Tag: MNOV

Sentiments tracked for Oil States International, Inc and MediciNova

OIS – Oil States International, Inc – through its subsidiaries, provides specialty products and services to oil and natural gas companies worldwide. Today, Saudi Arabia ruled out output cuts by major producers. Due to this, oil price plunged lower yet again causing stock markets around the world to trade at lower prices. Due to this, analysts believe OIS prices may have negative sentiments.

OIS- Oil States International, Inc
Fundamentals Previously closed at 23.06
Day’s high 24.29
Day’s low 22.97
P/E ratio 41.62
EPS 0.55

 

Analyst opinion Due to global Oil prices plunging, OIS is expected to trade at lower prices today. OIS has a P/S of 1.06, P/B of 0.91, Quick ratio of 2.60 and current ratio of 4.0. the concerns for analysts has been its growth aspects, with a forward PE as high as 118.26.
Sentiments Due to the decision of Saudi Arabia which ruled out production cuts for their oil outputs, the sentiments for  OIS remain negative
Currently, OIS has a double bottom chart pattern, indicating a possible trend reversal. This shows the possibility of the stock having positive sentiments by chartists. However, taking macro economic factors into consideration, we may say that for the short term, the sentiments would remain negative
Revenue Prediction The revenue for Q4 for OIS was $248.4 million, lower than the expected $249.37 million
Social Pulse The stock has  50% higher social chatter than usual

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