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. 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.
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