Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

Summary

• Even though energy has been the best-performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services.
• Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.
• Based on the matrix the 53 oilfield service equities were ranked from best value to worst value and plotted by market cap, value matrix, and 10-Day momentum.
• Equities representing; oilfield chemicals & equipment; drilling; well services; and Engineering, Lab Services, Frac Sand, & Other are ranked within industry groups.

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Energy: Fabulous Performance and Abundant Uncertainty

Even though energy has been the best-performing sector of the year by a large margin, many investors are uncertain about the sector; rightfully so. With recent volatility, conflicting analysis, and a constant stream of both bullish and bearish news, it

Analyst’s Disclosure:I/we have a beneficial long position in the shares of XES, SND, DWSN, FTI, GEOS, NBR, NR,SOI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

As investors, we do a lot of reading and it can become tedious. I hope investors find my writing to be useful, actionable, and even less-than-painful to read. I write not only to share my own views but also to expose my analysis to criticism. I look forward to reader comments in opposition to my views most of all.