Oil States International Revenues Up 0.9% Y-o-Y in Q2 2023
August 10, 2023
🌥️Earnings Overview
OIL STATES INTERNATIONAL ($NYSE:OIS) revealed their total revenue of USD 183.5 million for the quarter ending June 30 2023, a 0.9% increase year-over-year. Net income for the quarter was reported as USD 0.56 million, a 110.9% rise compared to the same quarter of the previous year, with the results released on July 27 2023.
Analysis
GoodWhale’s analysis of OIL STATES INTERNATIONAL’s financials identifies the company as a ‘cheetah’. This is a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. As a result, investors with higher risk tolerance may be interested in this company. OIL STATES INTERNATIONAL has a high health score of 8/10 with regard to its cashflows and debt. This suggests the company is in a strong position to pay off its debt and fund future operations. In terms of key metrics, OIL STATES INTERNATIONAL is strong in asset but medium in profitability and weak in dividend and growth. This combination may affect the decision of investors with different risk attitudes. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OIS. More…
| Total Revenues | Net Income | Net Margin |
| 771.56 | 7.74 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OIS. More…
| Operations | Investing | Financing |
| 81.64 | -26.43 | -35.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OIS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 346.92 | 10.86 |
Key Ratios Snapshot
Some of the financial key ratios for OIS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.8% | -56.8% | 2.6% |
| FCF Margin | ROE | ROA |
| 6.5% | 1.8% | 1.2% |
Peers
– Hunting PLC ($LSE:HTG)
Hunting PLC is a British-based energy services company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 1874 by William Hunting. It is headquartered in London, United Kingdom.
The company provides services to the oil and gas industry, including drilling, completions, production, and decommissioning. It also manufactures and supplies products and equipment for the oil and gas industry, such as wellheads, Christmas trees, and downhole completion tools.
Hunting PLC has a market cap of 413.17M as of 2022. The company has a Return on Equity of -4.09%.
– KLX Energy Services Holdings Inc ($NASDAQ:KLXE)
KLX Energy Services Holdings, Inc. provides completion, intervention, and drilling services to the onshore oil and gas exploration and production industry in North America. The company operates in two segments, Completion and Intervention Services, and Drilling Products and Services. The Completion and Intervention Services segment offers perforation services; pressure control services, including coiled tubing, hydraulic workover, and snubbing services; fishing services; fluid management services; and other completion services. This segment also provides remedial cementing, fluid pumping, and pressure pumping services. The Drilling Products and Services segment offers bottom hole assemblies and related drilling products; onsite support services; and other drilling products and services. The company serves independent oil and gas exploration and production companies, integrated oil and gas companies, and oilfield service companies. KLX Energy Services Holdings, Inc. is headquartered in Humble, Texas.
– Geospace Technologies Corp ($NASDAQ:GEOS)
Geospace Technologies Corporation designs and manufactures products and provides services for the seismic industry. The Company’s products are used in both onshore and offshore oil and gas exploration and production activities. Geospace Technologies Corporation is headquartered in Houston, Texas.
Summary
Oil States International saw an increase in total revenue and net income for the quarter ending June 30 2023, with total revenue of USD 183.5 million and a net income of USD 0.56 million, representing an increase of 0.9% and 110.9%, respectively. However, stock prices dropped on the same day that the results were released. Investors should consider these performance metrics when considering investing in Oil States International as the company may not be able to sustain growth and could face potential volatility in the future.
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