Oil States (OIS) Stock Forecast, Price Target & Predictions
OIS Stock Forecast
Oil States stock forecast is as follows: an average price target of $7.50 (represents a 58.90% upside from OIS’s last price of $4.72) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
OIS Price Target
The average price target for Oil States (OIS) is $7.50 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $7.50 to $7.50. This represents a potential 58.90% upside from OIS's last price of $4.72.
OIS Analyst Ratings
According to 2 Wall Street analysts, Oil States's rating consensus is 'Hold'. The analyst rating breakdown for OIS stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Oil States Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 06, 2024 | Luke Lemoine | Piper Sandler | $7.50 | $4.32 | 73.61% | 58.90% |
| Mar 07, 2022 | Ian Macpherson | Piper Sandler | $8.00 | $7.11 | 12.52% | 69.49% |
The latest Oil States stock forecast, released on May 06, 2024 by Luke Lemoine from Piper Sandler, set a price target of $7.50, which represents a 73.61% increase from the stock price at the time of the forecast ($4.32), and a 58.90% increase from OIS last price ($4.72).
Oil States Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $7.50 |
| Last Closing Price | $4.72 | $4.72 | $4.72 |
| Upside/Downside | -100.00% | -100.00% | 58.90% |
In the current month, the average price target of Oil States stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Oil States's last price of $4.72. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 30, 2024 | Susquehanna | Neutral | Neutral | Hold |
| May 06, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 30, 2024 | Susquehanna | Buy | Buy | Hold |
| Mar 07, 2022 | Piper Sandler | - | Sector Overweight | Upgrade |
Oil States's last stock rating was published by Susquehanna on Jul 30, 2024. The company gave OIS a "Neutral" rating, the same as its previous rate.
Oil States Financial Forecast
Oil States Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $183.53M | $196.20M | $202.43M | $189.39M | $181.83M | $164.04M | $161.32M | $140.53M | $145.72M | $125.59M | $137.38M | $134.76M | $146.25M | $219.69M | $238.36M | $263.70M | $264.69M | $250.61M | $253.58M | $151.47M |
| Avg Forecast | $184.15M | $176.24M | $168.40M | $157.62M | $182.13M | $192.09M | $183.40M | $190.38M | $216.22M | $189.85M | $201.88M | $195.65M | $198.63M | $190.25M | $176.30M | $159.52M | $161.12M | $152.96M | $145.97M | $141.68M | $141.13M | $142.25M | $153.53M | $228.18M | $237.76M | $266.17M | $273.82M | $245.23M | $3.80B | $120.31M |
| High Forecast | $197.20M | $188.73M | $180.33M | $163.56M | $189.79M | $192.35M | $196.40M | $190.38M | $224.22M | $192.40M | $216.18M | $209.52M | $212.70M | $190.25M | $176.30M | $159.52M | $161.12M | $152.96M | $145.97M | $141.68M | $141.13M | $142.25M | $153.53M | $228.18M | $237.76M | $266.17M | $273.82M | $245.23M | $4.56B | $144.37M |
| Low Forecast | $174.64M | $167.14M | $159.70M | $151.68M | $174.45M | $191.83M | $173.93M | $190.38M | $203.84M | $184.00M | $191.45M | $185.55M | $188.37M | $190.25M | $176.30M | $159.52M | $161.12M | $152.96M | $145.97M | $141.68M | $141.13M | $142.25M | $153.53M | $228.18M | $237.76M | $266.17M | $273.82M | $245.23M | $3.04B | $96.25M |
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.00% | 1.02% | 1.00% | 1.03% | 1.03% | 1.00% | 0.92% | 1.00% | 0.89% | 0.97% | 0.95% | 0.95% | 0.96% | 1.00% | 0.99% | 0.97% | 1.02% | 0.07% | 1.26% |
Oil States's average Quarter revenue forecast for Sep 23 based on 5 analysts is $189.85M, with a low forecast of $184.00M, and a high forecast of $192.40M. OIS's average Quarter revenue forecast represents a 3.45% increase compared to the company's last Quarter revenue of $183.53M (Jun 23).
