Oil & Gas Services Companies To Look For As Earnings Seasons Heats Up

Michael Teague |

The first earnings season of 2014 has already officially begun, but the amount of companies reporting their balance sheets will increase substantially beginning on Tuesday.

Indeed, giants like Johnson & Johnson (JNJ) , Delta Airlines (DAL) , and Verizon Communications (VZ) will all be letting their shareholders know about how things went during the recently-ended quarter and year, and while the big oil companies won’t be joining them just yet, investors can look to oil & gas services companies for some at least some preliminary clues as to how the year went for the energy industry.

Last week, the largest services company in the game, Schlumberger Ltd. (SLB) came out strong with a 22 percent uptick in profits for the fourth quarter of 2013, and the stock has been rewarded with upgrades and a nearly 2 percent jump in share-price. On Tuesday, investors can expect reports from Halliburton (HAL) and Baker Hughes (BHI) , but as shale production ramps up in the US and the rest of the world, services companies in general stand to benefit greatly.

The following are the companies who have started off this year on the momentum of excellent 2013 returns.

Core Laboratories NV (CLB)

Market-Cap: $8.70 billion

Price: $191

Performance (Year): +70 percent

Tesco Corporation (TESO)

Market-Cap: $794 million

Price: $20.32

Performance (Year): +69 percent

Exterran Holdings Inc. ($EXH)

Market-Cap: $2.3 billion

Price: $35.20

Performance (Year): +56.50 percent

Natural Gas Services Group Inc. (NGS)

Market-Cap: $333.90 million

Price: $27

Performance (Year): +55 percent

Newpark Resources Inc. (NR)

Market-Cap: $1.04 billion

Price: $12.10

Performance (Year):+49 percent

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Symbol Name Price Change % Volume
ANGP null n/a n/a n/a 0
BHI Baker Hughes Incorporated 52.15 -0.20 -0.38 3,056,113
CLB Core Laboratories N.V. 105.21 -0.99 -0.93 661,661
DAL Delta Air Lines Inc. 41.37 0.20 0.49 8,714,116
EXH Exterran Holdings n/a n/a n/a 0
HAL Halliburton Company 48.24 -0.19 -0.39 7,399,113
JNJ Johnson & Johnson 113.61 0.17 0.15 6,141,858
NR Newpark Resources Inc. 7.10 -0.10 -1.39 321,449
SLB Schlumberger N.V. 80.31 -0.16 -0.20 5,617,438
TESO Tesco Corporation 8.00 0.10 1.27 104,407
VZ Verizon Communications Inc. 48.21 0.01 0.02 19,414,749


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