tiprankstipranks
Oil States International (OIS)
NYSE:OIS
Want to see OIS full AI Analyst Report?

Oil States International (OIS) AI Stock Analysis

282 Followers

Top Page

OIS

Oil States International

(NYSE:OIS)

Select Model
Select Model
Select Model
Neutral 56 (OpenAI - Gpt-5.6Sol)
Rating:56Neutral
Price Target:
$9.00
▲(3.81% Upside)
Action:Reiterated
Date:07/31/26
The score is anchored by mixed fundamentals: weak recent profitability and revenue pressure are partially offset by a conservative balance sheet and still-positive TTM cash generation. The latest earnings call adds support via reiterated guidance, record backlog and solid segment performance, but near-term execution risks (input-cost pressure, award timing delays, and working-capital drag) remain. Technically, the stock is in a clear downtrend (below key moving averages), which tempers the overall rating despite improving operational narrative.
Positive Factors
Record backlog and positive bookings
The highest backlog in more than a decade and book-to-bill above 1x provide stronger future revenue visibility. Sustained bookings can support multi-period growth, although conversion timing varies by contract type.
Negative Factors
Sharp revenue and profitability deterioration
The decline from modest profitability to heavy losses indicates that the current revenue base is not absorbing the cost structure effectively. Persistent weakness could erode equity, constrain investment, and reduce resilience if activity remains soft.
Read all positive and negative factors
Positive Factors
Negative Factors
Record backlog and positive bookings
The highest backlog in more than a decade and book-to-bill above 1x provide stronger future revenue visibility. Sustained bookings can support multi-period growth, although conversion timing varies by contract type.
Read all positive factors

Oil States International (OIS) vs. SPDR S&P 500 ETF (SPY)

Oil States International Business Overview & Revenue Model

Company Description
Oil States International, Inc. (OSI), a global entity operating via its various subsidiaries, delivers a comprehensive suite of products and services tailored for the worldwide oil and gas industry. Its offerings span critical areas such as drilli...
How the Company Makes Money
Oil States International makes money primarily by selling engineered products and providing specialized services to customers active in oil and gas development. Revenue is generated through (a) product sales of manufactured/engineered equipment—su...

Oil States International Earnings Call Summary

Earnings Call Date:Jul 30, 2026
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call presents a cautiously positive tone: the company reported sequential revenue and adjusted EBITDA growth, a decade-high backlog, strong segment-level performance (notably OMP, Completion & Production Services, and a recovering Downhole Technologies), and reiterated guidance and free cash flow targets. However, meaningful near-term headwinds remain — geopolitical award timing delays pushing some revenue into 2027, elevated raw material costs and availability affecting margins, and working capital investments suppressing cash flow. Overall, the business appears strategically well positioned for longer-cycle offshore and international demand, but near-term execution and commodity/geopolitical factors introduce uncertainty.
Positive Updates
Sequential Revenue and Adjusted EBITDA Improvement
Consolidated revenue of $157 million and adjusted EBITDA of $19 million in Q2 2026, representing sequential increases of 8% and 14% respectively.
Negative Updates
Geopolitical Volatility and Award Delays
Conflict in the Middle East and related geopolitical uncertainty have caused contract award timing delays (notably connector and production facility orders expected for Middle East customers), tempering near-term revenue conversion and shifting some expected 2026 revenues into 2027.
Read all updates
Q2-2026 Updates
Negative
Sequential Revenue and Adjusted EBITDA Improvement
Consolidated revenue of $157 million and adjusted EBITDA of $19 million in Q2 2026, representing sequential increases of 8% and 14% respectively.
Read all positive updates
Company Guidance
Oil States guided Q3 revenue of $157–167 million and adjusted EBITDA of $18–20 million, reiterated full‑year revenue of $640–660 million with adjusted EBITDA of $77–83 million, and expects full‑year free cash flow of $35–40 million (with a potential incremental $5–10 million from additional asset sales). As of June 30 backlog was $451 million (highest in >10 years), up 5% sequentially and 24% year‑over‑year, with a quarterly book‑to‑bill of 1.2x and a full‑year book‑to‑bill expected to be ≥1x; Q2 results included consolidated revenue of $157 million and adjusted EBITDA of $19 million (up 8% and 14% sequentially), segment results of OMP revenue $93M/segment EBITDA $18M (margin >19%), Completion & Production Services revenue $24M/segment EBITDA $7M (~27% margin), Downhole Technologies revenue $40M/segment EBITDA $4M, net income $6M ($0.10/share) and adjusted net income $8M ($0.14/share), cash $20M and $18M of debt, a $5M share repurchase in Q2 and retirement of $53M of convertible notes; management notes H1 inventory investment of $27M drove cash used in operations of $6M in Q2 but expects working‑capital to unwind in H2 to support the guided FCF, while near‑term margin headwinds persist from elevated raw material costs (tungsten, explosive powder, copper) and charge powder availability.

