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Oil States International (OIS)
:OIS
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Oil States International
(NYSE:OIS)
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Rating:61Neutral
Price Target:
$6.50
▲(8.88% Upside)
Oil States International's overall score reflects a mixed financial performance with strengths in cash flow and offshore market growth. Technical indicators suggest a neutral trend, while valuation concerns due to a high P/E ratio weigh on the score. Positive earnings call insights are offset by challenges in the US market and tariff impacts.
Oil States International (OIS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$382.97M
Dividend YieldN/A
Average Volume (3M)567.71K
Price to Earnings (P/E)17.1
Beta (1Y)1.22
Revenue Growth-11.02%
EPS GrowthN/A
CountryUS
Employees2,439
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.08
Shares Outstanding59,745,564
10 Day Avg. Volume727,534
30 Day Avg. Volume567,705
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.46
Price to Sales (P/S)0.45
P/FCF Ratio37.41
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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:Oct 31, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 19, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong performance in offshore and international markets, robust order backlog, and increased cash flow, supported by strategic focus on high-margin projects and technological advancements. However, the company faced significant challenges in the US land market, including reduced activity and tariff impacts, which affected specific segments negatively.Q3-2025 Updates
Positive Updates
Offshore and International Revenue Growth
During the third quarter, 75% of consolidated revenues were generated from offshore and international projects, reflecting a successful shift in revenue mix. This is up both sequentially and year over year.
Strong Order Backlog
Backlog increased to $399 million, the highest level since June 2015, supported by robust bookings of $145 million, a 29% quarter-over-quarter increase.
Increased Cash Flow from Operations
Cash flow from operations grew to $31 million, a 105% sequential increase, and the company generated $23 million of free cash flow.
Financial Position and Shareholder Returns
The company repurchased $4 million of common stock and $6 million of convertible senior notes, maintaining a solid cash on hand position with no borrowings under the credit facility.
Safety Awards and Technological Advancements
Oil States International received two safety awards, including the president's gold award for health, safety, and environment incident rate improvement.
Negative Updates
US Land Activity Decline
US land completion activity declined significantly with the average US frac spread count down 11% sequentially, primarily due to weaker crude oil prices and OPEC+ actions.
Downhole Technologies Segment Struggles
The Downhole Technologies segment experienced an adjusted segment EBITDA loss of $1 million due to higher costs from tariffs and lower international activity levels.
Impact of Tariffs
Tariff increases impacted the Downhole Technologies segment, with a tariff rate increase from 25% to as high as 98%, affecting gun steel costs.
Completion and Production Services Revenue Decline
Revenues in the Completion and Production Services segment declined 61% sequentially due to a reduction in US land-based activity.
Company Guidance
During the third quarter of 2025, Oil States International, Inc. reported consolidated revenues of $165 million and adjusted consolidated EBITDA of $21 million, with net income reaching $2 million or $0.03 per share. The company achieved a 75% revenue contribution from offshore and international projects, marking a significant shift in revenue mix. The Offshore Manufactured Products segment saw revenues of $109 million and an adjusted segment EBITDA margin of 21%. The Completion and Production Services segment, despite a revenue decline to $28 million, maintained an adjusted segment EBITDA margin of 29%. The Downhole Technologies segment faced challenges, recording an adjusted segment EBITDA loss of $1 million, attributed to higher costs due to tariffs. Notably, the company's backlog rose to $399 million, driven by a 29% quarter-over-quarter increase in bookings. The company generated $31 million in cash flow from operations, a 105% sequential increase, and projected a strong free cash flow outlook, with cash flows from operations expected to exceed $100 million annually. Looking ahead, Oil States International anticipates a fourth-quarter revenue increase of 8% to 13% sequentially, with adjusted EBITDA ranging from $21 million to $22 million.Oil States International Financial Statement Overview
