Weatherford on the Street: What the Analysts Say as of March 27
As of March 27, 2017, about 77% of analysts tracking Weatherford International (WFT) have recommended a “buy” or some equivalent for the stock.
On March 24, Weatherford International’s implied volatility was ~55%—lower than on February 1, when it announced its 4Q16 financial results.
On March 24, Schlumberger (SLB), the largest OFS company, and Weatherford International (WFT) announced that they would be forming a joint venture.
On March 24, 2017, Schlumberger’s (SLB) implied volatility was 19.5%.
On March 21, 2017, Schlumberger (SLB) announced that BP (BP) awarded SLB’s OneSubSea an engineering, procurement, and construction (or EPC) contract.
In the past one year, Schlumberger (SLB) stock is up 6% as of March 24, 2017.
On March 24, Schlumberger (SLB) and Weatherford International (WFT) announced that they would form a joint venture (or JV).
On March 24, 92% of the analysts tracking Halliburton rated it as a “buy,” ~5% rated it as a “hold,” and 3% rated it as a “sell.”
Haliburton stock will likely close between $51.11 and $47.71 in the next seven days. Halliburton’s stock price was $49.41 on March 24, 2017.
In a conference call on March 24, 2017, Halliburton’s (HAL) management said that the company could miss Wall Street analysts’ earnings estimate in 1Q17.
In this part of the series, we’ll analyze the correlation between the worst OFS (oilfield services and equipment) companies and crude oil.
Halliburton (HAL) ranks first among our list of OFS companies for earnings growth, with 92.0% of sell-side analysts recommending a “buy.”
In this part of the series, we’ll analyze the correlation between the top OFS companies and crude oil prices.
In this part of the series, we’ll compare the implied volatilities of the top OFS companies as rated by Wall Street analysts for 1Q17.
In this part of the series, we’ll look at the worst OFS stocks by expected earnings growth in 1Q17.
Short interest in Flotek Industries (FTK) as a percentage of float has risen to 26.4% as of March 22, 2017, compared to 25.9% as of December 30, 2016.
In this part of the series, we’ll look at the expectations for 1Q17 earnings of the best OFS stocks in the market.
Among our group of OFS companies, analysts expect Halliburton (HAL) to see the highest rise in adjusted EPS in 1Q17.
Wall Street analysts expect Oil States International (OIS) to see the steepest fall in adjusted EPS in our set of OFS companies.
Among our OFS companies, analysts expect Flotek Industries (FTK) to have the steepest fall in adjusted EBITDA in 1Q17.