Oil States International (OIS)
Builds subsea connectors, wellhead systems and downhole tools for offshore oil-and-gas producers worldwide.
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Makes engineered equipment for offshore oil-and-gas production — subsea connectors, wellhead systems and elastomer components — alongside completion and production services and downhole perforation tools, serving producers and drillers across the US, UK, Brazil, Australia and Southeast Asia.
Engineered offshore oil-and-gas equipment forms the largest business line — subsea connectors, riser components, elastomer seals and wellhead systems, plus contract-manufactured parts for defense and industrial customers outside energy. A second segment supplies services used through a well's producing life, such as flowback, well testing and thru-tubing work; a third builds downhole perforation systems and completion tools.
Facilities span the US, UK, Brazil, Australia and Southeast Asia, serving national oil companies, independent producers, offshore drillers and industrial buyers, with no single customer accounting for a large share of revenue.
The offshore-products line books work years ahead of delivery, while the service and downhole lines track drilling activity that swings with the commodity cycle. Roots trace to a 1942 Texas rubber-components operation; the company went public in 2001 and narrowed to three segments after spinning off its workforce-accommodations arm in 2014.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Stifel Nicolaus | Target | Target: $15 | Target: $14 |
| Jul 10, 2026 | Raymond James | Reiterate | Rating: —Target: $14 | Target: $12 |
| May 6, 2026 | Susquehanna | Reiterate | Rating: —Target: $13 | Target: $11 |
| Feb 23, 2026 | Raymond James | Target | Target: — | Target: $14 |
| Feb 23, 2026 | Susquehanna | Reiterate | Rating: —Target: $8 | Target: $13 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $19.8M · Total debt $36.2M · Total assets $839.5M · Shareholders' equity $581.4M
- Revenue
- $132.9M
- Operating income
- −$8.2M
- Net income
- $5.9M
No dividends on record.
| Institutions | ≈ 89.51% | 53.99M shares | |
|---|---|---|---|
| 203 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 4.53% | 2.73M shares | |
| 10 holders · as of Jul 1, 2026 | |||
| Strategic holders | 4.51% | 2.72M shares | |
| 1 holder · as of Feb 5, 2018 | |||
| Other | ≈ 1.45% | 876.6K shares | |
| remainder | |||
60.32M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.30% | 6.82M | as of Jun 30, 2026 |
Palisade Capital Management, L.L.C.Institution | 5.22% | 3.15M | filed Aug 16, 2021 |
Dimensional Fund Advisors LPInstitution | 4.98% | 3.01M | as of Jun 30, 2026 |
Franklin Advisory Services, LLCStrategic | 4.51% | 2.72M | filed Feb 5, 2018 |
Vanguard Capital Management LLCInstitution | 4.01% | 2.42M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 31, 2026 | Darrell E. Hollek | director | −42,511 | $11.61 |
| Dec 16, 2025 | Cindy B. Taylor | director, officer: President & CEO | −14,760 | $6.75 |
- TechnipFMC
Rivals in subsea trees, risers, and integrated subsea-to-surface delivery
- NOV
Head-to-head in subsea BOPs, wellhead connectors, and riser systems
- Baker Hughes
Dual-front rival in subsea trees/connectors and downhole perforating tools
- SLB
Overlaps via OneSubsea wellheads and wireline perforating/intervention tools
- Innovex International
Closest-scale peer across subsea wellheads and downhole completion tools
- Tenaris (ADR)
Competes in premium tubular connections and deepwater wellhead hardware
- Forum Energy Technologies
Mid-cap peer spanning valves, frac plugs, coiled tubing, and wireline
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Oil States International | $8.28 | −0.36% | $500.2M | — | 14.9 | 0.8 | −5.3% |
| TechnipFMC | $71.10 | −0.29% | $27.97B | 24.8 | 20.8 | 2.7 | +9.0% |
| NOV | $20.38 | +1.12% | $7.18B | 77.5 | 19.1 | 0.8 | −2.5% |
| Baker Hughes | $56.84 | −1.72% | $57.41B | 18.6 | 21.2 | 2.1 | −2.4% |
| SLB | $52.29 | +1.02% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Innovex International | $27.92 | +2.16% | $1.91B | 30.7 | 17.0 | 1.9 | +9.2% |
| Tenaris (ADR) | $55.73 | −0.43% | $30.03B | 15.3 | 14.5 | 2.5 | −5.1% |
| Forum Energy Technologies | $81.53 | +0.83% | $914.1M | — | 17.1 | 1.1 | +13.2% |
| Median | 25.0 | 18.4 | 2.1 | +5.0% |