FMSA Holdings Inc
Latest FMSA Holdings Inc News and Updates

WFT, FMSA, and SPN: Returns and Outlook after 3Q17
WFT, SPN, and FMSA have significantly underperformed the SPDR S&P 500 ETF (SPY), which has produced 23.0% returns since November 3, 2016.

Best Oilfield Service Stocks for 4Q16: Earnings Growth
Wall Street analysts expect Flotek Industries (FTK) to register positive EBITDA (or earnings before interest, tax, depreciation & amortization) in 4Q16.

What Do Analysts Expect from Flotek’s 4Q16 Earnings?
In 4Q16, analysts expect Flotek Industries (FTK) to post an adjusted loss per share of ~$0.04.

What Analysts Expect from Baker Hughes’s 1Q17 Earnings
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.

What Do Analysts Expect from Baker Hughes’s 4Q16 Earnings?
In 4Q16, analysts expect an $0.11 adjusted loss per share for Baker Hughes. They expect Baker Hughes’s adjusted loss to improve 29% in the coming quarter.

87% of Analysts Rate Hi-Crush Partners as a ‘Buy’
Analysts surveyed by Reuters seem bullish on Hi-Crush Partners (HCLP) with 87% rating the MLP as a “buy” and the remaining 13% rating it a “hold.”

What Is Patterson-UTI Energy’s Guidance on Its 4Q16 Results?
On January 23, 2017, Patterson-UTI Energy (PTEN) provided an update on its revenues and earnings for 4Q16. PTEN expects its revenues to increase 20% to $247 million in 4Q16, compared to $206.3 million in 3Q16.

How Halliburton’s Free Cash Flow Turned Around in 2Q17
Halliburton’s (HAL) cash from operating activities (or CFO) in 2Q17 was a huge improvement over 2Q16 as well as an increase over 1Q17.

Best Oilfield Services Stocks for 1Q17 by EPS Growth
Among our group of OFS companies, analysts expect Halliburton (HAL) to see the highest rise in adjusted EPS in 1Q17.

Wall Street’s Forecasts for Fairmount Santrol after Its 3Q17 Earnings
On November 2, 2017, after FMSA’s 3Q17 earnings were released, ~59% of the Wall Street analysts tracking Fairmount Santrol Holdings rated it as a “buy.”

Hi-Crush Partners Has Outperformed Peers in 2018 So Far
Hi-Crush Partners (HCLP) stock is up nearly 2% in 2018.

What Were Schlumberger’s Drivers in 2Q17?
In 2Q17, Schlumberger reported a net loss of ~$74 million—a sharp improvement compared to 2Q16 when it reported a net loss of $2.16 billion.

What Affected Flotek Industries in 2Q17?
We’ll now look into Flotek Industries’ (FTK) segment performance in 2Q17. Revenues in the Energy Chemistry Technology (or ECT) segment rose 2% in 2Q17 over a year ago.

A Look at What’s Happening to Halliburton’s Debt
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.

Why Hi-Crush Partners Is so Optimistic about Frac Sand Prices in 2017
Hi-Crush Partners stock currently trades near $21.4—more than five times its price a year ago.

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.

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%.

What’s the Short Interest in Helix Energy Solutions on May 10?
Since May 10, 2017, short interest in HLX has gone down 15%.

Analysts’ Forecasts for Schlumberger, Post-1Q18 Earnings Release
In this article, we’ll look at Wall Street analysts’ forecasts for Schlumberger (SLB) following its 1Q18 earnings release.

Short Interest in Oil States International on April 18
As of April 18, 2018, the short interest in Oil States International as a percentage of its float was 8.2%—compared to 10.3% as of April 18, 2017.

Schlumberger: Analysts’ Recommendations before 1Q18
As of April 11, 2018, 78% of the analysts tracking Schlumberger rated it as a “buy,” ~19% rated it as a “hold,” and 3% rated it as a “sell.”

Short Interest in the Top 5 OFS Companies by Free Cash Flow
Short interest in Schlumberger (SLB) as a percentage of its float was 1.7% on March 20, 2018, compared to 1.2% on March 20, 2017.

Analysts’ Recommendations: WFT, CRR, RES, FMSA, and SLCA
Analysts’ consensus target price for U.S. Silica Holdings was ~$38.5 on March 14. U.S. Silica Holdings is trading near $26.3.

Short Interest in 2018: WFT, CRR, RES, FMSA, and SLCA
The short interest in CARBO Ceramics (CRR) as a percentage of its float was 51.2% as of March 14, 2018—compared to 46.0% as of January 1, 2018.

Fairmount Santrol Holdings Has Fallen 19% in 2018
Fairmount Santrol Holdings’ (FMSA) YTD returns are -18.9% as of March 14, 2018. Fairmount Santrol Holdings has underperformed the US rig count.

Ranking the 5 Worst OFS Companies by Market Returns in 2018
As of March 14, 2018, Weatherford International (WFT) has seen the steepest YTD fall in stock prices in the OFS industry.

Wall Street Analysts’ Targets for FMSA, SPN, OIS, and NOV
Only two sell-side analysts track Flotek Industries (FTK), as surveyed by Reuters. Both analysts recommended a “buy” or some equivalent on March 9, 2018.

