Pritchard Capital Provides Color on Oil Services

Pritchard Capital provided color on oil services. In a research report published today, Pritchard states, "The Oil Service Index (OSX-256.78) retreated 4.0% last week to underperform the S&P 500 (1,270.98) by 180 basis points. Last week, oil service shares within our coverage universe broadly traded lower with the exception of the Geotechnology names as that group advanced 2% with OYO Geophysical (OYOG-$94.83) posting a gain of 7%." On Friday, OYO Geophysical closed OYOG the day at $94.83, or 4.08% above the previous close.