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 [asset ticker="SLB" mnemonic="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 [asset ticker="KMI" mnemonic="NYSE"] of the US or Vopak [asset ticker="VOPKF" mnemonic="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 [asset ticker="MTZ" mnemonic="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. Momentum Vol. Risk Contrib. MDD
 
Chart Industries GTLS NYSE Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 134.41 4.9 B 216.7% Neutral 54%   3% -22%
Core Laboratories N.V. CLB NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 42.45 1.9 B 112.7% Strong Up 64%   6% -37%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 2.70 63 M 80.0% Weak Up 72%   3% -34%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 17.22 2.4 B 30.9% Sharp Down 68%   5% -30%
Fugro FURGF OTC Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 10.58 - 38.0% Sharp Down 108%   1% -55%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 8.03 109 M 20.8% Neutral 64%   4% -39%
Halliburton HAL NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 22.72 20 B 72.9% Neutral 53%   6% -33%
Helmerich & Payne HP NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 32.04 3.5 B 50.5% Weak Up 59%   6% -24%
Ion Geophysical Corp IO NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 2.14 32 M -22.5% Weak Up 99%   7% -60%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 38.28 5.4 B 56.3% Neutral 33%   2% -10%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 18.31 41 B 21.1% Neutral 30%   3% -24%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 62.75 3.8 B 15.1% Neutral 41%   4% -35%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 48.24 - -8.0% Weak Up 20%   0% -21%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 104.70 7.8 B 144.0% Neutral 42%   3% -14%
Nabors Industries NBR NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 117.21 863 M 138.8% Strong Up 100%   9% -38%
National Oilwell Varco NOV NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 16.03 6.2 B 30.6% Neutral 60%   6% -39%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 0.76 - 61.0% Neutral 111%   6% -35%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 30.14 1.5 B 74.1% Neutral 41%   3% -27%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 87.15 12 B 127.6% Neutral 32%   2% -13%
Schlumberger N.V. SLB NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 32.47 45 B 62.1% Neutral 50%   5% -30%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 16.25 - 96.6% Weak Up 39%   1% -13%
TechnipFMC FTI NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 9.20 4.1 B 43.0% Strong Up 69%   6% -30%
Transocean RIG NYSE Industrial Goods Oil&Gas Services/Equipment/Pipelines USD 3.87 2.4 B 75.9% Neutral 105%   9% -73%