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

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

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

NYSE:OIS traded up $0.50 during mid-day trading on Friday, reaching $8.08. The stock had a trading volume of 484,526 shares, compared to its average volume of 946,175. The firm has a 50 day moving average price of $8.25 and a two-hundred day moving average price of $9.69. The stock has a market capitalization of $486.34 million, a P/E ratio of -4.16 and a beta of 1.08. Oil States International has a one year low of $4.75 and a one year high of $14.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Oil States International by 221.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 4,740 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Oil States International by 98.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,626 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 5,779 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of 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 purchasing an additional 2,332 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Oil States International during the 2nd quarter valued at $84,000. Finally, Marshall Wace LLP purchased a new position in Oil States International in the 2nd quarter worth $505,000. 97.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on OIS shares. Susquehanna reduced their target price on Oil States International from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Raymond James Financial cut their price objective 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. Weiss Ratings lowered shares of Oil States International from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Stifel Nicolaus lowered their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Wall Street Zen downgraded shares of Oil States International from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.33.

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.