Vaneck Vectors Oil Services Etf ETF News

Every week we highlight the most timely exchange-traded fund news, from new launches to inflows and performance.

Crude prices are expected by analysts to extend gains, enriching companies further.

Every week we highlight the most timely exchange-traded fund news, from new launches to inflows and performance.

Shares of NOV Inc. dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia''s invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target was raised to $22 from $18. The stock has run up 23.4% month to date, while the VanEck Oil Services ETF has advanced 16.5%, crude oil futures have climbed 13.7% and the S&P 500 has slipped 2.8%, even as Wall Street estimates for earnings before interest, taxes, depreciation and amortization (Ebitda) have declined. "[W]e are not 100% confident that Russia developments don''t make sourcing materials, like aluminum, copper, nickel and steel, more problematic for a company that was already struggling with its supply chain and material cost inflation," Mulvehill wrote in a note to clients. He also downgraded Cactus Inc. and ChampionX Corp. to neutral from buy amid valuation concerns, and their stocks fell 6.2% and 0.5%, respectively.

Sector ETF report for OIH

With Russia’s invasion of Ukraine into its second week, the economic fallout is gradually coming into focus.

Sector ETF report for IEZ

VanEck Vectors Oil Services ETF, Simplify Interest Rate Hedge ETF, Aberdeen Standard Physical Palladium Shares ETF, Breakwave Dry Bulk Shipping ETF and ARK Innovation ETF are highlighted in this Analy

Smart Beta ETF report for XES

We have highlighted the five best-performing zones and their ETFs halfway through first-quarter 2022.

This energy ETF hits a new 52-week high. Are more gains in store for this ETF?

Sector ETF report for XES

OIH, XOP, RSX, JETS and XRT are included in this analyst blog.

Oil price topped above $90 per barrel for the first time since 2014 on supply disruptions and unprecedented demand. We have highlighted ETFs that are expected to benefit/lose from higher oil price.

Wall Street has been on choppy ride since the start of 2022 due to rising rate worries. These ETF areas still have offered 10%+ returns.