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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.62
OIS's Cash to Debt is ranked higher than
74% of the 442 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.41 vs. OIS: 0.62 )
OIS' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.62

Equity to Asset 0.64
OIS's Equity to Asset is ranked higher than
84% of the 437 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.52 vs. OIS: 0.64 )
OIS' s 10-Year Equity to Asset Range
Min: 0.15   Max: 0.72
Current: 0.64

0.15
0.72
Interest Coverage 6.75
OIS's Interest Coverage is ranked higher than
66% of the 309 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 12.54 vs. OIS: 6.75 )
OIS' s 10-Year Interest Coverage Range
Min: 1.04   Max: 9999.99
Current: 6.75

1.04
9999.99
F-Score: 6
Z-Score: 4.32
M-Score: -2.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 19.19
OIS's Operating margin (%) is ranked higher than
87% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.81 vs. OIS: 19.19 )
OIS' s 10-Year Operating margin (%) Range
Min: 5   Max: 23.19
Current: 19.19

5
23.19
Net-margin (%) 15.78
OIS's Net-margin (%) is ranked higher than
90% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.57 vs. OIS: 15.78 )
OIS' s 10-Year Net-margin (%) Range
Min: -5.35   Max: 17.05
Current: 15.78

-5.35
17.05
ROE (%) 16.06
OIS's ROE (%) is ranked higher than
90% of the 447 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 8.33 vs. OIS: 16.06 )
OIS' s 10-Year ROE (%) Range
Min: -24.43   Max: 23.53
Current: 16.06

-24.43
23.53
ROA (%) 10.20
OIS's ROA (%) is ranked higher than
91% of the 451 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.25 vs. OIS: 10.20 )
OIS' s 10-Year ROA (%) Range
Min: -4.02   Max: 12.58
Current: 10.2

-4.02
12.58
ROC (Joel Greenblatt) (%) 20.86
OIS's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 452 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 13.09 vs. OIS: 20.86 )
OIS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 7.41   Max: 35.44
Current: 20.86

7.41
35.44
Revenue Growth (%) 1.80
OIS's Revenue Growth (%) is ranked higher than
68% of the 378 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.00 vs. OIS: 1.80 )
OIS' s 10-Year Revenue Growth (%) Range
Min: -3.1   Max: 37.1
Current: 1.8

-3.1
37.1
EBITDA Growth (%) 25.50
OIS's EBITDA Growth (%) is ranked higher than
89% of the 335 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.20 vs. OIS: 25.50 )
OIS' s 10-Year EBITDA Growth (%) Range
Min: -13.8   Max: 56.9
Current: 25.5

-13.8
56.9
EPS Growth (%) 20.80
OIS's EPS Growth (%) is ranked higher than
90% of the 288 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.70 vs. OIS: 20.80 )
OIS' s 10-Year EPS Growth (%) Range
Min: -32.8   Max: 182.3
Current: 20.8

-32.8
182.3
» OIS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

OIS Guru Trades in Q1 2013

Jeremy Grantham 3,500 sh (New)
David Dreman 82,572 sh (New)
David Einhorn 2,700,000 sh (New)
Pioneer Investments 369,770 sh (+477.77%)
Jim Simons 374,000 sh (+19.57%)
RS Investment Management 46,300 sh (+1.03%)
Paul Tudor Jones Sold Out
John Burbank Sold Out
Chuck Royce 2,797,894 sh (-7.44%)
Ron Baron 217,568 sh (-20.26%)
Columbia Wanger 145,000 sh (-33.18%)
Steven Cohen 7,404 sh (-77.42%)
» More
Q2 2013

