Stifel has raised its price target on Oil States International (NYSE:OIS) to $15 from $10 while maintaining a Buy rating, citing the oilfield services company’s recent fourth-quarter 2025 results and its 2026 guidance.
The stock has climbed roughly 164% over the prior 12 months and was trading at $12.53 at the time of the report, just shy of its 52-week high of $12.55. Oil States carries a market capitalization of $748.61 million.
Stifel’s decision to lift the target followed the company’s most recent quarterly performance and its forward-looking commentary for 2026. The firm emphasized that offshore and international operations now make up more than 77% of Oil States’ overall business mix.
Among the specific operational changes Stifel highlighted were the company’s efforts to streamline U.S. land activities and its exits from lower-quality businesses. Those moves were cited as factors in the analyst firm’s assessment of the company’s trajectory.
Stifel also pointed to ongoing orders for Oil States’ OMP product line, noting guidance for a 2026 book-to-bill ratio that is expected to exceed 1.0x. The firm described enhancements in technology products and geographic expansion within the company’s Downhole Technologies segment, and it underscored Oil States’ leverage to offshore and international markets.
The analyst firm characterized the company’s valuation as compelling given its offshore and international exposure. According to the financial data cited by analysts, Oil States is forecast to be profitable in the current year, with earnings projected at $0.53 per share for fiscal 2026.
In its fourth-quarter 2025 results, Oil States reported an adjusted net income of $0.13 per share, beating the anticipated $0.10 per share. Revenue for the period was $178.46 million, a slight shortfall versus the $178.92 million that had been expected.
Despite the modest revenue miss, the company’s emphasis on expanding offshore and international activity, along with product innovation, was noted as having supported the financial outcome and market response. Investors reacted positively after the earnings release, reflecting optimism about the firm’s strategic direction and recent operating developments.
Summary
Stifel raised its price target on Oil States to $15 from $10 and kept a Buy rating following Q4 2025 results and 2026 guidance. The company’s business is now predominantly offshore and international, OMP order momentum is a supporting factor, and the firm reported an EPS beat alongside a slight revenue miss.
Key points
- Analyst action: Stifel raised its target to $15 and maintained a Buy rating based on recent results and guidance.
- Business mix shift: Offshore and international activity comprises over 77% of Oil States’ operations, increasing its exposure to global markets.
- Operational indicators: Continued orders for OMP products with 2026 book-to-bill guidance above 1.0x and improvements in Downhole Technologies were noted.
Risks and uncertainties
- Revenue variance: Fourth-quarter revenue of $178.46 million slightly missed the $178.92 million expectation, indicating near-term topline sensitivity.
- Concentration risk: More than 77% of the business tied to offshore and international markets could amplify exposure to those geographic segments.
- Execution around restructuring: Streamlining U.S. land operations and exiting lower-quality businesses introduces transition risk as the company adjusts its operating mix.