Oil States International (NYSE:OIS) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Oil States International (NYSE:OIS) posted its earnings results on Friday. The oil and gas company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03, FiscalAI reports. The firm had revenue of $169.76 million for the quarter, compared to analyst estimates of $162.62 million. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%. Oil States International’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share.

Here are the key takeaways from Oil States International’s conference call:

• Third-quarter results exceeded guidance, with revenue rising 8% sequentially to $170 million and adjusted EBITDA increasing 6% to $20 million; adjusted EPS was $0.15.
• Offshore Manufactured Products backlog reached a nearly 12-year high of $482 million, up 21% year over year, with third-quarter book-to-bill of 1.3x and year-to-date book-to-bill of 1.2x. Management cited sustained offshore, international, and military demand, particularly in deepwater markets.
• Management expects continued growth from differentiated technologies, including managed pressure drilling, subsea intervention, and deep-sea mineral gathering systems; MPD revenue is modeled at approximately $35 million-$40 million annually at attractive margins.
• Fourth-quarter guidance calls for revenue of $172 million-$184 million and adjusted EBITDA of $20 million-$23 million, while the board authorized a new $50 million, two-year share repurchase program.
• Cash generation has been delayed by a $38 million year-to-date inventory investment and project timing, with fourth-quarter free cash flow now expected at $15 million-$25 million and asset-sale proceeds likely pushed into 2027. Elevated tungsten, explosive powder, and copper costs will remain a Downhole Technologies headwind into the fourth quarter, though management expects moderation in early 2027.

Oil States International Price Performance

NYSE:OIS opened at $9.58 on Friday. Oil States International has a 52 week low of $5.50 and a 52 week high of $14.50. The company has a quick ratio of 1.29, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $577.87 million, a PE ratio of -5.12 and a beta of 1.20. The stock’s 50-day moving average price is $8.47 and its 200-day moving average price is $9.33.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Susquehanna boosted their price target on Oil States International from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Raymond James Financial dropped their price objective on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Weiss Ratings raised shares of Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Stifel Nicolaus decreased their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.67.

About Oil States International

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.