OIH - VanEck Vectors Oil Services ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
13.43
-0.73 (-5.16%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close14.16
Open0.00
Bid13.33 x 3000
Ask13.70 x 47300
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume10,141,585
Net Assets597.73M
NAV13.01
PE Ratio (TTM)N/A
Yield2.61%
YTD Return-7.27%
Beta (3Y Monthly)2.26
Expense Ratio (net)0.35%
Inception Date2011-12-20
Trade prices are not sourced from all markets
  • A jump in oil prices is creating trading opportunities in these investments
    MarketWatch

    A jump in oil prices is creating trading opportunities in these investments

    An attack on Saudi Arabian oil fields has removed about 5% of global oil supplies. As a result, oil prices have jumped. It sounds scary for oil and stock investors, but for the time being, the chart tells a different story.

  • Stock Market Today: Crude Oil Rockets; Now What?
    InvestorPlace

    Stock Market Today: Crude Oil Rockets; Now What?

    Oil prices are exploding higher on the day, with crude oil up 13% from its close on Friday. That obviously made big headlines in the stock market today, but it's not propelling energy stocks higher in the manner that many had expected.By now, many of you have likely read about the background story. For those that haven't, this is the short-but-sweet scoop. A drone strike rattled Saudi Arabia over the weekend, forcing the country to cut its oil production in half.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe move is equivalent to about 5 million barrels per day, or roughly 5% of the world's daily production.Here's where things get tricky though. Reports say that the production cut is mostly a precautionary measure and that most of that output should be back online within 48 hours.At first, many believed the attack was carried about Yemen's Houthi rebels. Now it is alleged that Iran is behind the attack, which would significantly ratchet up tensions in the Middle East and potentially implicate a response from other nations outside of it (including the United States). Oil's Big ImplicationsNow you know the backstory on why oil prices are surging. But the implications are incredibly far reaching. * 7 Tech Stocks You Should Avoid Now First, where can oil prices go? Let's keep one thing in mind: Oil prices are back to where they were in June. We're still notably away from the April highs and down significantly year-over-year. So while some may suggest that there's enough supply in the market to keep a lid on oil prices, the charts suggest there could easily be more upside.Impacting supply is a few different factors. The first, can Saudi Arabia actually get a majority of production back online in as little as two days, or is it a save-face move ahead of the eventual Saudi Aramco IPO? Second, will the U.S. and other oil-rich nations make up the difference? While 5 million barrels per day is admittedly a lot of oil, between the rest of the Organization of Petroleum Exporting Countries and the U.S., it seems like most of this deficit could be covered.Will President Donald Trump help eradicate a shortage in supply? He seems eager to, tweeting about tapping into the country's strategic oil reserves and fast-tracking pipeline permits. Lastly, will conflicts be ongoing and will tensions remain high in the Middle East? If the answer is yes, then not only are future supply disruptions possible, but energy investors will price in a risk premium to the oil market.Should we see a big spike in oil prices that sustains for months on end, that may have negative implications going into the fourth quarter and holiday seasons. The last thing consumers need -- both here in the U.S. and globally -- is a substantial rise in gas prices that persists into 2020.Finally, a bulk of Saudi Arabia's production goes to Asia. What implications could that have on China's economy, which is already feeling pressure from the trade war? Energy Stocks Make Big MovesSo far, the spike in oil has had a hit-and-miss impact on the energy sector. The Energy Select Sector SPDR Fund (NYSEARCA:XLE) climbed "just" 3.4% on the day. However, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) jumped 8.6% in the stock market today.Exxon Mobil (NYSE:XOM), which makes up 23% of the XLE, climbed a lackluster 1.5% on the day. Chevron (NYSE:CVX) makes up 22% of the ETF and jumped just over 2%. It's becoming clear why the XLE showed such little life on the day now.Others were more pronounced, though. Schlumberger (NYSE:SLB) jumped 5.3%, while Halliburton (NYSE:HAL) climbed almost 11% on the day. These are the top two holdings in the OIH, by the way.Occidental Petroleum (NYSE:OXY), BP (NYSE:BP) and Pioneer Natural Resources (NYSE:PXD) climbed 6%, 3.9% and 6.5%, respectively.Let's see if we can get more follow through in energy stocks this week, and what oil prices do over the next few days and weeks. Movers in the Stock Market TodayIt wasn't just energy stocks posting big moves on the day. General Motors (NYSE:GM) fell more than 4% after the United Automobile Workers, comprising 50,000 members, went on a nation-wide strike. It impacts 33 production plants and 22 warehouse facilities. JPMorgan analyst Adam Jonas said it will cost GM 3 cents in earnings per share per day, but that proper inventory management and pricing changes can help offset those losses. He likes GM as a buy-the-dip candidate.Despite winning the streaming rights for the renowned hit "Seinfeld," Netflix (NASDAQ:NFLX) shares were flat on the day. While some may question who wants to watch such an old show, just remember that "Friends" is one of Netflix's top shows. It will lose "Friends" in 2020, along with its other top performer, "The Office"). Unfortunately though, the five-year "Seinfeld" deal won't start until 2021.Shares of MGM Resorts International (NYSE:MGM) were up 2.1% after reports surfaced that Blackstone (NYSE:BX) is in talks to buy the Bellagio and MGM Grand. However, those discussion appear to be ongoing, as no deal has been reached yet (or may be reached at all, for that matter).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Stock Market Today: Crude Oil Rockets; Now What? appeared first on InvestorPlace.

  • Saudi Attack Threatens Oil Supply: Energy ETFs Set to Soar
    Zacks

    Saudi Attack Threatens Oil Supply: Energy ETFs Set to Soar

    Oil price jumped following an attack on the heart of Saudi Arabia's oil production facilities in Abqaiq and Khurais.

  • FOMC meeting, big tech heads to Washington — What to know in the week ahead
    Yahoo Finance

    FOMC meeting, big tech heads to Washington — What to know in the week ahead

    Investors will turn their attention to Washington this week, as the Federal Open Market Committee gears up for its two-day meeting and representatives from big tech companies head to Capitol Hill to testify.

  • 5 Top-Performing Energy ETFs Over the Past Week
    Zacks

    5 Top-Performing Energy ETFs Over the Past Week

    The energy sector has gained momentum lately with positive fundamentals building up in the space.

  • ETF Trends

    Energy Sector ETFs Rally as New Saudi Minister Maintains Production Cuts

    While the rest of the market was stuck in sideways action, energy sector-related exchange traded funds led the charge Monday on rising oil prices in response to Saudi Arabia energy minister’s confirmation ...

  • ETF Trends

    Energy Sector ETFs Standout on Inventory Drawdown, Trade Talk Hopes

    Energy sector ETFs surged Thursday after a surprise drawdown in oil inventories and hopes of progress in trade talks between the U.S. and China helped fuel risk-on sentiment in one of the most downtrodden ...

  • ETF Database

    Best & Worst Monthly Performers: August 28 Edition

    Here is a look at the 25 best and 25 worst ETFs from the past trading month. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.

  • 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.