Taking a Closer Look At Oil States International Inc. (OIS) Following Its Recent Trade

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Oil States International Inc.’s recently made public that its EVP, Chief Operating Officer Moses Philip Scott acquired Company’s shares for reported $0.21 million on Sep 23. In the deal valued at $3.63 per share,58,624 shares were bought. As a result of this transaction, Moses Philip Scott now holds 384,487 shares worth roughly $ 2.56 million.


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Piper Sandler upgraded its Oil States International Inc. [OIS] rating to an Overweight from a a Neutral in a research note published on Friday. PT values the company’s stock at a premium of 16.75 to its Friday closing price. A number of analysts have revised their coverage, including Gabelli & Co’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Raymond James also remained covering OIS and has decreased its forecast on March 10, 2020 with a “Mkt perform” recommendation from previously “Strong buy” rating. JP Morgan revised its rating on February 21, 2020. It rated OIS as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of OIS

On Friday, Oil States International Inc. [NYSE:OIS] saw its stock jump 0.60% to $6.66. On the same session, the stock had its day’s lowest price of $6.60, but rose to a high of $6.98. Over the last five days, the stock has gained 14.63%. Oil States International Inc. shares have risen nearly 34.00% since the year began. Nevertheless, the stocks have risen 1.99% over the past one year. While a 52-week high of $9.02 was reached on 06/08/22, a 52-week low of $3.51 was recorded on 09/26/22. SMA at 50 days reached $4.87, while 200 days put it at $5.92. A total of 0.57 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For OIS Stock

The 24-hour chart illustrates a support level at 6.51, which if violated will result in even more drops to 6.37. On the upside, there is a resistance level at 6.89. A further resistance level may holdings at 7.13. The Relative Strength Index (RSI) on the 14-day chart is 79.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.24%. Stochastics %K at 85.23% indicates the stock is a selling.

How much short interest is there in Oil States International Inc.?

A steep rise in short interest was recorded in Oil States International Inc. stocks on Jul 14, 2022, dropping by -2.53 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.83 million shares. There was a decline of -110.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.55.

Oil States International Inc. [OIS] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,971,472 shares, or roughly 15.61% of the outstanding OIS shares. In other words, the investor’s shares have risen by 213,868 from its previous 13-F filing of 9757604.0. Additionally, Palisade Capital Management LLC increased 12.76% of its stake after which the total value it holdings stand at $17,513,546, while The Vanguard Group, Inc. reduced -3.88% of its stake to hold $14.1 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -193 shares of Oil States International Inc., while SSgA Funds Management, Inc. sold -920,208 shares. At present, Dimensional Fund Advisors LP is holding 2,873,263 shares valued at $11.18 million. Neuberger Berman Investment Advis owned 2,315,163 shares of the company at the time of its most recent 13F filing, worth $9.01 million.

According to FactSet, Oil States International Inc.’s share price will average $8.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.85 percent from its previous closing price of $6.62. Analysts expect Oil States International Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $5.00. However, 4 analysts have rated OIS stock as an Overweight in their predictions for 2022.

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