Oil States (OIS) Stock Forecast, Price Target & Predictions

OverviewRevenue Ownership Financials Chart Transcripts

OIS Stock Forecast

Oil States stock forecast is as follows: an average price target of $7.50 (represents a 64.11% upside from OIS’s last price of $4.57) 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 64.11% upside from OIS's last price of $4.57.

OIS Analyst Ratings

Hold

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%	64.11%
Mar 07, 2022	Ian Macpherson	Piper Sandler	$8.00	$7.11	12.52%	75.05%

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 64.11% increase from OIS last price ($4.57).

Oil States Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$7.50
Last Closing Price	$4.57	$4.57	$4.57
Upside/Downside	-100.00%	-100.00%	64.11%

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 $4.57. 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	$173.77M	$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	$193.01M	$184.72M	$176.50M	$163.56M	$181.08M	$192.35M	$192.22M	$190.38M	$224.22M	$192.40M	$211.58M	$205.06M	$208.18M	$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	$176.99M	$169.38M	$161.84M	$151.68M	$166.45M	$191.83M	$176.26M	$190.38M	$203.84M	$184.00M	$194.02M	$188.03M	$190.89M	$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	2	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	2	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	$-19.68M	$-18.83M	$-17.99M	$-16.84M	$-18.57M	$-20.53M	$-19.60M	$13.86M	$-23.10M	$-20.29M	$-21.57M	$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	$-18.91M	$-18.10M	$-17.29M	$-16.21M	$-17.79M	$-20.50M	$-18.83M	$16.64M	$-21.78M	$-19.66M	$-20.73M	$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	$-20.62M	$-19.74M	$-18.86M	$-17.48M	$-19.35M	$-20.55M	$-20.54M	$11.09M	$-23.96M	$-20.56M	$-22.61M	$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 %	-	-	-	-	-	-	-	-	-	-0.86%	-0.88%	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 $-23.10M, with a high of $-21.78M and a low of $-23.96M. This is -232.30% 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	2	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	$4.35M	$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	$8.80M	$7.04M	$5.06M	$1.54M	$4.62M	$4.10M	$2.41M	$-7.21M	$7.68M	$3.26M	$4.12M	$-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	$7.86M	$6.29M	$4.52M	$1.38M	$4.13M	$3.93M	$2.38M	$-10.81M	$3.49M	$1.30M	$3.68M	$-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	2	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	$23.11M	$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	$25.67M	$24.56M	$23.47M	$21.75M	$24.08M	$25.58M	$25.56M	$27.33M	$29.82M	$25.59M	$28.14M	$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	$23.54M	$22.53M	$21.52M	$20.17M	$22.13M	$25.51M	$23.44M	$18.22M	$27.11M	$24.47M	$25.80M	$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	2	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	$0.14	$0.11	$0.08	$0.02	$0.07	$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	$0.13	$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
HLX	Helix Energy Solutions Group	$9.19	$14.00	52.34%	Buy
OIS	Oil States	$4.95	$7.50	51.52%	Hold
NR	Newpark Resources	$7.62	$11.00	44.36%	Buy
CHX	ChampionX	$27.54	$38.33	39.18%	Buy
DNOW	NOW	$13.80	$18.00	30.43%
MRC	MRC Global	$13.18	$16.00	21.40%	Buy
FTI	TechnipFMC	$29.96	$34.50	15.15%	Buy
WHD	Cactus	$61.48	$54.00	-12.17%	Hold
RNGR	Ranger Energy Services	$14.93	$13.00	-12.93%	Hold
OII	Oceaneering	$25.29	$21.00	-16.96%	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 64.11% from its last price of $4.57. 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 64.11% (from the last price of $4.57 to the average price target of $7.5), up by 64.11% based on the highest stock price target, and up by 64.11% 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 $739.64M (high $756.03M, low $724.93M), average EBITDA is $-44.826M (high $-40.481M, low $-49.35M), average net income is $1.75M (high $3.92M, low $-372K), average SG&A $95.82M (high $102.56M, low $89.31M), and average EPS is $0.169 (high $0.175, low $0.164). OIS's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $686.42M (high $717.79M, low $659.89M), average EBITDA is $-73.346M (high $-70.512M, low $-76.698M), average net income is $21.11M (high $22.43M, low $20.04M), average SG&A $91.28M (high $95.45M, low $87.75M), and average EPS is $0.34 (high $0.361, low $0.323).

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, missing the average prediction of $-21.571M by -188.16%. 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%