Why Oil States International, Inc. (OIS) Stock Crashed This Week
From Yahoo Finance: 2025-04-05 13:46:00
This week, the energy industry faced setbacks as global oil prices plunged over 8% due to China’s 34% tariffs on US goods. JP Morgan predicts a 60% chance of a global recession by year end. OPEC+ plans to increase output, causing Goldman Sachs to lower Brent and WTI targets by $5 each.
Oil States International, Inc. (OIS) is a global provider of products and services for the oil, natural gas, industrial, and military sectors. In Q4 2024, OIS reported an adjusted EPS of $0.09, beating expectations, but missed revenue estimates. The recent share price decline is attributed to factors including a global trade war, tariffs, and falling oil prices.
Despite potential in energy companies, AI stocks are believed to offer higher returns in a shorter time frame. OIS ranks 9th on the list of energy stocks that lost the most this week. An AI stock with promising potential is highlighted, trading at less than 5 times its earnings. Explore more AI stock opportunities in our report.
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