8,469 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Analysts’ Light Schedules Reflect Apathy in Oilfield Service Stocks

Published in Oil Industry News on Friday, 29 November 2019

Graphic for News Item: Analysts’ Light Schedules Reflect Apathy in Oilfield Service Stocks

More free time for analysts usually means a lot less interest in the sector they cover.

No group illustrates this better than oil and gas, especially oilfield service stocks. The Philadelphia Oil Service Sector Index sank 2% Tuesday and has fallen more than 15% this year. Meanwhile, the S&P 500 has risen 25% in 2019.

Hot Tip

Oil and Gas People gives recruiters a live snapshot of the current oil and gas workforce and its availability. Update your profile every 60 days to stay visible to recruiters as actively looking. Better for candidates.. Better for recruiters..

Piper Jaffray & Co.’s Houston-based team took a trip to New York recently, and was again reminded of investors’ disinterest in the industry. “Not surprisingly, interest in oil service stocks is at a career low, if one’s marketing schedule is an indication of interest,” analysts led by John Daniel wrote in a note this week.

Marketing trips now consist of “a sparse two-day schedule featuring plenty of coffee time between meetings,” the investment bank said. That’s in stark contrast to earlier years that featured “back-to-back meetings along with group lunches and dinners.”

Oilfield service stocks remain out of favor with investors amid lingering concerns about profitability and returns, particularly in the U.S. shale patch, according to Bloomberg Intelligence analyst Scott Levine.

Looking at the broader energy complex, Bank of America highlighted in a recent note that Apple Inc. alone is worth more than the entire S&P 500 Energy index -- which includes behemoths like Exxon, Chevron and Conoco.

Even with many dividend yields between 3% and 5%, investors haven’t been eager to buy in to the group’s weakness, and are looking instead for signs of improved business across the sector. “Collectively, the consensus view is that the oil service sector remains un-investable,” Piper said.

Source: www.worldoil.com

Please leave comments and feedback below


Global Oil and Gas, Oil and Gas Price, Oil and Gas Newsl

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com