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 22.72 24 B -25.7% 34%   3% -39%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 70.17 2.5 B -9.7% 40%   5% -38%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 46.91 2.1 B -54.9% 43%   3% -70%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.02 47 M -65.1% 54%   2% -70%
Ensco ESV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 8.27 1.6 B -72.2% 63%   2% -82%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 20.96 2.9 B -62.3% 58%   3% -73%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 7.33 - -43.2% 58%   0% -45%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 15.22 207 M 15.5% 55%   7% -34%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 20.27 18 B -45.7% 36%   3% -59%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 41.46 4.5 B -32.2% 37%   4% -50%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 9.49 135 M -36.7% 92%   8% -70%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 25.78 3.6 B 32.9% 34%   7% -36%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 20.47 46 B 18.3% 22%   3% -21%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 82.89 5.0 B 1.7% 35%   5% -27%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 49.43 - 0.8% 20%   1% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 64.18 4.9 B 49.8% 38%   7% -26%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 5.79 1.1 B -68.5% 100%   3% -80%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.30 836 M -60.6% 85%   4% -75%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 22.81 8.8 B -48.1% 40%   3% -60%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.42 - -61.2% 75%   2% -75%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 20.93 1.1 B -16.0% 30%   3% -29%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 38.11 5.4 B 10.6% 28%   4% -20%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.94 8.3 M -77.5% 199%   3% -95%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 37.33 52 B -35.8% 32%   3% -50%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 11.46 - -24.2% 37%   2% -31%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 25.50 11 B -13.6% 36%   5% -43%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 5.73 3.5 B -51.2% 57%   5% -73%