Oil States International Financial Statement Overview

Summary
Overall financials are mixed: the income statement is the main weakness (material revenue decline and sizable TTM losses), but the balance sheet is a strength with low leverage (debt-to-equity ~0.13) and cash flow remains positive in TTM. The positive FCF is supportive, though it has decelerated and raises some quality-of-earnings questions versus the earnings shortfall.
Income Statement
24
Negative
Balance Sheet
67
Positive
Cash Flow
62
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue621.87M668.99M692.59M782.28M737.71M573.16M
Gross Profit76.67M85.81M106.88M119.12M95.32M26.42M
EBITDA-71.74M-49.24M55.66M86.17M73.84M17.73M
Net Income-107.42M-109.38M-11.26M12.89M-9.54M-63.99M
Balance Sheet
Total Assets839.49M883.43M1.01B1.05B1.06B1.09B
Cash, Cash Equivalents and Short-Term Investments19.80M69.91M65.36M47.11M42.02M52.85M
Total Debt36.22M87.63M150.56M161.35M179.70M208.68M
Total Liabilities258.12M310.24M324.45M336.94M374.83M389.92M
Stockholders Equity581.38M573.19M680.65M709.54M689.56M695.83M
Cash Flow
Free Cash Flow53.84M73.93M8.39M25.92M12.60M-10.32M
Operating Cash Flow72.69M105.12M45.89M56.58M32.86M7.19M
Investing Cash Flow-3.27M-11.05M2.70M-25.59M-22.73M-6.63M
Financing Cash Flow-104.34M-90.16M-29.48M-26.71M-20.29M-19.57M

Oil States International Technical Analysis

Technical Analysis Sentiment
Positive
Last Price8.67
Price Trends
50DMA
8.30
Positive
100DMA
9.20
Negative
200DMA
8.91
Positive
Market Momentum
MACD
0.18
Negative
RSI
58.98
Neutral
STOCH
85.82
Negative
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 8.67 is above the 20-day moving average (MA) of 8.49, above the 50-day MA of 8.30, and below the 200-day MA of 8.91, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 58.98 is Neutral, neither overbought nor oversold. The STOCH value of 85.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OIS.

Oil States International Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$927.93M-580.69-0.55%3.93%99.16%
69
Neutral
$484.85M21.617.31%1.29%15.42%13.10%
66
Neutral
$410.71M28.474.87%1.53%6.08%-38.85%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
60
Neutral
$574.47M22.599.03%0.34%0.35%-9.40%
56
Neutral
$541.09M-4.74-17.80%-2.80%-1752.76%
56
Neutral
$1.52B-105.31-1.49%-15.14%92.26%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
OIS
Oil States International
8.88
3.84
76.19%
CLB
Core Laboratories
12.65
2.34
22.70%
FET
Forum Energy Tech
81.42
58.24
251.25%
NGS
Natural Gas Services Group
35.22
10.14
40.45%
PUMP
Propetro Holding
11.90
7.24
155.36%
RNGR
Ranger Energy Services
17.51
4.91
38.98%

Oil States International Corporate Events

Executive/Board ChangesRegulatory Filings and Compliance
Oil States International amends CEO severance compensation terms
Neutral
Jul 13, 2026
On July 9, 2026, Oil States International, Inc. amended the executive agreement of President and Chief Executive Officer Lloyd A. Hajdik, changing how his severance benefits are calculated upon certain termination events. The amendment leaves all ...
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.Date of analysis: Jul 31, 2026