U.S. markets open in 1 hour 13 minutes

Oil States International (OIS) Catches Eye: Stock Jumps 12.5%

Zacks Equity Research

Oil States International, Inc. OIS was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 81.2% in the past one-month time frame.

The upside was driven by improving oil prices, which is expected to boost the company’s profits.

The company has seen six negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past two months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Oil States International, Inc. Price

Oil States International, Inc. Price

Oil States International, Inc. price | Oil States International, Inc. Quote

Oil States International currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Oil and Gas – Mechanical and Equipment industry is Ion Geophysical Corporation IO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Oil States International, Inc. (OIS) : Free Stock Analysis Report
Ion Geophysical Corporation (IO) : Free Stock Analysis Report
To read this article on Zacks.com click here.