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
 
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 136.93 4.9 B 104.8% 100%   5% -75%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 34.61 1.5 B 16.0% 105%   6% -73%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.36 78 M 53.4% 94%   3% -60%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 19.46 2.7 B 41.9% 112%   5% -75%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 11.73 - -31.1% 130%   3% -69%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 11.41 156 M -18.2% 95%   4% -66%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.94 19 B 7.2% 99%   6% -76%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 27.83 3.0 B -30.7% 97%   6% -69%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 3.12 47 M -30.4% 149%   6% -74%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 32.13 4.6 B 9.2% 68%   3% -56%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 15.29 35 B -24.9% 58%   3% -54%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 64.45 3.9 B -10.0% 64%   4% -52%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 49.90 - -7.2% 27%   0% -15%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 88.48 6.5 B 50.8% 70%   4% -60%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 88.09 643 M -9.6% 165%   8% -89%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 15.06 5.8 B -30.4% 89%   5% -63%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.77 - -50.2% 144%   5% -85%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 34.54 1.7 B 54.2% 78%   4% -56%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 78.21 11 B 98.9% 50%   2% -41%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 27.74 39 B -9.1% 80%   5% -61%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 14.35 - 25.7% 57%   1% -47%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.14 3.2 B -54.6% 97%   5% -69%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.28 2.0 B -13.5% 153%   7% -82%