Comparing Performance: Bottom 5 Oilfield Stocks versus the Market
Bottom oilfield stocks’ price performance
In this part, we’ll look at how the bottom five OFS (oilfield service) and equipment stocks, by expected earnings growth in 3Q17, have performed in the market. As of September 18, 2017, Nabors Industries (NBR) stock had fallen 21% in the past year, Core Laboratories (CLB) stock had fallen 8%, and Patterson-UTI Energy (PTEN) stock was relatively resilient, falling just 3%. Weatherford International (WFT) stock fell 21%, the steepest fall. WFT makes up 0.31% of the iShares US Energy ETF (IYE), which has fallen 2% since September 19, 2016.
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The latest on the oilfield services industry
For more about what drives large-market-cap OFS companies such as Schlumberger (SLB) and National Oilwell Varco, read SLB, HAL, NOV, WFT: How They Stack Up after 2Q17 and Which Oilfield Service Stocks Look Attractive after 2Q17? To learn what’s happened with SLB and NOV recently, read Schlumberger Sees Twists and Turns before Its Recovery and What Lies Ahead for National Oilwell Varco in 2017. Next, we’ll discuss investors’ shorts interest in the top OFS stocks by expected earnings per share growth in 3Q17.