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Oilfield Services/Equipment$69.77
-1.09%4:00PM 10/19/2020

Aggregated price index

Aggregated price index with volume information

Summary:

  • Oilfield Services/Equipment stocks down 1.1% on average while median return down -0.0% in a day
  • Oilfield Services/Equipment stocks down 3.0% on average while median return down 3.2% in a week
  • Oilfield Services/Equipment stocks down 9.1% on average while median return down 9.6% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index is based on equal weighted constituencies returns,Aggregated volume information is based on sum of all constituencies volumes

Index Constituencies
  • 1M winners are : Winners for past month are $PED 26.3%, $DWSN 24.7%, $RCON 24.4%, $ENG 5.1%, $CKH 4.8%
  • 1M losers are : Losers for past month are $FTSI -24.7%, $NOV -26.6%, $FI -36.2%, $WTTR -37.4%, $NR -46.9%
  • 1W winners are : Winners for past week are $PED 23.5%, $DWSN 8.5%, $NESR 4.4%, $USAC 3.7%, $RNGR 3.4%
  • 1W losers are : Losers for past week are $NEX -9.0%, $WHD -10.1%, $WTTR -10.2%, $ENG -10.4%, $EXTN -15.3%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 36.4%, for the past 3 months is 30.0%

In the past month for a 5 days rolling window, the highest corrrelation is 49.6%, the lowest correlation is 13.3%, the latest correlation is 36.5%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 91.1% between FTI and NOV

The lowest correlation is -22.9% between MIND and NOA

Stock news

    10/19/2020OIS
    Oil States Announces Third Quarter 2020 Earnings Conference Call

    Friday, October 30, 2020 at 10:00 a.m. Central TimeHOUSTON, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its third quarter 2020 earnings conference call for Friday, October 30, 2020 at 10:00 a.m. Central Time. During the call, Oil States will discuss the results for the quarter ended September 30, 2020, which are expected to be released on Thursday, October 29, 2020, after the markets close. This call is being webcast and can ...

    10/19/2020WTTR
    Select Energy Services Announces 2020 Third Quarter Earnings Release And Conference Call Schedule

    Select Energy Services, Inc. (NYSE: WTTR) today announced that it will release third quarter 2020 financial results on Tuesday, November 3, 2020 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will also be broadcast live over the Internet, on Wednesday, November 4, 2020 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).

    10/19/2020HAL
    US STOCKS-Wall St slips as losses in communication services shares weigh

    The S&P 500 edged lower in choppy trading on Monday as losses in shares of communication services companies eclipsed optimism on a coronavirus relief deal before the Nov. 3 presidential election. U.S. stocks had opened higher after House Speaker Nancy Pelosi said she was optimistic legislation could be pushed through before the election, but acknowledged an agreement would have to come by Tuesday for that to happen. Last week the White House proposed a $1.8 trillion stimulus package to help Amer...

    10/19/2020SLB
    Analyst Report: Schlumberger Limited

    Schlumberger is the world’s largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now acco...

    10/19/2020HAL
    Halliburton Posts Fourth Straight Loss in Q3 as Oil Rout Drags Demand

    Halliburton Co, one of the world’s largest providers of products and services to the energy industry, reported a loss for the fourth consecutive time in the third quarter as demand slowdown due to the COVID-19 pandemic and lower oil prices have hurt businesses.

    10/19/2020CLB
    Analyst Report: Core Laboratories N.V.

    Core Laboratories is an oil-services company that helps oil and gas companies better understand how to improve production levels and economics with core and reservoir analysis. Additionally, the company sells a number of products helping its customers to maximize production levels from their oil and gas assets. The company operates in more than 50 countries and has more than 5,000 employees.

    10/19/2020SLB
    Analyst Report: Schlumberger Ltd.

    Schlumberger is the world's leading oilfield services company, supplying technology, information solutions and integrated project management services that optimize reservoir performance. It employs approximately 82,000 people in 85 countries. Schlumberger supplies a wide range of products and services, including seismic testing; formation evaluation; well testing and directional drilling; well cementing and stimulation; artificial lift and well completions; and consulting, software, and info...

    10/17/2020DOV
    Dover Corporation -- Moody's announces completion of a periodic review of ratings of Dover Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dover Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

    10/7/2020BKR
    Here's Why Investors Should Steer Clear of Baker Hughes (BKR)

    Oil explorers' lower capital budget for upstream operations will continue to hurt demand for Baker Hughes' (BKR) oilfield services.