Oil States price target raised to $14 from $9 at Raymond James

Raymond James analyst James Rollyson raised the firm’s price target on Oil States (OIS) to $14 from $9 and keeps an Outperform rating on the shares. Oil States ended the year with strong execution on backlog in its Offshore/Manufactured Products segment and continued progress in turning around land-oriented businesses, while generating robust free cash flow that positions the balance sheet to soon be net and gross debt free, the analyst tells investors in a research note. EBITDA and free cash flow slightly exceeded guidance, and 2026 guidance came in above Street expectations, suggesting limited near-term upside but strong longer-term prospects from offshore spend and internal margin improvements, the firm says.