Oil States International (OIS) Stock Overview
Through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
OIS Community Fair Values
Create NarrativeSee what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Oil States International, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$8.85 |
| 52 Week High | US$14.50 |
| 52 Week Low | US$4.27 |
| Beta | 1.2 |
| 1 Month Change | -20.13% |
| 3 Month Change | -34.54% |
| 1 Year Change | 102.98% |
| 3 Year Change | 28.63% |
| 5 Year Change | 37.64% |
| Change since IPO | -3.28% |
Recent News & Updates
Narrative Update • May 20
OIS: Offshore Execution And 2026 Guidance Will Drive Long Term Upside
Analysts trimmed the fair value estimate for Oil States International to $13.00 from $13.50, reflecting updated assumptions around discount rates, revenue growth, margins, and future P/E. The revisions incorporate recent research pointing to solid execution, improved offshore exposure, and stronger long-term margin potential.Seeking Alpha • May 13
Oil States International: Offshore Upside Amid Middle East Turmoil
Summary Oil States International remains on a 'Hold' as offshore and international growth is offset by Middle East disruptions and contract delays. OIS's Q1 saw a book-to-bill ratio drop to 0.9x, negative operating cash flow, and a 26% decline in Offshore/Manufactured Products sales. Despite near-term headwinds, OIS's robust balance sheet and undervalued EV/EBITDA multiple support resilience and potential 11% upside if the sector median is achieved. Long-cycle offshore project exposure and LNG investments underpin the strategic thesis, but near-term risks and negative FCF temper bullishness. Read the full article on Seeking Alpha
Narrative Update • May 02
OIS: Offshore Execution And Free Cash Flow Will Support Longer Term Upside
Analysts have lifted their price targets on Oil States International by about $4 to $6 per share, citing solid Q4 execution, stronger offshore and international exposure, improving margins and free cash flow, and guidance that is above prior Street expectations. Analyst Commentary Bullish analysts are leaning into Oil States International's recent Q4 performance and updated guidance, lifting their valuation ranges while highlighting execution in key business lines and a cleaner balance sheet trajectory.Recent updates
Narrative Update • May 20
OIS: Offshore Execution And 2026 Guidance Will Drive Long Term Upside
Analysts trimmed the fair value estimate for Oil States International to $13.00 from $13.50, reflecting updated assumptions around discount rates, revenue growth, margins, and future P/E. The revisions incorporate recent research pointing to solid execution, improved offshore exposure, and stronger long-term margin potential.Seeking Alpha • May 13
Oil States International: Offshore Upside Amid Middle East Turmoil
Summary Oil States International remains on a 'Hold' as offshore and international growth is offset by Middle East disruptions and contract delays. OIS's Q1 saw a book-to-bill ratio drop to 0.9x, negative operating cash flow, and a 26% decline in Offshore/Manufactured Products sales. Despite near-term headwinds, OIS's robust balance sheet and undervalued EV/EBITDA multiple support resilience and potential 11% upside if the sector median is achieved. Long-cycle offshore project exposure and LNG investments underpin the strategic thesis, but near-term risks and negative FCF temper bullishness. Read the full article on Seeking AlphaNarrative Update • May 02
OIS: Offshore Execution And Free Cash Flow Will Support Longer Term Upside
Analysts have lifted their price targets on Oil States International by about $4 to $6 per share, citing solid Q4 execution, stronger offshore and international exposure, improving margins and free cash flow, and guidance that is above prior Street expectations. Analyst Commentary Bullish analysts are leaning into Oil States International's recent Q4 performance and updated guidance, lifting their valuation ranges while highlighting execution in key business lines and a cleaner balance sheet trajectory.Narrative Update • Apr 17
OIS: Offshore Execution And 2026 Guidance Will Support Future Upside
Analysts have lifted their blended 12 month price target on Oil States International to a range centered around $14 to $15, up from prior levels near $9 to $10, citing strong Q4 execution, better 2026 guidance, improving offshore and international exposure, and continued progress in margin and free cash flow performance. Analyst Commentary Bullish Takeaways Bullish analysts point to strong Q4 execution, particularly in the Offshore and Manufactured Products segment, as support for higher valuation ranges.Narrative Update • Apr 03
OIS: Offshore Execution And Free Cash Flow Will Drive Future Upside
The analyst price target for Oil States International has shifted from $8.11 to $13.50 as analysts factor in stronger Q4 execution, improved offshore and international exposure, higher projected profit margins, and updated long term guidance supported by recent free cash flow trends. Analyst Commentary Recent price target changes on Oil States International reflect a mix of optimism around execution and free cash flow, alongside some hesitation about how much upside is already reflected in the shares.Narrative Update • Mar 20
OIS: Offshore Execution And Margin Progress Will Support Longer Term Earnings Power
Analysts have raised their average price target on Oil States International by about $5 per share, placing it in a $13 to $15 range. They cited strong Q4 execution, better than expected 2026 guidance, and improved opportunities related to offshore and international exposure, as well as internal margin progress.Narrative Update • Mar 06
OIS: Offshore Backlog Execution And Margin Gains Will Support Future Earnings Power
Analysts have lifted their fair value estimate for Oil States International to $15.00 from $10.00, citing stronger backlog execution, improved margins, and higher long term offshore driven expectations. These factors are reflected in recent price target increases from $8.00 to $13.00 and up to $15.00 across several firms.Analysis Article • Feb 25
Oil States International (NYSE:OIS) Full Year 2025 earnings: Adjusted Earnings Improved
Full year 2025 results (Adjusted / non-GAAP): Adjusted EPS: US$0.37 (vs consensus US$0.31, a 19.35% beat). Adjusted earnings: US$21.56m (vs consensus US$18.04m, a 19.54% beat). Adjusted EPS increased from US$0.17 in FY 2024.
