Oil States International, Inc. (NYSE:OIS) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $21.85–$25.05 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company announced that it would acquire GEODynamics, Inc.
Oil States has seen seven negative estimate revisions over the past two months.The Zacks Consensus Estimate for the current quarter has also revised downward over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Oil States currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Oil States International, Inc. Price and Consensus
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