Oil services

Oil services
  • Pininvest Analysis

Our theme highlights marked differences within the oil service industry

  • Because of size and market dominance, fully integrated oil service companies such as Schlumberger SLB/NYSE may suffer but are better positioned to weather oil price cycles
  • Specialists, such as offshore oil and gas contract drilling services, are sharply exposed to any downturn and might rebound strongly when higher oil prices restart an investment cycle – unsurprisingly, their volatility is extreme
  • Transportation and storage services, such as Kinder-Morgan KMI/NYSE of the US or Vopak VOPKF/OTC from the Netherlands, are essentially correlated with oil prices but the reliance on indispensable infrastructures to bring the oil & natural gas to market lessen the impact of the oil cycle and provide a degree of protection to the investor
  • Infrastructure contractors are – in our opinion – the most interesting service segment when the outlook is uncertain because their order book benefits from the diversification between hydrocarbon industries, industrial infrastructure and government contracts. Though MasTec MTZ/NYSE has been outstanding, the industry as a whole has been able to rebalance their activities through the 2015/2017 cycle

Read our notes

Oil services • Updated:

Name Ticker Exchange Sector Industry Currency Cur.Price Mkt.Cap Perf. Vol. Risk Contrib. MDD
 
Baker Hughes, a GE Company BHGE NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.08 23 B -19.0% 26%   1% -26%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 27.75 993 M -69.3% 82%   4% -82%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 9.75 433 M -83.1% 85%   2% -89%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.05 24 M -64.2% 69%   2% -67%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 6.49 910 M -80.7% 106%   2% -92%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.12 - -60.8% 82%   4% -67%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 5.86 80 M -54.7% 76%   5% -72%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 6.39 5.6 B -75.7% 80%   3% -86%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 16.84 1.8 B -64.6% 77%   4% -80%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 1.33 19 M -90.8% 92%   1% -93%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 20.23 2.9 B 7.8% 61%   12% -58%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 13.75 31 B -26.3% 48%   6% -55%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 43.00 2.6 B -42.8% 52%   6% -63%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 50.20 - 9.4% 23%   1% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 29.50 2.3 B -38.7% 54%   6% -68%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.70 128 M -90.6% 172%   0% -95%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.43 158 M -86.3% 128%   3% -92%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 10.06 3.9 B -61.5% 72%   5% -71%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.27 - -87.9% 93%   1% -91%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 14.14 688 M -30.8% 69%   8% -58%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 29.84 4.3 B -20.5% 41%   5% -46%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.48 6.3 M -56.5% 126%   5% -76%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 13.76 19 B -63.8% 61%   4% -75%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 7.00 - -39.6% 46%   3% -58%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.11 3.2 B -67.6% 66%   4% -82%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.17 717 M -86.6% 98%   2% -89%