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 -6.2% 29%   3% -27%
Chart Industries GTLS NASDAQ Industrial Goods Energy & Fluid Control Systems/Pumps & Filters USD 69.99 2.5 B -4.5% 36%   4% -45%
Core Laboratories N.V. CLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 39.83 1.8 B -40.4% 49%   4% -51%
Dawson Geophysical DWSN NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.45 57 M -42.4% 57%   2% -55%
Fluor Corp. FLR NYSE Industrial Goods Infrastructure Contractors USD 20.47 2.9 B -45.0% 61%   4% -61%
Fugro FURGF OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 10.75 - 2.9% 45%   2% -43%
Geospace Technologies GEOS NASDAQ Technology Scientific Instruments & Consumables USD 15.54 212 M 3.7% 50%   6% -30%
Halliburton Company HAL NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 23.96 21 B -23.5% 37%   4% -46%
Helmerich & Payne HP NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 45.13 4.9 B -11.4% 39%   5% -44%
Ion Geophysical Corp IO NYSE Technology Scientific Instruments & Consumables USD 6.34 90 M -34.8% 80%   6% -63%
KBR, Inc KBR NYSE Industrial Goods Infrastructure Contractors USD 29.58 4.2 B 69.7% 28%   5% -12%
Kinder Morgan KMI NYSE Energy Infrastructure, Transportation & Storage USD 21.36 48 B 23.9% 16%   2% -10%
Kirby Corp. KEX NYSE Transportation Marine Freight Crude Oil & LNGas USD 90.46 5.4 B 28.8% 29%   5% -18%
Koninklijke Vopak VOPKF OTC Energy Infrastructure, Transportation & Storage USD 55.50 - 15.7% 17%   0% -17%
MasTec MTZ NYSE Industrial Goods Infrastructure Contractors USD 63.75 4.9 B 37.0% 33%   4% -17%
McDermott International, MDR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 0.70 128 M -92.2% 177%   1% -95%
Nabors Industries NBR NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.91 1.1 B -3.6% 85%   11% -61%
National Oilwell Varco NOV NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 23.50 9.1 B -22.2% 41%   4% -40%
Petroleum Geo-Services PGSVY OTC Industrial Goods Oilfield Services/Equipment/Pipelines USD 1.89 - -12.1% 70%   3% -57%
Primoris Services PRIM NASDAQ Industrial Goods Infrastructure Contractors USD 22.13 1.1 B 10.5% 29%   3% -23%
Quanta Services PWR NYSE Industrial Goods Infrastructure Contractors USD 41.26 5.9 B 23.7% 23%   3% -20%
SAExploration SAEX NASDAQ Industrial Goods Oilfield Services/Equipment/Pipelines USD 2.44 10 M -40.5% 115%   4% -69%
Schlumberger N.V. SLB NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 38.37 53 B -9.7% 33%   5% -35%
Stolt-Nielsen SOIEF OTC Energy Infrastructure, Transportation & Storage USD 14.38 - 21.8% 32%   2% -21%
TechnipFMC FTI NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 19.79 8.8 B -15.7% 35%   4% -35%
Transocean RIG NYSE Industrial Goods Oilfield Services/Equipment/Pipelines USD 5.97 3.7 B -32.5% 59%   6% -60%