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

Take a closer look

Oil services • Updated:

Name Ticker Exchange Sector Industry Currency Cur.Price Mkt.Cap Perf. Vol. Vol. Contrib. MDD
 
Baker Hughes, a GE Company BHGE NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 28.25 29 B -7.6% 31%   3% -44%
CGG CGG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.76 61 M 42.3% 37%   2% -21%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 71.90 3.2 B -32.8% 36%   3% -56%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.16 73 M -52.3% 53%   2% -63%
Ensco ESV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.40 1.9 B -10.3% 58%   7% -65%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 37.10 5.2 B -35.6% 44%   3% -51%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 10.50 - -28.0% 55%   0% -49%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 15.03 205 M 47.9% 46%   5% -34%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 30.10 26 B -35.3% 31%   3% -54%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 56.37 6.2 B -16.1% 34%   4% -39%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 16.09 226 M -33.4% 87%   6% -84%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 19.06 2.7 B 11.2% 34%   5% -36%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 20.09 45 B 30.0% 23%   3% -21%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 76.00 4.6 B 0.2% 33%   4% -33%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 48.82 - 11.8% 26%   1% -15%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 47.00 3.6 B -5.0% 38%   3% -31%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.52 1.4 B -65.4% 84%   2% -73%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.56 1.3 B -51.9% 60%   4% -78%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 28.37 11 B -25.0% 33%   3% -50%
Parker Drilling PKD NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.43 4.0 M -96.1% 119%   0% -96%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.42 - -22.4% 67%   5% -76%
Primoris Services Corp PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 22.18 1.1 B -14.4% 28%   2% -37%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 37.23 5.3 B 4.0% 25%   3% -25%
Rowan Companies RDC NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 12.09 1.5 B -4.4% 52%   7% -61%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.86 11 M -87.5% 212%   1% -96%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 44.29 61 B -33.1% 27%   3% -53%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 11.98 - -0.4% 35%   1% -38%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 23.74 11 B -21.3% 36%   4% -46%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 9.46 5.8 B -9.1% 50%   7% -55%
Weatherford International Ltd WFT NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.80 800 M -67.6% 107%   3% -93%