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 0.4% 32%   4% -27%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 52.99 1.9 B -15.0% 39%   3% -44%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 44.44 2.0 B -43.8% 45%   3% -57%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.68 62 M -39.6% 59%   3% -57%
Ensco ESV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.27 1.6 B -67.9% 57%   2% -75%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 17.44 2.4 B -56.1% 61%   3% -61%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 9.21 - -26.4% 65%   1% -49%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 14.79 202 M -1.0% 53%   5% -34%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.53 18 B -33.4% 39%   4% -47%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 38.39 4.2 B -31.4% 40%   4% -44%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 8.30 118 M -14.2% 90%   10% -59%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 30.26 4.3 B 65.1% 32%   6% -26%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 20.06 45 B 22.4% 20%   3% -15%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 84.27 5.1 B 16.0% 31%   5% -18%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 55.22 - 27.7% 19%   1% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 66.60 5.1 B 53.8% 36%   6% -17%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.61 111 M -92.8% 149%   1% -95%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.81 658 M -53.1% 87%   5% -61%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 21.36 8.2 B -33.8% 43%   4% -44%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.64 - -27.8% 76%   4% -57%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 21.22 1.1 B -7.7% 31%   3% -27%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 42.26 6.0 B 24.7% 27%   4% -20%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.55 11 M -40.4% 135%   6% -74%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 36.14 50 B -19.9% 35%   4% -36%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 11.81 - 4.0% 35%   2% -21%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 19.63 8.8 B -14.7% 38%   4% -32%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.46 2.7 B -51.8% 60%   4% -61%