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Oil States International Inc (OIS)

NYSE
Currency in USD
Disclaimer
5.425
-0.145(-2.60%)
Closed
After Hours
5.600+0.175(+3.226%)

OIS Comments

please help me understand this?????
If broad correction or any negative news emergenthen you may expect further drop, if not very significant news dont expect significant drop frım these levels, 3 things to watch covid, opec and general expected market correction
I may be mistaken but it looks like high 5s - low 6s is the new bottom. The previous bottom was in November when we dipped to $2.5. So my take is that we aren't supposed to move lower unless we have extreme virus concerns including lockdowns (like the ones we had in the first half of 2020). A couple of good earnings reports can take us much higher in no time. I'm still betting on $12-15 pt by the end of the year. But you should remember this kind of stock can remain "stagnant" for months and then make ×2 in a few weeks.
As for the coming earnings report i don't think it will be brilliant but probably in line with expectations. Oil services companies especially small ones take somewhat longer to recover. Being patient is key to making money here. I already missed out on a few opportunities in other stocks in 2020 because i sold too early. I'm not going to make the same mistake this time
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