Worst Oilfield Services Stocks for 1Q17 by EPS Growth
Could Oil States International be the laggard in EPS?
Wall Street analysts expect Oil States International (OIS) to see the steepest fall in adjusted EPS (earnings per share) in our select set of OFS (oilfield services and equipment) companies. They expect OIS’s adjusted earnings to fall to -$0.27 in 1Q17 compared to -$0.20 in 4Q16.
Its earnings could fall due to a lower backlog and delays in its offshore energy projects. OIS’s Offshore Products segment has been negatively affected due to a steep reduction in work at its larger projects.
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National Oilwell Varco’s expected EPS in 1Q17
Analysts expect National Oilwell Varco’s (NOV) net loss to fall ~20.0% more in 1Q17 compared to 4Q16. NOV management expects lower earnings from its international operations, project delays, and low order volumes.
Schlumberger’s expected earnings in 1Q17
Analysts expect Schlumberger’s (SLB) adjusted EPS to improve marginally in 1Q17. SLB management believes that higher US upstream activities can improve OFS companies’ prices and margins in 1Q17.
SLB makes up ~19.0% of the VanEck Vectors Oil Services ETF (OIH). You can read more on Schlumberger in Market Realist’s Schlumberger’s Valuation Compared to Its Peers in 2017.
Wall Street analysts expect Core Laboratories’ (CLB) net earnings to fall ~6.0% in 1Q17.
In the next parts of this series, we’ll see how the best and worst OFS stocks have been performing in the market.