OIH - VanEck Vectors Oil Services ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
11.33
+0.44 (+4.04%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close10.89
Open10.94
Bid0.00 x 42300
Ask0.00 x 34100
Day's Range10.92 - 11.33
52 Week Range10.76 - 26.33
Volume6,672,070
Avg. Volume9,416,550
Net Assets738.6M
NAV11.31
PE Ratio (TTM)N/A
Yield2.07%
YTD Return-19.39%
Beta (3Y Monthly)2.15
Expense Ratio (net)0.35%
Inception Date2011-12-20
Trade prices are not sourced from all markets
  • GE’s Progress Doesn’t Mean General Electric Stock Is a Buy
    InvestorPlace

    GE’s Progress Doesn’t Mean General Electric Stock Is a Buy

    Analysts typically rate stocks "buy," "hold" or "sell," or some derivatives of those adjectives. "Progress," however, is not an analyst rating. If it was, General Electric (NYSE:GE) would be a screaming "progress."Source: Shutterstock Last week, the company reported second-quarter earnings per share, excluding some items, of 17 cents on revenue of $28.83 billion, beating analysts' average estimates of 12 cents on sales of $28.68 billion. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What The company also boosted its full-year EPS guidance to 55 cents to 65 cents, up from its previous guidance of 50 cents to 60 cents. General Electric stock promptly rewarded investors with a six-day skid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGE stock price is up about 50% from its 52-week low, and earlier this year, General Electric stock was more than 80% below its all-time high. Those stats indicate investors can either say that the easy money has already been made or believe that there's more easy money to come in General Electric stock.Sell-side analysts are sharply divided on the outlook of General Electric stock."Half of the analysts covering the company rate shares a Buy, with an average price target of more than $15 a share, according to FactSet. Analysts with a Sell rating have an average target price closer to $5 a share," according to Barron's. Oil WoesWhile General Electric is a smaller company today in terms of number of operating units than it was 10 or 20 years ago, it's still a sprawling company with many businesses that can help or hinder the performance of GE stock price. With oil prices tumbling, General Electric stock is vulnerable because of the company's exposure to the oil-services sector.Oil prices trended higher earlier this year, providing a tailwind for General Electric stock. But the primary customers of GE's oil & gas unit are oil services providers and exploration and production firms At the moment, those are not healthy industries.In 2019, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) and the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) are lower by 17.60% and 13.47%, respectively. Additionally, the expected growth of global electric-vehicle demand is a major headwind for the oil patch and its vendors, like GE.By some estimates, oil needs to fall to $20 per barrel to be competitive with electric vehicles. If oil falls to $20 per barrel, some of GE's oil and gas customers will probably go out of business.Of course, not all of GE's issues are oil and gas-related. The company's Power unit took a $22 billion write-down, leaving it with no goodwill."GE Capital, furthermore, remains an overhang on the stock, particularly related to its insurance liabilities, as well as required additional capital contributions from industrial GE," said Morningstar in a recent note. "We estimate these contributions amount to a run-rate of just over $1.3 billion from 2020 to 2023, after an additional $2.5 billion contribution in the latter half of 2019." There's A Bull Case on General Electric Stock, TooIt's not all gloom and doom for General Electric stock. The company's Aviation business, likely its best-performing unit, remains sturdy. And even after GE agreed to sell its biopharma unit, the owners of General Electric stock should be excited about GE's healthcare business."Our experts inform us that GE and Siemens are (usually) the only two vendors actively considered by large hospital networks," according to Morningstar. "As such, we assume GE can relatively maintain share on the strength of new product introductions and its installed base," it stated.GE's earnings quality is improving, but in order for GE stock to justify the current consensus price target of around $11, the company probably needs to report EPS north of 60 cents for 2019. That's above the low end of its guidance.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Aristocrat Stocks to Buy Now No Matter What * 7 Stocks to Buy to Ride the Vegan Wave * 4 Safe Stocks to Buy Amid Trade War Turbulence The post GE's Progress Doesn't Mean General Electric Stock Is a Buy appeared first on InvestorPlace.

  • Hit and Flop ETFs of Last Week
    Zacks

    Hit and Flop ETFs of Last Week

    The S&P 500 and the Nasdaq mark their biggest weekly drops of 2019 last week. We have highlighted last week's best and worst performing ETFs.

  • Energy ETFs Crash on Rate Cut and New China Tariff
    Zacks

    Energy ETFs Crash on Rate Cut and New China Tariff

    Oil price saw a tumultuous ride on dual attack by the Fed and Trump. Both crude and Brent saw their worst daily performance in more than four years, plunging more than 8% each.

  • ETF Trends

    Best ETFs to Gain Exposure to Energy Sector Recovery

    Equity-based energy sector ETFs have recently struggled, but funds with more focused objectives can offer investors several different paths to gain exposure to a recovery. Investors expecting oil or gas prices to rally might want to consider adding exposure to upstream companies involved in exploration and production, as offered by  VanEck Vectors Unconventional Oil & Gas ETF (FRAK) , whereas those who believe crude oil prices may fall or that demand for refined products will rise might consider exposure to downstream refiners and marketing companies, such as  VanEck Vectors Oil Refiners ETF   (CRAK) . There are benefits to that scenario, but it also exposes the domestic energy patch to trade volatility, such as the tensions seen between the U.S. and China earlier this year.

  • Oil Services Stocks Higher After Halliburton Earnings
    Investopedia

    Oil Services Stocks Higher After Halliburton Earnings

    Halliburton's upbeat earnings stoked buying interest, but tremendous buying power will be needed to end the five-year downtrend.

