Weatherford International’s (WFT) Latin American revenue fell the most (21.0%) from 1Q16 to 1Q17.
In the past year, Weatherford International’s (WFT) revenue share from North America has risen to ~38.0% compared to 37.0% in 4Q16.
Weatherford International’s (WFT) management doesn’t expect energy prices to increase sharply from the current level.
On June 6, 2017, Weatherford International (WFT), an OFS company, was trading at $4.73. That’s a ~12.0% fall since the beginning of 2017.
Macy’s (M) stock fell 8.2% on June 6, 2017, in reaction to the cautious statements made by Macy’s chief financial officer, Karen M. Hoguet, about its contracting gross margin.
Overall, 2017 started on a positive note for Alcoa (AA) as well as the broader metals and mining sector (XME).
Cheniere Energy (LNG) was trading at an EV-to-sales (enterprise value-to-sales) multiple of 15.4x on June 6, 2017, quite low compared to its trailing-ten-quarter average.
Cheniere Energy’s (LNG) 30-day implied volatility was 30.3% on June 6, 2017.
Cheniere Energy (LNG) was trading 12.5% above its 200-day simple moving average and 5.0% above its 50-day simple moving average on June 6, 2017.
Uncertainty in the global liquefied natural gas market grew after Saudi Arabia and others cut economic and political ties with Qatar. Cheniere Energy has risen 2.4% since the crisis unfolded.
Juno Beach, Florida–based NextEra Energy (NEE) has managed to rise nearly 20% so far this year. Let’s consider NextEra Energy’s current chart indicators to see if it can continue to rise.
Although we saw steel prices climb upward in January and February, the downward correction in April and May took away all those gains.
The correlation coefficient between Patterson-UTI Energy’s (PTEN) stock price and the price of crude oil from June 5, 2016, to June 5, 2017, comes in at 0.64.
Patterson-UTI Energy’s (PTEN) enterprise value, when scaled by its trailing-12-month adjusted EBITDA, is lower than the group average.
The short interest in Patterson-UTI Energy (PTEN) as a percentage of float was 9.2% on June 5, 2017, as compared to 15.0% on March 31, 2017.
PTEN’s adjusted earnings were negative in 1Q17, and so its PE (price-to-earnings) multiple was not meaningful in 1Q17.
In the past year, Patterson-UTI Energy’s stock has risen 6% (as of June 5, 2017), outperforming the VanEck Vectors Oil Services ETF’s (OIH) -13% returns.
Williams Companies (WMB) is trading considerably below its historical levels due to the recent beating it took in the market.
Williams Companies’ (WMB) 30-day implied volatility was 22.6% on June 6, 2017. In comparison, the Alerian MLP ETF (AMLP) has an implied volatility of 16.4%.
Williams Companies (WMB) fell below its 200-day simple moving average following its fall last week.