Oil States International, Inc., through its subsidiaries, provides oilfield products and services for the drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry worldwide. The company operates in three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. The Well Site Services segment offers a range of equipment and services that are used to drill for, establish, and maintain the flow of oil and natural gas from a well throughout its lifecycle. It also provides services, including wellhead isolation, frac valve, wireline and coiled tubing support, flowback and well testing, pipe recovery, gravel pack and sand control, blowout preventer, and drilling services. The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations. This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies. The Offshore/Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels; and short-cycle and other products. Its products include flexible bearings, advanced connector systems, high-pressure riser systems, deep water mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products. This segment also provides short-cycle products, such as valves, elastomers, and other specialty products that are used in the land-based drilling and completion markets; and other products for use in industrial, military, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services. The company was incorporated in 1995 and is headquartered in Houston, Texas.
IPO Year: 2001
Exchange: NYSE
Website: oilstatesintl.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/7/2023 | $10.00 | Outperform | Raymond James |
| 3/7/2022 | $8.00 | Neutral → Overweight | Piper Sandler |
| 3/7/2022 | Neutral → Overweight | Piper Sandler |
Net loss of $14.3 million, or $0.23 per share, reported for the quarter, which included restructuring and other charges totaling $18.2 million ($17.0 million, after-tax, or $0.27 per share) Adjusted net income of $2.7 million, or $0.04 per share, excluding these restructuring and other charges (a non-GAAP measure(1)) Consolidated revenues of $174.3 million decreased 6% sequentially, driven primarily by lower U.S. land-based activity and transitory project delays in the Gulf of Mexico Adjusted EBITDA (a non-GAAP measure(1)) of $21.5 million increased 1% sequentially Well Site Services segment name changed to the Completion and Production Services segment following the sale of its re
Wednesday, October 30, 2024 at 9:00 a.m. Central Daylight Time Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended September 30, 2024, which are expected to be released on Wednesday, October 30, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using
Net income of $1.3 million, or $0.02 per share, reported for the quarter, which included charges and credits totaling $3.9 million ($3.1 million, after-tax, or $0.05 per share) Adjusted net income of $4.4 million, or $0.07 per share, excluding charges and credits (a non-GAAP measure(1)) Consolidated revenues of $186.4 million increased 11% sequentially, driven primarily by the timing of conversion of orders from backlog along with modest U.S. oil-focused completion market share gains Adjusted EBITDA (a non-GAAP measure(1)) of $21.3 million increased 38% sequentially Received cash proceeds of $10.3 million in connection with the sale of a previously idled facility Purchased $
Monday, July 29, 2024 at 9:00 a.m. Central Daylight Time Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its second quarter 2024 earnings conference call for Monday, July 29, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended June 30, 2024, which are expected to be released on Monday, July 29, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using the passcode of 753
Net loss of $13.4 million, or $0.21 per diluted share, reported for the quarter, which included a non-cash goodwill impairment charge totaling $10.0 million ($9.5 million, after-tax, or $0.15 per share) Net loss of $1.9 million, or $0.03 per diluted share, excluding goodwill and other charges (a non-GAAP measure(1)) Consolidated revenues of $167.3 million decreased 20% sequentially, driven primarily by the timing of conversion of orders from backlog Adjusted EBITDA (a non-GAAP measure(1)) of $15.5 million Received two 2024 Spotlight on New Technology™ Awards from the Offshore Technology Conference for our Ultra-deepwater Swift™ connector design and our ACTIVEHub™ platform with
Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its first quarter 2024 earnings conference call for Friday, April 26, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended March 31, 2024, which are expected to be released on Friday, April 26, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using the passcode of 7534957. A replay of the conference call will be available a
Net income of $6.0 million, or $0.09 per diluted share, reported for the quarter Consolidated revenues of $208.3 million increased 7% sequentially, driven by higher offshore and international activity Adjusted EBITDA (a non-GAAP measure(1)) of $24.0 million increased 2% sequentially Offshore/Manufactured Products segment revenues increased 24% sequentially to $137.9 million – the highest level reported since the fourth quarter of 2015 Offshore/Manufactured Products segment backlog totaled $333 million as of December 31, with quarterly bookings of $120 million Invested $3.9 million in share repurchases during the quarter Extended the maturity date of our ABL Facility to Fe
