In a new report, Credit Suisse analyst James Wicklund has upgraded a handful of names in the oil services industry. Wicklund believes that investors should be scooping up shares of companies with unconventional North American exposure between now and the beginning of February.

Seasonal Cyclicality

Wicklund points out that February typically marks the end of a six-month market discount period for oil services stocks and that these names typically rebound from early February through at least mid-April. U.S. drilling activity is typically about 7.0 percent higher in the second half of the year than the first half.

The oil services sector was up 12 percent from Feb. 1 to April 15 in 2015.

Bottom Of The Cycle?

Despite the optimism, Credit Suisse is still among the consensus that believes…

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