OIH - VanEck Vectors Oil Services ETF

NYSE American - Nasdaq Real Time Price. Currency in USD
16.32
-0.36 (-2.16%)
As of 2:53PM EST. Market open.
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Previous Close16.68
Open16.77
Bid16.35 x 34100
Ask16.36 x 34100
Day's Range16.21 - 16.80
52 Week Range13.13 - 29.87
Volume7,128,297
Avg. Volume10,379,432
Net Assets1.04B
NAV14.03
PE Ratio (TTM)N/A
Yield2.75%
YTD Return-44.65%
Beta (3Y Monthly)1.59
Expense Ratio (net)0.35%
Inception Date2011-12-20
Trade prices are not sourced from all markets
  • Energy Commodities Helped the Upstream Space Last Week
    Market Realistyesterday

    Energy Commodities Helped the Upstream Space Last Week

    What Happened in the Upstream Space Last Week?Upstream space has underperformedOn January 11–18, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 4%—the second-largest gainer among major energy ETFs. A rise of 4.1% in

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    Halliburton tops profit and revenue expectations, shares slip

    Shares of Halliburton Co. fell 1.1% in premarket trade Tuesday, although the oil services company reported a fourth-quarter profit and revenue that beat expectations. The company swung to earnings of $664 million, or 76 cents a share, from a loss of $824 million, or 94 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 41 cents, above the FactSet consensus of 37 cents. Total revenue was $5.94 billion, flat with a year ago but above the FactSet consensus of $5.86 billion. Completion and production revenue rose to $3.83 billion from $3.80 billion, topping the FactSet consensus of $3.79 billion, and drilling and evaluation revenue slipped to $2.10 billion from $2.14 billion but beat expectations of $2.08 billion. North America revenue fell 11% to $3.3 billion, primarily because of lower activity and pricing stimulation services, but matched the FactSet consensus of $3.3 billion. The stock has lost 11.4% over the past three months through Friday, while the VanEck Vectors Oil Services ETF has shed 24.5% and the S&P 500 has slipped 3.1%.

  • ETF Trends5 days ago

    5 Oil Services ETF Surge on Crude Outlook, Schlumberger Revenue Beat

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  • How Will Oil Service ETFs Perform This Reporting Season?
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  • Schlumberger: What to Expect from Its Q4 Earnings
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    Schlumberger: What to Expect from Its Q4 Earnings

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  • Upstream Sector Rose Last Week
    Market Realist9 days ago

    Upstream Sector Rose Last Week

    Upstream Review for the Week Ending January 11 ## Upstream space has underperformed On January 4–11, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 6.2%—the second-largest gainer among major energy ETFs. A rise of 7.6% in US crude oil prices and a rise of 1.8% in natural gas last week could have helped upstream stocks rise. Last week, the S&P 500 Index (SPY) rose 2.5%, which might have caused another gain in upstream stocks. ## Other major energy ETFs * The VanEck Vectors Oil Services ETF (OIH) rose 7.8%. * The Energy Select Sector SPDR ETF (XLE) rose 3.6%. * The Alerian MLP ETF (AMLP) rose 1.9%. ## WTI spreads Last week, the price difference between WTI at Cushing versus Midland contracted by ~$0.65 per barrel. On January 10, the spread was at the lowest level since November 13. The fall in the spread might indicate a slowdown in the Permian Basin oil production since the takeaway capacity is constant. The WTI-WCS (Western Canada Select) spread contracted by more than $2 per barrel. Alberta’s production cut plan could be behind the contraction in the WTI-WCS spread. Since the plan’s announcement on December 2, the spread has contracted 67.7%. The recovery in the utilization of the Midwest Refinery Operable Capacity from last month might have contracted the gap between these two grades of oil. Last week, the LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, expanded by almost $1 near the $6.8 level. Next, we’ll discuss the top outperformers on our list of upstream players. Continue to Next Part Browse this series on Market Realist: * Part 2 - Analyzing the Top Upstream Gainers Last Week * Part 3 - Which Upstream Stocks Underperformed Last Week?

  • MarketWatch9 days ago

    Ensco raises proposed stock exchange ratio for buyout bid for Rowan

    Shares of Ensco PLC sank 4.8% in premarket trade Monday, after the oil services company said it proposed raising the stock exchange ratio for its buyout bid of Rowan Companies , after Ensco's stock tumbled since the deal was announced in October. Rowan's stock rose 0.7% ahead of the open. Under the new proposal, Ensco would exchange 2.600 of its shares for each Rowan share outstanding, up from a previous proposal of 2.215 shares. Based on Friday's closing prices, the new ratio would value Rowan's stock at $11.34 each. That's 8.2% above Friday's closing price for Rowan's stock, but 39.6% below the implied value of the original deal, which was announced ahead of the Oct. 8 open. That would drop the implied market capitalization of Rowan to about $1.4 billion from roughly $2.4 billion. Ensco shares have tumbled 48.6% since Oct. 5 through Friday, while Rowan's stock has dropped 44.2%, the VanEck Vectors Oil Services ETF has shed 36.1% and the S&P 500 has fallen 10.0%.

