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

Oil States International (NYSE:OIS) posted its quarterly earnings results on Friday. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03, FiscalAI reports. The firm had revenue of $169.76 million during the quarter, compared to analyst estimates of $162.62 million. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%. Oil States International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS.

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

• Third-quarter results exceeded guidance, with revenue rising 8% sequentially to $170 million and adjusted EBITDA increasing 6% to $20 million; adjusted EPS was $0.15.
• Offshore Manufactured Products backlog reached a nearly 12-year high of $482 million, up 21% year over year, with third-quarter book-to-bill of 1.3x and year-to-date book-to-bill of 1.2x. Management cited sustained offshore, international, and military demand, particularly in deepwater markets.
• Management expects continued growth from differentiated technologies, including managed pressure drilling, subsea intervention, and deep-sea mineral gathering systems; MPD revenue is modeled at approximately $35 million-$40 million annually at attractive margins.
• Fourth-quarter guidance calls for revenue of $172 million-$184 million and adjusted EBITDA of $20 million-$23 million, while the board authorized a new $50 million, two-year share repurchase program.
• Cash generation has been delayed by a $38 million year-to-date inventory investment and project timing, with fourth-quarter free cash flow now expected at $15 million-$25 million and asset-sale proceeds likely pushed into 2027. Elevated tungsten, explosive powder, and copper costs will remain a Downhole Technologies headwind into the fourth quarter, though management expects moderation in early 2027.

Oil States International Stock Performance

OIS traded up $0.50 during midday trading on Friday, hitting $9.58. 1,542,174 shares of the company traded hands, compared to its average volume of 881,735. The company has a quick ratio of 1.29, a current ratio of 2.35 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $577.87 million, a PE ratio of -5.07 and a beta of 1.20. The company’s 50-day moving average is $8.45 and its 200 day moving average is $9.33. Oil States International has a 52 week low of $5.50 and a 52 week high of $14.50.

Analyst Ratings Changes

OIS has been the topic of several recent analyst reports. Raymond James Financial cut their price objective on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Susquehanna upped their target price on shares of Oil States International from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Stifel Nicolaus dropped 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, July 31st. Finally, Weiss Ratings upgraded shares of Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.67.

Oil States International Company Profile

Oil States International, Inc is an energy services and equipment company that supports oil and natural gas exploration, drilling, completion, production and infrastructure activities. The company serves operators, drilling contractors and other energy-industry customers through two primary areas: Well Site Services and Offshore/Manufactured Products.

Its Well Site Services business provides equipment and services used during the completion and production phases of a well. Offerings include completion and workover services, well testing, rental tools, frac water management and related support services.