Tuesday, February 20, 2024 at 10:00 a.m. Central Time Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its fourth quarter 2023 earnings conference call for Tuesday, February 20, 2024 at 10:00 a.m. Central Time. During the call, Oil States will discuss the results for the quarter ended December 31, 2023, which are expected to be released on Tuesday, February 20, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using the passcode of
Net income of $4.2 million, or $0.07 per diluted share, reported for the quarter Consolidated revenue of $194.3 million increased 6% sequentially, boosted by higher offshore and international activity Adjusted EBITDA (a non-GAAP measure(1)) of $23.4 million increased 23% sequentially Offshore/Manufactured Products segment revenue increased 18% sequentially to $111.0 million – the highest level reported since the fourth quarter of 2016 Offshore/Manufactured Products segment's backlog increased sequentially for a fifth consecutive quarter totaling $348 million as of September 30, with a quarterly book-to-bill ratio of 1.2x Third quarter segment bookings were augmented by two co
Friday, October 27, 2023 at 11 a.m. Central Daylight Time Oil States International, Inc. (NYSE:OIS) announced today that it has rescheduled its third quarter 2023 earnings conference call. The call will now be held on Friday, October 27, 2023 at 11 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended September 30, 2023, which are expected to be released on Friday, October 27, 2023, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internat
Raymond James initiated coverage of Oil States with a rating of Outperform and set a new price target of $10.00
Piper Sandler upgraded Oil States from Neutral to Overweight and set a new price target of $8.00
Piper Sandler upgraded Oil States International from Neutral to Overweight
Morgan Stanley reiterated coverage of Oil States International with a rating of Equal-Weight and set a new price target of $7.50 from $7.00 previously
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8-K - OIL STATES INTERNATIONAL, INC (0001121484) (Filer)
10-Q - OIL STATES INTERNATIONAL, INC (0001121484) (Filer)
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8-K - OIL STATES INTERNATIONAL, INC (0001121484) (Filer)
10-Q - OIL STATES INTERNATIONAL, INC (0001121484) (Filer)
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Net loss of $14.3 million, or $0.23 per share, reported for the quarter, which included restructuring and other charges totaling $18.2 million ($17.0 million, after-tax, or $0.27 per share) Adjusted net income of $2.7 million, or $0.04 per share, excluding these restructuring and other charges (a non-GAAP measure(1)) Consolidated revenues of $174.3 million decreased 6% sequentially, driven primarily by lower U.S. land-based activity and transitory project delays in the Gulf of Mexico Adjusted EBITDA (a non-GAAP measure(1)) of $21.5 million increased 1% sequentially Well Site Services segment name changed to the Completion and Production Services segment following the sale of its re
Wednesday, October 30, 2024 at 9:00 a.m. Central Daylight Time Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended September 30, 2024, which are expected to be released on Wednesday, October 30, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using
Collaboration Aims to Transform Offshore Drilling Efficiency and Safety, Bringing MPD into Mainstream Operations Seadrill Limited ("Seadrill") (NYSE:SDRL), a global leader in oil and gas offshore drilling, and Oil States International, Inc. ("Oil States") (NYSE:OIS), a global provider of manufactured products and services to customers in the energy, industrial and military sectors, announced today a non-exclusive collaborative relationship aimed at increasing the safety and efficiency of offshore MPD operations. This strategic initiative combines Oil States' award-winning MPD Integrated Riser Joint (IRJ) system with Seadrill's high-spec fleet of floating drilling vessels to enhance safety
HOUSTON, Sept. 12, 2024 /PRNewswire/ -- Oil States Industries, Inc., a powerhouse in the energy sector, is unloading a surplus of equipment. Overseeing this initiative will be Harris Auctions, a prominent Houston-based auction house that is hosting a live webcast auction to sell a substantial portion of equipment from Oil States Industries' Houston plant. Scheduled for September 17 at 10 a.m. CT, this auction features an extensive array of industrial assets, including a full CNC machine shop, welding and fabrication tools, cranes, manlifts, trailers, tooling, QC and a variety