OIS Guru Trades in Q2 2013

John Keeley 80,710 sh (New)
Eric Mindich 348,011 sh (New)
Ray Dalio 5,900 sh (New)
Jim Simons 721,200 sh (+92.83%)
Jeremy Grantham 3,600 sh (+2.86%)
David Einhorn 2,700,000 sh (unchged)
Columbia Wanger Sold Out
RS Investment Management Sold Out
David Dreman 80,161 sh (-2.92%)
Steven Cohen 6,285 sh (-15.11%)
Ron Baron 159,343 sh (-26.76%)
Chuck Royce 1,997,753 sh (-28.6%)
Pioneer Investments 257,000 sh (-30.5%)
» More
Q3 2013

OIS Guru Trades in Q3 2013

Joel Greenblatt 2,487 sh (New)
John Keeley 127,370 sh (+57.81%)
Jeremy Grantham 4,800 sh (+33.33%)
David Einhorn 2,750,000 sh (+1.85%)
Pioneer Investments Sold Out
Eric Mindich Sold Out
Steven Cohen Sold Out
Ron Baron 158,481 sh (-0.54%)
Chuck Royce 1,671,351 sh (-16.34%)
Ray Dalio 4,800 sh (-18.64%)
Jim Simons 495,800 sh (-31.25%)
David Dreman 1,068 sh (-98.67%)
» More
Q4 2013

OIS Guru Trades in Q4 2013

Steven Cohen 18,466 sh (New)
Joel Greenblatt 6,269 sh (+152.07%)
Ray Dalio 7,009 sh (+46.02%)
Jeremy Grantham 5,300 sh (+10.42%)
Jim Simons 512,600 sh (+3.39%)
John Keeley 130,340 sh (+2.33%)
Ron Baron 161,881 sh (+2.15%)
David Einhorn 2,750,000 sh (unchged)
Chuck Royce 1,344,603 sh (-19.55%)
David Dreman 240 sh (-77.53%)
» More
» Details

Insider Trades

Latest Guru Trades with OIS

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
David Dreman 2013-12-31 Reduce -77.53%0.01%$98.99 - $109.52 $ 96.18-8%240
Joel Greenblatt 2013-12-31 Add 152.07%0.01%$98.99 - $109.52 $ 96.18-8%6269
Ray Dalio 2013-12-31 Add 46.02%$98.99 - $109.52 $ 96.18-8%7009
David Dreman 2013-09-30 Reduce -98.67%0.24%$89.22 - $105.58 $ 96.181%1068
John Keeley 2013-09-30 Add 57.81%0.09%$89.22 - $105.58 $ 96.181%127370
Joel Greenblatt 2013-09-30 New Buy0.01%$89.22 - $105.58 $ 96.181%2487
John Keeley 2013-06-30 New Buy0.15%$72.83 - $103.01 $ 96.188%80710
Ron Baron 2013-06-30 Reduce -26.76%0.03%$72.83 - $103.01 $ 96.188%159343
Ray Dalio 2013-06-30 New Buy$72.83 - $103.01 $ 96.188%5900
John Burbank 2013-03-31 Sold Out 0.36%$71.54 - $82.61 $ 96.1824%0
David Dreman 2013-03-31 New Buy0.18%$71.54 - $82.61 $ 96.1824%82572
Ron Baron 2013-03-31 Reduce -20.26%0.02%$71.54 - $82.61 $ 96.1824%217568
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Oil States International, Inc.

David Einhorn Comments on Oil States International - May 13, 2013

We initiated a long position in Oil States International (OIS), a solutions provider for the oil and gas industry, at an average price of $77.16 per share. OIS has four business segments: Well Site Services, Tubular Services, Offshore Products, and Accommodations.

We believe that the company trades at a significant discount to the sum of its parts. Though the shares trade at slightly less than 7x 2013 EBITDA (a multiple typically associated with its lower multiple businesses), the majority of its profits come from Accommodations, which is a high-growth, high return-on-capital segment that deserves a much higher valuation. At 8.6x 2013 EBITDA, an appropriate multiple given a sum of the parts analysis of OIS’s business mix and where comparable companies trade, OIS would be worth close to $120 per share. We believe that OIS could unlock significant shareholder value by converting the Accommodations unit into a REIT and separating it from the rest of the company; if completed, it would suggest a valuation of $155 per share.

