Today’s Stock On Watch: Could Oil States International, Inc. Change Direction After Touching 52-Week High?

Today's Stock On Watch: Could Oil States International, Inc. Change Direction After Touching 52 Week High?

The stock of Oil States International, Inc. (NYSE:OIS) hit a new 52-week high and has $38.41 target or 7.00% above today’s $35.90 share price. The 8 months bullish chart indicates low risk for the $2.04B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $38.41 price target is reached, the company will be worth $142.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.14% or $0.05 on December 1, hitting $35.9. About 562,724 shares traded hands. Oil States International, Inc. (NYSE:OIS) has risen 7.14% since April 28, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

Analysts await Oil States International, Inc. (NYSE:OIS) to report earnings on February, 15. They expect $-0.21 earnings per share, down 261.54% or $0.34 from last year’s $0.13 per share. After $-0.19 actual earnings per share reported by Oil States International, Inc. for the previous quarter, Wall Street now forecasts 10.53% negative EPS growth.

Oil States International, Inc. (NYSE:OIS) Ratings Coverage

Out of 12 analysts covering Oil States (NYSE:OIS), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. Oil States has been the topic of 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, June 29 by Evercore. The firm has “Hold” rating by Deutsche Bank given on Monday, May 2. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. Credit Suisse maintained Oil States International, Inc. (NYSE:OIS) rating on Friday, September 4. Credit Suisse has “Neutral” rating and $27 price target. The company was maintained on Monday, November 2 by RBC Capital Markets. The company was maintained on Friday, February 19 by RBC Capital Markets. On Friday, February 19 the stock rating was maintained by Howard Weil with “Sector Outperform”. The firm earned “Neutral” rating on Thursday, January 21 by Robert W. Baird. The stock of Oil States International, Inc. (NYSE:OIS) earned “Overweight” rating by Piper Jaffray on Thursday, March 31. As per Monday, March 28, the company rating was downgraded by Howard Weil.

According to Zacks Investment Research, “Oil States International, Inc. is a diversified oilfield services company. With locations around the world, Oil States is a leading manufacturer of products for deepwater production facilities and subsea pipelines, and a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. Oil States is organized in three business segments Offshore Products, Tubular Services and Well Site Services.”

Insitutional Activity: The institutional sentiment increased to 1.47 in Q2 2016. Its up 0.38, from 1.09 in 2016Q1. The ratio increased, as 23 funds sold all Oil States International, Inc. shares owned while 62 reduced positions. 30 funds bought stakes while 63 increased positions. They now own 52.21 million shares or 11.27% less from 58.84 million shares in 2016Q1.
Brandywine Glob Management Lc has 0.04% invested in the company for 198,139 shares. Palisade Management Lc Nj holds 0.39% of its portfolio in Oil States International, Inc. (NYSE:OIS) for 328,621 shares. Moreover, Northern has 0.01% invested in Oil States International, Inc. (NYSE:OIS) for 1.23M shares. Somerset Trust, a Pennsylvania-based fund reported 3,236 shares. Wells Fargo Com Mn, a California-based fund reported 235,103 shares. Canada Pension Plan Invest Board last reported 0.02% of its portfolio in the stock. Schwab Charles Inv accumulated 300,968 shares or 0.01% of the stock. Airain Ltd holds 11,511 shares or 0.02% of its portfolio. The Connecticut-based Aqr Mgmt Limited Company has invested 0.03% in Oil States International, Inc. (NYSE:OIS). Teacher Retirement Systems Of Texas reported 7,200 shares or 0% of all its holdings. First Manhattan holds 17,227 shares or 0% of its portfolio. Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 37 shares or 0% of its portfolio. Ubs Asset Mgmt Americas has invested 0% of its portfolio in Oil States International, Inc. (NYSE:OIS). Federated Pa, a Pennsylvania-based fund reported 48,902 shares. Cornerstone Mgmt Limited Liability, a New York-based fund reported 15,000 shares.

Another recent and important Oil States International, Inc. (NYSE:OIS) news was published by Fool.com which published an article titled: “Here’s Why Shares of Oil States International Climbed 21% in March” on April 09, 2016.

OIS Company Profile

Oil States International, Inc., incorporated on July 6, 1995, through its subsidiaries, is a well-known provider of specialty services and products to oil and natural gas companies throughout the world. The Company’s divisions include offshore products and well site services. The Firm operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. The Company’s clients include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies.

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