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Top Five Oilfield Equipment and Services Companies


Jun. 22 2018, Published 11:36 a.m. ET

Analysts’ recommendations for OFS companies

In this series, we’ll rank and analyze the top five companies with the highest “buy” or equivalent recommendations assigned by sell-side analysts in the OFS (oilfield equipment and services) industry. Our list of OFS companies excludes offshore drillers. We have only analyzed companies in the OFS industry with market capitalizations of over $100 million. Also, we excluded stocks that have been recommended by less than five sell-side analysts.

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In this series, we’ll delve into the individual performance of the top five OFS companies with the highest “buy” ratings. As of June 20, the average “buy” or some equivalent recommendation assigned by Wall Street analysts in the OFS industry, excluding offshore drillers, was 51% of the total recommendations.

Top five “buy” recommendations

According to Wall Street analysts’ ratings, Halliburton (HAL) has the highest “buy” or some equivalent rating in the OFS industry. Halliburton is also the second-largest OFS company by market capitalization. Halliburton operates through two of its subsidiaries—the Completion and Production segment and the Drilling and Evaluation segment.

Helix Energy Solutions Group (HLX) has the second-highest “buy” rating in the OFS industry. Helix Energy Solutions provides specialty services to offshore energy companies. The company has three operating segments—Well Intervention, Robotics, and Production Facilities.

U.S. Silica Holdings (SLCA) is third in terms of the highest sell-side “buy” ratings in the OFS industry. Through the Oil & Gas Proppants and Industrial and Specialty Products segments, the company produces and sells commercial silica. Commercial silica is used as a proppant. Proppants are used for refracturing in the crude oil and natural gas recovery process in the shale plays.

Patterson-UTI Energy (PTEN) and Schlumberger (SLB) are four and fifth, respectively, on the list of the companies with the highest sell-side “buy” ratings.

Patterson-UTI Energy provides onshore contract drilling services to upstream energy producers. The company has two operating segments—Contract Drilling and Pressure Pumping. Schlumberger is the largest OFS company by market capitalization.

In this series, we’ll review analysts’ ratings for each of these stocks. We’ll start with Halliburton.


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