OIS Can Be Resilient
Going by the stability in the current crude oil price, it seems the U.S. completions activity has reached a trough. The pricing weakness in the oilfield services industry, however, will continue for some time more. Oil States International's (OIS) integrated perforating gun product sales can linger before it takes off. Also, the commercialization of its new completions product line may not effectively materialize before Q4. In the current scenario, I expect the stock to remain subdued in the short-run.
In this background, OIS will try to leverage the