Alex Chamberlin
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Alex Chamberlin
Halliburton Reacts to Changing Crude Oil Prices: Update
Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22—a moderately positive correlation.
Analyzing Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $43.14 and $40.46 by August 3—based on its implied volatility.
How Schlumberger Reacted to Crude Oil’s Moves Last Week
In the week ending July 27, Schlumberger’s (SLB) correlation with crude oil was 0.48.
What Are Schlumberger’s One-Week Returns?
In the week ending July 27, Schlumberger (SLB) rose 1.4%.
How WFT Stock Reacted to Second-Quarter Earnings
Since April 24, when Weatherford’s Q1 2018 financial results were released, its stock has increased 26%.
National Oilwell Varco’s Q2 2018 Earnings and the Market
Since April 26 when National Oilwell Varco released its Q1 2018 financial results, NOV stock has risen 10%.
What Analysts Recommend for TechnipFMC after Q2 Earnings
As of July 25, the day TechnipFMC released its Q2 2018 earnings, approximately 67% of Wall Street analysts tracking TechnipFMC rated it a “buy” or some equivalent.
How TechnipFMC Stock Reacted to Second-Quarter Results
On July 25, 2018, FTI’s stock price was down 10.9% compared to May 9 when its first-quarter financial results were released.
TechnipFMC’s Q2 2018 Earnings Missed the Estimates
TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion.
How Halliburton’s Segments Performed in the Second Quarter
The C&P segment accounted for 68% of HAL’s Q2 revenues.
Analyzing Schlumberger’s Segments in Q2 2018
SLB’s Drilling group’s operating margin deflated to 13.0% in Q2 2018 from 14.0% in Q2 2017.
Why Halliburton’s Q2 2018 Earnings Narrowly Missed Estimates
Halliburton (HAL) released its Q2 2018 financial results today. The company recorded total revenues of ~$6.15 billion in Q2 2018, up 24% from its ~$4.96 billion in Q2 2017.
Wall Street’s Forecasts for WFT before Q2 2018 Earnings
From April 17 to July 17, the percentage of analysts recommending a “buy” or some equivalent for WFT has increased from 69.0% to 73.0%.
How Is Weatherford Reacting to Crude Oil’s Change?
The correlation between Weatherford International’s (WFT) stock price and crude oil’s price from April 17 to July 16 was 0.03.
Weatherford International’s Short Interest on July 17
Short interest in Weatherford International (WFT) as a percentage of its float was 12.6% on July 17.
A Look at Weatherford International’s Stock Price Forecast
On July 17, Weatherford International’s (WFT) implied volatility was ~65.2%.
Will Weatherford International’s EBITDA Margin Change in Q2 2018?
From Q1 2017 to Q1 2018, Weatherford International’s (WFT) EBITDA margin increased from 6.2% to 10.6%.
What Do Analysts Expect from WFT’s Q2 2018 Earnings?
Weatherford International (WFT) plans to hold its Q2 earnings call on July 27. Analysts expect an adjusted loss of $0.18 per share for WFT.
Short Interest in ION Geophysical
As of January 19, the short interest in ION Geophysical (IO) as a percentage of its float was 8.9%—compared to 6.4% as of January 1.
ION Geophysical Reacts to Crude Oil
ION Geophysical’s (IO) correlation with crude oil on April 19–July 19 was 0.30. The correlation represents a positive relationship.
Schlumberger Reports Q2 2018 Earnings, Beats Estimates
Schlumberger (SLB) released its Q2 2018 results on July 20 with total revenue of $8.3 billion, up 11.3% from $7.46 billion in Q2 2017.
National Oilwell Varco: Analysts’ Forecasts before Its Earnings
As of July 16, sell-side analysts’ mean target price for National Oilwell Varco was $37.7. Currently, National Oilwell Varco is trading at ~$43.9.
National Oilwell Varco Reacts to Crude Oil’s Change
The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52.
Short Interest in National Oilwell Varco as of July 16
The short interest in National Oilwell Varco (NOV) as a percentage of its float was 5.9% as of July 16.
Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $47.12 and $43.58 by July 20 based on its implied volatility. Halliburton’s stock price was $45.35 as of July 13.
Analyzing Schlumberger’s Stock Price Forecast This Week
Between April 20 and July 13, Schlumberger’s implied volatility fell from ~24% to 23.2%. The company’s stock price fell 1.7% during the same period.
TETRA Technologies: Wall Street Analysts’ Forecast
Approximately 83% of Wall Street analysts tracking TETRA Technologies rated it as a “buy” or some equivalent as of July 12.