Oil States EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | $17.46M | $19.02M | $21.41M | $20.56M | $21.96M | $-714.00K | $14.51M | $1.25M | $5.66M | $5.11M | $5.72M | $-4.37M | $155.00K | $-2.69M | $-414.62M | $-145.03M | $-2.35M | $26.50M | $21.42M | $29.00M | $4.74M |
| Avg Forecast | $12.51M | $11.97M | $11.44M | $10.71M | $12.37M | $13.05M | $12.46M | $13.86M | $14.69M | $12.90M | $13.71M | $12.60M | $1.15M | $12.92M | $11.98M | $9.96M | $10.95M | $10.39M | $9.92M | $6.13M | $9.59M | $9.66M | $10.43M | $-539.00M | $16.15M | $18.08M | $18.60M | $25.25M | $50.46M | $3.51M |
| High Forecast | $13.40M | $12.82M | $12.25M | $11.11M | $12.89M | $13.07M | $13.34M | $16.64M | $15.23M | $13.07M | $14.69M | $15.12M | $1.38M | $12.92M | $11.98M | $11.96M | $10.95M | $10.39M | $9.92M | $7.35M | $9.59M | $9.66M | $10.43M | $-431.20M | $16.15M | $18.08M | $18.60M | $30.30M | $60.56M | $4.21M |
| Low Forecast | $11.86M | $11.36M | $10.85M | $10.30M | $11.85M | $13.03M | $11.82M | $11.09M | $13.85M | $12.50M | $13.01M | $10.08M | $917.40K | $12.92M | $11.98M | $7.97M | $10.95M | $10.39M | $9.92M | $4.90M | $9.59M | $9.66M | $10.43M | $-646.81M | $16.15M | $18.08M | $18.60M | $20.20M | $40.37M | $2.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.35% | 1.39% | 1.70% | 17.93% | 1.70% | -0.06% | 1.46% | 0.11% | 0.54% | 0.52% | 0.93% | -0.46% | 0.02% | -0.26% | 0.77% | -8.98% | -0.13% | 1.42% | 0.85% | 0.57% | 1.35% |
3 analysts predict OIS's average Quarter EBITDA for Dec 23 to be $14.69M, with a high of $15.23M and a low of $13.85M. This is -15.89% lower than Oil States's previous annual EBITDA (Sep 23) of $17.46M.
Oil States Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | $4.21M | $558.00K | $2.16M | $2.88M | $2.14M | $-5.14M | $-9.42M | $-19.87M | $-13.04M | $-15.27M | $-15.81M | $-18.75M | $-19.97M | $-24.63M | $-405.04M | $-175.55M | $-31.87M | $-9.74M | $-14.65M | $-3.49M | $-17.68M |
| Avg Forecast | $8.28M | $6.62M | $4.76M | $1.45M | $4.66M | $4.02M | $2.39M | $-9.01M | $5.59M | $2.61M | $3.88M | $-8.19M | $-18.21M | $627.04K | $-3.76M | $-6.47M | $-8.05M | $-9.15M | $-10.99M | $-16.94M | $-19.29M | $-23.30M | $-29.66M | $-526.55M | $-11.71M | $-6.34M | $-7.32M | $-17.26M | $-6.08M | $-13.09M |
| High Forecast | $9.04M | $7.23M | $5.20M | $1.58M | $5.09M | $4.10M | $2.41M | $-7.21M | $7.68M | $3.26M | $4.24M | $-6.55M | $-14.57M | $627.04K | $-3.76M | $-5.18M | $-8.05M | $-9.15M | $-10.99M | $-13.55M | $-19.29M | $-23.30M | $-29.66M | $-421.24M | $-11.71M | $-6.34M | $-7.32M | $-13.81M | $-4.86M | $-10.48M |
| Low Forecast | $7.72M | $6.18M | $4.44M | $1.35M | $4.34M | $3.93M | $2.38M | $-10.81M | $3.49M | $1.30M | $3.62M | $-9.83M | $-21.86M | $627.04K | $-3.76M | $-7.77M | $-8.05M | $-9.15M | $-10.99M | $-20.33M | $-19.29M | $-23.30M | $-29.66M | $-631.86M | $-11.71M | $-6.34M | $-7.32M | $-20.72M | $-7.29M | $-15.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.62% | 0.14% | -0.26% | -0.16% | 3.42% | 1.37% | 1.46% | 2.47% | 1.42% | 1.39% | 0.93% | 0.97% | 0.86% | 0.83% | 0.77% | 14.99% | 5.03% | 1.33% | 0.85% | 0.57% | 1.35% |
Oil States's average Quarter net income forecast for Dec 23 is $5.59M, with a range of $3.49M to $7.68M. OIS's average Quarter net income forecast represents a 32.66% increase compared to the company's last Quarter net income of $4.21M (Sep 23).
