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The Top Five Oilfield Companies by Expected Revenue Growth in Q2

Alex Chamberlin - Author

Jun. 14 2018, Published 4:09 p.m. ET

OFS companies and their expected revenue growth

In this series, we’ll rank and analyze the top five OFS (oilfield equipment and services) companies that are expected to generate the highest revenue growth in the second quarter of 2018 according to Wall Street analysts’ forecasts for the industry. Our list excludes offshore drillers and only companies in the OFS industry with market capitalizations of more than $100 million.

On average, Wall Street analysts expect the OFS industry’s revenues, excluding offshore drillers, to inflate 8.2% sequentially in the second quarter. That’s a considerable turnaround compared to the previous quarter when analysts expected OFS companies to grow 1.3% sequentially.

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Expected revenue growth in Q2 2018: MDR, SLCA, CRR

Wall Street analysts expect McDermott International (MDR) to generate the strongest revenue growth sequentially in the second quarter. MDR provides engineering, procurement, construction and installation, front-end engineering, and design to upstream energy providers.

Wall Street analysts expect U.S. Silica Holdings (SLCA) to generate the second-highest revenue growth sequentially in the second quarter. SLCA, through its Oil & Gas Proppants and Industrial & Specialty Products segments, produces and sells commercial silica. Commercial silica is used as a proppant, which is used in the refracturing process in the crude oil and natural gas recovery process in shale plays.

Carbo Ceramics (CRR) comes in third in our top five revenue growth list. Through its two segments—Oilfield Technologies and Services and Environmental Products and Services—it provides products and services to energy companies.

Expected revenue growth in Q2 2018: OIS and HLX

Oil States International (OIS) and Helix Energy Solutions Group (HLX) rank fourth and fifth on our list of the top revenue growing OFS companies, according to Wall Street analysts.

OIS, through its two operating segments—Well Site Services and Offshore or Manufactured Products—provides specialty products and services to energy companies. HLX provides specialty services to offshore energy companies. It has three operating segments: Well Intervention, Robotics, and Production Facilities.

Next, we’ll take a look at McDermott International’s quarterly revenue trend and why sell-side analysts expect it to top the revenue growth chart in the second quarter.


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