Shares of Oil States International (OIS) Rally 1.99%

Oil States International (OIS) has been under a strong bear grip, hence the stock is down -5.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.49% in the past 1 week. The stock has risen by 1.99% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.7% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.57% and the 50-Day Moving Average is 0.62%.

Oil States International (NYSE:OIS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.55 and $32.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.30, notching a gain of 0.25% for the day. The total traded volume was 1,212,248 . The stock had closed at $32.22 on the previous day.


The company Insiders own 1.83% of Oil States International shares according to the proxy statements. In a related news, Munson Sarah Ann, officer (VP, Controller & CAO) of Oil States International, Inc, unloaded 3,860 shares at an average price of $27.86 on December 28, 2015. The total amount of the transaction was worth $107,540, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.