From David Einhorn's 2013 first quarter investor letter.
Check out David Einhorn latest stock trades

Top Ranked Articles about Oil States International, Inc.

The Midas Touch - Chuck Royce Second Quarter Sells
Some of Chuck Royce’s remarkable trading histories evoke the myth of King Midas whose touch turned everything to gold. Read more...
David Einhorn's Top New Buys Still Appear Undervalued
We can’t say for sure what David Einhorn’s exact analysis process is, but some of his largest adds of the first quarter still appear undervalued. Einhorn’s Greenlight Capital hedge fund rose 8.8% this year through May 31, 2013 compared to 10% for the S&P 500, and most of his new purchases of the first quarter have appreciated modestly. Given what a proven stock picker Einhorn is, the holdings could still have more room to increase. Read more...
David Einhorn Comments on Oil States International
We initiated a long position in Oil States International (OIS), a solutions provider for the oil and gas industry, at an average price of $77.16 per share. OIS has four business segments: Well Site Services, Tubular Services, Offshore Products, and Accommodations. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 12.60
OIS's P/E(ttm) is ranked higher than
82% of the 341 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 17.50 vs. OIS: 12.60 )
OIS' s 10-Year P/E(ttm) Range
Min: 2.87   Max: 77.39
Current: 12.6

2.87
77.39
P/B 2.00
OIS's P/B is ranked higher than
57% of the 433 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.60 vs. OIS: 2.00 )
OIS' s 10-Year P/B Range
Min: 0.45   Max: 3.13
Current: 2

0.45
3.13
P/S 2.00
OIS's P/S is ranked lower than
58% of the 457 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.37 vs. OIS: 2.00 )
OIS' s 10-Year P/S Range
Min: 0.2   Max: 2
Current: 2

0.2
2
PFCF 23.00
OIS's PFCF is ranked higher than
58% of the 228 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 18.54 vs. OIS: 23.00 )
OIS' s 10-Year PFCF Range
Min: 5.28   Max: 292.1
Current: 23

5.28
292.1
EV-to-EBIT 10.40
OIS's EV-to-EBIT is ranked higher than
86% of the 395 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 15.20 vs. OIS: 10.40 )
OIS' s 10-Year EV-to-EBIT Range
Min: 2.5   Max: 29.2
Current: 10.4

2.5
29.2
PEG 0.50
OIS's PEG is ranked higher than
86% of the 206 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.70 vs. OIS: 0.50 )
OIS' s 10-Year PEG Range
Min: 0.08   Max: 12.94
Current: 0.5

0.08
12.94
Shiller P/E 18.20
OIS's Shiller P/E is ranked higher than
75% of the 233 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 20.01 vs. OIS: 18.20 )
OIS' s 10-Year Shiller P/E Range
Min: 3.86   Max: 37.46
Current: 18.2

3.86
37.46

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.70
OIS's Price/Tangible Book is ranked higher than
55% of the 425 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.00 vs. OIS: 2.70 )
OIS' s 10-Year Price/Tangible Book Range
Min: 1   Max: 5.28
Current: 2.7

1
5.28
Price/DCF (Projected) 1.80
OIS's Price/DCF (Projected) is ranked higher than
57% of the 232 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.60 vs. OIS: 1.80 )
OIS' s 10-Year Price/DCF (Projected) Range
Min: 0.88   Max: 2.54
Current: 1.8

0.88
2.54
Price/Median PS Value 1.50
OIS's Price/Median PS Value is ranked lower than
59% of the 419 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.90 vs. OIS: 1.50 )
OIS' s 10-Year Price/Median PS Value Range
Min: 0.31   Max: 1.56
Current: 1.5

0.31
1.56
Price/Peter Lynch Fair Value 0.60
OIS's Price/Peter Lynch Fair Value is ranked higher than
89% of the 103 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.10 vs. OIS: 0.60 )
OIS' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.18   Max: 2.71
Current: 0.6