Narrative Update • Feb 20
OIS: Flattish U.S. Activity Will Likely Restrain Further Share Upside
Analysts have raised their price target on Oil States International to $8 from $6.50, citing steadier than expected U.S. drilling and completions activity, as well as recent adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary While the higher US$8 price target signals some recognition of steadier U.S. drilling and completions activity, bearish analysts are still striking a cautious tone on Oil States International.Narrative Update • Feb 06
OIS: Steady U.S. Drilling Activity Will Likely Cap Further Upside
Narrative Update on Oil States International Analysts raised their price target on Oil States International to $8.00 from $6.50, citing U.S. drilling and completions activity that appears to have remained steadier than many had anticipated heading into the Q4 earnings season. Analyst Commentary Even with the price target move to US$8.00 from US$6.50, bearish analysts are still signaling a cautious stance on Oil States International, reflected in the Neutral rating that accompanies the update.Analysis Article • Jan 28
Why Investors Shouldn't Be Surprised By Oil States International, Inc.'s (NYSE:OIS) 27% Share Price Surge
The Oil States International, Inc. ( NYSE:OIS ) share price has done very well over the last month, posting an...Narrative Update • Jan 22
OIS: Flattish U.S. Activity And Completed Buyback Will Limit Upside
Analysts have nudged up their price expectations for Oil States International, with the latest target moving from $6.50 to $8.00 per share as they point to steadier than expected U.S. drilling and completions activity heading into Q4 earnings season. Analyst Commentary Recent research points to a more balanced view on Oil States International, with the updated US$8.00 price target paired with a Neutral stance.Narrative Update • Jan 08
OIS: Steady U.S. Activity And Buybacks Will Support Future Earnings Power
Analysts recently lifted their price target on Oil States International to US$8 from US$6.50, citing steadier than expected U.S. drilling and completions activity as rig and frac spread counts held flattish heading into the Q4 earnings season. Analyst Commentary Bullish analysts highlighting Oil States International point to the recent move in the price target to US$8 from US$6.50 as a sign of improving sentiment around the company’s execution and earnings setup.Narrative Update • Dec 17
OIS: Ongoing Share Buybacks Will Support Future Upside Potential
Analysts have stood by their price target for Oil States International. Modestly lower discount rate assumptions and a marginally less optimistic future PE multiple temper their long term valuation outlook, while growth and margin expectations remain intact.Narrative Update • Dec 15
OIS: Share Repurchases Will Support Stronger Future Earnings Power
Analysts have raised their price target on Oil States International by approximately $1.00, citing a lower perceived discount rate, slightly stronger long term revenue growth, improved profit margin expectations, and a modestly cheaper future earnings multiple. What's in the News Completed share repurchase of 4,861,082 shares, representing 7.84% of outstanding shares, under the buyback announced on October 30, 2024 (company filing) From July 1, 2025 to October 31, 2025, repurchased 797,099 shares, or 1.32% of outstanding shares, for a total of $4.11 million (company filing) Total capital returned via this buyback program reached $24.67 million upon completion of the authorization (company filing) Valuation Changes The discount rate has fallen modestly, moving from roughly 8.33 percent to about 7.54 percent, reflecting a lower perceived risk profile in the valuation model.Analysis Article • Dec 05
What You Can Learn From Oil States International, Inc.'s (NYSE:OIS) P/S
There wouldn't be many who think Oil States International, Inc.'s ( NYSE:OIS ) price-to-sales (or "P/S") ratio of 0.6x...Narrative Update • Nov 30
OIS: Share Buybacks And Rising Profit Margins Will Support Future Upside
Analysts have slightly lowered their price target for Oil States International from $8.25 to $8.13, citing modest adjustments in expected revenue growth and future profitability metrics. What's in the News From July 1, 2025 to October 31, 2025, Oil States International repurchased 797,099 shares, representing 1.32% of shares outstanding, for $4.11 million (Key Developments).Narrative Update • Nov 16
OIS: Improved Profit Margins And Share Repurchases Will Drive Future Upside
Analysts have raised their price target for Oil States International from $7.50 to $8.25. They cite an improved profit margin outlook, even though expectations for revenue growth are slightly lower and there have been adjustments to the discount rate.Narrative Update • Nov 02
