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Oil States International (OIS)
NYSE:OIS
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Oil States International
(NYSE:OIS)
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Rating:60Neutral
Price Target:
$6.50
▼(-2.26% Downside)
Oil States International's overall stock score reflects a balance of mixed financial performance and positive technical indicators. Strong offshore growth and effective cash management are significant positives, but high valuation and challenges in U.S. land operations weigh on the score.
Oil States International (OIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$402.94M
Dividend YieldN/A
Average Volume (3M)513.77K
Price to Earnings (P/E)59.2
Beta (1Y)1.17
Revenue Growth-12.15%
EPS GrowthN/A
CountryUS
Employees2,439
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.09
Shares Outstanding60,592,650
10 Day Avg. Volume546,049
30 Day Avg. Volume513,775
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit3.42
Enterprise Value/Ebitda5.88
Forecast
1Y Price Target
$7.17Price Target Upside7.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Oil States International Business Overview & Revenue Model
Company DescriptionOil States International, Inc. is a leading provider of integrated oilfield services, offering a diverse range of products and services to the oil and natural gas industry. The company operates through various segments, including Offshore Products, Well Site Services, and Completion Services. Its core offerings encompass subsea products, wellhead systems, tubular services, and other essential equipment and services designed to support oil and gas exploration and production activities.
How the Company Makes MoneyOil States International generates revenue through multiple key streams within its operational segments. The Offshore Products segment earns money by manufacturing and selling specialized equipment used in offshore drilling operations, such as subsea structures and wellheads. The Well Site Services segment, which includes rig moving, well servicing, and rental tools, contributes to revenue by providing essential support services that facilitate drilling and production activities. Additionally, the Completion Services segment focuses on providing equipment and services for well completion, including pressure control and cementing services. Partnerships with major oil and gas companies, as well as long-term contracts, enhance revenue stability. Market demand for oil and gas, pricing fluctuations, and ongoing technological advancements also play significant roles in the company's financial performance.
Oil States International Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong performance in offshore and international markets, growth in the Offshore/Manufactured Products segment, and effective cash flow and deleveraging strategies. However, these were tempered by significant declines in U.S. land activity and strategic exits from certain market segments. Overall, the company appears to be navigating challenges effectively with a focus on growth areas.Q2-2025 Updates
Positive Updates
Strong Offshore and International Performance
72% of consolidated revenues were generated from offshore and international projects, showing significant sequential and year-over-year growth. This shift reflects strategic growth in international project-driven revenues.
Offshore/Manufactured Products Segment Growth
This segment delivered strong performance with revenues increasing 15% sequentially and adjusted segment EBITDA rising 18%. Backlog increased to $363 million, the highest since September 2015, with a quarterly book-to-bill ratio of 1.1x and a year-to-date ratio of 1.2x.
Cash Flow and Deleveraging Efforts
Cash flow from operations grew 61% sequentially, generating $8 million of free cash flow. The company repurchased $7 million of common stock and $15 million of convertible senior notes, approaching net debt 0.
Capital Investments and Technological Advancements
Elevated capital expenditures due to construction of a new manufacturing facility in Batam, Indonesia, and manufacture of low-impact workover equipment. Received a 2025 Meritorious Engineering Award for a low-impact workover package.
Negative Updates
Decline in U.S. Land Drilling and Completion Activity
U.S. land drilling and completion activity declined significantly, with rig count down 8% and frac spread count down 14% from March 31, 2025, due to weaker crude oil prices and macroeconomic uncertainty.
Revenue Declines in Completion and Production Services
Completion and Production Services segment experienced a 15% decline in revenue, and Downhole Technologies saw a 10% decline, primarily due to reduced U.S. land-based activity levels.
Strategic Exits and Workforce Reduction
Exited three additional land-based facilities and reduced U.S. land-focused workforce in response to market conditions.
