FMSA Holdings Inc

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

Wall Street analysts expect Flotek Industries (FTK) to register positive EBITDA (or earnings before interest, tax, depreciation & amortization) in 4Q16.

In 4Q16, analysts expect Flotek Industries (FTK) to post an adjusted loss per share of ~$0.04.

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.

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.

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.”

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.

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

Among our group of OFS companies, analysts expect Halliburton (HAL) to see the highest rise in adjusted EPS in 1Q17.

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 (HCLP) stock is up nearly 2% in 2018.

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.

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.

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.

Hi-Crush Partners stock currently trades near $21.4—more than five times its price a year ago.

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.

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%.

Since May 10, 2017, short interest in HLX has gone down 15%.

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

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.

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 Schlumberger (SLB) as a percentage of its float was 1.7% on March 20, 2018, compared to 1.2% on March 20, 2017.

Analysts’ consensus target price for U.S. Silica Holdings was ~$38.5 on March 14. U.S. Silica Holdings is trading near $26.3.

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

As of March 14, 2018, Weatherford International (WFT) has seen the steepest YTD fall in stock prices in the OFS industry.

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.

Flotek Industries underperformed OIH in the past year. Since March 10, 2017, Flotek Industries stock has decreased ~44%.

Flotek Industries’ (FTK) forward EV-to-EBITDA multiple is at the steepest discount to its current EV-to-EBITDA multiple on March 9, 2018.

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.

Approximately 71% of the analysts tracking Schlumberger rated it as a “buy” or some equivalent on January 19, 2018.

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.

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.

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 […]

Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 3Q17, compared to a positive CFO a year ago.

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).

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

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

Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.

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

Frac sand producers Emerge Energy Services (EMES) and Hi-Crush Partners (HCLP) rose nearly 44% and 16%, respectively, over the last 12-month period.

Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.

Some of the major US upstream and integrated companies have gradually reduced their capex following crude oil’s sharp price fall since mid-2014.

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

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).

Frac sand–producing MLPs Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) have surged nearly 250% and 170%, respectively, over the last year.

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.

In the past few years, some major US upstream and integrated companies reduced their capex following the sharp fall in crude oil prices.

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.

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 […]

In December so far, 90% of the analysts tracking Halliburton rated it a “buy” or some equivalent.

Halliburton’s cash from operating activities (or CFO) turned positive in 3Q16.

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