TETRA Technologies Reacts to Crude Oil
TETRA Technologies’ (TTI) correlation with crude oil on April 12–July 12 was 0.30. The correlation represents a positive relationship.
What Were TETRA Technologies’ One-Year Returns?
TETRA Technologies’ (TTI) one-year returns were 71% until July 12. Since July 13, 2017, the Energy Select Sector SPDR ETF (XLE) has increased 16.7%.
What’s TechnipFMC’s Stock Price Forecast ahead of Earnings?
TechnipFMC will likely close between $34.17 and $29.53 by July 25 based on its implied volatility.
How TechnipFMC Is Reacting to Crude Oil’s Moves
TechnipFMC’s (FTI) stock price correlation with crude oil from April 10, 2017, to July 10, 2018, was 0.11.
How TechnipFMC Stock Has Performed
TechnipFMC’s (FTI) one-year returns were 15.5% as of July 10.
Will Upstream Operators’ Capex Impact TechnipFMC in Q2 2018?
In the past year, crude oil has increased ~64%.
What Analysts Project for TechnipFMC in the Second Quarter
In Q2 2018, analysts expect TechnipFMC to post adjusted EPS of $0.38, a 37% increase compared to the Q1 2018 adjusted earnings of $0.28.
Halliburton’s Stock Price Forecast ahead of Its Q2 2018 Earnings
From April 23 to July 6, Halliburton’s implied volatility has increased from 25.0% to 28.0%.
What Are Halliburton’s Estimates for Q2 2018 and Beyond?
Halliburton’s (HAL) management expects its upstream activities in North America to remain strong, supported by robust hydraulic fracturing activity.
What Analysts Expect for Halliburton’s Q2 2018 Earnings
Analysts expect Halliburton (HAL) to report adjusted EPS of $0.58 in Q2 2018, a 41% improvement from its Q1 2018 adjusted EPS of $0.41.
How Nabors Industries Reacted to Crude Oil’s Moves Last Week
In the week ending July 6, Nabors Industries’ (NBR) correlation with crude oil was 0.26.
What’s Nabors Industries’ Stock Price Forecast This Week?
Nabors Industries’ (NBR) implied volatility was 51.3% as of July 6.
How WFT Stock Has Reacted to Crude Oil Prices
Weatherford International (WFT) stock’s correlation with crude oil was strong between June 29 and July 6, at 0.72.
How Is Baker Hughes Reacting to Crude Oil Prices?
The correlation coefficient between Baker Hughes’s (BHGE) stock price and crude oil price between April 5, 2017, and July 5, 2018, was 0.15.
Will Upstream Capex Impact Baker Hughes’s Margin in Q2 2018?
From Q1 2017 to Q1 2018, the upstream companies constituting the Energy Select Sector SPDR ETF (XLE) boosted capex by 8%.
Analyzing Baker Hughes’s Revenues and Earnings in Q1 2018
On a combined business basis, from Q1 2017 to Q1 2018, Baker Hughes’s (BHGE) Oilfield Services segment saw 12% higher revenues.
Why Baker Hughes’s Q2 2018 Earnings Rose
For Q2 2018, analysts expect Baker Hughes to post adjusted earnings per share of $0.14.
What Wall Street Is Recommending for Schlumberger
According to data compiled by Reuters, as of July 3, 74% of Wall Street analysts tracking Schlumberger rated it a “buy” or some equivalent.
What’s Schlumberger’s Stock Forecast ahead of Earnings?
Between April 20 and July 3, Schlumberger’s (SLB) implied volatility increased from 24% to 25%.
Can US Rig Count and Upstream Capex Impact Schlumberger?
As of the week ended June 29, the US rig count was 1,047, up 5% compared to the week ended March 30.
What Analysts Expect from Schlumberger’s Q2 2018 Earnings
In the second quarter of 2018, analysts expect Schlumberger (SLB) to report $0.43 adjusted EPS, a 13% sequential increase.
Schlumberger’s One-Week Returns as of June 29
In the week ended June 29, Schlumberger (SLB) stock rose 0.7%. The Energy Select Sector SPDR ETF (XLE) rose 1.1% during the week.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton stock will likely close between $46.91 and $43.21 by July 6 based on its implied volatility. The stock price was $45.06 as of June 29.
Analysts’ Forecast for Superior Energy Services
Approximately 50% of the Wall Street analysts tracking Superior Energy Services rated it as a “buy” or some equivalent as of June 28.
