This implies an EPS growth rate of 86.90% for this year and 314.30% for next year. EPS is expected to decline by -6.99% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.80%.

Float and Shares Shorts:

At present, 62.67 million OIS shares are outstanding with a float of 62.06 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.72 million, which was 4.26% higher than short shares on Sep 14, 2022. In addition to Ms. Cynthia B. Taylor as the firm’s Pres, CEO & Exec. Director, Mr. Lloyd A. Hajdik serves as its Exec. VP, CFO & Treasurer.


Institutional Ownership:

Through their ownership of 90.54% of OIS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.69% of OIS, in contrast to 36.76% held by mutual funds. Shares owned by individuals account for 18.58%. As the largest shareholder in OIS with 15.83% of the stake, BlackRock Fund Advisors holds 10,113,981 shares worth 10,113,981. A second-largest stockholder of OIS, Palisade Capital Management LLC, holds 4,509,358 shares, controlling over 7.06% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OIS, holding 3,813,365 shares or 5.97% stake. With a 7.43% stake in OIS, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,748,140 shares are owned by the mutual fund manager. The Fidelity Low Priced Stock Fund, which owns about 3.93% of OIS stock, is the second-largest Mutual Fund holder. It holds 2,511,606 shares valued at 16.25 million. VanEck Oil Services ETF holds 3.55% of the stake in OIS, owning 2,270,232 shares worth 14.69 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OIS since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OIS analysts setting a high price target of $11.00 and a low target of $6.00, the average target price over the next 12 months is $9.00. Based on these targets, OIS could surge 67.43% to reach the target high and fall by -8.68% to reach the target low. Reaching the average price target will result in a growth of 36.99% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OIS will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of -$0.13 being high and -$0.20 being low. For OIS, this leads to a yearly average estimate of -$0.16. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Oil States International Inc. surprised analysts by $0.02 when it reported $0.03 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.04.

Summary of Insider Activity:

Insiders traded OIS stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 61,837 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 717,764 while 141,508 shares were sold.

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