Company Guidance
During Oil States' Second Quarter 2025 Earnings Call, the company provided comprehensive guidance emphasizing their strategic focus on offshore and international projects, which accounted for 72% of consolidated revenues. The company achieved the midpoint of their guided EBITDA range for the quarter, with revenues totaling $165 million and adjusted consolidated EBITDA at $21 million. The Offshore/Manufactured Products segment notably increased revenues by 15% sequentially, with adjusted segment EBITDA rising 18% and a book-to-bill ratio of 1.1x. Oil States maintained their full-year EBITDA guidance between $88 million to $93 million, but adjusted revenue guidance to $685 million to $700 million due to streamlining U.S. land operations. The company expects third-quarter revenues of $165 million to $170 million and EBITDA of $21 million to $23 million. The earnings call also highlighted a strong cash flow from operations, projected to be $65 million to $75 million for the full year, and ongoing deleveraging efforts.Oil States International Financial Statement Overview
Summary
Oil States International shows mixed financial performance. Improvements in profitability and cash flow are offset by revenue decline and cost management issues. The balance sheet is stable with manageable leverage, but operational efficiencies need enhancement.Income Statement
The income statement shows a volatile performance with a negative gross profit margin in TTM, indicating cost challenges. However, there is improvement in EBIT and EBITDA margins compared to the previous year. Net profit margin is positive in TTM, showing recovery from previous losses. Revenue growth rate is negative, highlighting a decline in sales.45
Neutral
Balance Sheet
The balance sheet is relatively stable with a strong equity position. The debt-to-equity ratio indicates moderate leverage. Return on equity is low due to fluctuating net income, but the equity ratio shows a healthy proportion of equity financing, minimizing financial risk.60
Neutral
Cash Flow
Cash flow analysis shows positive free cash flow, indicating good cash generation abilities. The free cash flow growth rate is significant, reflecting improved cash management. However, the operating cash flow to net income ratio suggests potential operational inefficiencies.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 498.88M | 692.59M | 782.28M | 737.71M | 573.16M | 638.08M |
| Gross Profit | 116.34M | 101.68M | 119.12M | 91.82M | 22.02M | -22.27M |
| EBITDA | 67.55M | 55.66M | 86.17M | 61.28M | 17.73M | -421.53M |
| Net Income | 9.60M | -11.26M | 12.89M | -9.54M | -63.99M | -468.38M |
Balance Sheet | ||||||
| Total Assets | 993.75M | 1.01B | 1.05B | 1.06B | 1.09B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 53.86M | 65.36M | 47.11M | 42.02M | 52.85M | 72.01M |
| Total Debt | 134.19M | 150.56M | 161.35M | 179.70M | 208.68M | 220.32M |
| Total Liabilities | 303.11M | 324.45M | 336.94M | 374.83M | 389.92M | 394.63M |
| Stockholders Equity | 690.64M | 680.65M | 709.54M | 689.56M | 695.83M | 757.63M |
Cash Flow | ||||||
| Free Cash Flow | 30.20M | 8.39M | 25.92M | 12.60M | -10.32M | 120.01M |
| Operating Cash Flow | 71.30M | 45.89M | 56.58M | 32.86M | 7.19M | 132.75M |
| Investing Cash Flow | -1.02M | 2.70M | -25.59M | -22.73M | -6.63M | -3.73M |
| Financing Cash Flow | -41.36M | -29.48M | -26.71M | -20.29M | -19.57M | -65.02M |
Oil States International Technical Analysis
Positive
6.65
Price Trends
5.80
Positive
5.55
Positive
5.15
Positive
Market Momentum
0.15
Negative
64.54
Neutral
90.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OIS, the sentiment is Positive. The current price of 6.65 is above the 20-day moving average (MA) of 6.14, above the 50-day MA of 5.80, and above the 200-day MA of 5.15, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 64.54 is Neutral, neither overbought nor oversold. The STOCH value of 90.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OIS.
Oil States International Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $347.55M | 19.46 | 7.00% | 0.36% | 14.77% | 34.74% | |
74 Outperform | $305.15M | 14.14 | 8.34% | 1.65% | -3.22% | 55.46% | |
67 Neutral | $785.06M | 24.41 | 12.31% | 0.31% | -1.02% | 6.34% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $368.05M | ― | -28.21% | ― | 3.86% | -294.41% | |
60 Neutral | $402.94M | 59.22 | 0.95% | ― | -12.15% | ― | |
58 Neutral | $656.04M | ― | -16.86% | ― | -10.91% | -580.59% |
* Energy Sector Average
OIS
Oil States International
6.65
2.30
52.87%
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PUMP
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6.31
-1.25
-16.53%
RNGR
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13.97
1.56
12.57%
Oil States International Corporate Events
Oil States International Earnings Call Highlights Strategic Growth
Aug 2, 2025
Oil States International’s recent earnings call painted a picture of resilience and strategic adaptation, with strong performances in offshore and international markets. Despite the challenges faced in U.S. land-based activities, the company demonstrated robust growth and a solid backlog, highlighting its ability to navigate complex market conditions effectively.
Oil States International Reports Q2 2025 Earnings
Aug 1, 2025
Oil States International, Inc. is a global provider of manufactured products and services primarily serving the energy, industrial, and military sectors, known for its highly engineered capital equipment and consumable products.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.