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 23.96 25 B -24.1% 32%   4% -42%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 54.63 2.4 B -48.9% 38%   3% -61%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.52 58 M -66.1% 55%   2% -74%
Ensco ESV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.90 1.6 B -70.3% 63%   3% -82%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 31.81 4.5 B -33.0% 46%   4% -54%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.19 - -39.8% 56%   0% -45%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 15.75 215 M 8.8% 52%   7% -34%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 23.74 21 B -41.1% 35%   4% -50%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 50.86 5.6 B -8.8% 34%   5% -38%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 10.20 144 M -59.5% 96%   5% -81%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 26.11 3.7 B 41.9% 32%   8% -36%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 20.77 47 B 22.1% 21%   4% -21%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 76.08 4.6 B -12.5% 33%   4% -29%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 47.90 - 6.2% 25%   1% -18%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 49.31 3.8 B -3.8% 37%   5% -26%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 10.40 1.9 B -41.1% 86%   6% -71%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.37 861 M -56.0% 72%   5% -72%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 21.25 8.2 B -49.6% 36%   3% -59%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.38 - -73.2% 74%   1% -76%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 20.03 1.0 B -27.3% 29%   3% -35%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 37.37 5.3 B 14.2% 25%   4% -22%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 3.45 15 M -90.5% 201%   1% -95%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 39.49 55 B -36.9% 29%   3% -49%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 12.05 - -26.3% 36%   2% -38%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 25.59 11 B -12.7% 35%   5% -44%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 5.85 3.6 B -53.7% 52%   5% -62%
Weatherford International Ltd WFT NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.37 - -89.0% 116%   1% -93%