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 4.0% 23%   1% -18%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 39.25 1.4 B -48.8% 92%   5% -80%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.22 899 M -54.7% 94%   4% -86%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.32 31 M -41.1% 79%   3% -69%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 11.61 1.6 B -55.9% 112%   4% -90%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.04 - -52.5% 83%   3% -70%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 7.88 108 M -37.0% 83%   5% -72%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 11.75 10 B -41.4% 89%   6% -82%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.13 2.2 B -53.0% 86%   4% -75%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 2.36 35 M -65.2% 133%   3% -89%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 23.45 3.3 B 7.1% 66%   8% -58%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 15.80 36 B -15.7% 52%   5% -55%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 51.28 3.1 B -33.7% 57%   4% -63%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 53.81 - 30.9% 27%   0% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 39.15 2.9 B -15.8% 63%   6% -68%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.70 128 M -88.4% 170%   0% -95%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 37.06 271 M -66.9% 147%   4% -94%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 12.47 4.8 B -39.2% 78%   5% -67%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.34 - -79.4% 118%   1% -90%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 16.69 805 M -7.2% 73%   7% -58%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 36.93 5.1 B 6.8% 45%   5% -46%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.61 7.1 M -46.2% 155%   4% -73%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 18.47 26 B -41.0% 70%   5% -71%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 9.32 - -16.3% 50%   2% -58%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.40 3.3 B -62.5% 77%   3% -82%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.33 817 M -78.5% 111%   2% -88%