Tuesday, January 28, 2014

34 Largest US Oil & Gas Equipment & Services Companies Average Stock Prices Down 67% Due to Financial Meltdown Spillover Effects, Then Up 251% Under Obama and the US Fed

I found 34 US Oil & Gas Equipment & Services Companies classified in the Basic Materials Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 27, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 34 US Oil & Gas Equipment & Services Companies had their average stock prices drop by a massive 67% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 34 US Oil & Gas Equipment & Services Companies have increased by a very respectable 251% through January 27, 2014.       
           
Clearly, the investors in and employees of a clear majority of these 34 US Oil & Gas Equipment & Services Companies must be pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 34 US Oil & Gas Equipment & Services Companies on January 27, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 27, 2014:







Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Oil & Gas Equipment & Services Companies      1-27-14   3-6-09   12-31-07  1-27-14 3-6-09








Oil States Intl

       94.54      11.67      34.12 710% -66%
RPC Inc

       18.40        2.41        5.20 664% -54%
Helix Energy Solutions Group

       20.77        3.66      41.50 467% -91%
Parker Drilling

         7.61        1.40        7.55 444% -81%
Core Laboratories NV

      182.50      35.33      62.36 417% -43%
Oceaneering Intl

       69.23      14.60      33.68 374% -57%
TETRA Technologies

       10.69        2.33      15.57 359% -85%
Newpark Resources

       11.48        2.52        5.45 356% -54%
Dril-Quip

       99.55      21.98      55.66 353% -61%
TGC Industries

         6.64        1.49        7.56 346% -80%
Precision Drilling

         8.64        2.14      15.17 304% -86%
FMC Technologies

       48.93      12.17      26.91 302% -55%
Hornbeck Offshore Services

       42.67      10.73      44.95 298% -76%
Natural Gas Services Group

       27.73        7.31      19.61 279% -63%
Bolt Technology

       20.82        5.88      25.32 254% -77%
Carbo Ceramics

      106.75      32.84      37.20 225% -12%
Halliburton

       48.49      15.12      37.91 221% -60%
Dawson Geophysical

       33.35      10.40      71.46 221% -85%
Cameron Intl

       57.77      18.36      48.13 215% -62%
Basic Energy Services  
       16.87        5.49      21.95 207% -75%
Tesco Corp

       20.01        6.52      28.67 207% -77%
National Oilwell Varco

       73.31      24.96      73.46 194% -66%
PVR Partners LP

       27.26        9.55      24.57 185% -61%
Exterran Partners LP

       29.62      11.00      32.00 169% -66%
Gulfmark Offshore

       42.66      16.33      46.79 161% -65%
Schlumberger

       87.91      36.73      98.37 139% -63%
Exterran Holdings

       35.16      14.91      81.80 136% -82%
Baker Hughes

       56.25      26.58      81.10 112% -67%
Superior Energy Services

       24.20      11.70      34.42 107% -66%
Tidewater

       50.84      32.07      54.86 59% -42%
McDermott Intl

         8.30        5.58      30.46 49% -82%
Weatherford Intl Ltd

       14.06      10.31      34.30 36% -70%
Willbros Group

         8.39        7.31      38.29 15% -81%
Cal Dive Intl

         1.72        4.88      13.24 -65% -63%








Average % Change all 34




251% -67%