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Oil States International (OIS)
:OIS
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Oil States International
(NYSE:OIS)50Neutral
Oil States International (OIS) vs. S&P 500 (SPY)
Market Cap
$298.92M
Dividend YieldN/A
Average Volume (3M)752.34K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-11.47%
EPS Growth-187.17%
CountryUS
Employees2,752
SectorEnergy
Sector Strength57
IndustryFossil Fuels
Share Statistics
EPS (TTM)-0.18
Shares Outstanding61,760,610
10 Day Avg. Volume1,419,039
30 Day Avg. Volume752,337
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.43
Price to Cash Flow (P/CF)4.10
P/FCF Ratio4.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$7.25Price Target Upside52.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Oil States International Business Overview & Revenue Model
Company DescriptionOil States International, Inc. (OIS) is a leading oilfield services company that provides a broad range of products and services to the oil and gas industry. The company operates in two main segments: Offshore/Manufactured Products and Well Site Services. Its core offerings include highly engineered capital equipment and services, such as deepwater production equipment, subsea pipelines, oilfield tubular services, and well completion services. With a focus on innovation and technology, Oil States International supports its clients in maximizing the efficiency and productivity of their oil and gas operations.
How the Company Makes MoneyOil States International generates revenue through the design, manufacture, and sale of specialized equipment and services for the oil and gas industry. The Offshore/Manufactured Products segment earns income by providing products essential for offshore drilling and production, including subsea pipeline products and floating production systems. The Well Site Services segment contributes to revenue through the provision of completion services and land drilling activities. These services are crucial for optimizing well performance and ensuring efficient extraction processes. Additionally, the company benefits from long-term contracts and strategic partnerships with major oil and gas companies, which secure a steady flow of income. Oil States International's revenue is also influenced by the global demand for energy, oil prices, and exploration and production activities.
Oil States International Financial Statement Overview
Summary
Oil States International's financial health is challenged by operational disruptions and profitability issues, as reflected in the income statement. The balance sheet remains relatively stable, but cash flow inconsistencies pose risks. Strategic improvements in revenue generation and cost management are essential for better performance.Income Statement
Oil States International has experienced fluctuating revenue over recent years, with a significant drop to zero in the most recent period, indicating severe operational challenges. The company has faced profitability issues, evident from negative gross and net profit margins in the latest annual report. However, past periods showed some improvement in EBIT and EBITDA margins, suggesting potential for recovery.45
Neutral
Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio, indicating a balanced leverage position. The equity ratio has remained stable, providing financial stability. However, the company has been unable to generate positive returns on equity consistently, reflecting inefficiencies in asset utilization.65
Positive
Cash Flow
Operating cash flow has been positive, although free cash flow has shown volatility, with a significant decline recently. The cash flow to net income ratios suggest that cash generation is not aligning with accounting profits, highlighting potential cash management issues.55
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 692.59M | 782.28M | 737.71M | 573.16M | 638.08M | Gross Profit |
| 101.68M | 119.12M | 91.82M | 22.02M | -22.27M | EBIT |
| -16.20M | 23.16M | 6.22M | -59.00M | -534.34M | EBITDA |
| 55.66M | 86.17M | 61.28M | 17.73M | -421.53M | Net Income Common Stockholders |
| -11.26M | 12.89M | -9.54M | -63.99M | -468.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 65.36M | 47.11M | 42.02M | 52.85M | 72.01M | Total Assets |
| 1.01B | 1.05B | 1.06B | 1.09B | 1.15B | Total Debt |
| 150.56M | 161.35M | 179.70M | 208.68M | 220.32M | Net Debt |
| 85.20M | 114.24M | 137.68M | 155.83M | 148.31M | Total Liabilities |
| 324.45M | 336.94M | 374.83M | 389.92M | 394.63M | Stockholders Equity |
| 680.65M | 709.54M | 689.56M | 695.83M | 757.63M |
| Cash Flow | Free Cash Flow | |||
| 8.39M | 25.92M | 12.60M | -10.32M | 120.01M | Operating Cash Flow |
| 45.89M | 56.58M | 32.86M | 7.19M | 132.75M | Investing Cash Flow |
| 2.70M | -25.59M | -22.73M | -6.63M | -3.73M | Financing Cash Flow |
| -29.48M | -26.71M | -20.29M | -19.57M | -65.02M |
Oil States International Technical Analysis
Negative
4.74
Price Trends
5.22
Negative
5.12
Negative
4.89
Negative
Market Momentum
-0.09
Positive
37.27
Neutral
23.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OIS, the sentiment is Negative. The current price of 4.74 is below the 20-day moving average (MA) of 5.21, below the 50-day MA of 5.22, and below the 200-day MA of 4.89, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.27 is Neutral, neither overbought nor oversold. The STOCH value of 23.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OIS.
