(OIS) Oil States International - Overview
Sector: Energy | Industry: Oil & Gas Equipment & Services | Exchange: NYSE (USA) | Market Cap: 533m USD | Total Return: 90.6% in 12m
Avg Turnover: 7.30M
EPS Trend: 91.4%
Qual. Beats: 2
Rev. Trend: -95.4%
Qual. Beats: -1
Warnings
Interest Coverage Ratio 0.0 is critical
Below Avwap Earnings
Tailwinds
No distinct edge detected
Oil States International, Inc. (OIS) is a Houston-based provider of engineered capital equipment and consumable products serving the energy, industrial, and military sectors. The company operates through three primary segments: Completion and Production Services, Downhole Technologies, and Offshore Manufactured Products. Its portfolio includes complex systems for floating production, subsea infrastructure, and wellbore perforation, alongside specialized services such as welding, cladding, and offshore installation.
The business model relies heavily on the capital expenditure cycles of global offshore drilling and subsea exploration, which typically require high-specification, long-lead equipment. As a provider in the Oil & Gas Equipment & Services sub-industry, OIS is sensitive to fluctuations in crude oil prices and the resulting demand for well intervention and abandonment services in mature basins. Investors may find additional data points on ValueRay useful for evaluating these segment risks. The company maintains a diversified client base including national oil companies, independent producers, and defense contractors.
- Global deepwater drilling activity drives demand for offshore manufactured capital equipment
- Fluctuations in North American onshore completion activity impact downhole consumable sales volumes
- Offshore production facility maintenance cycles dictate long-term service and repair revenue
- Volatility in crude oil prices influences exploration and production capital expenditure budgets
- Expansion into defense and renewable energy sectors diversifies revenue beyond fossil fuels
| Net Income: -110.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.82 > 1.0 |
| NWC/Revenue: 35.48% < 20% (prev 50.37%; Δ -14.89% < -1%) |
| CFO/TA 0.11 > 3% & CFO 93.9m > Net Income -110.5m |
| Net Debt (33.2m) to EBITDA (43.5m): 0.76 < 3 |
| Current Ratio: 1.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.4m) vs 12m ago -2.87% < -2% |
| Gross Margin: 13.71% > 18% (prev 0.15%; Δ 1.36k% > 0.5%) |
| Asset Turnover: 70.64% > 50% (prev 69.17%; Δ 1.47% > 0%) |
| Interest Coverage Ratio: 0.02 > 6 (EBITDA TTM 43.5m / Interest Expense TTM 5.45m) |
| A: 0.27 (Total Current Assets 480.3m - Total Current Liabilities 248.1m) / Total Assets 862.2m |
| B: 0.19 (Retained Earnings 165.4m / Total Assets 862.2m) |
| C: 0.00 (EBIT TTM 99.0k / Avg Total Assets 926.4m) |
| D: 0.34 (Book Value of Equity 98.7m / Total Liabilities 291.2m) |
| Altman-Z'' = 2.75 = A |
| DSRI: 1.07 (Receivables 187.2m/183.5m, Revenue 654.4m/685.3m) |
| GMI: 1.13 (GM 13.71% / 15.44%) |
| AQI: 0.69 (AQ_t 0.15 / AQ_t-1 0.22) |
| SGI: 0.95 (Revenue 654.4m / 685.3m) |
| TATA: -0.24 (NI -110.5m - CFO 93.9m) / TA 862.2m) |
| Beneish M = -3.32 (Cap -4..+1) = AA |
As of May 29, 2026, the stock is trading at USD 8.35 with a total of 1,016,795 shares traded.
Over the past week, the price has changed by -7.22%,
over one month by -26.75%,
over three months by -36.21% and
over the past year by +90.64%.
Oil States International has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy OIS.
- StrongBuy: 1
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13 | 55.7% |
P/E Forward = 19.1939
P/S = 0.814
P/B = 0.933
P/EG = 1.0105
Revenue TTM = 654.4m USD
EBIT TTM = 99.0k USD
EBITDA TTM = 43.5m USD
Long Term Debt = 1.53m USD (from longTermDebt, last quarter)
Short Term Debt = 59.3m USD (from shortTermDebt, last quarter)
Debt = 92.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 18.6m
Net Debt = 33.2m USD (calculated: Debt 92.2m - CCE 59.0m)
Enterprise Value = 565.9m USD (532.7m + Debt 92.2m - CCE 59.0m)
Interest Coverage Ratio = 0.02 (Ebit TTM 99.0k / Interest Expense TTM 5.45m)
EV/FCF = 8.36x (Enterprise Value 565.9m / FCF TTM 67.7m)
FCF Yield = 11.96% (FCF TTM 67.7m / Enterprise Value 565.9m)
FCF Margin = 10.34% (FCF TTM 67.7m / Revenue TTM 654.4m)
Net Margin = -16.89% (Net Income TTM -110.5m / Revenue TTM 654.4m)
Gross Margin = 13.71% ((Revenue TTM 654.4m - Cost of Revenue TTM 564.7m) / Revenue TTM)
Gross Margin QoQ = 17.60% (prev 4.36%)
Tobins Q-Ratio = 0.66 (Enterprise Value 565.9m / Total Assets 862.2m)
Interest Expense / Debt = 5.91% (Interest Expense 5.45m / Debt 92.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = 78.2k (EBIT 99.0k * (1 - 21.00%))
Current Ratio = 1.94 (Total Current Assets 480.3m / Total Current Liabilities 248.1m)
Debt / Equity = 0.16 (Debt 92.2m / totalStockholderEquity, last quarter 571.0m)
Debt / EBITDA = 0.76 (Net Debt 33.2m / EBITDA 43.5m)
Debt / FCF = 0.49 (Net Debt 33.2m / FCF TTM 67.7m)
Total Stockholder Equity = 630.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.93% (Net Income -110.5m / Total Assets 862.2m)
RoE = -17.52% (Net Income TTM -110.5m / Total Stockholder Equity 630.9m)
RoCE = 0.02% (EBIT 99.0k / Capital Employed (Equity 630.9m + L.T.Debt 1.53m))
RoIC = 0.01% (NOPAT 78.2k / Invested Capital 673.4m)
WACC = 9.99% (E(532.7m)/V(624.9m) * Re(10.91%) + D(92.2m)/V(624.9m) * Rd(5.91%) * (1-Tc(0.21)))
Discount Rate = 10.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.67 | Cagr: -3.29%
[DCF] Terminal Value 72.85% ; FCFF base≈52.6m ; Y1≈60.3m ; Y5≈88.7m
[DCF] Fair Price = 16.65 (EV 1.04b - Net Debt 33.2m = Equity 1.00b / Shares 60.2m; r=9.99% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.45 | EPS CAGR: 47.54% | SUE: 0.90 | # QB: 2
Revenue Correlation: -95.44 | Revenue CAGR: -7.24% | SUE: -0.88 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.12 | Chg30d=-4.00% | Revisions=N/A | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=-1.47% | Revisions=N/A | Analysts=4
EPS current Year (2026-12-31): EPS=0.59 | Chg30d=+0.56% | Revisions=N/A | GrowthEPS=+60.4% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=0.76 | Chg30d=-0.98% | Revisions=+33% | GrowthEPS=+27.7% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: +33%