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SPDR Series Trust - SPDR S&P Oil & Gas Equipment & Services ETF (XES)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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13.17+0.21 (+1.62%)
At close: 4:00PM EDT
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Previous Close12.96
Bid0.00 x 0
Ask0.00 x 0
Day's Range12.93 - 13.31
52 Week Range12.93 - 24.58
Avg. Volume567,376
Net Assets262.3M
PE Ratio (TTM)N/A
YTD Return-31.28%
Beta (3y)1.56
Expense Ratio (net)0.35%
Inception Date2006-06-19
Trade prices are not sourced from all markets
  • Barrons.com21 hours ago

    Why Rig Counts Will Keep Falling

    Guggenheim’s Michael LaMotte and Ishan Kapoor have long predicted that the U.S. onshore rig count could decline by about 145 between the third quarter of this year and the second quarter of 2018, as capital expenditures come in line with cash flow. “Simply put, for the E&P industry to maintain its current level of spending through 2018, we estimate that it would need to raise $11.4B in new equity in 2H17—1.4x the $8.2bn raised in 1H17.” Some investors might be heartened by the fact that Exxon (XOM) and Chevron (CVX) have pledged to adding another 15 and seven rigs, respectively, to the U.S. onshore market in the next half dozen quarters, but LaMotte and Kapoor write that in reality these companies make up a very small portion—about 6%--of U.S. drilling activity. In fact, we estimate that the majors could add another 35 rigs next year if no large scale projects were sanctioned in 2H17 and all of the capital freed up from the completion of multi-year projects this year (roughly $5B) was redirected to the U.S. onshore market.

  • Market Realist2 days ago

    US Distillate Inventories Rose for the First Time in 5 Weeks

    The EIA reported that US distillate inventories rose by 0.7 MMbbls to 148.4 MMbbls on August 4–11. Inventories rose for the first time in five weeks.

  • Market Realist2 days ago

    What’s Baker Hughes’s Dividend Yield after 2Q17?

    Baker Hughes’s dividend has remained unchanged for the past several quarters, and its steady dividend reflects its management’s confidence.