  • Oil Impacts Energy ETFs and the Equity Market
    Market Realist

    Oil Impacts Energy ETFs and the Equity Market

    On July 11–18, major energy ETFs had the following correlations with US crude oil active futures: the Energy Select Sector SPDR ETF (XLE): 42% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 32.3% the Alerian MLP ETF (AMLP): 23.1% the VanEck Vectors Oil Services ETF (OIH): 12.3% Notably, US crude oil active […]

  • How US Production Is Affecting WTI Crude Oil Prices
    Market Realist

    How US Production Is Affecting WTI Crude Oil Prices

    Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.

  • How Has Oil Influenced Energy ETFs in the Last Week?
    Market Realist

    How Has Oil Influenced Energy ETFs in the Last Week?

    US crude oil active futures rose 5% in the trailing week, which might have been behind the upsides in energy sector ETFs.

  • 5 ETFs & Stocks Riding High on Oil Rebound
    Zacks

    5 ETFs & Stocks Riding High on Oil Rebound

    Oil prices strongly rebounded from a bear territory hit in early June, with U.S. crude comfortably trading above $60.

  • What’s Weighing on the Outlook for Oil?
    Market Realist

    What’s Weighing on the Outlook for Oil?

    On July 8, US crude oil prices rose 0.3% and settled at $57.66 per barrel.

  • How Strong Gas Prices and Falling Yields Impacted Energy Sector
    Market Realist

    How Strong Gas Prices and Falling Yields Impacted Energy Sector

    Last week, US crude oil prices fell 1.6%, while natural gas active futures rose 4.8%.

  • A Quantitative Look at Your Energy Portfolio
    Market Realist

    A Quantitative Look at Your Energy Portfolio

    US crude oil active futures fell 3.4% last week, which might have been behind the downside in most energy ETFs.

  • Benzinga

    Opportunity With A Battered Energy ETF

    As is often the case, shares of oil services providers and the related exchange traded were highly sensitive to crude's gyrations in the second quarter, prompting a nearly 16% for the VanEck Vectors Oil ...

  • 5 Top & Flop ETF Areas of Q2
    Zacks

    5 Top & Flop ETF Areas of Q2

    Dovish Fed comments and chances of U.S.-China trade truce kept the market steady in the second quarter. These ETF areas won and lost in the second quarter.

  • Oil Rig Count Might Have Bottomed Out
    Market Realist

    Oil Rig Count Might Have Bottomed Out

    Last week, the oil rig count rose by four to 793. For the week ending June 21, US crude oil’s weekly production was at 12.1 MMbpd.

  • Oil Traders: Ready for Higher US Oil Output in Q3
    Market Realist

    Oil Traders: Ready for Higher US Oil Output in Q3

    In the next quarter, the US crude oil production might increase. For the week ending June 14, US crude oil’s weekly production was at 12.2 million barrels per day—near its record high.

  • Energy ETF & Stock Winners of Last Week
    Zacks

    Energy ETF & Stock Winners of Last Week

    Brent rose about 5% last week - its first weekly gain in five weeks - while crude jumped about 10% - its biggest weekly percentage gain since December 2016.

  • Rise in Oil Pushed Energy ETFs Higher
    Market Realist

    Rise in Oil Pushed Energy ETFs Higher

    US crude oil active futures have risen 8.6% in the trailing week, which might have boosted or limited the downside in OIH, XOP, XLE, and AMLP. They have returned 5.8%, 5%, 3.7%, and -0.7%, respectively.

  • US Oil Production Might Kill Any Upside in Oil
    Market Realist

    US Oil Production Might Kill Any Upside in Oil

    In the next quarter, the US crude oil production might rise—an important factor that might kill any upside in oil prices. For the week ending June 7, US crude oil's weekly production was near its record high of 12.3 MMbpd.

  • Keep an Eye on These Key Energy Events This Week
    Market Realist

    Keep an Eye on These Key Energy Events This Week

    The EIA is scheduled to release its oil and natural gas inventory data on June 19 and June 20. The data will likely be a short-term driver for oil and natural gas prices. Any disappointment in the US crude oil inventory report will likely be a concern for oil prices.

  • MarketWatch

    C&J Energy and Keane to merge, creating a $1.8 billion well services company

    C&J Energy Services Inc. and Keane Group Inc. announced Monday a merger-of-equals deal to create a diversified oilfield services company with a combined enterprise value of $1.8 billion, including $255 million in debt. Under terms of the deal, C&J shareholders will receive 1.6149 Keane shares for each C&J share they own. Based on Friday's closing prices, that values C&J stock at $11.29 each, or a 5.3% premium. After the deal closes, which is expected to occur in the fourth quarter of this year, C&J and Keane shareholders will each own 50% of the equity of the combined company. "The merger of equals unites two great companies, resulting in a broader portfolio of well completion services across an even greater footprint in the U.S., benefiting our combined employees, shareholders, customers, suppliers, and the communities in which we operate," said Keane Chief Executive Robert Drummond. C&J's stock has tumbled 33.8% over the past three months and Keane shaes have shed 28.7%, while the VanEck Vectors Oil Services ETF has lost 22.5% and the S&P 500 has gained 2.35.

  • MARKETS: Gold still has room to run at 6-year high; crude oil hitting a demand wall
    Yahoo Finance Video

    MARKETS: Gold still has room to run at 6-year high; crude oil hitting a demand wall

    From the YFi Interactive touch screen, Jared Blikre joins Alexis Christoforous and Brian Sozzi to break down the latest moves in WTI Crude Oil futures (CL=F, CLQ19.NYM) and Gold futures (GC=F, GCQ19.CMX).