Short Interest in Superior Energy Services
As of June 28, the short interest in Superior Energy Services (SPN) as a percentage of its float was 7.9%—compared to 15.4% as of June 28, 2017.
Superior Energy Services Reacts to Crude Oil’s Price
Superior Energy Services’ (SPN) correlation with crude oil’s price on March 28–June 28 was 0.62—a strong positive relationship.
Oil States International: Third-Highest ‘Sell’ Recommendations
Approximately 6% of the Wall Street analysts tracking Oil States International recommended a “sell” or some equivalent as of June 25.
Analyzing the Short Interest: NOV, FTI, OIS, TS, and OII
The short interest in Tenaris S.A. (TS) as a percentage of its float was 0.76% as of June 25—compared to 1.5% as of January 1.
Oceaneering International: 5% of the Analysts Gave a ‘Sell’ Rating
Approximately 5% of the analysts tracking Oceaneering International recommended a “sell” or some equivalent as of June 25.
Why Tenaris Is Seeing More ‘Sell’ Recommendations
On March 25–June 25, the percentage of analysts recommending a “sell” or some equivalent for Tenaris increased from 5% to 6%.
National Oilwell Varco Has the Most ‘Sell’ Ratings
Approximately 10% of the analysts tracking National Oilwell Varco have recommended a “sell” or some equivalent as of June 25.
Five OFS Companies with the Highest ‘Sell’ Recommendations
According to Wall Street analysts’ ratings, National Oilwell Varco (NOV) has the highest “sell” recommendations in the OFS industry.
Gauging Short Interest in Weatherford International
As of June 22, short interest in Weatherford International (WFT) as a percentage of its float was 14.1%, compared to 15.2% as of June 22, 2017.
WFT’s Stock Price Forecast for This Week
As of June 22, Weatherford International’s (WFT) implied volatility was 58.9%. Since April 24, when Weatherford International’s first-quarter financial results were released, its implied volatility has decreased from 63%.
How Is Oceaneering International Reacting to Crude Oil’s Price?
OII’s correlation with crude oil’s price from March 21 to June 21 represented a positive relationship between OII and crude oil.
What’s OII’s Stock Price Forecast for the Week Ending June 29?
On June 21, Oceaneering International’s (OII) implied volatility was 40.5%.
A Look at Oceaneering International’s Returns
Oceaneering International’s (OII) YoY (year-over-year) return was 9.2% on June 21. How did industry ETFs compare?
Schulmberger Is Ranked Fifth for ‘Buy’ Ratings
Approximately 74% of the analysts tracking Schlumberger recommended a “buy” or some equivalent as of June 19.
Patterson-UTI Energy’s ‘Buy’ Ratings Are Increasing
On March 19–June 19, the percentage of analysts recommending a “buy” or some equivalent for Patterson-UTI Energy has increased from 76% to 78%.
Top Five Oilfield Equipment and Services Companies
According to Wall Street analysts’ ratings, Halliburton (HAL) has the highest “buy” or some equivalent rating in the OFS industry.
Halliburton’s Stock Price Forecast This Week
Halliburton’s (HAL) implied volatility was 24.4% as of June 15. Since April 23, the day Halliburton released its first-quarter earnings, its implied volatility has fallen marginally.
Schlumberger’s Stock Price Forecast this Week
Schlumberger’s (SLB) first-quarter financial results were released on April 20. Between April 20 and June 15, Schlumberger’s implied volatility fell from 24.1% to 22%.
What’s the Short Interest in CARBO Ceramics?
As of June 13, 2018, short interest in CARBO Ceramics (CRR) as a percentage of its float was 45.8% compared to 41.1% as of June 13, 2017.
How CARBO Ceramics Stock Has Performed
On June 13, the West Texas Intermediate (or WTI) crude oil price was ~49% higher than it was a year ago.
Returns of Top Five Oilfield Companies by Expected Revenue Growth
McDermott International (MDR), which sell-side analysts expect to achieve the highest revenue growth in Q2, has produced 3.6% YTD returns as of June 12.
Carbo Ceramics’ Revenue Growth among the Industry’s Highest
Carbo Ceramics (CRR) comes in third in the ranking of our top five revenue growth companies in the OFS industry.
The Top Five Oilfield Companies by Expected Revenue Growth in Q2
In this series, we’ll rank and analyze the top five OFS companies that are expected to generate the highest revenue growth in Q2 2018.
Does Halliburton Have a Brighter Outlook for Q2 2018?
From June 8, 2017, to June 7, 2018, Halliburton (HAL) stock has risen 11%. The price of WTI crude oil has risen 45% in the same period.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton’s (HAL) implied volatility was 23.9% on June 8.
