Oil States International (OIS) : Traders are bullish on Oil States International (OIS) as it has outperformed the S&P 500 by a wide margin of 2.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.3% in the last 1 week, and is up 2.27% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.42% and the 50-Day Moving Average is 3.61%.The 200 Day SMA reached 5.27%
Oil States International (NYSE:OIS): After opening at $30.43, the stock dipped to an intraday low of $30.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.9 and the buying power remained strong till the end. The stock closed at $31.57 for the day, a gain of 5.16% for the day session. The total traded volume was 1,080,090. The stocks close on the previous trading day was $31.57.
Oil States International (OIS) : 12 investment research analysts covering Oil States International (OIS) have an average price target of $34.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $45 and the lowest target is $27 for the short term. Analysts expect the variance to be within $6.86 of the average price.
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.