Reported 2 days ago
Oil States International, Inc. (OIS) experienced a significant stock decline of 19.12% amidst a wider energy market downturn, driven by fears of an escalating global trade war, tariffs, and falling oil prices. The company reported mixed Q4 2024 results, with earnings exceeding expectations but revenues falling short. Additionally, OPEC+'s decision to boost oil production aims to increase supply, further pressuring prices, as analysts predict a heightened risk of global recession.
Source: YAHOO