Schlumberger’s One-Week Returns on June 8
In the week ending June 8, Schlumberger (SLB) rose 0.7%. In comparison, XLE, which tracks an index of US energy companies, also rose 0.7%.
Halliburton Management: Its Views for 2018
Jeff Miller, Halliburton’s (HAL) CEO, considers North America one of HAL’s key growth engines in 2018.
Why Halliburton Stock Is Showing Some Strength
On June 5, Haliburton (HAL) was trading at $47.87, which was 4% higher than a year ago. In this series, we’ll see what’s driving it.
Wall Street’s Targets for SLB, HAL, KEG, NBR, and CLB
In this article, we’ll look at Wall Street’s targets for the OFS stocks that had the highest net debt-to-equity ratios in the first quarter.
A Look at the Short Interests of SLB, HAL, KEG, NBR, and CLB
Short interest in Schlumberger (SLB) as a percentage of its float was 1.5% on June 1, 2018, compared to 1.8% on June 1, 2017.
Comparing the Returns of 5 OFS Companies by Net Debt-to-Equity
From June 1, 2017, to June 1, 2018, Key Energy Services (KEG) produced an -11% return.
What Does Schlumberger’s Net Debt-to-Equity Ratio Suggest?
On March 31, 2018, Schlumberger’s (SLB) net debt was $13.9 billion, 20% higher than its net debt of $11.6 billion on March 31, 2017.
What’s Up with Halliburton’s Net Debt-to-Equity Ratio?
On March 31, 2018, Halliburton’s (HAL) net debt was $8.57 billion, 3% lower than its net debt of $8.88 billion on March 31, 2017.
The 5 Oilfield Companies with the Highest Net Debt-to-Equity
In this series, we’ll analyze the five oilfield equipment and services companies with the highest net debt-to-equity ratios in Q1 2018.
Halliburton Reacts to Crude Oil’s Price Change
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on May 25–June 1 was 0.99—a strong correlation.
Analysts’ Target Price for Schlumberger as of May 25
On May 25, ~75.0% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent.
Short Interest in Schlumberger as of May 25
Since May 26, 2017, short interest in SLB has increased 1.4%.
What Schlumberger’s Historical Valuations Suggest
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017.
Wall Street Forecasts for Keane Group
In this part of our series, we’ll look at Wall Street analysts’ forecasts for Keane Group (FRAC) as of May 25.
Gauging Short Interest in Keane Group as of May 25
As of May 25, 2018, short interest in Keane Group (FRAC) as a percentage of its float was 13.4%, compared to 32.5% as of May 25, 2017.
Keane Group’s Stock Price Forecast: What to Expect
On May 25, Keane Group’s (FRAC) implied volatility was 40.1%. On May 2, Keane Group’s first-quarter financial results came out.
Keane Group’s Latest Returns: Must-Knows
Keane Group’s (FRAC) one-year returns were -7.7% as of May 25. In comparison, since May 26, 2017, the Energy Select Sector SPDR ETF (XLE) increased 12.0%.
How NOW’s Short Interest Compares
On May 23, short interest in NOW (DNOW) as a percentage of its float had risen 145% YoY (year-over-year) to 16.3% from 6.7%.
How NOW Stock Has Reacted to Crude Oil Prices
Between January 1 and May 23, NOW’s (DNOW) correlation with crude oil was 0.38.
Forecasting NOW’s Stock Price over the Next 7 Days
Between May 2, when NOW (DNOW) released its first-quarter results, and May 23, its implied volatility fell from 43.7% to 39.1% and its stock price rose ~5.4%.
Schlumberger’s Dividend Yield and Why It Matters
In April, Schlumberger (SLB) announced a quarterly dividend of $0.50 per share to be paid in July. Schlumberger’s (SLB) quarterly dividend per share remained unchanged from Q1 2017 to Q1 2018.
Schlumberger’s Free Cash Flow and Capex after the First Quarter
Schlumberger’s (SLB) cash from operating activities (or CFO) decreased ~13% in the first quarter from a year ago. SLB generated $568 million in CFO.
Understanding Schlumberger’s First-Quarter Drivers
Schlumberger’s production group witnessed the highest revenue growth (~35%) in the first quarter compared to Q1 2017, followed by the Drilling (7.1%) and Cameron (5%) groups.
Schlumberger’s Stock Price after First-Quarter Earnings
Schlumberger Limited (SLB) is the largest US oilfield equipment and service (or OFS) company. Its stock price has risen in the past year.