In the latest US rig count report released by Baker Hughes (BHI), the number of active US rigs drilling for oil grew by four to 804 last week, compared to the previous week.
In the latest US rig count released by Baker Hughes (BHI), the number of active US rigs drilling for oil and gas stayed flat between December 15 and December 22 at 70.
On August 4, Baker Hughes will release its weekly US natural gas rig count report. The US natural gas rig count rose by six to 192 rigs on July 21–28, 2017.
On June 12, 92% of the analysts tracking Halliburton rated it as a “buy,” ~3% of the analysts rated it as a “sell,” and the other 5% rated it as a “hold.”
From December 30, 2016, until the week ending May 26, 2017, the US rig count rose 10% and closed at 908. The international rig count rose 1% in April 2017.
National Oilwell Varco’s (NOV) EV (enterprise value) when scaled by the trailing 12-month (or TTM) adjusted EBITDA isn’t meaningful due to its negative earnings.
In the past couple of years, some of the major US upstream and integrated companies have reduced their capital expenditures, following crude oil’s sharp price decline.
On May 2, 2017, National Oilwell Varco (NOV) had an implied volatility of 28.3%. After it announced its earnings on April 26, 2017, NOV’s implied volatility fell.
In this article, we’ll analyze the correlations between West Texas Intermediate (or WTI) crude oil and the stock prices of Schlumberger, Halliburton, Baker Hughes, and National Oilwell Varco.
The Energy Chemistry Technology segment accounted for 76% of Flotek Industries’ revenues in 1Q17. The segment’s revenues rose 36% in 1Q17—compared to 1Q16.
In the past year, Schlumberger’s (SLB) North America revenues declined 14%. In 1Q17, SLB’s revenues from North America totaled 28% of its total revenues.
In this series, we’ll compare four of the most prominent US oilfield services and equipment companies—Schlumberger (SLB), Halliburton (HAL), Baker Hughes (BHI), and National Oilwell Varco (NOV).
Halliburton (HAL) released its 1Q17 financial results on April 24, 2017. It recorded total revenues of ~$4.3 billion in 1Q17, a ~2.0% rise from ~$4.2 billion in 1Q16.
On April 10, ~58% of the analysts tracking Baker Hughes rated it as a “buy” or some equivalent, ~42% rated the company as a “hold,” and none of the sell-side analysts rated it as a “sell” or an equivalent.
BHI’s Latin America operations fell 47%, which was the company’s highest revenue decline. The company’s Middle East and Asia operation was the most resilient, falling ~16%.
In 1Q17, analysts expect an adjusted loss of ~$0.19 per share for Baker Hughes (BHI), which is a 38% improvement over its adjusted loss of $0.30 per share in 4Q16.
On April 10, 2017, Seadrill had fallen 73.1% over the past year. Seadrill has the highest implied volatility of all the OFS constituents of the VanEck Vectors Oil Services ETF (OIH).
In 1Q17, analysts expect Schlumberger (SLB) to post adjusted earnings per share (or EPS) of $0.26, a fall of 3% compared to its 4Q16 adjusted EPS of $0.27.
In 4Q16, Halliburton’s total debt fell 19% compared to a year earlier, and its cash and marketable securities fell 60%. In effect, its net debt rose 59% to ~$8.4 billion as of December 30, 2016.
In 4Q16, Halliburton’s North American revenue share rose to 45%, compared to 43% in 3Q16. Weatherford International’s North American revenue share was ~37% in 4Q16.
In this article, we’ll discuss Halliburton’s 2016 value drivers. From 4Q15 to 4Q16, Halliburton’s Drilling and Evaluation (or D&E) segment’s revenue fell 22%.
The correlation coefficient between Schlumberger’s stock price and crude prices from March 2016 to March 2017 is 0.62, indicating a positive relationship.
From 4Q15 to 4Q16, revenues for National Oilwell Varco’s (NOV) Rig Systems segment fell ~58%. This was the highest revenue drop among NOV’s operating segments.
In the past year, Weatherford International’s North American revenue share has fallen marginally. In 4Q16, its North American revenue share was ~37%, compared to 37.5% in 4Q15.
We’ll now look into Flotek Industries’ (FTK) segment performance in 4Q16. The Energy Chemistry Technologies segment accounted for 68% FTK’s 4Q16 revenues.
On February 21, 2017, Seadrill (SDRL) had the highest implied volatility among the OFS companies that are part of the VanEck Vectors Oil Services ETF (OIH).
In this article, we’ll look at Wall Street analysts’ targets for the oilfield equipment and services (or OFS) companies we discussed earlier in this series.
In 4Q16, Baker Hughes’s revenue generated outside North America fell compared to 4Q15. The fall was the highest among our selected oilfield equipment and services companies.
In this article, we’ll discuss how our four oilfield equipment and services (or OFS) companies have fared in terms of revenue growth in 4Q16 compared to 4Q15.
In this series, we’ll compare the four most prominent US oilfield equipment and services (or OFS) companies, all of which have market caps of over $5.0 billion.
Apache Corp’s increased focus in the Permian, along with its Alpine High discovery in the Delaware Basin within the larger Permian Basin, could be a game-changer.
On January 31, 2017, Seadrill (SDRL) had the highest implied volatility among the OFS (oilfield equipment and services) companies that are part of the VanEck Vectors Oil Services ETF (OIH).
Baker Hughes (BHI) released its financial information for 4Q16 on January 26, 2017. Its stock reacted slightly negatively immediately following the earnings release.
Baker Hughes (BHI) released its 4Q16 financial results on January 26. The company posted total revenues of ~$2.4 billion in 4Q16, down 29% from ~$3.4 billion in 4Q15.
On December 12, 2016, Patterson-UTI Energy (PTEN), one of the prominent contract drillers in North America, disclosed that it agreed to acquire Seventy Seven Energy (SVNT).
On January 17, 2017, Tidewater (TDW) had the highest implied volatility among the OFS (oilfield equipment and services) companies that are part of the VanEck Vectors Oil Services ETF (OIH).
On January 10, Baker Hughes had an implied volatility of 29.5%. Baker Hughes accounts for 3.3% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES).
From September to December, the international rig count fell 1%. A lower international rig count could impact Baker Hughes’s revenues and earnings growth.
From September 30, 2016, until the week ending January 6, 2017, the US rig count rose ~27%. It could increase Baker Hughes’s revenues and earnings in 4Q16.