OIS: Increased Revenue Expectations Will Drive Future International Market Expansion
Narrative Update on Oil States International Analysts have maintained their price target for Oil States International at $7.50. This decision is based on increased revenue growth expectations, balanced by a lower projected profit margin and a slightly higher discount rate.Narrative Update • Oct 18
Offshore And International Markets Will Expand Global Reach
Narrative Update: Oil States International Analyst Price Target Rises Analysts have increased their price target for Oil States International from $6.88 to $7.50. This revision is attributed to improved profitability and a refined outlook, despite slightly lower revenue growth expectations and a modestly reduced discount rate.Analysis Article • Oct 12
Oil States International's (NYSE:OIS) Returns On Capital Are Heading Higher
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Analysis Article • Jul 16
Is Oil States International (NYSE:OIS) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Narrative • Jun 01
International Offshore Projects And Batam Facility Will Expand Global Markets
Robust international project backlog and deepwater expertise support long-term growth, with specialization enabling higher margins compared to less differentiated industry peers.Analysis Article • May 24
Market Might Still Lack Some Conviction On Oil States International, Inc. (NYSE:OIS) Even After 26% Share Price Boost
Oil States International, Inc. ( NYSE:OIS ) shareholders are no doubt pleased to see that the share price has bounced...Analysis Article • May 13
Concerns Surrounding Oil States International's (NYSE:OIS) Performance
Following the solid earnings report from Oil States International, Inc. ( NYSE:OIS ), the market responded by bidding...Analysis Article • May 02
The Return Trends At Oil States International (NYSE:OIS) Look Promising
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Analysis Article • Apr 08
Oil States International, Inc. (NYSE:OIS) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
The Oil States International, Inc. ( NYSE:OIS ) share price has fared very poorly over the last month, falling by a...Seeking Alpha • Jan 03
Oil States International Has The Ingredients To Make A Recovery (Rating Upgrade)
Summary OIS is streamlining operations, exiting underperforming locations, and introducing new products in managed pressure drilling and valve technology to drive revenue growth. Despite global crude oil demand concerns and cash flow deterioration, OIS's strategic initiatives and higher backlog for subsea production systems support a "Buy" rating. Collaborations, such as with Seadrill and new product introductions, are expected to enhance offshore operations. Read the full article on Seeking AlphaAnalysis Article • Dec 19
Oil States International, Inc.'s (NYSE:OIS) Business Is Trailing The Industry But Its Shares Aren't
There wouldn't be many who think Oil States International, Inc.'s ( NYSE:OIS ) price-to-sales (or "P/S") ratio of 0.4x...Analysis Article • Oct 22
Oil States International (NYSE:OIS) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Oct 04
Returns Are Gaining Momentum At Oil States International (NYSE:OIS)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Aug 08
Oil States International: Near-Term Challenges Conflict Strong Potential (Rating Downgrade)
Summary Oil States expects steady supply from offshore field developments in various regions, leading to a higher backlog for subsea production systems. It focuses on new product introductions and cost control measures to stabilize profit margins and drive revenue growth. Despite undervaluation compared to peers, economic uncertainty leads to a short-term "hold" rating with expectations of higher returns in the medium term. Read the full article on Seeking AlphaAnalysis Article • Aug 01
Oil States International, Inc. (NYSE:OIS) Stock Catapults 35% Though Its Price And Business Still Lag The Industry
The Oil States International, Inc. ( NYSE:OIS ) share price has done very well over the last month, posting an...Analysis Article • Jul 17
A Look At The Intrinsic Value Of Oil States International, Inc. (NYSE:OIS)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Oil States International fair value estimate is US$5.20 Oil...Analysis Article • May 01
Here's Why Shareholders May Want To Be Cautious With Increasing Oil States International, Inc.'s (NYSE:OIS) CEO Pay Packet
Key Insights Oil States International's Annual General Meeting to take place on 7th of May Salary of US$925.0k is part...Analysis Article • Apr 18
Oil States International, Inc.'s (NYSE:OIS) Shares Lagging The Industry But So Is The Business
