Oil States International (NYSE:OIS) Posts 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 for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03, FiscalAI reports. Oil States International had a positive return on equity of 4.28% and a negative net margin of 16.78%. The business had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $162.62 million. During the same quarter in the prior year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis.

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 trading on Friday, hitting $9.58. The stock had a trading volume of 1,542,174 shares, compared to its average volume of 976,623. The company has a 50 day moving average price of $8.47 and a 200-day moving average price of $9.33. The firm has a market cap of $577.89 million, a price-to-earnings ratio of -5.07 and a beta of 1.20. Oil States International has a one year low of $5.50 and a one year high of $14.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.35 and a quick ratio of 1.29.

Trending Headlines about Oil States International

Here are the key news stories impacting Oil States International this week:

• Positive Sentiment: Third-quarter earnings and revenue beat estimates. Oil States reported adjusted earnings of $0.15 per share, versus the $0.12 consensus estimate, while revenue reached $169.76 million compared with expectations of approximately $162.6 million. Earnings increased from $0.08 per share a year earlier, and revenue grew 2.8% year over year. Oil States International Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Oil States authorized a $50 million equity buyback. Repurchasing shares could support earnings per share and signal that management believes the stock is undervalued. The program also provides a potential source of demand for OIS shares. Oil States International Announces $50 Million Equity Buyback
• Neutral Sentiment: Technical momentum has improved. OIS crossed above its 200-day moving average, a development often viewed as bullish by momentum-oriented investors. However, the technical signal may also prompt profit-taking, and one report questioned whether the move represents a selling opportunity. Oil States Stock Crosses Above Two Hundred Day Moving Average
• Negative Sentiment: Underlying profitability remains weak. Despite the earnings beat, the company reported a negative net margin of 16.78%, so investors may remain focused on whether stronger operating performance can translate into sustained bottom-line profitability. Management’s earnings-call transcript provides additional operating context. Oil States Q3 2026 Earnings Call Transcript

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OIS shares. Susquehanna increased their price objective on shares of Oil States International from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Stifel Nicolaus reduced their target price on shares of Oil States International from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded shares of Oil States International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Raymond James Financial decreased their price target on shares of Oil States International from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.67.

About Oil States International

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.