Oil States International (NYSE:OIS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

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 13.8%

Shares of OIS stock traded down $1.55 during trading hours on Tuesday, hitting $9.65. 390,440 shares of the company’s stock traded hands, compared to its average volume of 1,032,674. The stock’s 50 day simple moving average is $11.87 and its 200 day simple moving average is $8.89. The stock has a market cap of $581.11 million, a PE ratio of -5.04 and a beta of 1.20. Oil States International has a 12 month low of $4.09 and a 12 month high of $14.50.

Analysts Set New Price Targets

Several analysts recently issued reports on OIS shares. Wall Street Zen upgraded shares of Oil States International from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Oil States International in a research report on Tuesday, April 21st. Stifel Nicolaus increased their price target on shares of Oil States International from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Susquehanna increased their price target on shares of Oil States International from $8.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Finally, Raymond James Financial restated an “outperform” rating and issued a $14.00 target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Oil States International

Several large investors have recently modified their holdings of OIS. Ameriprise Financial Inc. raised its stake in shares of 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 valued at $2,933,000 after acquiring an additional 334,279 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Oil States International by 121.3% during the third quarter. Russell Investments Group Ltd. now owns 287,663 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 157,688 shares during the last quarter. Marshall Wace LLP bought a new position in Oil States International during the second quarter worth $505,000. NewEdge Advisors LLC bought a new position in Oil States International during the second quarter worth $84,000. Finally, BNP Paribas Financial Markets raised its stake in 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 worth $70,000 after buying an additional 5,779 shares during the last quarter. Institutional investors own 97.44% of the company’s stock.

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.