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