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 7.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.73%, 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 5.69% in the last 1 week, and is up 7.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Oil States International Inc. is up 3.22% in the last 3-month period. Year-to-Date the stock performance stands at 21.25%. The stock has recorded a 20-day Moving Average of 6.17% and the 50-Day Moving Average is 3.67%.
Oil States International (NYSE:OIS): The stock opened at $33.01 on Friday but the bulls could not build on the opening and the stock topped out at $33.12 for the day. The stock traded down to $32.51 during the day, due to lack of any buying support eventually closed down at $33.04 with a loss of -0.33% for the day. The stock had closed at $33.15 on the previous day. The total traded volume was 420,614 shares.
Also, Morgan Stanley initiates coverage on Oil States International (NYSE:OIS). Morgan Stanley has a Equal-weight rating on the shares. The rating by the firm was issued on August 11, 2016.
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.