Summary
Oil States International shows signs of recovery with improved profitability and cash flow generation. The balance sheet is stable with manageable leverage and improving returns on equity. However, challenges in revenue growth and negative gross profit margin remain concerns.Income Statement
Oil States International's income statement shows mixed results. The company has improved its net profit margin to 5.29% in the TTM, a significant recovery from previous losses, indicating enhanced profitability. However, revenue has declined by 3.06% in the TTM, reflecting challenges in maintaining growth. The gross profit margin remains negative, which is concerning, though EBIT and EBITDA margins have improved, suggesting better operational efficiency.55
Neutral
Balance Sheet
The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.18 in the TTM, showing prudent leverage management. Return on equity has improved to 3.78%, indicating better utilization of equity. The equity ratio remains healthy, suggesting a strong capital structure. However, the company needs to continue improving its asset utilization to enhance returns.60
Neutral
Cash Flow
Cash flow analysis reveals a strong improvement in free cash flow growth, with a 73.4% increase in the TTM, indicating robust cash generation capabilities. The operating cash flow to net income ratio is healthy, reflecting efficient cash conversion. However, the free cash flow to net income ratio suggests room for improvement in translating profits into cash.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 655.35M | 692.59M | 782.28M | 737.71M | 573.16M | 638.08M |
| Gross Profit | 108.36M | 106.88M | 119.12M | 95.32M | 26.42M | -22.27M |
| EBITDA | 84.34M | 55.66M | 86.17M | 73.84M | 17.73M | -421.53M |
| Net Income | 23.94M | -11.26M | 12.89M | -9.54M | -63.99M | -468.38M |
Balance Sheet | ||||||
| Total Assets | 1.01B | 1.01B | 1.05B | 1.06B | 1.09B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 67.05M | 65.36M | 47.11M | 42.02M | 52.85M | 72.01M |
| Total Debt | 126.22M | 150.56M | 161.35M | 179.70M | 208.68M | 220.32M |
| Total Liabilities | 323.35M | 324.45M | 336.94M | 374.83M | 389.92M | 394.63M |
| Stockholders Equity | 688.97M | 680.65M | 709.54M | 689.56M | 695.83M | 757.63M |
Cash Flow | ||||||
| Free Cash Flow | 30.80M | 8.39M | 25.92M | 12.60M | -10.32M | 120.01M |
| Operating Cash Flow | 73.19M | 45.89M | 56.58M | 32.86M | 7.19M | 132.75M |
| Investing Cash Flow | -3.43M | 2.70M | -25.59M | -22.73M | -6.63M | -3.73M |
| Financing Cash Flow | -48.68M | -29.48M | -26.71M | -20.29M | -19.57M | -65.02M |
Oil States International Technical Analysis
Positive
5.97
Price Trends
5.97
Positive
5.65
Positive
5.18
Positive
Market Momentum
0.16
Positive
53.54
Neutral
63.42
Neutral
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 5.97 is below the 20-day moving average (MA) of 6.23, below the 50-day MA of 5.97, and above the 200-day MA of 5.18, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 63.42 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
| ― | $352.44M | 19.74 | 7.00% | 0.36% | 14.77% | 34.74% | |
| ― | $300.13M | 13.91 | 8.34% | 1.66% | -3.22% | 55.46% | |
| ― | $752.00M | 23.38 | 12.31% | 0.25% | -1.02% | 6.34% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $382.97M | 17.10 | 3.31% | ― | -11.02% | ― | |
| ― | $1.14B | -65.96 | -2.05% | ― | -11.65% | 87.57% | |
| ― | $328.37M | -3.05 | -31.11% | ― | -1.29% | -123.25% |
* Energy Sector Average
OIS
Oil States International
6.41
1.69
35.81%
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Oil States International Corporate Events
Oil States International Earnings Call Highlights Robust Offshore Growth
Nov 1, 2025
Oil States International’s recent earnings call painted a picture of robust performance in offshore and international markets, bolstered by a strong order backlog and increased cash flow. The company’s strategic focus on high-margin projects and technological advancements has paid off, though challenges in the US land market, such as reduced activity and tariff impacts, have negatively affected certain segments.
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.