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Oil States Intl - OIS STOCK NEWS

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Oil States International, Inc. (OIS) is a key player in the global oil and gas industry, offering an extensive range of products and services tailored to meet the needs of deep water production facilities and subsea pipelines. As a leading manufacturer, Oil States provides engineered capital equipment and consumable products utilized in the drilling, well construction, and production phases of oil and natural gas. The company’s expertise extends beyond manufacturing, encompassing a variety of essential services, including land drilling, completion and production-related rental tools, workforce accommodations, logistics, and the distribution of oil country tubular goods.

Oil States International operates through three primary business segments: Offshore/Manufactured Products, Well Site Services, and Downhole Technologies. The Offshore/Manufactured Products segment generates the majority of the company’s revenue by delivering advanced equipment for offshore oil and gas production. The Well Site Services division supports onshore operations through the provision of high-quality rental tools and well completion services. Meanwhile, the Downhole Technologies segment focuses on innovative solutions for drilling and well intervention.

The company’s client base includes national and international oil and natural gas companies, onshore and offshore drilling firms, and various oilfield service providers. Oil States International also serves the defense and industrial sectors, showcasing the versatility and broad applicability of its product and service offerings.

Recent achievements for Oil States International include strategic partnerships and advancements in technological innovation, enhancing its capabilities and market position. The company continually invests in research and development to optimize its product lineup and service efficiency, ensuring they meet the evolving demands of the energy sector.

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Oil States International, Inc. (OIS) has scheduled its first quarter 2024 earnings conference call for April 26, 2024, at 9:00 a.m. Central Daylight Time. The call will discuss the results for the quarter ended March 31, 2024, expected to be released before the markets open on the same day. Participants can access the webcast on Oil States' website or join by phone. A replay will be available shortly after the call.
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Oil States International, Inc. (NYSE: OIS) reported a net income of $6.0 million, or $0.09 per diluted share, for the fourth quarter of 2023. Consolidated revenues increased by 7% sequentially to $208.3 million, driven by higher offshore and international activity. Adjusted EBITDA rose by 2% sequentially to $24.0 million. The Offshore/Manufactured Products segment saw a significant increase in revenues, backlog, and bookings. The company invested $3.9 million in share repurchases during the quarter and extended the maturity date of their ABL Facility to February 16, 2028.
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Oil States International, Inc. (NYSE:OIS) has scheduled its fourth quarter 2023 earnings conference call for February 20, 2024, at 10:00 a.m. Central Time. The call will discuss the results for the quarter ended December 31, 2023, which are expected to be released before the markets open. Participants can access the webcast on Oil States’ website or join the conference call by phone. A replay will also be available after the call.
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Halliburton and Oil States Industries have announced a strategic collaboration to provide customers with innovative deepwater managed pressure drilling (MPD) solutions. This collaboration aims to improve control and operational efficiencies for offshore drillers by combining Halliburton's services, control systems, digital platform, and training with Oil States' integrated riser joint.
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Oil States International, Inc. reports net income of $4.2 million for Q3 2023, with consolidated revenue increasing 6% sequentially. Offshore/Manufactured Products segment revenue reaches highest level since Q4 2016. Third quarter segment bookings augmented by two contract awards exceeding $15 million each. Generated operating cash flow of $13.6 million.
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Oil States International reschedules its third quarter 2023 earnings conference call
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Oil States International, Inc. to hold Q3 2023 earnings conference call
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Oil States International, Inc. receives contract for its Merlin™ Deepsea Mineral Riser system for seabed mineral harvesting.
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Oil States International, Inc. reports net income of $0.6 million for Q2 2023, with revenues of $183.5 million and Adjusted EBITDA of $19.0 million. Backlog for Offshore/Manufactured Products segment increases to $338 million, highest level since 2015.
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FAQ

What is the current stock price of Oil States Intl (OIS)?

The current stock price of Oil States Intl (OIS) is $5.44 as of February 28, 2025.

What is the market cap of Oil States Intl (OIS)?

The market cap of Oil States Intl (OIS) is approximately 329.8M.

What does Oil States International, Inc. do?

Oil States International provides products and services for the oil and gas industry, including manufacturing equipment for deep water production and subsea pipelines, and offering services like land drilling and workforce accommodations.

What are the main segments of Oil States International?

The company operates through three business segments: Offshore/Manufactured Products, Well Site Services, and Downhole Technologies.

Who are the main clients of Oil States International?

Oil States International serves national and international oil and gas companies, onshore and offshore drilling firms, oilfield services providers, defense, and industrial companies.

What type of products does the company manufacture?

The company manufactures engineered capital equipment and consumable products used in drilling, well construction, and oil and natural gas production.

What services does Oil States International offer?

The company offers land drilling, completion and production-related rental tools, workforce accommodations, logistics, and distribution of oil country tubular goods.

Which segment contributes the most to the company’s revenue?

The Offshore/Manufactured Products segment contributes the most to Oil States International’s revenue.

How does Oil States International support offshore operations?

Oil States supports offshore operations by providing advanced equipment for deep water production facilities and subsea pipelines.

What recent achievements has Oil States International accomplished?

The company has formed strategic partnerships and advanced technological innovations to enhance its capabilities and market position.

Does Oil States International invest in research and development?

Yes, Oil States International invests in research and development to optimize its products and services, meeting the evolving demands of the energy sector.

What other sectors does Oil States International serve besides oil and gas?

In addition to the oil and gas sector, Oil States International also serves the defense and industrial sectors.
Oil States Intl

NYSE:OIS

OIS Rankings

OIS Stock Data

329.80M
57.31M
6.16%
80.53%
2.32%
Oil & Gas Equipment & Services
Oil & Gas Field Machinery & Equipment
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United States
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