C&J Energy Services a Mid-April Standout in the Oilfield



Oilfield equipment and services

Next in our series about energy movers in the week ending April 21—the OFS (oilfield equipment and services) sector. We’ve only analyzed companies with market capitalizations of over $1 billion and 30-day average daily volumes of over 500,000 shares.

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C&J Energy Services stands out

The week ending April 17 was another good one for oilfield equipment and services companies. In our selected set of companies, the biggest loser—Oceaneering International (OII)—lost only about 1.5%. And, within this winning sector, there was one standout.

C&J Energy Services (CJES) continued its sharp rise with a ~14% return last week. The previous week, it was up ~20%. The stock has gained ~8% year-to-date but lost ~30% over the last six months. Indeed, it was a major loser in the OFS sector in March, losing almost a fifth of its value.

Our second OFS gainer last week is Schlumberger (SLB). It gained a distant ~4%. Shares of the company are up ~7% year-to-date but are down ~5% in the last six months.

The laggards

In an overall winning sector, after Oceaneering International (OII), the next-biggest loser was Weatherford International (WFT). Shares of the Ireland-based oil and gas services company lost ~0.5% in the week ending April 17.

Schlumberger and Weatherford International together account for about a quarter of the VanEck Vectors Oil Services ETF (OIH), an oilfield services and equipment-focused ETF. OIH gained ~3% last week.


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