Oil States International (NYSE:OIS) Posts Earnings Results

Oil States International (NYSE:OIS) released its earnings results on Tuesday. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01, FiscalAI reports. The company had revenue of $145.36 million during the quarter, compared to analysts’ expectations of $153.79 million. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The business’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS.

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

• Q1 results showed $145 million in revenue and $17 million adjusted EBITDA with net income of $1 million (EPS $0.02), and management says the sequential decline was driven by seasonality, project timing, Middle East-related delays, and softness in U.S. land.
• The Offshore Manufactured Products segment led performance with $91 million revenue and $19 million Segment Adjusted EBITDA (~20% margin), and backlog sits near a decade high at $430 million with bookings of $84 million (quarterly book?to?bill 0.9; company reiterates full?year book?to?bill ?1).
• The company is increasingly weighted to higher?margin offshore and international work (?72% of Q1 revenue vs. 66% in Q1 2025) and highlights technology differentiation with SPE awards for its GeoLok geothermal wellhead and MPD Drill Ahead Tool.
• Liquidity and capital position strengthened — $59 million cash on hand, an amended credit facility (up to $75M revolver + $50M term loan) with $112 million available capacity at quarter end, and retirement of $53 million of convertible notes on April 1; management expects free cash flow to improve as working capital normalizes.
• Downhole Technologies faces near?term headwinds, delivering $32 million revenue but only $1 million Segment Adjusted EBITDA, with international expansion and growth initiatives delayed by the Middle East conflict and margins pressured by higher raw material and shipping costs.

Oil States International Trading Down 0.1%

NYSE:OIS traded down $0.01 during mid-day trading on Thursday, hitting $8.91. The stock had a trading volume of 1,161,607 shares, compared to its average volume of 1,057,459. The company has a 50 day simple moving average of $11.72 and a 200-day simple moving average of $8.93. The stock has a market capitalization of $536.08 million, a price-to-earnings ratio of -4.59 and a beta of 1.20. Oil States International has a 52 week low of $4.22 and a 52 week high of $14.50.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Susquehanna reduced their price target on shares of Oil States International from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus lifted their price target on Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $14.00 price objective on shares of Oil States International in a report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.33.

Institutional Investors Weigh In On Oil States International

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Oil States International by 157.0% during the second quarter. Ameriprise Financial Inc. now owns 547,191 shares of the oil and gas company’s stock valued at $2,933,000 after buying an additional 334,279 shares during the last quarter. Russell Investments Group Ltd. increased its position in Oil States International by 1.7% in the 4th quarter. Russell Investments Group Ltd. now owns 292,652 shares of the oil and gas company’s stock valued at $1,981,000 after acquiring an additional 4,989 shares during the period. Marshall Wace LLP acquired a new stake in Oil States International in the 2nd quarter valued at approximately $505,000. NewEdge Advisors LLC raised its stake in Oil States International by 20.5% during the 3rd quarter. NewEdge Advisors LLC now owns 18,961 shares of the oil and gas company’s stock valued at $115,000 after acquiring an additional 3,222 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Oil States International by 19.5% during the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock valued at $97,000 after acquiring an additional 2,332 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

Oil States International Company Profile

Oil States International, Inc is a Houston-based provider of products and services to the global oil and gas industry. Through its well site solutions and flat steel solutions segments, the company supplies critical equipment and consumables used in drilling, completion and production operations. Its well site offerings include a broad range of rental products—such as coiled tubing, frac iron, pressure control equipment and downhole tool rentals—designed to support drilling rigs and well completion crews.

In addition to rental and service offerings, Oil States International’s flat steel solutions business manufactures and distributes steel pipeline and flowback products.