Barclays Downgrades Energy Services Sector Amid Bearish Outlook ...Middle East

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Barclays Downgrades Energy Services Sector Amid Bearish Outlook
source : OILPRICE ( Middle East ) () 61
Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating from Positive amid a bearish oil macro environment. The analysts have highlighted the absence of investor capital influx into the sector despite stable service and equipment markets and disciplined pricing, and see a potential risk for another cut to 2025 earnings. After posting three years of double-digit growth, the energy services sector is now facing a mid-cycle plateau in spending. “It's very difficult to see any of the "beta-driven"…

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