OIS - Oil States International's Upbeat Outlook May Not Coincide With The Market
OIS Searches For The Catalyst
Oil States International (OIS) provides engineered capital equipment and products used in the onshore and offshore energy production and midstream operations. I think the stock will remain subdued in the short-run. However, gradual improvement in the offshore market and higher market share in the downhole technologies can set the stock price higher in the medium-to-long-term.
The company’s backlog has been increasing over the past three quarters, which speaks of the stronger revenue visibility. With increased offshore activity in various international locations, the company’s Offshore/Manufactures segment sales can increase