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Should You Buy Oil States International, Inc. (OIS) Stock on Wednesday?

Wednesday, October 05, 2022 02:21 PM | InvestorsObserver Analysts
Should You Buy Oil States International, Inc. (OIS) Stock on Wednesday?

Oil States International, Inc. (OIS) stock is higher by 12.41% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Oil States International, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OIS!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With OIS Stock Today?

Oil States International, Inc. (OIS) stock has gained 2.95% while the S&P 500 is lower by -0.31% as of 2:09 PM on Wednesday, Oct 5. OIS is up $0.13 from the previous closing price of $4.40 on volume of 329,353 shares. Over the past year the S&P 500 is lower by -12.12% while OIS is lower by -34.06%. OIS lost -$0.79 per share in the over the last 12 months. To screen for more stocks like Oil States International, Inc. click here.

More About Oil States International, Inc.

Oil States International is a manufacturer and service provider of oilfield products and services used by oil and natural gas companies, drilling companies, and other oilfield-services companies. The company's product portfolio includes capital equipment manufactured for drilling, oil well construction, and production of oil and natural gas. The operating segments of the company are well-site services, offshore/manufactured products, and downhole technologies. The vast majority of the company's revenue is generated by the well-site services and offshore/manufactured products segments, and more than half of the revenue is earned in the United States. Click Here to get the full Stock Report for Oil States International, Inc. stock.

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