Somewhat Positive News Coverage Somewhat Unlikely to Affect Oil States International (OIS) Stock Price

News stories about Oil States International (NYSE:OIS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oil States International earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.1430296780068 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Oil States International (NYSE:OIS) opened at $28.85 on Wednesday. The stock has a market capitalization of $1,443.27, a price-to-earnings ratio of -25.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.09 and a quick ratio of 2.60. Oil States International has a 52 week low of $20.23 and a 52 week high of $41.25.

Oil States International (NYSE:OIS) last issued its earnings results on Thursday, October 26th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.02). The firm had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $166.94 million. Oil States International had a negative return on equity of 4.62% and a negative net margin of 8.77%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. analysts forecast that Oil States International will post -1.1 earnings per share for the current fiscal year.

Several analysts have recently commented on OIS shares. Loop Capital set a $31.00 price objective on Oil States International and gave the company a “buy” rating in a report on Wednesday, November 1st. Scotiabank set a $41.00 price objective on Oil States International and gave the company a “buy” rating in a report on Thursday, October 19th. Raymond James Financial reiterated a “buy” rating on shares of Oil States International in a report on Tuesday, December 12th. JPMorgan Chase & Co. set a $29.00 price objective on Oil States International and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, Deutsche Bank started coverage on Oil States International in a report on Tuesday, October 10th. They set a “hold” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.82.

TRADEMARK VIOLATION WARNING: This news story was published by Week Herald and is owned by of Week Herald. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://weekherald.com/2017/12/27/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-oil-states-international-ois-stock-price.html.

About Oil States International

Oil States International, Inc, through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services.

Insider Buying and Selling by Quarter for Oil States International (NYSE:OIS)

Receive News & Ratings for Oil States International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oil States International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply