Oil States International, Inc. (OIS)

Over the past six months, Oil States International's stock has experienced fluctuations. In early May 2026, the stock had increased by 27.9% since the beginning of 2026, but decreased by 22.46% in the past month. The Q1 2026 earnings report showed the company beating EPS estimates but missing revenue estimates, leading to a stock decline. Geopolitical tensions and seasonal factors contributed to revenue and EBITDA declines. The company has seen a strategic shift in its revenue mix, with offshore and international projects accounting for a larger percentage of revenues. After the quarter-end, the company retired the remaining $53 million principal amount of its convertible senior notes.

Demand for Oil States International's products and services is subject to seasonal factors. Seasonal factors contributed to a sequential decline in revenues and EBITDA in the first quarter of 2026.

Oil States International, Inc. is a global provider of manufactured products and services primarily to the oil and natural gas industry, with additional customers in the industrial and military sectors. The company operates within the Oil and Gas Field Machinery and Equipment Manufacturing industry and is structured around three primary segments: Offshore Manufactured Products, Completion and Production Services, and Downhole Technologies. The Offshore Manufactured Products segment designs, manufactures, and markets equipment and systems used in offshore oil and natural gas production. The Completion and Production Services segment provides equipment and services to establish and maintain the flow of oil and natural gas from a well throughout its lifecycle. The Downhole Technologies segment focuses on providing oil and gas perforation systems and downhole tools.

Oil States International has a diverse global geographic footprint, with manufacturing facilities, service centers, and rental depots strategically located in key oilfield regions across North America, Latin America, Europe, the Middle East, and Asia-Pacific. The company maintains over 25 locations in twelve countries worldwide.

In the past year, Oil States International has received positive recognition for its technological advancements. In March 2026, the company was honored with the Spotlight on New Technology® Award for its GeoLok™ Geothermal Wellhead and Drill Ahead Tool, highlighting the company's commitment to advancing the production of affordable and reliable energy.

Oil States International's ownership is heavily dominated by institutional investors, who collectively held between 85.01% and 86.11% of the company's shares as of the first half of 2025. Major institutional owners include BlackRock Inc., Vanguard Group Inc., and Dimensional Fund Advisors LP. The largest individual shareholder is Jana Partners LLC. Insiders held a smaller portion of the company's shares.