Oil States International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $11.17B | 13.88 | 27.06% | 0.75% | 16.23% | 1403.29% | |
75 Outperform | $5.43B | 8.89 | 10.12% | 1.93% | 3.42% | -35.98% | |
70 Outperform | $1.12B | 12.18 | 8.55% | 3.09% | -12.52% | -52.79% | |
65 Neutral | $1.98B | 13.34 | 21.97% | ― | 9.75% | 50.93% | |
57 Neutral | $8.34B | 5.35 | -5.98% | 7.29% | 0.20% | -69.45% | |
57 Neutral | $216.48M | ― | -36.95% | ― | 10.50% | -493.15% | |
50 Neutral | $298.92M | ― | -1.62% | ― | -11.47% | -187.17% |
* Energy Sector Average
Performance Comparison
OIS
Oil States International
4.74
-0.86
-15.36%
FTI
TechnipFMC
26.67
4.82
22.06%
FET
Forum Energy Tech
17.26
-1.69
-8.92%
NOV
NOV
14.96
-2.42
-13.92%
OII
Oceaneering International
19.95
-0.62
-3.01%
RES
RPC
5.24
-2.12
-28.80%
Oil States International Earnings Call Summary
Earnings Call Date: Feb 21, 2025 | % Change Since: -11.73% | Next Earnings Date: Apr 24, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in international and offshore operations, successful strategic initiatives, and positive cash flow generation, indicating strong positioning for future growth. However, challenges in the US land-driven operations and certain segments like completion and production services and downhole technology were noted. The overall sentiment is cautiously optimistic, with a focus on long-term strategic goals.Highlights
International and Offshore Revenue Growth
International and offshore revenues grew to 72% of consolidated revenues for Q4 2024, driven by strong demand and strategic optimization of the US land-driven business.
Successful Sale of Idled Facility
Oil States International completed the sale of a previously idled facility, netting cash proceeds of $24.8 million and a pre-tax gain of $15.3 million.
Shareholder Returns and Cash Flow Generation
Generated $18 million in cash flows from operations and repurchased $9 million of common stock in Q4 2024. Strong free cash flow expected in 2025 to support further shareholder returns.
Offshore Manufactured Product Segment Growth
The segment grew 5% sequentially, generating revenues of $107 million and adjusted segment EBITDA of $25 million, with a margin of 23% in Q4 2024.
Positive Market Momentum and Strategic Investments
Expectations of strong capital investments in offshore and international projects, driven by growing global power demand and recent FIDs. Positive market momentum for managed pressure drilling systems and other advanced technologies.
Lowlights
Decline in US Land-Driven Operations
US land-driven operations faced challenges due to a declining frac spread count, affecting revenues negatively in Q4 2024.
Completion and Production Services Segment Challenges
Completion and production services segment revenues declined by 5% sequentially, with a drop in adjusted segment EBITDA margin from 13% in Q3 to 12% in Q4 2024.
Downhole Technology Segment Performance
Reported revenues of $27 million with breakeven adjusted segment EBITDA for Q4 2024, indicating underperformance compared to other segments.
Company Guidance
In the Oil States International, Inc. 2024 Q4 earnings call, the company provided detailed guidance and insights into its financial performance and strategic outlook. The conference revealed that international and offshore revenues accounted for 72% of the consolidated revenues, while US land-driven revenues were 28%. The company completed the sale of an idled facility for $24.8 million, resulting in a pre-tax gain of $15.3 million. Offshore and international operations grew by 6% sequentially, despite domestic declines due to seasonal factors. The company generated $165 million in revenues and an adjusted consolidated EBITDA of $19 million, with an adjusted net income of $5.5 million or $0.09 per share. For 2025, Oil States International expects full-year revenues between $700 and $735 million and EBITDA between $88 and $93 million, with Q1 revenues projected between $160 and $170 million and EBITDA between $17.5 and $18.5 million. The company also anticipates cash flows from operations in the range of $65 to $75 million for 2025, with planned capital expenditures of approximately $25 million. Focus areas include optimizing global operations, enhancing profitability in completion and production services, and leveraging new technology introductions.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.