Net income of $1.3 million, or $0.02 per share, reported for the quarter, which included charges and credits totaling $3.9 million ($3.1 million, after-tax, or $0.05 per share) Adjusted net income of $4.4 million, or $0.07 per share, excluding charges and credits (a non-GAAP measure(1)) Consolidated revenues of $186.4 million increased 11% sequentially, driven primarily by the timing of conversion of orders from backlog along with modest U.S. oil-focused completion market share gains Adjusted EBITDA (a non-GAAP measure(1)) of $21.3 million increased 38% sequentially Received cash proceeds of $10.3 million in connection with the sale of a previously idled facility Purchased $
Monday, July 29, 2024 at 9:00 a.m. Central Daylight Time Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its second quarter 2024 earnings conference call for Monday, July 29, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended June 30, 2024, which are expected to be released on Monday, July 29, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using the passcode of 753
Net loss of $13.4 million, or $0.21 per diluted share, reported for the quarter, which included a non-cash goodwill impairment charge totaling $10.0 million ($9.5 million, after-tax, or $0.15 per share) Net loss of $1.9 million, or $0.03 per diluted share, excluding goodwill and other charges (a non-GAAP measure(1)) Consolidated revenues of $167.3 million decreased 20% sequentially, driven primarily by the timing of conversion of orders from backlog Adjusted EBITDA (a non-GAAP measure(1)) of $15.5 million Received two 2024 Spotlight on New Technology™ Awards from the Offshore Technology Conference for our Ultra-deepwater Swift™ connector design and our ACTIVEHub™ platform with
Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its first quarter 2024 earnings conference call for Friday, April 26, 2024 at 9:00 a.m. Central Daylight Time. During the call, Oil States will discuss the results for the quarter ended March 31, 2024, which are expected to be released on Friday, April 26, 2024, before the markets open. This call is being webcast and can be accessed at Oil States' website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (888) 210-3346 in the United States or by dialing +1 (646) 960-0253 internationally and using the passcode of 7534957. A replay of the conference call will be available a
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Net income of $6.0 million, or $0.09 per diluted share, reported for the quarter Consolidated revenues of $208.3 million increased 7% sequentially, driven by higher offshore and international activity Adjusted EBITDA (a non-GAAP measure(1)) of $24.0 million increased 2% sequentially Offshore/Manufactured Products segment revenues increased 24% sequentially to $137.9 million – the highest level reported since the fourth quarter of 2015 Offshore/Manufactured Products segment backlog totaled $333 million as of December 31, with quarterly bookings of $120 million Invested $3.9 million in share repurchases during the quarter Extended the maturity date of our ABL Facility to Fe
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NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Piper Sandler analyst Luke Lemoine maintains Oil States International (NYSE:OIS) with a Neutral and lowers the price target from $7.5 to $5.5.
Piper Sandler analyst Luke Lemoine maintains Oil States International (NYSE:OIS) with a Neutral and lowers the price target from $8 to $7.5.
4 analysts have expressed a variety of opinions on Oil States International (NYSE:OIS) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $6.88, a high estimate of $10.00, and a low estimate of $4.50. Observing a downward trend, the current averag
Stifel analyst Stephen Gengaro maintains Oil States International (NYSE:OIS) with a Buy and lowers the price target from $12 to $10.
Susquehanna analyst Charles Minervino maintains Oil States International (NYSE:OIS) with a Neutral and lowers the price target from $6.5 to $4.5.
Shares of Aon plc (NYSE:AON) fell sharply during Friday's session after the company reported worse-than-expected quarterly financial results. Aon posted adjusted earnings of $5.66 per share, missing market estimates of $5.91 per share. The company's sales came in at $4.070 billion versus expectations of $4.126 billion, according to data from Benzinga Pro. Aon shares dipped 7.4% to $283.19 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Biodexa Pharmaceuticals Plc (NASDAQ:BDRX) shares jumped 73.3% to $1.2475 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa. Pineapple Energy Inc. (NASDAQ
Oil States International (NYSE:OIS) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.01) by 200 percent. This is a 200 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $167.262 million which missed the analyst consensus estimate of $190.075 million by 12.00 percent. This is a 14.75 percent decrease over sales of $196.199 million the same period last year.
Oil States International (NYSE:OIS) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $(0.01) by 2200 percent. This is a 600 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $167.26 million which missed the analyst consensus estimate of $190.07 million by 12.00 percent. This is a 14.75 percent decrease over sales of $196.20 million the same period last year.
Susquehanna analyst Charles Minervino maintains Oil States International (NYSE:OIS) with a Neutral and maintains $6.5 price target.
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