Oil States SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | $24.24M | $23.53M | $24.02M | $25.07M | $23.37M | $23.76M | $23.83M | $20.30M | $20.08M | $22.09M | $21.23M | $22.60M | $21.39M | $23.99M | $52.64M | $55.89M | $63.82M | $62.97M | $61.57M | $64.60M | $55.88M |
| Avg Forecast | $24.49M | $23.44M | $22.39M | $20.96M | $24.22M | $25.54M | $24.39M | $22.78M | $28.75M | $25.25M | $26.85M | $20.71M | $18.61M | $25.30M | $23.44M | $16.37M | $21.43M | $20.34M | $19.41M | $22.74M | $18.77M | $18.92M | $20.42M | $68.43M | $31.62M | $35.40M | $36.41M | $72.57M | $112.40M | $41.39M |
| High Forecast | $26.22M | $25.10M | $23.98M | $21.75M | $25.24M | $25.58M | $26.12M | $27.33M | $29.82M | $25.59M | $28.75M | $24.85M | $22.33M | $25.30M | $23.44M | $19.64M | $21.43M | $20.34M | $19.41M | $27.29M | $18.77M | $18.92M | $20.42M | $82.12M | $31.62M | $35.40M | $36.41M | $87.08M | $134.88M | $49.67M |
| Low Forecast | $23.22M | $22.23M | $21.24M | $20.17M | $23.20M | $25.51M | $23.13M | $18.22M | $27.11M | $24.47M | $25.46M | $16.57M | $14.88M | $25.30M | $23.44M | $13.10M | $21.43M | $20.34M | $19.41M | $18.19M | $18.77M | $18.92M | $20.42M | $54.75M | $31.62M | $35.40M | $36.41M | $58.05M | $89.92M | $33.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.96% | 0.88% | 1.16% | 1.35% | 0.92% | 1.01% | 1.46% | 0.95% | 0.99% | 1.14% | 0.93% | 1.20% | 1.13% | 1.18% | 0.77% | 1.77% | 1.80% | 1.73% | 0.85% | 0.57% | 1.35% |
Oil States's average Quarter SG&A projection for Dec 23 is $28.75M, based on 3 Wall Street analysts, with a range of $27.11M to $29.82M. The forecast indicates a 18.62% rise compared to OIS last annual SG&A of $24.24M (Sep 23).
Oil States EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 3 | 4 | 7 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | $0.07 | $0.01 | $0.03 | $0.05 | $0.03 | $-0.08 | $-0.16 | $-0.33 | $-0.22 | $-0.25 | $-0.26 | $-0.31 | $-0.33 | $-0.41 | $-6.79 | $-2.95 | $-0.54 | $-0.16 | $-0.25 | $-0.06 | $-0.35 |
| Avg Forecast | $0.13 | $0.11 | $0.08 | $0.02 | $0.07 | $0.06 | $0.04 | $-0.00 | $0.09 | $0.04 | $0.06 | $0.03 | $0.04 | $0.01 | $-0.06 | $-0.13 | $-0.13 | $-0.15 | $-0.18 | $-0.27 | $-0.31 | $-0.37 | $-0.47 | $-0.21 | $-0.19 | $-0.10 | $-0.12 | $-0.28 | $-0.26 | $-0.20 |
| High Forecast | $0.15 | $0.12 | $0.08 | $0.03 | $0.08 | $0.07 | $0.04 | $-0.00 | $0.12 | $0.05 | $0.07 | $0.03 | $0.05 | $0.01 | $-0.06 | $-0.13 | $-0.13 | $-0.15 | $-0.18 | $-0.27 | $-0.31 | $-0.37 | $-0.47 | $-0.21 | $-0.19 | $-0.10 | $-0.12 | $-0.28 | $-0.21 | $-0.16 |
| Low Forecast | $0.12 | $0.10 | $0.07 | $0.02 | $0.07 | $0.06 | $0.04 | $-0.00 | $0.06 | $0.02 | $0.06 | $0.02 | $0.04 | $0.01 | $-0.06 | $-0.13 | $-0.13 | $-0.15 | $-0.18 | $-0.27 | $-0.31 | $-0.37 | $-0.47 | $-0.21 | $-0.19 | $-0.10 | $-0.12 | $-0.28 | $-0.31 | $-0.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.60% | 0.16% | 1.20% | 1.18% | 3.00% | 1.41% | 1.19% | 2.57% | 1.51% | 1.43% | 0.96% | 1.01% | 0.89% | 0.87% | 32.11% | 15.79% | 5.34% | 1.37% | 0.88% | 0.23% | 1.75% |
According to 3 Wall Street analysts, Oil States's projected average Quarter EPS for Dec 23 is $0.09, with a low estimate of $0.06 and a high estimate of $0.12. This represents a 33.93% increase compared to OIS previous annual EPS of $0.07 (Sep 23).
