Deutsche Bank’s $111 price target on Schlumberger implies roughly 40% upside from current levels, good news for OIH because the ETF allocates 21.4% of its weight to that name. [Oil Services ETF Gains Momentum]
Deutsche Bank is also bullish on Oceaneering International (NYSE: OII) with a $75 price target on that stock, implying upside of more than 60% from current levels, according to 24/7 Wall Street. Deutsche’s price targets on Superior Energy Services (NYSE: SPN) and Exterran Holdings (NYSE: EXH) are about 60% and 50%, respectively, above current levels.
Exterran is not one of the 26 stocks held by oil, but the ETF devotes a combined 4.8% of its weight to Oceaneering International and Superior Energy.
Market Vectors Oil Service ETF
