OIS

Industry Outlook: The oil and gas equipment industry is experiencing increased demand due to rising oil prices, leading to a significant backlog of orders and a positive outlook for companies like NOV Inc., Oil States International Inc., and Natural Gas Services Group, Inc.

Sustainability Initiatives: Companies in the sector are focusing on reducing Scope 1 and 2 emissions through decarbonization efforts, aligning with global sustainability goals and enhancing their attractiveness to environmentally conscious investors.

Market Performance: The Zacks Oil and Gas - Mechanical and Equipment industry has outperformed the broader oil sector but has lagged behind the S&P 500 over the past year, with a 13.5% increase compared to the sector's 5.8% and the S&P 500's 17.7%.

Valuation Metrics: The industry is currently trading at an EV/EBITDA ratio of 7.32X, which is lower than the S&P 500 but higher than the oil sector average, indicating a need for careful evaluation of capital-intensive companies in this space.

Dual Listing Announcement: Oil States International has announced the dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange under the ticker symbol "OIS."

Commitment to Texas: CEO Cindy B. Taylor emphasized the company's long-standing commitment to Texas, highlighting its historical roots and significant operations in the state, which is central to the U.S. energy sector.

Expertise in Energy Infrastructure: NYSE Texas President Bryan Daniel welcomed Oil States, noting the company's expertise in energy infrastructure and services, which aligns with the exchange's focus.

Company Overview: Oil States International is a global provider of manufactured products and services for the energy, industrial, and military sectors, with its headquarters in Houston, Texas, and facilities located worldwide.