The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Why Vestis (VSTS) Shares Are Sliding Today

VSTS Cover Image

What Happened?

Shares of uniform rental provider Vestis Corporation (NYSE: VSTS) fell 3.7% in the morning session after an analyst at JPMorgan downgraded the uniform and workplace supplies company from "Neutral" to "Underweight.". The bank cited significant hurdles in Vestis's turnaround efforts, pointing to "poor fundamentals, organizational instability, and takeover discussions that appear to have stalled." JPMorgan expressed concerns over the company's ability to rebuild profitable client volumes, a process it described as a "slow grind" complicated by a substantial debt load.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Vestis? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Vestis’s shares are quite volatile and have had 19 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Vestis is down 61.2% since the beginning of the year, and at $5.94 per share, it is trading 64.3% below its 52-week high of $16.62 from December 2024. Investors who bought $1,000 worth of Vestis’s shares at the IPO in September 2023 would now be looking at an investment worth $308.31.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.