OIS
EnergyOil States International, Inc. · Oil & Gas Equipment & Services · $530M
What is Oil States International, Inc.?
Oil States International is a Houston-based oilfield products and services company serving the global oil and gas industry. Founded in 2001, it operates across drilling, completion, subsea, and offshore infrastructure markets worldwide.
The company generates revenue through three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. Well Site Services provides equipment and support across a well's full lifecycle. Downhole Technologies designs and manufactures consumable perforation systems and downhole tools for completion and intervention operations. The Offshore/Manufactured Products segment builds capital equipment for floating production systems, subsea pipeline infrastructure, and offshore drilling rigs — including flexible bearings, connector systems, high-pressure risers, and deepwater mooring systems.
Oil States International was founded in 2001 and is headquartered in Houston, Texas.
- Wellhead isolation, frac valves, and flowback services
- Oil and gas perforation systems and downhole tools
- Subsea pipeline products and deepwater mooring systems
- High-pressure riser systems and advanced connector systems
- Cranes, blowout preventer stacks, and offshore drilling equipment
Is OIS a Good Stock to Buy?
UQS Score rates OIS as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
The most constructive aspects of OIS's profile sit in the Risk and Valuation pillars, both rated Good. The stock appears reasonably priced relative to its fundamentals, and the risk profile is better managed than many small-cap energy peers — a meaningful distinction in a cyclical sector.
The Quality, Moat, and Growth pillars all register as Weak, pointing to limited competitive differentiation, constrained earnings power, and a lack of clear near-term growth momentum.
Pro members can view the complete pillar breakdown and underlying financial metrics behind the OIS score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does OIS pay dividends?
No — Oil States International, Inc. does not currently pay a dividend.
Oil States International does not currently pay a dividend. For a small-cap energy services company operating in a cyclical industry, retaining capital provides flexibility to manage through commodity-driven downturns and fund operational needs. Income-focused investors should factor this into their assessment of OIS.
When does OIS report earnings?
Oil States International reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Given the Weak ratings across Quality and Growth pillars, recent earnings cycles have reflected the broader pressures facing oilfield services companies — including activity-level sensitivity and margin compression. The Good Risk rating suggests the balance sheet has provided some buffer against these headwinds.
For the most recent quarter's results and guidance, visit Oil States International's investor relations page directly.
OIS Price History
+60.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Oil States International, Inc.?
Based on Oil States International, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
OIS Long-term Outlook
The fundamental outlook for OIS is cautious. Weak Growth and Quality pillar ratings suggest limited near-term earnings expansion, while the broader oilfield services sector remains tied to upstream capital spending cycles. The Good Valuation rating indicates the market may already be pricing in these constraints, leaving less downside risk from valuation compression — but also less upside catalyst without a meaningful improvement in operational performance.
Growth drivers
- Recovery in offshore and deepwater drilling activity driving demand for manufactured products
- Subsea infrastructure investment tied to long-cycle energy projects
- Completion activity levels supporting downhole technology demand
Key risks
- Sustained weakness in oil and gas upstream spending compressing service demand
- Limited competitive moat leaving OIS exposed to pricing pressure from larger peers
- Cyclical revenue profile with limited visibility into multi-quarter earnings trajectory
OIS vs Peers
OIS competes in the oilfield equipment and services space alongside several specialized peers across North American and global markets.
Forum Energy Technologies focuses on drilling and production equipment with a broad product portfolio, competing directly with OIS in the well site and downhole tools segments.
Mattr Corp. is a Canadian-listed specialty manufacturer with exposure to pipeline and infrastructure products, overlapping with OIS's offshore and subsea product lines.
North American Construction Group provides heavy construction and mining services to the energy sector, competing at the infrastructure and site-services level rather than in downhole or subsea equipment.
Frequently Asked Questions
What does Oil States International do?
Oil States International provides oilfield products and services across three segments: Well Site Services, Downhole Technologies, and Offshore/Manufactured Products. It serves drilling, completion, subsea, and offshore infrastructure markets globally, supplying everything from perforation systems to deepwater mooring equipment.
Does OIS pay dividends?
OIS does not currently pay a dividend. The company retains capital rather than distributing it to shareholders, which is common among small-cap energy services companies navigating a cyclical operating environment. Investors seeking income should consider this when evaluating OIS.
