Should I Buy OIS? OIS 2026 Analysis

Should You Buy Oil States International Inc (OIS) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

9.100

1 Day change

6.18%

52 Week Range

9.190

Analysis Updated At

2026/02/05

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Not a good buy right now for an impatient buyer: near-term downside odds are elevated (pattern study projects -6.49% next day / -8.01% next week).
Trend is mixed: longer-term moving averages are bullish, but momentum (MACD) is turning down while price is weak today (-4.43% vs S&P 500 -1.37%).
Positive company catalysts (liquidity, debt retirement, guided Q4 growth) are real, but they’re likely to be re-priced around earnings (2026-02-18 pre-market), making “buy now” less attractive.
Best stance today: Hold/avoid new entries until price either reclaims resistance (~~$8.97) with improving momentum or dips closer to stronger support (~~$7.98).

Technical Analysis

Current price: $8.50; trading near pivot support (Pivot $8.472), so the next move is likely decisive.
Moving averages: Bullish alignment (SMA_5 > SMA_20 > SMA_200) supports an uptrend framework.
Momentum: MACD histogram -0.0188 and negatively expanding → bearish momentum is building despite bullish MA structure.
RSI(6): 49.6 (neutral) → no oversold edge to justify an impatient buy-the-dip.
Levels: Resistance R1 $8.968 then R2 $9.275; Support S1 $7.975 then S2 $7.668.
Quant/pattern read-through: 80% chance of additional near-term drawdown (next day/week), with a more favorable 1-month skew (+19.82%), implying timing matters.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning is extremely call-heavy: put/call OI ratio 0.04 (956 call OI vs 43 put OI) and put volume effectively zero → bullish/speculative sentiment.
Volatility: IV 30D 75.06 vs historical vol 34.58 → options are pricing large moves; premium is expensive.
Activity spike: today’s volume 183 vs 30D avg (today vs avg +425.58%) → heightened interest, but not necessarily “smart money” confirmation.
Interpretation: sentiment is bullish, but the elevated IV suggests the market expects turbulence (often around catalysts like earnings), which aligns with “don’t chase today.”

Technical Summary

Sell

Buy

Positive Catalysts

- Balance sheet/liquidity catalyst: new $125M credit agreement improves flexibility and perceived financial risk.
- Deleveraging catalyst: repurchased $50M convertible notes in Q4 2025; plan to retire remaining debt (supports equity story).
- Liquidity position: ~$70M cash and no outstanding borrowings (per news summary).
- Business momentum: guided Q4 2025 revenue growth +8% to +13% driven by offshore bookings.
- Upcoming event: QDEC 2025 earnings on 2026-02-18 pre-market (can re-rate the stock if guidance/earnings beat).

Neutral/Negative Catalysts

- Near-term technical risk: bearish MACD expansion + weak tape today increases odds of retesting support ($7.98 / $7.67).
- Fund flows: Hedge funds are selling aggressively (selling amount +54,597.73% QoQ) → notable headwind.
- Fundamental trend (latest reported quarter): Q3 2025 revenue -5.26% YoY and profitability deterioration (net income and EPS down sharply) signals uneven operating momentum.
- Elevated implied volatility (75%) implies the market expects sharp moves; for a buyer “right now,” the odds of buying into a downdraft are higher.
- No supportive signal from Intellectia modules today (no forced edge to act immediately).

Financial Performance

Latest quarter provided: 2025/Q3.
Revenue: $165.18M, down -5.26% YoY → top-line contraction.
Profitability: Net income $1.9M, down -113.24% YoY; EPS $0.03, down -113.04% YoY → earnings power weakened materially.
Margin: Gross margin 14.78%, up 6.79% YoY → some operational improvement, but not yet translating into stronger bottom-line results.
Near-term setup: company expects Q4 2025 revenue growth (+8% to +13%), which—if delivered—could mark an inflection, but that confirmation is pending the 2026-02-18 earnings release.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Most recent update (2026-01-07): Susquehanna raised price target to $8 from $6.50 and maintained Neutral.
Trend summary: price target moved up (incremental bullishness), but rating stayed Neutral (not a conviction buy call).
Wall Street pros: improving activity expectations (rig/frac counts “held in better”), offshore bookings tailwind, better balance-sheet flexibility.
Wall Street cons: still not compelling enough for an upgrade; the Neutral stance suggests upside may be capped unless earnings/guidance materially improves.
Politicians/Influential trading: no recent congress trading data available; insiders neutral with no significant recent trend.

2 Analyst Rating

Wall Street analysts forecast OIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OIS is 9 USD with a low forecast of 8 USD and a high forecast of 10 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

Current: 8.570

Low

Averages

High

Current: 8.570

Low

Averages

High

Susquehanna

Neutral

maintain

AI Analysis

2026-01-07

Reason

Susquehanna

Price Target

AI Analysis

2026-01-07

maintain

Neutral

Reason

Susquehanna raised the firm's price target on Oil States to $8 from $6.50 and keeps a Neutral rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity "appears to have held in better than most were expecting," the analyst tells investors in a group preview.

Susquehanna

Neutral

maintain

2025-11-03

Reason

Susquehanna

Price Target

2025-11-03

maintain

Neutral

Reason

Susquehanna raised the firm's price target on Oil States to $6.50 from $5.50 and keeps a Neutral rating on the shares. The firm updated its model following Q3 earnings as the company continues to execute quite well in a challenging oilfield services spending environment, with strong order flow in OMP and cost rationalization efforts to improve margins in the slower environment.

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OIS Should I Buy

OIS Should I Buy

Should You Buy Oil States International Inc (OIS) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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