When you see that almost half of the companies in the Energy Services industry in the United States have price-to-sales...Seeking Alpha • Apr 06
Oil States International Will Turn Around Steadily
Summary Oil States International expects revenue and cash flow growth in 2024 due to the commercialization of new technologies and the recovery of natural gas prices. The company's book-to-bill ratio deteriorated in Q4, but improved cash flows and low leverage should boost investor confidence. OIS's stock is reasonably valued compared to its peers, and I maintain my "buy" rating based on growth and profitability prospects. Read the full article on Seeking AlphaSeeking Alpha • Jan 17
Expect Oil States International To Turn Around (Rating Upgrade)
Summary Oil States International is transitioning to subsea minerals, renewable, and clean tech energy systems. The company's operating margin improved in Q3 and it has a strong backlog in the Offshore/Manufactured Products segment. OIS's stock is undervalued compared to its peers and has the potential for significant returns. Read the full article on Seeking AlphaSeeking Alpha • Oct 11
Oil States International Gets Close To An Inflection Point
Summary OIS is experiencing growth in offshore and international drilling operations, but faces a slowdown in the US market. The company is expanding into subsea minerals, renewable, and clean tech energy systems. OIS' backlog is growing, indicating medium-term growth potential, but limited short-term room for stock growth. Read the full article on Seeking AlphaAnalysis Article • Aug 03
Oil States International (NYSE:OIS) Is Experiencing Growth In Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Jul 28
Oil States International: The Macro Backdrop Is Strong But Q2 Execution Was Poor
Summary Oil States posted disappointing earnings, attributing it to execution issues and one-time events. The company's backlog has increased and the macro backdrop remains favorable, especially offshore. I will look to Q3 for an update, but in the meantime, I think Oil States is no longer a strong buy. Read the full article on Seeking AlphaAnalysis Article • Jul 13
Does Oil States International (NYSE:OIS) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 08
Oil States International, Inc.'s (NYSE:OIS) Shares May Have Run Too Fast Too Soon
With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Energy Services industry in the United States...Analysis Article • May 05
Oil States International's (NYSE:OIS) Promising Earnings May Rest On Soft Foundations
Last week's profit announcement from Oil States International, Inc. ( NYSE:OIS ) was underwhelming for investors...Analysis Article • May 01
Oil States International (NYSE:OIS) Shareholders Will Want The ROCE Trajectory To Continue
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Shareholder Returns
| OIS | US Energy Services | US Market | |
|---|---|---|---|
| 7D | -1.8% | 1.1% | 1.1% |
| 1Y | 103.0% | 91.6% | 28.7% |
Return vs Industry: OIS exceeded the US Energy Services industry which returned 91.7% over the past year.
Return vs Market: OIS exceeded the US Market which returned 28.7% over the past year.
Price Volatility
| OIS volatility | |
|---|---|
| OIS Average Weekly Movement | 7.5% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: OIS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: OIS's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 2,172 | Lloyd Hajdik | www.oilstatesintl.com |
Oil States International, Inc., through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide. The company operates through three segments, Completion and Production Services, Downhole Technologies, and Offshore Manufactured Products. The Completion and Production Services segment offers a range of equipment and services that are used to establish and maintain the flow of oil and natural gas from a well throughout its life cycle.
Oil States International, Inc. Fundamentals Summary
| OIS fundamental statistics | |
|---|---|
| Market cap | US$532.71m |
| Earnings (TTM) | -US$111.50m |
| Revenue (TTM) | US$654.41m |
0.8x
P/S Ratio-4.8x
P/E RatioIs OIS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OIS income statement (TTM) | |
|---|---|
| Revenue | US$654.41m |
| Cost of Revenue | US$511.25m |
| Gross Profit | US$143.16m |
| Other Expenses | US$254.67m |
| Earnings | -US$111.50m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.85 |
| Gross Margin | 21.88% |
| Net Profit Margin | -17.04% |
| Debt/Equity Ratio | 9.6% |
How did OIS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 14:40 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oil States International, Inc. is covered by 28 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| James West | Barclays |
| Alan Laws | BMO Capital Markets Equity Research |