Oil States International Secures New Credit Facility, Targets Debt
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Oil States International ( (OIS) ) has shared an update.
On January 28, 2026, Oil States International entered into an amended and restated $125 million cash flow-based credit agreement that replaces its prior asset-based revolving facility, comprising a $75 million revolving credit line and a $50 million multi-draw term loan available to be drawn through July 28, 2026, with both facilities maturing on January 28, 2030. The new agreement, led by Wells Fargo as administrative agent and joined by several other banks, is secured by substantially all U.S. assets and certain foreign subsidiary stock, carries interest tied to Term SOFR or a base rate plus leverage-based margins, and imposes financial maintenance covenants, including minimum interest coverage and maximum leverage ratios. During the fourth quarter of 2025, the company repurchased $50 million of its 4.75% convertible senior notes due April 1, 2026, leaving $53 million outstanding as of December 31, 2025, and with $70 million in cash on hand and no borrowings outstanding under the new facility as of January 28, 2026, it plans to extinguish the remaining notes using a mix of cash and potential draws on the new credit lines, signaling a continued focus on balance sheet management and liquidity flexibility.
The most recent analyst rating on (OIS) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Oil States International stock, see the OIS Stock Forecast page.
Spark’s Take on OIS Stock
According to Spark, TipRanks’ AI Analyst, OIS is a Neutral.
The score is driven by improving profitability and a strong, low-leverage balance sheet, supported by a positive earnings call featuring higher backlog, stronger operating cash flow, and constructive near-term guidance. These positives are tempered by declining TTM revenue, only moderate cash flow quality in the financial statements, overbought technical readings, and a valuation profile with a 21.15 P/E and no dividend yield.
To see Spark’s full report on OIS stock, click here.
More about Oil States International
Oil States International, Inc. is a Houston-based global provider of manufactured products and services for customers in the energy, industrial and military sectors, offering highly engineered capital equipment and consumable products through a network of manufacturing and service facilities located worldwide. The company is publicly listed on the New York Stock Exchange and NYSE Texas under the ticker symbol OIS.
Average Trading Volume: 708,994
Technical Sentiment Signal: Buy
Current Market Cap: $505.4M
Learn more about OIS stock on TipRanks’ Stock Analysis page.
