Why are oil service stocks down

Oil's latest price moves and today's key news stories driving crude's action, as Investor Bill Ackman advises Trump to shut down the country, saying stock market 'will Coronavirus could weaken climate change action and hit clean energy  Track the latest news, trends and analysis on oil stocks and energy industry news . price hikes from service providers Halliburton (HAL) and Schlumberger (SLB) Andrew Cuomo shut down Broadway and banned gatherings of more than 

21 Jan 2020 Shares of oilfield services provider Halliburton are stronger in Natural gas futures are sharply lower, trading down to new lows not seen since  20 Dec 2019 consistently down-and-out sector of the markets ever since oil prices crashed in 2014. Through late 2019, energy stocks were up 5.8% on the  Battle between strongmen threatens to upend markets and damage economies. Save Saudi Aramco doubles down on output hike as price war intensifies. 25 Jun 2019 Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular:  13 Dec 2019 Citi's top oilfield service picks for 2020 are Halliburton Co., Nextier favors Canadian energy firms relative to their neighbors down south as the  9 Sep 2019 and drilling companies Precision Drilling Corp. and Ensign Energy Services Inc., as their depressed market capitalizations have fallen to the point  3 days ago Stock Market Quotes, Business News, Financial News, Trading Ideas, Then they narrow down the field to our Top 5 Trading Picks of The Day. Want to know more? It's all inside our market-leading Stocks to Watch Service.

Since the end of last year, both oil and the stock market have come roaring back from a steep fourth-quarter selloff. Energy-sector stocks have outpaced the S&P 500’s SPX, +0.69% strong gain of nearly 15% in the year to date. The sector-tracking Energy Select Sector SPDR exchange-traded fund XLE, +1.79% is up nearly 17%.

Oil prices bottomed in 2016, yet energy equities have generally lagged at best, and oil service stocks actually made new lows in 2018, even with oil prices much higher than their 2016 levels, with Many American oil and gas companies saw their stocks decline by double digits in the last 10 days of last month, as petroleum prices declined across board following weeks of steady gains. One reason: Analysts thought OPEC would commit to a larger production cut than the one originally announced, at "only" 1.8 million barrels per day. Oil price war will hurt Russia and Saudi Arabia, but Russia is likely more resilient: Analyst 5 Oil Stocks to Buy Even If Oil Prices Keep Falling These oil stocks depend less on crude prices to bolster themselves By Will Healy , InvestorPlace Contributor Dec 19, 2018, 3:22 pm EDT December A Jump Start for the Oil Sector The likely coming surge in oil prices could well help turn the tide on the energy stocks which have had a bad run for years on end, according to at least one measure. Rising commodity prices may represent a drag for profit margins. Despite recent weakness, the U.S. stock market remains one of the best-performing asset classes of 2018, but the uptrend that Wall Street has been enjoying could be halted by another asset class, which has seen even steeper gains thus far this year.

Oil Stocks Drop The biggest losers in this price war are the stocks. iShares S&P Global Energy Sector ETF ( IXC ) - Get Report has lost 23% of its value this year to date and 11% in the past month.

10 Feb 2020 There's more oil and gas than ever — and the industry is tanking driver pushing stocks down, but now climate change worries are among the 

3 Feb 2020 (See Northern Oil and Gas stock-price forecast on TipRanks) A 90-day period set by Washington to wind down foreign purchases of 

A Jump Start for the Oil Sector The likely coming surge in oil prices could well help turn the tide on the energy stocks which have had a bad run for years on end, according to at least one measure. Rising commodity prices may represent a drag for profit margins. Despite recent weakness, the U.S. stock market remains one of the best-performing asset classes of 2018, but the uptrend that Wall Street has been enjoying could be halted by another asset class, which has seen even steeper gains thus far this year. Oil Stocks Drop The biggest losers in this price war are the stocks. iShares S&P Global Energy Sector ETF ( IXC ) - Get Report has lost 23% of its value this year to date and 11% in the past month.

29 Jan 2020 While the future of the internal combustion engine is probably dim, the electric vehicle revolution will not change the status quo anytime soon.

The drop in the price of crude sent most oil stocks down today, though it had the greatest impact on SM Energy and Laredo Petroleum, which declined about 10% by mid-afternoon. That's because

The drop in the price of crude sent most oil stocks down today, though it had the greatest impact on SM Energy and Laredo Petroleum, which declined about 10% by mid-afternoon. That's because President Trump has said gas prices are too high. President Trump has said gasoline prices are too high. He asked Saudi Arabia to increase its oil output by two million barrels. People who understand the industry immediately said there was no way the Saudis would raise its output because that would lower prices and profits. These oil stocks offer compelling value for patient investors. Slowing global economic growth and demand concerns have WTI crude oil prices down more than 20% from a year ago. Oil investors Oil prices bottomed in 2016, yet energy equities have generally lagged at best, and oil service stocks actually made new lows in 2018, even with oil prices much higher than their 2016 levels, with