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OIS - Oil States International's Backlog Grows But The Stock Lacks Any Clear Upside
Oil States International Inc.
OIS Lacks A Catalyst In The Short Term
Oil States International (OIS) provides engineered capital equipment and products used in the onshore and offshore energy production and midstream operations. Investors are unlikely to see a quick turnaround from the stock in the short run. However, if the energy environment continues to strengthen, OIS can position itself in a firm footing for a robust recovery.
Many estimates suggest an upturn in the offshore market is ensuing, which reflected in OIS’s bulging backlog in Q1. Once the company’s integrated perforation gun system becomes operational after