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 22.21 23 B -33.9% 32%   3% -43%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 50.30 2.2 B -57.1% 38%   3% -61%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.34 54 M -66.1% 55%   2% -72%
Ensco ESV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.63 943 M -65.6% 61%   4% -77%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 29.04 4.1 B -38.4% 45%   4% -52%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.71 - -43.3% 56%   0% -48%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 14.16 193 M 28.0% 50%   9% -34%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.97 20 B -52.8% 32%   3% -54%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 50.47 5.5 B -19.9% 34%   5% -38%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 7.24 101 M -68.8% 92%   4% -81%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 21.79 3.1 B 26.4% 33%   8% -36%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 20.06 45 B 31.6% 22%   5% -21%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 82.22 4.9 B -8.8% 33%   5% -33%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 42.02 - -10.5% 25%   1% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 46.05 3.5 B -3.7% 37%   6% -31%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 6.22 1.1 B -71.2% 84%   3% -72%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.35 853 M -65.1% 65%   4% -75%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.39 8.6 B -45.2% 35%   4% -55%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.96 - -58.3% 70%   3% -76%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 18.80 953 M -27.6% 29%   3% -37%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 35.14 5.0 B -1.0% 25%   4% -25%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.24 13 M -88.8% 209%   1% -96%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 37.00 51 B -43.1% 28%   3% -50%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 11.75 - -12.3% 35%   2% -38%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.01 10 B -27.9% 36%   5% -44%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 6.75 4.1 B -44.9% 52%   6% -55%
Weatherford International Ltd WFT NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.37 367 M -89.1% 117%   1% -93%