0.18
2.71
Price/Graham Number 1.40
OIS's Price/Graham Number is ranked higher than
64% of the 335 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.30 vs. OIS: 1.40 )
OIS' s 10-Year Price/Graham Number Range
Min: 0.43   Max: 1.73
Current: 1.4

0.43
1.73
Earnings Yield (Greenblatt) 9.60
OIS's Earnings Yield (Greenblatt) is ranked higher than
89% of the 402 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.40 vs. OIS: 9.60 )
OIS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 39.9
Current: 9.6

3.4
39.9
Forward Rate of Return (Yacktman) 32.45
OIS's Forward Rate of Return (Yacktman) is ranked higher than
96% of the 337 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.32 vs. OIS: 32.45 )
OIS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.2   Max: 47.7
Current: 32.45

-2.2
47.7

Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare:SPN, GLF, NOV, HAL, SAPMY » details
Traded in other countries:OI2.Germany
Oil States International, Inc was incorporated in Delaware. The Company, through its subsidiaries, is a provider of specialty products and services to oil and gas drilling and production companies throughout the world. The Company operates in a substantial number of the world's active oil and gas producing regions, including Canada, onshore and offshore U.S., West Africa, the North Sea, South America and Southeast and Central Asia. The Company's customers include many of the national oil companies, major and independent oil and gas companies, onshore and offshore drilling companies and other oilfield service companies. The Company operates in four principal business segments accommodations, offshore products, well site services, and tubular services. The Company operates in the oilfield services industry and provides a range of products and services to its customers through its offshore products, tubular services and well site services business segments. Demand for its products and services is cyclical and substantially dependent upon activity levels in the oil and gas and mining industries, particularly its customers' willingness to spend capital on the exploration for and development of oil, natural gas, coal and mineral reserves. Demand for the Company's drilling rigs, rental equipment and its accommodations supporting conventional drilling activities has historically been tied to the level of oil and natural gas exploration and production activity. The primary driver for this activity is the price of oil and natural gas. The Company's offshore products segment provides a range of products and services for use in offshore drilling and development activities. The Company designs, manufactures, fabricates, inspects, assembles, repairs, tests and markets subsea equipment and offshore vessel and rig equipment. The Company markets its products and services to customer base, including the direct end users, engineering and design companies, prime contractors, and at times, its competitors through outsourcing arrangements. Its products are components of equipment used for the drilling and production of oil and natural gas wells on offshore fixed platforms and mobile production units, including floating platforms, such as Spars, tension leg platforms, floating production, storage and offloading (FPSO) vessels, and on other marine vessels, floating rigs, vessels and jack-up rigs. The Company markets its products and services to a broad customer base, including direct end users, engineering and design companies, and prime contractors. The Company's primary competitors in North America include Aramark Corporation, Compass Group PLC, ATCO Structures and Logistics Ltd., Black Diamond Group Limited, Horizon North Logistics, Inc., Clean Harbors, Inc. and Target Logistics Management, LLC. Its primary competitors in Australia include Auzcorp Pty Ltd, ISS Facility Services, Inc., Sodexo Inc., Ausco Modular Pty Limited and Fleetwood Corporation L
» More Articles for OIS

Headlines

Articles On GuruFocus.com
The Midas Touch - Chuck Royce Second Quarter Sells Aug 23 2013 
Are David Einhorn’s New Buys Undervalued? Jun 07 2013 
David Einhorn Comments on Oil States International May 13 2013 
comment on OIS May 09 2013 
comment on OIS May 06 2013 
Screen Apr 04 2013 
comment on OIS Mar 03 2013 
comment on OIS Feb 02 2013 
Strong growth Jan 29 2013 
Comment for Jun 23 2012 

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Bear of the Day: Oil States International (OIS) - Bear of the Day Apr 8 2014 - ZACKS

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