Oil States Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NR | Newpark Resources | $6.57 | $11.00 | 67.43% | Buy |
| OIS | Oil States | $4.72 | $7.50 | 58.90% | Hold |
| HLX | Helix Energy Solutions Group | $9.22 | $14.00 | 51.84% | Buy |
| DNOW | NOW | $11.87 | $18.00 | 51.64% | - |
| CHX | ChampionX | $28.43 | $38.33 | 34.82% | Buy |
| MRC | MRC Global | $12.20 | $16.00 | 31.15% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| FTI | TechnipFMC | $26.39 | $26.18 | -0.80% | Buy |
| RNGR | Ranger Energy Services | $13.76 | $12.50 | -9.16% | Hold |
| WHD | Cactus | $61.36 | $54.00 | -11.99% | Hold |
| OII | Oceaneering | $25.45 | $21.00 | -17.49% | Buy |
OIS Forecast FAQ
Is Oil States a good buy?
No, according to 2 Wall Street analysts, Oil States (OIS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of OIS's total ratings.
What is OIS's price target?
Oil States (OIS) average price target is $7.5 with a range of $7.5 to $7.5, implying a 58.90% from its last price of $4.72. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Oil States stock go up soon?
According to Wall Street analysts' prediction for OIS stock, the company can go up by 58.90% (from the last price of $4.72 to the average price target of $7.5), up by 58.90% based on the highest stock price target, and up by 58.90% based on the lowest stock price target.
Can Oil States stock reach $7?
OIS's average twelve months analyst stock price target of $7.5 supports the claim that Oil States can reach $7 in the near future.
What are Oil States's analysts' financial forecasts?
Oil States's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $748M (high $768.92M, low $730.6M), average EBITDA is $51.75M (high $55.94M, low $47.79M), average net income is $2.06M (high $4.39M, low $-154K), average SG&A $96.93M (high $104.27M, low $90.06M), and average EPS is $0.174 (high $0.183, low $0.167). OIS's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $686.42M (high $729.83M, low $653.17M), average EBITDA is $46.63M (high $49.58M, low $44.37M), average net income is $21.11M (high $23.05M, low $19.69M), average SG&A $91.28M (high $97.06M, low $86.86M), and average EPS is $0.34 (high $0.371, low $0.317).
Did the OIS's actual financial results beat the analysts' financial forecasts?
Based on Oil States's last annual report (Dec 2022), the company's revenue was $737.71M, beating the average analysts forecast of $724.7M by 1.80%. Apple's EBITDA was $73.55M, beating the average prediction of $36.01M by 104.24%. The company's net income was $-9.54M, missing the average estimation of $-27.822M by -65.71%. Apple's SG&A was $96.04M, beating the average forecast of $83.72M by 14.71%. Lastly, the company's EPS was $-0.15, beating the average prediction of $-0.142 by 6.01%. In terms of the last quarterly report (Jun 2023), Oil States's revenue was $183.53M, missing the average analysts' forecast of $201.88M by -9.09%. The company's EBITDA was $19.02M, beating the average prediction of $13.71M by 38.65%. Oil States's net income was $558K, missing the average estimation of $3.88M by -85.62%. The company's SG&A was $23.53M, missing the average forecast of $26.85M by -12.36%. Lastly, the company's EPS was $0.01, missing the average prediction of $0.0625 by -84.00%