  • Wall Street’s Sentiments Boosted Energy ETFs
    Market Realist12 days ago

    Wall Street’s Sentiments Boosted Energy ETFs

    On January 3—10, major energy ETFs had the following correlations with US crude oil February futures: the VanEck Vectors Oil Services ETF (OIH): -44.8% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): -43.2% the Alerian MLP ETF (AMLP): -38.2% the Energy Select Sector SPDR ETF (XLE): -22.3%

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  • US Oil Production Growth Might Be Slower in 2019
    Market Realist14 days ago

    US Oil Production Growth Might Be Slower in 2019

    Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Oil rig count Last week, the oil rig count fell by eight to 877. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and January 7, 2019, US crude oil active futures rose 85.1%. The oil rig count reached a 6.5-year low of 316 in May 2016. Between May 27, 2016, and January 4, 2019, the oil rig count rose ~177.5%. Between May 27, 2016, and December 28, 2018, US crude oil production rose ~33.9%. ## The oil rig count topped? On October 3, US crude oil active futures settled at $76.41 per barrel—the highest closing level since November 21, 2014. Based on the pattern we saw above, the oil rig count could keep rising until at least March 2019. By the second quarter of 2019, US crude oil production growth might slow down. In the week ending November 16, the oil rig count was at 888—the highest level since March 2015. ## US crude oil output In the week ending on December 28, US crude oil production was 11.7 MMbpd (million barrels per day)—record levels. On June 1–October 26, US crude oil production was between 10.8 MMbpd and 11.2 MMbpd. Production broke that range with a rise in the oil rig count in the past few months. With a retreat in the oil rig count, the growth in US oil production might slow down. ## Oilfield services stocks Since US crude oil’s 12-year low on February 11, 2016, the VanEck Vectors Oil Services ETF (OIH) has fallen 28%. Schlumberger (SLB), Halliburton (HAL), Transocean (RIG), and Baker Hughes, a GE company (BHGE), have returned 41.6%, 0.1%, -3.8%, and -18.6%, respectively. Together, they account for ~44% of OIH’s holdings. Any slowdown in US oil drilling activities could drag these stocks. Continue to Next Part Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 3 - Falling Inventories Didn’t Help Oil’s Rise * Part 4 - Futures Spread: Less Bearish Sentiments for Oil?

  • Broader Market Might Have Limited the Upside in Energy ETFs
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    Broader Market Might Have Limited the Upside in Energy ETFs

    Has Broader Market Limited Energy Sector's Upside?(Continued from Prior Part)Correlation with US crude oil Between December 27 and January 3, major energy ETFs had the following correlations with US crude oil February futures: the VanEck Vectors Oil Services ETF (OIH): 98.

  • US Crude Oil Production Growth Might Be Slower
    Market Realist21 days ago

    US Crude Oil Production Growth Might Be Slower

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  • Analyzing Energy ETFs Last Week
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    On December 20–27, major energy ETFs had the following correlations with US crude oil February futures: the Alerian MLP ETF (AMLP): 97.8% the VanEck Vectors Oil Services ETF (OIH): 94.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 93.5% the Energy Select Sector SPDR ETF (XLE): 92%

  • Is the Oil Rig Count Signaling Trouble for Oil Prices?
    Market Realist28 days ago

    Is the Oil Rig Count Signaling Trouble for Oil Prices?

    Why Oil Prices Are Helpless(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by ten to 883. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years.

  • Energy ETFs Are Bleeding
    Market Realistlast month

    Energy ETFs Are Bleeding

    On December 13–20, major energy ETFs had the following correlations with US crude oil February futures: the Alerian MLP ETF (AMLP): 91.9% the Energy Select Sector SPDR ETF (XLE): 86.2% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 59.9% the VanEck Vectors Oil Services ETF (OIH): 7.4%

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  • Crude Oil Decline Could Reach Low $30s
    Investopedialast month

    Crude Oil Decline Could Reach Low $30s

    The WTI crude oil futures contact has entered the next leg of a complex 10-year downtrend that is targeting the low $30s.

  • Why Energy ETFs Didn’t Match Oil’s Gains
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    Why Energy ETFs Didn’t Match Oil’s Gains

    On December 6–13, major energy ETFs had the following correlations with US crude oil January futures: the Alerian MLP ETF (AMLP): 68.8% the Energy Select Sector SPDR ETF (XLE): 60% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 58.4% the VanEck Vectors Oil Services ETF (OIH): 2.8%

  • ETF Trendslast month

    Traders Bet on a Rebound For This Energy ETF

    Oil services stocks and the related exchange traded funds, such as the VanEck Vectors Oil Services ETF (NYSEArca: OIH), are often intimately correlated to oil prices. That can be a disadvantage when oil ...

  • Why the Upstream Space Failed to Catch Oil’s Rise
    Market Realistlast month

    Why the Upstream Space Failed to Catch Oil’s Rise

    Between November 30 and December 7, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the second-largest fall among major energy ETFs. A rise of 3.3% in US crude oil prices last week wasn’t sufficient to push the upstream energy space into positive territory.

  • Why Are Oil and Equity Indexes Diverging?
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    Why Are Oil and Equity Indexes Diverging?

    On November 30–December 7, US equity indexes ended in the red. Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) fell 5.2%, 4.6%, and 4.5%, respectively. Energy stocks form ~5.1%, 5.9%, and 5.2%, respectively, of these equity indexes.

  • OPEC’s Cut: Will Energy ETFs Gain?
    Market Realist2 months ago

    OPEC’s Cut: Will Energy ETFs Gain?

    On November 29–December 6, major energy ETFs had the following correlations with US crude oil January futures: the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 77.6% the VanEck Vectors Oil Services ETF (OIH): 77.2% the Energy Select Sector SPDR ETF (XLE): 64% the Alerian MLP ETF (AMLP): 63.9%