Oil States International, Inc. (OIS) AI Stock Analysis

Oil States International, Inc. is a global provider of oilfield products and services supporting drilling, completion, subsea, production, and infrastructure sectors. The company operates through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. Well Site Services delivers lifecycle solutions including wellhead isolation, frac valve systems, wireline and coiled tubing support, blowout preventer services, flowback, and sand control. Downhole Technologies specializes in perforation systems, downhole tools, and engineered products for completion, intervention, and well abandonment. The Offshore/Manufactured Products segment designs and manufactures capital equipment such as high-pressure riser systems, deepwater mooring systems, cranes, and subsea pipeline products.

Oil States International has experienced volatile revenue over recent years. Revenue rose from $573.2M in FY2021 to $782.3M in FY2023, before declining to $692.6M in FY2024 and $669.0M in FY2025, resulting in a 5-year revenue CAGR of 1.0%. Gross margin stood at 12.8% in FY2025, while operating margin fell to -0.7% with a net loss of $109.4M. For the trailing twelve months, revenue totaled $645.7M with an operating margin of 8.4% and an EPS of -$1.84. In the latest quarter ended June 30, 2026, quarterly revenue fell 5.3% year-over-year, while quarterly earnings grew 112.6%.

As of June 30, 2026, Oil States International held $19.8M in cash and short-term investments against total debt of $36.2M, leaving net debt at $16.4M. The balance sheet displays a current ratio of 2.35 and a debt-to-equity ratio of 0.06 against shareholders' equity of $581.4M. In FY2025, operating cash flow was $105.1M and free cash flow reached $73.9M. Capital allocation in FY2025 included capital expenditures of $31.2M and share buybacks of $16.6M, with share count decreasing 2.9% over five years.

With a market capitalization of $489.8M and enterprise value of $517.7M, OIS trades at a forward P/E of 19.2x, which is above the 12.7x median of its US-listed Energy peers. Its EV-to-EBITDA multiple of 6.3x and price-to-sales ratio of 0.8x compare to sector peer medians of 8.0x and 1.8x, respectively. Over the trailing 1-year period, OIS delivered a return of 36.5%, outperforming the SPY return of 16.8%. Over a 5-year horizon, OIS returned 17.7% compared to 83.0% for SPY.

Wall Street coverage on OIS comprises 1 Strong Buy, 2 Buys, and 1 Hold rating. The mean price target is $11.25, representing an upside of 38.5% compared to the last close of $8.12. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.48 on revenue of $643.0M. For FY2027, 4 analysts estimate EPS to grow 47.9% to $0.71, with revenue projected at $707.0M. OIS has beaten EPS estimates in 2 of the past 4 quarters, and its next earnings date is October 30, 2026.

This page is an AI-written research summary of Oil States International, Inc. (OIS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: OIS income statement, OIS balance sheet, OIS key metrics, OIS analyst forecast, OIS chart. See the OIS stock overview for the latest quote and news.