Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Oil States International Inc before investing.

In this article, we go over a few key elements for understanding Oil States International Inc’s stock price such as:

• Oil States International Inc’s current stock price and volume
• Why Oil States International Inc’s stock price changed recently
• Upgrades and downgrades for OIS from analysts
• OIS’s stock price momentum as measured by its relative strength

About Oil States International Inc (OIS)

Before we jump into Oil States International Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Oil States International, Inc. is a provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment, as well as products consumed in the drilling, well construction and production of oil and natural gas. It operates through three segments. Offshore/Manufactured Products segment provides products and services to customers in the various offshore crude oil and natural gas producing regions of the world. Well Site Services segment includes a range of equipment and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. Downhole Technologies segment is comprised of the GEODynamics business and provides oil and gas perforation systems, downhole tools and services in support of completion, intervention, wireline and well abandonment operations.

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Oil States International Inc’s Stock Price as of Market Close

As of October 31, 2023, 4:00 PM, CST, Oil States International Inc’s stock price was $7.26.

Oil States International Inc is down 5.35% from its previous closing price of $7.67.

During the last market session, Oil States International Inc’s stock traded between $7.41 and $7.97. Currently, there are 62.65 million shares of Oil States International Inc stock available for purchase.

Oil States International Inc’s price-earnings (P/E) ratio is currently at 49.2, which is high compared to the Oil & Gas - Related Services and Equipment industry median of 14.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Oil States International Inc Stock Price History

Oil States International Inc’s (OIS) price is currently down 13.26% so far this month.

During the month of October, Oil States International Inc’s stock price has reached a high of $8.38 and a low of $7.19.

Over the last year, Oil States International Inc has hit prices as high as $10.47 and as low as $5.78. Year to date, Oil States International Inc’s stock is up 46.08%.

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What Caused Oil States International Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 30, 2023, there were 3 analysts who downgraded Oil States International Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Oil States International Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Oil States International Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Oil States International Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Oil States International Inc (OIS) by visiting AAII Stock Evaluator.

Relative Price Strength of Oil States International Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 30, 2023, Oil States International Inc has a weighted four-quarter relative price strength of 7.55%, which translates to a Momentum Score of 87 and is considered to be Very Strong.

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Oil States International Inc Stock Price: Bottom Line

As of October 31, 2023, Oil States International Inc’s stock price is $7.26, which is down 5.35% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Oil States International Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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