Oil States International (NYSE:OIS) Announces Earnings Results

Oil States International (NYSE:OIS) issued its earnings results on Tuesday. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, FiscalAI reports. Oil States International had a positive return on equity of 3.27% and a negative net margin of 16.35%.The firm had revenue of $145.36 million for the quarter, compared to the consensus estimate of $153.79 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year.

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 Stock Down 14.8%

NYSE:OIS traded down $1.65 during midday trading on Tuesday, hitting $9.55. The company had a trading volume of 480,121 shares, compared to its average volume of 1,033,521. The stock’s fifty day moving average price is $11.87 and its 200-day moving average price is $8.89. Oil States International has a 52-week low of $4.09 and a 52-week high of $14.50. The company has a market capitalization of $574.79 million, a PE ratio of -5.02 and a beta of 1.20.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OIS. Wall Street Zen upgraded Oil States International from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Oil States International in a research report on Tuesday, April 21st. Susquehanna upped their target price on shares of Oil States International from $8.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Stifel Nicolaus boosted their target price on Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Oil States International in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Hedge Funds Weigh In On Oil States International

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in Oil States International by 221.9% in the second quarter. EverSource Wealth Advisors LLC now owns 6,876 shares of the oil and gas company’s stock worth $37,000 after buying an additional 4,740 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Oil States International by 98.8% during the third 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 in the last quarter. NewEdge Advisors LLC bought a new position in shares of Oil States International during the second quarter valued at approximately $84,000. Captrust Financial Advisors increased its stake in shares of Oil States International by 19.5% during the fourth 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Oil States International during the second quarter valued at approximately $505,000. 97.44% of the stock is owned by institutional investors.

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.