|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||26.78 - 27.51|
|52 Week Range||21.70 - 29.87|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves. Performance of the components of the S&P 500 energy sector (XLE) as of 1:25 pm ET: ANDV Andeavor -2.03% APA Apache Corp -5.21% APC Anadarko Petro -2.94% BHGE Baker Hughes a GE Co Cl A -3.28% CHK Chesapeake Energy Corp -8.79% COG Cabot Oil & Gas Corp -0.07% COP ConocoPhillips -5.05% CVX Chevron Corp -4.04% CXO Concho Res Inc -1.73% DVN Devon Energy -3.86% EOG EOG Res -2.57% EQT Equitable Res -2.34% FTI TechnipFMC plc -3.67% HAL Halliburton Co -4.97% HES Hess Corp -4.66% HP Helmerich & Payne -5.43% MPC Marathon Petro Corp -2.78% MRO Marathon Oil Corp -4.45% NBL Noble Energy -3.96% NFX Newfield Exploration -5.79% NOV National Oilwell Varco Inc -3.26% OKE Oneok Inc -1.18% OXY Occidental Petro -2.44% PSX Phillips 66 -3.00% PXD Pioneer Natural Res -2.63% RRC Range Res -2.12% SLB Schlumberger Ltd -4.03% VLO Valero Energy -2.89% WMB Williams Companies -0.99% XEC Cimarex Energy -3.12% XOM Exxon Mobil -2.52%
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest Goldman Sachs note explaining different scenarios under which the 10-year rate will materially rise due to the growing budget deficit.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Oil services stocks and exchange traded funds have actively participated in the energy sector rally. For example, the VanEck Vectors Oil Service ETF (NYSEArca: OIH) is up more than 16% since the start ...
Energy stocks and sector-related exchange traded funds plunged Friday as the Organization of Petroleum Exporting Countries and its allies consider raising production in light of the elevated prices. Oil ...
On May 17–24, major energy ETFs’ correlations with US crude oil July futures were: the Alerian MLP ETF (AMLP) at 92.6% the VanEck Vectors Oil Services ETF (OIH) at 85.9% the Energy Select Sector SPDR ETF (XLE) at 84.7% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 76.2%
Schlumberger Limited (SLB) is the largest US oilfield equipment and service (or OFS) company. Its stock price has risen in the past year. Read a comparison of SLB with its lower-market-cap peer Halliburton (HAL) in Market Realist’s Schlumberger and Halliburton Compared to the Industry. OIH tracks an index of 25 oilfield equipment and services companies.
The offshore drilling industry made headlines last week, especially Seadrill (SDRL), which reached a 52-week high of $0.73 on May 17. The stock rose more than 98% in Week 20 (ended May 18). On May 17, The company’s volume increased to 69.3 million shares, making it the third most actively traded stock on major US exchanges. The stock’s last-three-month trading volume was 5.2 million, and its price was 300% higher than its 52-week low.
Tenaris’s (TS) cash from operating activities (or CFO) deteriorated significantly in the first quarter compared to Q1 2017. Its CFO was -$121.5 million in the first quarter, even though its first-quarter revenue was significantly higher than the previous year. CFO declined as a result of adverse changes in working capital. That reflected an increase in receivables associated with the high level of sales toward the end of the first quarter. TS’s capex and free cash flow
Nabors Industries’ (NBR) cash flow from operating activities (or CFO) deteriorated sharply to -$81.7 million in the first quarter compared to the first quarter of 2017.
Schlumberger’s (SLB) correlation with crude oil prices from May 11 to May 18 was 0.10, which is a weak correlation. A weak positive correlation implies that the stock loosely tracked crude oil’s moves.
How Did the Market View Halliburton on May 18? Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on May 11–18 was -0.09. Halliburton and crude oil prices had a negative correlation in the past week.
Baker Hughes, a GE Company (BHGE), released its US crude oil and natural gas rig count report on May 18. Baker Hughes reported that US crude oil rigs were flat at 844 on May 11–18—the highest level since March 13, 2015. The rigs have also risen by 132 or ~18.5% from a year ago.
Patterson-UTI Energy’s (PTEN) YTD returns were -0.13% as of May 15. Patterson-UTI Energy has underperformed crude oil prices YTD, which have recovered 18% since the beginning of the year as of May 15. During this period, Patterson-UTI Energy has underperformed the Energy Select Sector SPDR ETF (XLE) and the VanEck Vectors Oil Services ETF (OIH). XLE represents the companies in the oil, gas, and consumable fuel, energy equipment, and services industries. XLE has increased 7.0% YTD. OIH, an ETF that tracks an index of 25 OFS providers’ stocks, has increased 9.2% YTD.
Dril-Quip’s (DRQ) YTD returns were -4.0% as of May 15. YTD, Dril-Quip has underperformed the US rig count (up 12%), WTI crude oil (18% higher), and the VanEck Vectors Oil Services ETF (OIH) (up 9.2%). OIH represents the OFS industry. So far, Dril-Quip has underperformed the Energy Select Sector SPDR ETF (XLE) this year. XLE represents the oil, gas, and consumable fuel, energy equipment, and services industries.
Weatherford International’s (WFT) year-to-date returns were nearly -17.3% as of May 15. During this period, Weatherford International has underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%) and the VanEck Vectors Oil Services ETF (OIH) (up 9.2%). XOP tracks an index of companies in the US energy space, while OIH represents the OFS industry. Weatherford International has also underperformed the US rig count (up 12%) YTD.
In this part, we’ll analyze the top percentage gainers from the oilfield services sector in the US in the week starting on May 14. To compile the list of the top oilfield services gainers, we used oilfield services companies with market capitalizations of greater than $100 million and an average volume greater than 100,000 shares last week.
RPC’s (RES) YTD returns were -24.6% as of May 15. During this period, RPC underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%), the VanEck Vectors Oil Services ETF (OIH) (9.2% returns), and the SPDR S&P 500 ETF (SPY) (1.6% returns). XOP represents the energy industry in the oil and gas exploration and production segment. So far, RPC has underperformed the US rig count this year (up ~12%).
Flotek Industries’ (FTK) YTD returns were -27.3% as of May 15. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased ~7.0% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) has witnessed 9.2% YTD returns. OIH tracks an index of 25 OFS companies. The SPDR S&P 500 ETF (SPY), which represents the broader market, has produced 1.6% returns during the same period. So, Flotek Industries underperformed the OFS industry ETF and the broader energy industry ETFs.
Between May 10 and May 17, major energy ETFs’ correlations with US crude oil June futures were as follows: VanEck Vectors Oil Services ETF (OIH): 60.4% SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 42.1% Alerian MLP ETF (AMLP): 24.9% Energy Select Sector SPDR ETF (XLE): 8.8%
In week 19, the week ended May 11, Rowan Companies and Noble Corporation were the best performers among the offshore drilling stocks. Both stocks rose more than 12.0% last week. Seadrill Partners, which rose less than 1.0%, was the lowest performer among its peers.
Summertime is almost here, and with oil prices spiking, the living looks easy for energy investors. West Texas Intermediate spot futures, the benchmark for North American oil, have risen nearly 20% so far this year to above $70 per barrel. The recent crude rally has been so impressive, it is finally getting a rise out of oil stocks, pushing the exchange-traded funds that track them sky-high.