Returns from OFS Stocks Trading at a Discount
Flotek Industries underperformed OIH in the past year. Since March 10, 2017, Flotek Industries stock has decreased ~44%.

Ranking OFS Companies by Their Valuation Multiples
Flotek Industries’ (FTK) forward EV-to-EBITDA multiple is at the steepest discount to its current EV-to-EBITDA multiple on March 9, 2018.

Short Interest in Nabors Industries on February 12
On February 12, 2018, short interest in Nabors Industries (NBR) as a percentage of its float was 18.6% compared to 7.8% on February 13, 2017.

Wall Street’s Forecast for Schlumberger after 4Q17 Earnings
Approximately 71% of the analysts tracking Schlumberger rated it as a “buy” or some equivalent on January 19, 2018.

Ranking the Top 5 Oilfield Companies by Free Cash Flow
In 3Q17, the oilfield equipment and services (or OFS) industry has seen a mixed scenario. Some companies have generated strong positive free cash flow (or FCF), while some were free cash flow–negative.

Why 86% of Wall Street Analysts Rate Hi-Crush Partners a ‘Buy’
Analysts’ consensus target price for Hi-Crush Partners (HCLP) for the next year is $16. The median target price implies a massive 57% price return over the next year, based on HCLP’s current price of $10.2.

A Peek at Halliburton’s Post-3Q17 Net Debt
Halliburton’s net debt In 3Q17, Halliburton’s (HAL) total debt fell 11% from the year prior, while its cash and marketable securities fell 42%. Its net debt remained at ~$9.0 billion. Despite a decrease in total debt, a steep decline in cash and marketable securities prevented any sharp fall in HAL’s net debt. Is HAL’s credit rating changing? Moody’s maintained Halliburton’s […]

How Will Nabors Industries Use Its Free Cash Flow after 3Q17?
Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 3Q17, compared to a positive CFO a year ago.

HCLP, EMES: Does the 2017 Fall Make Frac Sand MLPs Attractive?
Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP), which are frac sand MLPs, have fallen 45.0% and 60.0%, respectively, YTD (year-to-date).

Understanding Halliburton’s Net Debt after 2Q17
In 2Q17, Halliburton’s (HAL) total debt fell 14% from 2Q16, while its cash and marketable securities fell 31%.

Understanding Upstream Operators’ Capex and Nabors’s Margin in 2Q17
Nabors Industries’ (NBR) EBITDA (earnings before interest, tax, depreciation, and amortization) margin fell to 21.6% in 2Q17 from 29% in 2Q16.

What Are Nabors Industries’ Capex Plans for 2017?
Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.

What’s Happening to Halliburton’s Net Debt?
In 1Q17, Halliburton’s (HAL) total debt fell 29% compared to a year earlier, while its cash and marketable securities fell 78%.

What’s ahead for Frac Sand Producers?
Frac sand producers Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP) rose nearly 44% and 16%, respectively, over the last 12-month period.

A Look at Patterson-UTI Energy’s Higher 2017 Capex Plan
Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.

Can Upstream Operators’ Capex Affect PTEN’s Margin in 2017?
Some of the major US upstream and integrated companies have gradually reduced their capex following crude oil’s sharp price fall since mid-2014.

What Were Schlumberger’s Drivers in 1Q17?
Schlumberger’s (SLB) Latin America region witnessed the highest revenue decline (30% fall) in 1Q17—compared to 1Q16.

Analyzing Halliburton’s Free Cash Flow and Capex Plan
In this article, we’ll analyze how Halliburton’s (HAL) operating cash flows have trended over the past few quarters. We’ll also discuss its free cash flow (or FCF).

HCLP, EMES: What’s Driving Frac Sand MLP Stocks?
Frac sand–producing MLPs Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) have surged nearly 250% and 170%, respectively, over the last year.

Will Upstream Operators’ Capex Affect Nabors’ 4Q16 Margin?
In the past couple of years, some of the major US upstream and integrated companies have reduced capital expenditure following crude oil prices’ sharp decline.

Will Upstream Operators’ Capex Impact Tidewater’s Margin?
In the past few years, some major US upstream and integrated companies reduced their capex following the sharp fall in crude oil prices.

Will Upstream Operators’ Capex Affect Flotek’s 4Q16 Margin?
In the past couple of years, some of the major US upstream and integrated companies have reduced capital expenditure as a result of crude oil’s sharp decline.

Are Analysts Changing Their Recommendations on Flotek Industries?
Wall Street’s recommendations on Flotek Industries In this article, we’ll look at changes in Wall Street analysts’ recommendations for Flotek Industries (FTK) between September and December. Consensus rating for Flotek Industries In December so far, 100% of the analysts tracking Flotek Industries have rated it a “buy” or some equivalent. In comparison, approximately 83% of […]

Are Analysts Changing Recommendations for Halliburton?
In December so far, 90% of the analysts tracking Halliburton rated it a “buy” or some equivalent.

Why Did Halliburton’s Free Cash Flow Improve?
Halliburton’s cash from operating activities (or CFO) turned positive in 3Q16.

Is Halliburton’s Indebtedness on the Rise?
In 3Q16, Halliburton’s net-debt-to-adjusted-EBITDA multiple was ~3.8x, or 251% higher than it was a year ago.