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The Top and Bottom of Oilfield Service Stocks in 3Q17

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Part 6
The Top and Bottom of Oilfield Service Stocks in 3Q17 PART 6 OF 12

Bottom 5 Oilfield Stocks: Expected Earnings per Share Growth

Core Laboratories

Analysts expect Core Laboratories (CLB) to register the steepest adjusted EPS (earnings per share) fall in our select set of OFS (oilfield service) and equipment companies. Analysts expect Core’s adjusted earnings to fall 11% to $0.46 in 3Q17, from $0.52 in 2Q17. The company’s earnings could fall due to the recent slowdown in the US onshore rig count and ongoing low crude oil prices, which could result in energy drilling and exploration budget cuts.Bottom 5 Oilfield Stocks: Expected Earnings per Share Growth

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TechnipFMC’s expected earnings in 3Q17

Analysts expect TechnipFMC’s (FTI) net earnings to deteriorate marginally between 2Q17 and 3Q17. A challenging environment in the offshore energy market due to low crude oil prices and excess capacity leading to underutilization in the offshore business could drag down TechnipFMC’s earnings in 3Q17.

Nabors Industries’ expected EPS growth in 3Q17

Analysts expect Nabors Industries’ (NBR) earnings to rise 13% between 2Q17 and 3Q17. Management expects slower growth in the US onshore market, which could slow the company’s rig additions. NBR makes up ~20.8% of the VanEck Vectors Oil Services ETF (OIH). Whereas OIH has fallen 15% in the past year, NBR has fallen 14%.

On August 14, 2017, Nabors Industries disclosed that it had signed an agreement to acquire OFS peer Tesco (TESO). For more on this agreement, read Can Nabors Bank on Synergies from Tesco?

Analysts expect Weatherford International’s (WFT) adjusted earnings to improve by ~15.5% between 2Q17 and 3Q17. The S&P 500 (SPX-INDEX) has risen 17% in the past year. The energy sector makes up 5.7% of SPX-INDEX.

How have the top and bottom OFS stocks performed? Continue to the next part to find out.

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