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C&J Energy Services and RPC: Last Week’s Sectoral Standouts

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Oilfield equipment and services

Next up, in our series covering the biggest movers in energy last week, is the oilfield equipment and services, or OFS, sector. We’ve only analyzed companies with market capitalizations of over $1 billion and with 30-day average daily volumes of over 500,000 shares.

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The standouts

The week ended April 10 was a good one for oilfield equipment and services companies. In our selected set of companies, not one OFS company saw a loss. Within this winning sector, there were two standouts.

First, C&J Energy Services (CJES) gained ~20% last week. It has gained ~4.5% year-to-date but has lost ~27% over the last six months. Indeed, it was a major loser in the OFS sector in March, losing almost a fifth of its value. It’s still trading closer to its 52-week low than to its 52-week high.

Our second OFS standout last week was RPC (RES). It gained ~11%. Shares of the company are up ~11% year-to-date but down ~5% in the last six months.

Laggards

In this winning sector, we didn’t really see any losers last week, though there are companies that didn’t do quite as well.

Exterran Holdings (EXH) was the top OFS laggard, gaining barely ~1% in the week ended April 10. It has gained ~4.5% this year but lost ~5.5% over the last six months.

The second laggard last week was Dresser-Rand Group (DRC), with a gain of ~1.3%. The company’s shares haven’t shown much volatility since September 2014, following the announcement of its acquisition by German industrial group Siemens.

Dresser-Rand is a component of the VanEck Vectors Oil Services ETF (OIH), accounting for ~3.9% of the oilfield services and equipment–focused ETF. OIH gained ~6% last week.

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