10 Overlooked Energy Stocks to Buy Now

5. Oil States International, Inc. (NYSE:OIS)

Forward Price-to-Earnings: 10.64

Number of Hedge Fund Holders: 24

Oil States International, Inc. (NYSE:OIS) is included in our list of the 10 Overlooked Energy Stocks to Buy Now.

On July 31, 2025, Oil States International, Inc. (NYSE:OIS) reported strong second-quarter 2025 results, driven by offshore strength and recognized innovation. Meanwhile, the company reported $3 million, or $0.05 per share, in net income; on the other hand, adjusted net income reached $5 million, or $0.09 per share. The company’s earnings were driven by a 15% surge in the Offshore Manufactured Products segment, taking the total revenue to $165 million, a 3% sequential increase. At the same time, the company’s backlog reached a decade-high $363 million. OIS recorded a 13% increase in its adjusted EBITDA, taking it to $21 million, helping the company end the quarter with $8.1 million in free cash flow.

During the quarter, Oil States International, Inc. (NYSE:OIS) advanced U.S. land-focused restructuring, reducing exposure from 36% to 28% of total revenue year-over-year. Simultaneously, the company invested in a new Batam, Indonesia facility.

Following the earnings release, Raymond James and Stifel both reiterated their ‘Buy’ ratings on Oil States International, Inc. (NYSE:OIS), with Stifel setting a $9 price target.

Oil States International, Inc. (NYSE:OIS) offers engineered capital equipment and consumable products, serving energy, industrial, and military sectors globally. It is included in our list of the Overlooked Stocks.