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 -7.8% 18%   0% -14%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 73.95 2.7 B 15.5% 96%   5% -78%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 23.51 1.0 B -40.3% 101%   5% -85%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.79 42 M -20.4% 91%   3% -69%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 11.38 1.6 B -41.1% 112%   5% -84%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.25 - -42.8% 85%   3% -70%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 7.61 104 M -43.2% 90%   4% -72%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 14.89 13 B -22.4% 93%   6% -82%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 18.44 2.0 B -51.6% 92%   5% -73%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 2.35 35 M -71.0% 139%   5% -89%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 23.47 3.3 B -6.8% 67%   3% -58%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 14.32 32 B -24.7% 54%   3% -55%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 46.27 2.8 B -39.8% 59%   3% -63%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 55.66 - 13.8% 26%   0% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 44.27 3.3 B -26.6% 66%   3% -68%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.70 128 M -84.8% 162%   2% -91%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 51.54 376 M -54.5% 161%   8% -94%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 11.99 4.7 B -41.7% 83%   5% -67%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.37 - -71.9% 126%   4% -90%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 18.03 870 M -7.7% 77%   4% -58%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 46.36 6.4 B 38.3% 47%   2% -46%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.86 3.8 M -72.1% 163%   4% -77%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 19.63 27 B -39.6% 74%   4% -70%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 8.82 - -19.8% 53%   1% -58%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.31 3.7 B -65.6% 83%   5% -81%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.24 1.4 B -51.1% 132%   7% -88%