Large Outflow of Money Witnessed in Oil States International

Oil States International (OIS) : Money flow in the Oil States International (OIS) stock was negative (2.63 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.05 million, compared to $4.68 million on downticks. The total uptick to downtick ratio was 0.44, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.89 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $2.89 million, indicating persistent selling. Oil States International (OIS) traded $0.05 higher at $30.68 gaining 0.16% over the previous days close.


Oil States International (OIS) : The highest level Oil States International (OIS) is projected to reach is $45 for the short term and the lowest estimate is at $27. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $34.64 and the possibility the share price can swing is $7.31.

Oil States International (NYSE:OIS): The stock was completely flat for the day, closing at $30.63 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $30.61, the stock touched an intraday high of $30.87 and a low of $30.10. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $30.63. The total trading volume on Friday was 625,156.

In a related news, The Securities and Exchange Commission has divulged that Munson Sarah Ann, officer (VP, Controller & CAO) of Oil States International, Inc, had unloaded 3,860 shares at an average price of $27.86 in a transaction dated on December 28, 2015. The total value of the transaction was worth $107,540.

Oil States International, Inc. (Oil States) through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company 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 operates in two segments: offshore products and well site services. The Companys products and services include flexible bearings and advanced connection systems; casing and conductor connections and pipe; subsea pipeline products; compact ball valves, manifold system components and diverter valves; marine winches, mooring systems, cranes and other heavy-lift rig equipment; production, workover, completion and drilling riser systems, among others. The Company also offers well site services.

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