Oil States International (OIS)
By Timothy Lutts, Chief Investment Strategist and Editor of Cabot Stock of the Month
From Cabot Wealth Advisory 1/3/11 Sign up for free Cabot Wealth Advisory e-newsletter
Oil States International (OIS) is a stock that’s been strong since September 2010 and shows no sign of slowing down as we enter the New Year.
Oil States International was recommended in Cabot Top Ten Weekly back on December 20, and here’s what editor Michael Cintolo wrote:
“Oil States International has been making headlines recently with its acquisition of The MAC, an Australian company that provides “mixed-use villages” for workers in key natural resource regions. The acquisition fits perfectly with Oil States’ business, which centers on providing housing, rental tools, piping, land drilling and products for deepwater oil and natural gas production and pipelines. Oil States is a global company, but 69% of last year’s revenues came from the U.S. and 22% from Canada. That’s why the Australian acquisition is a significant one, widening the company’s reach. The company has been on a solid roll in the last two quarters, with earnings growth of 69% and 66%, on revenue growth of 30% and 29%, respectively. With oil prices on the rise, and a broad service offering, Oil States International looks like a solid player.”
The stock was trading at 63 when that was published, and it’s now at 65, still base-building in what promises to be an eventual breakout toward 70. On the downside, there’s support at 58, so if you’re lucky enough to get the chance to buy on a correction, I recommend you grab it.
You could buy OIS here and hope for the best or you could subscribe to Cabot Top Ten Weekly to get Mike’s latest thoughts on this leading stock and others. Click here for more information.
President, Chief Investment Strategist, Editor of Cabot Stock of the Month
Timothy Lutts heads one of America’s most respected independent investment advisory services, publishing eight newsletters to more than 165,000 subscribers around the world. Tim leads a dedicated team of professionals who serve individual investors with high-quality investment advice based on time-tested Cabot systems. Under his leadership, Cabot has been honored numerous times by both Timer Digest and the Hulbert Financial Digest as among the top investment newsletters in the industry. Tim also edits Cabot Stock of the Month.
|Oil States International (OIS)
Three Allen Center
333 Clay Street, Suite 4620
Houston, Texas 77002 USA
|Index Membership: S&P 600 SmallCap, S&P 1500 Super Comp |
Sector: Basic Materials
Industry: Oil & Gas Equipment & Services
Full Time Employees: 5,474