Oil States International (NYSE:OIS) Issues Earnings Results, Beats Estimates By $0.03 EPS

Oil States International (NYSE:OIS) issued its earnings results on Thursday. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03, FiscalAI reports. The firm had revenue of $255.41 million for the quarter, compared to analyst estimates of $158.02 million. Oil States International had a positive return on equity of 3.62% and a negative net margin of 17.03%.The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share.

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

• Second-quarter results improved sequentially, with revenue of $157 million up 8% and adjusted EBITDA of $19 million up 14%; growth was driven by Downhole Technologies, Completion and Production Services, favorable mix, and execution.
• Offshore Manufactured Products backlog reached a more-than-10-year high of $451 million, up 24% year over year, with a 1.2x book-to-bill ratio. Management reiterated expectations for full-year book-to-bill of at least 1.0x and said new orders carry margins accretive to the existing backlog.
• Downhole Technologies posted its highest revenue since the second quarter of 2023 as perforating and completion-product demand strengthened; management expects activity to remain near second-quarter levels through the rest of 2026.
• Geopolitical disruptions, particularly in the Middle East, have delayed offshore contract awards and will push some revenue recognition from 2026 into 2027. Downhole margins also remain pressured by elevated tungsten, charge-powder, copper, and other raw-material costs.
• Third-quarter guidance calls for revenue of $157 million-$167 million and adjusted EBITDA of $18 million-$20 million, while full-year guidance remains $640 million-$660 million of revenue and $77 million-$83 million of adjusted EBITDA. Management expects working-capital investments to unwind in the second half and forecasts full-year free cash flow of $35 million-$40 million, excluding potential additional asset-sale proceeds.

Oil States International Stock Performance

Shares of NYSE:OIS traded down $0.18 during trading on Thursday, reaching $7.57. The company had a trading volume of 1,009,264 shares, compared to its average volume of 579,474. The firm’s fifty day moving average is $8.25 and its 200 day moving average is $9.69. The firm has a market capitalization of $455.58 million, a PE ratio of -3.90 and a beta of 1.08. Oil States International has a twelve month low of $4.75 and a twelve month high of $14.50.

Institutional Investors Weigh In On Oil States International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in 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 worth $2,933,000 after acquiring an additional 334,279 shares during the period. Russell Investments Group Ltd. lifted its holdings 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 last quarter. Marshall Wace LLP bought a new position in shares of Oil States International during the 2nd quarter valued at about $505,000. NewEdge Advisors LLC boosted its position in shares of 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 purchasing an additional 3,222 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Oil States International by 19.5% in the 4th quarter. Captrust Financial Advisors now owns 14,262 shares of the oil and gas company’s stock worth $97,000 after purchasing an additional 2,332 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OIS. Raymond James Financial lowered their price target on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Susquehanna reduced their target price on shares of Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.67.

About Oil States International

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.