Oil States International Rises On Unusually High Volume (OIS)
Oil States International (NYSE:OIS) is trading at unusually high volume Friday with 1.8 million shares changing hands. It is currently at 2.9 times its average daily volume and trading up $1.87 (+2.7%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Oil States International (NYSE: OIS) is trading at unusually high volume Friday with 1.8 million shares changing hands. It is currently at 2.9 times its average daily volume and trading up $1.87 (+2.7%) at $70.72 as of 4:01 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Oil States International has a market cap of $3.76 billion and is part of the basic materials sector and energy industry. Shares are down 10.2% year to date as of the close of trading on Thursday. Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Oil States International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Oil States International Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.