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
 
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 103.36 3.7 B 87.2% 97%   5% -78%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 21.97 977 M -49.2% 105%   5% -83%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.98 46 M -12.4% 90%   3% -69%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 17.27 2.4 B 0.2% 113%   5% -83%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 4.67 - -49.3% 85%   3% -71%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 6.21 85 M -56.9% 91%   4% -72%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 16.59 15 B -18.8% 97%   6% -81%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.77 2.4 B -37.5% 95%   5% -71%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 1.89 28 M -77.6% 144%   5% -87%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 27.77 4.0 B -5.4% 68%   3% -58%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 14.38 33 B -21.4% 57%   3% -55%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 50.60 3.0 B -40.0% 63%   3% -63%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 54.29 - 2.0% 27%   0% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 56.71 4.2 B -14.5% 68%   3% -65%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 52.39 382 M -48.2% 164%   8% -93%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 12.26 4.8 B -45.2% 87%   5% -68%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.57 - -65.5% 138%   5% -90%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 24.25 1.2 B 11.2% 77%   4% -57%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 68.34 9.4 B 64.6% 48%   2% -43%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.35 2.3 M -85.3% 223%   5% -97%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.79 29 B -39.1% 78%   5% -68%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 10.55 - -9.2% 56%   1% -58%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.31 3.7 B -55.2% 91%   5% -77%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.85 1.1 B -62.9% 146%   7% -91%