VanEck Oil Services ETF (NYSEARCA:OIH) Reaches New 1-Year High – Still a Buy?

VanEck Oil Services ETF (NYSEARCA:OIH) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $353.16 and last traded at $350.2510, with a volume of 100001 shares trading hands. The stock had previously closed at $345.26.

Key VanEck Oil Services ETF News

Here are the key news stories impacting VanEck Oil Services ETF this week:

• Positive Sentiment: Venezuelan lawmakers approved sweeping reforms to the country’s main oil law that lower taxes, grant more autonomy to private operators and allow asset transfers/outsourcings — measures likely to unlock new upstream projects and service contracts. Sweeping oil reform in Venezuela approved, operators expected to gain autonomy
• Positive Sentiment: The U.S. eased some sanctions on Venezuela’s oil industry, clearing a pathway for increased exports and foreign operator activity that would raise demand for oil services. US eases sanctions on Venezuelan oil industry
• Positive Sentiment: Major producers/traders are already moving: Chevron plans to boost Venezuelan exports to the U.S., and Citgo has purchased Venezuelan crude — signs of rising flows and upstream activity. Chevron to boost exports of Venezuelan oil to US in March, sources say Citgo buys first Venezuelan oil cargo since ending ties with Venezuelan parent
• Positive Sentiment: Geopolitical tensions (notably Iran) and U.S. military movements have pushed oil prices higher, a direct tailwind for oil service demand and dayrates. Oil prices rise more than 2% as Trump weighs strikes on Iran
• Positive Sentiment: Technical and macro forecasts point to further upside in crude (breakout above key resistance and 200‑day MA; Citi expects prices to remain elevated), supporting continued strength for oil services exposure. Crude Oil Price Forecast: Breakout Signals Potential Upside Continuation Citi expects oil prices stay elevated despite oversupply risks
• Neutral Sentiment: Supply-side developments are mixed: U.S. commercial crude stocks fell (supportive for prices), while some global loadings (e.g., Nigerian grades) are scheduled lower — net effect uncertain near term. U.S. Crude Oil Stockpiles Post Weekly Decline as Imports Fall
• Neutral Sentiment: Regional financing and contract activity (Afreximbank facility for Sonangol; Petrobras contract renewals) support longer-term project activity but are incremental for near‑term OIH moves. Afreximbank announces $1.75 billion facility for Angola’s national oil company Sonangol Petrobras renews oil deals with Indian refiners worth more than $3.1 bln
• Negative Sentiment: Political and legal risks: House Democrats warned companies about legal/financial risks from Venezuela transactions, and a U.S. lawmaker is probing trading houses’ dealings — these raise regulatory/transactional uncertainty for firms seeking work in Venezuela. House Democrats warn oil companies of risks of Venezuela transactions US lawmaker asks Vitol, Trafigura about Venezuela oil deals
• Negative Sentiment: Some upstream players remain pressured by weak prices in places — France’s Maurel & Prom posted a sales miss, a reminder that not all regions benefit equally and margins can be volatile. France’s Maurel & Prom posts annual sales miss on weak oil prices

VanEck Oil Services ETF Trading Up 1.8%

The company has a market cap of $1.84 billion, a price-to-earnings ratio of 10.97 and a beta of 1.16. The firm has a 50-day moving average price of $305.18 and a 200 day moving average price of $274.35.

Hedge Funds Weigh In On VanEck Oil Services ETF

Large investors have recently bought and sold shares of the business. MTM Investment Management LLC bought a new position in VanEck Oil Services ETF during the 2nd quarter worth $27,000. Wexford Capital LP bought a new stake in shares of VanEck Oil Services ETF during the third quarter valued at approximately $27,000. Founders Financial Alliance LLC acquired a new position in shares of VanEck Oil Services ETF during the third quarter worth approximately $33,000. Advisory Services Network LLC bought a new position in VanEck Oil Services ETF in the 3rd quarter worth approximately $43,000. Finally, Qube Research & Technologies Ltd acquired a new stake in VanEck Oil Services ETF in the 2nd quarter valued at approximately $53,000. Institutional investors own 94.50% of the company’s stock.

About VanEck Oil Services ETF

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.