The 26 oilfield services stocks tracked by this publication reported a strong first quarter, with aggregate revenues beating analysts' consensus estimates by 3.8%. Despite the top-line outperformance, share prices across the group have fallen an average of 10.2% since the latest earnings results. Helmerich & Payne posted revenues of $932.4 million, down 8.2% year on year and missing estimates by 1.9%, while its stock dropped 16.2%. Select Water Solutions was the best performer, with revenues of $366 million beating expectations by 6.8% and its stock rising 13.8%. Borr Drilling delivered the weakest performance against analyst estimates, with revenues of $247 million missing by 2.1% and its stock plunging 32%.
Helmerich and Payne Increvenues missed estimates by 1.9% and stock dropped 16.2%
Select Energy Services Increvenues beat expectations by 6.8% and stock rose 13.8%
ProFrac Holding Corp.
Borr Drilling Ltd
Liberty Energy Inc.