OIS - Oil States International Absorbs Rough Q4 Moves Forward
Oil States International (OIS) is a small, technology-focused, pure-play energy service company that has been currently bargain-priced due to the fourth-quarter 2018 drop in oil prices and consequent drilling (especially Permian) slowdowns just as budget planning for 2019 was being finalized.
From the company’s February 2019 report, it has taken its fourth-quarter 2018 lumps, absorbed two new acquisitions, and is moving forward. With oil prices rising $10/barrel or more since December, U.S. oil exports becoming an ever-larger reality, and with its own range of production technologies, Oil States is well-positioned to assist U.S.