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home / news releases / OIS - Oil States International: More Upside Ahead


OIS - Oil States International: More Upside Ahead

Source: OilOnline

I have been bearish cyclical names like Oil States International (OIS) for several years. The did not believe the economy was as strong as policymakers were suggesting. The coronavirus likely exposed that weakness. Brent oil is still sub-$35, despite supply cuts from Russia and Saudi Arabia. This may still be too low for oil drillers to open the spigots. In Q1 2020, Oil States reported revenue of $219.69 million, down 8% sequentially. However, the company's business prospects could improve.

North America Is Facing Headwinds

OPEC supply cuts have practically put a

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Stock Information

Company Name: Oil States International Inc.
Stock Symbol: OIS
Market: NYSE
Website: oilstatesintl.com

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