When does OIS report earnings?
Oil States International reports on a quarterly cadence, as is standard for US-listed companies. For precise dates and the most recent results, check the investor relations section of the company's official website.
Is OIS a good stock to buy?
UQS Score rates OIS as Below Average overall. While the Risk and Valuation pillars are rated Good, the Quality, Moat, and Growth pillars are all Weak — indicating meaningful fundamental challenges. Whether OIS fits a portfolio depends on individual risk tolerance and investment goals. See the full pillar breakdown on UQS Score.
Is OIS overvalued?
The UQS Valuation pillar for OIS is rated Good, suggesting the stock is not obviously overpriced relative to its fundamentals. In a sector prone to valuation swings tied to commodity cycles, a Good Valuation rating can indicate the market has already discounted weaker operational metrics.
How does OIS compare to its competitors?
OIS operates in a competitive oilfield services space alongside peers like Forum Energy Technologies and Mattr Corp. Its three-segment structure gives it some diversification across well site, downhole, and offshore markets, but the Weak Moat rating suggests limited pricing power relative to larger or more specialized competitors.
What is OIS's market cap bracket?
OIS is classified as a small-cap company. This places it in a segment of the market that can offer higher growth potential but also carries greater volatility and liquidity risk compared to large- or mega-cap energy peers.
Who founded Oil States International?
Oil States International was established in 2001. Detailed founding history and executive background are publicly available through the company's official investor relations materials and SEC filings.
Is OIS a long-term quality investment?
As a long-term quality indicator, the UQS Score rates OIS as Below Average. Weak Quality, Moat, and Growth pillar scores suggest the company currently lacks the durable competitive advantages and earnings consistency typically associated with high-quality long-term holdings. The Good Risk and Valuation ratings provide some offset.
What is the main competitive advantage of Oil States International?
OIS's breadth across well site, downhole, and offshore manufactured products gives it exposure to multiple points in the oilfield services value chain. However, the UQS Moat pillar is rated Weak, indicating this diversification has not yet translated into a durable competitive edge relative to sector peers.
What sector does OIS belong to?
OIS operates in the Energy sector, specifically within oilfield equipment and services. Its revenue is closely tied to upstream oil and gas capital spending, making it sensitive to commodity price cycles and drilling activity levels across global markets.
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Pro Analysis
OIS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 36.5 | 18.9 | 15.0 | 31.6 | 63.4 | 81.2 | +0.1 |
| May 19, 2026 | 36.4 | 18.9 | 15.0 | 31.6 | 63.4 | 80.3 | -0.1 |
| May 14, 2026 | 36.5 | 18.9 | 15.0 | 31.6 | 63.4 | 81.2 | -0.1 |
| May 12, 2026 | 36.6 | 18.9 | 15.0 | 31.6 | 63.5 | 81.9 | +6.8 |
| May 10, 2026 | 29.8 | 0.0 | 15.0 | 31.6 | 36.9 | 94.3 | -5.6 |
| May 7, 2026 | 35.4 | 18.9 | 15.0 | 31.1 | 62.5 | 75.8 | +0.8 |
| May 3, 2026 | 34.6 | 18.9 | 15.0 | 31.1 | 62.5 | 70.4 | -0.1 |
| Apr 26, 2026 | 34.7 | 18.9 | 15.0 | 31.1 | 62.5 | 70.7 | -0.2 |
| Apr 22, 2026 | 34.9 | 18.9 | 15.0 | 31.1 | 62.5 | 72.5 | -2.0 |
| Apr 19, 2026 | 36.9 | 22.2 | 15.0 | 36.6 | 62.5 | 72.5 | +0.4 |
OIS — Pillar Breakdown
Quality
— 18.9/100 (25%)Oil States International, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 31.6/100 (20%)Oil States International, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 63.4/100 (15%)Oil States International, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 82.2/100 (15%)Oil States International, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 15/100 (25%)Oil States International, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OIS.
Score Composition
Financial Data
More Stock Analysis
How is the OIS UQS Score Calculated?
The UQS (Unified Quality Score) for Oil States International, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Oil States International, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Oil States International, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.