FMSA Holdings Inc

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.

Baker Hughes, a GE company (BHGE), released its US crude oil rig count report on May 25, indicating that the US crude oil rig count rose by 15 to reach 859 between May 11 and 18.

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.”

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.”

Hi-Crush Partners (HCLP) stock is up nearly 2% in 2018.

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.

As of March 7, 2018, short interest in Tenaris (TS) as a percentage of its float was 1.6% compared to 1.8% as of March 8, 2017.

Hi-Crush Partners stock is trading 5% above its 50-day moving average and 19% above its 200-day moving average.

As of February 16, 2018, the short interest in Fairmount Santrol Holdings (FMSA) as a percentage of its float was 10.3%.

Fairmount Santrol Holdings’ (FMSA) correlation with crude oil prices from February 16, 2017, to February 16, 2018, was 0.46.

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.

The short interest in Schlumberger (SLB) as a percentage of its float was 1.7% as of January 2, 2018—compared to 1.5% as of September 29, 2017.

Short interest in Schlumberger (SLB) as a percentage of its float has increased to 1.7% on December 29, 2017, compared to 1.5% on September 29, 2017.

Weatherford International’s (WFT) stock price has fallen 16.0% through December 29, 2017, in the past year.

Fairmount Santrol Holdings’ (FMSA) cash from operating activities (or CFO) turned positive in 3Q17, compared to negative CFO in 3Q16. FMSA generated $53 million CFO in 3Q17.

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 […]

Halliburton’s operating income Previously, we analyzed Halliburton’s (HAL) revenue. Operating-income wise, The D&E (drilling and evaluation) segment’s operating income rose 19% between 3Q16 and 3Q17, primarily due to activity reduction across HAL’s Asia-Pacific operations. HAL makes up 4.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which has fallen 29% in the past […]

In this article, we’ll look at Wall Street analysts’ targets for the oilfield equipment and services (or OFS) stocks that have given the worst returns year-to-date.

In 2017 so far, many companies in the oilfield equipment and services (or OFS) industry produced negative returns on the stock market.

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

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.”

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

Since June 30, 2017, short interest in SLB has remained nearly unchanged. Since June 30, SLB’s stock price has increased ~5%.

The forward EV-to-EBITDA ratios for Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) are ~4.0x and ~5.0x, respectively.

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%.

Halliburton’s (HAL) operating income in its D&E (Drilling and Evaluation) segment tanked 19% YoY (year-over-year) 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.

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

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

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.

On August 3, 2017, after Fairmount Santrol’s 2Q17 earnings were released, ~63% of the analysts tracking the company rated it as a “buy” or some equivalent.

Fairmount Santrol Holdings released its financial results for 2Q17 on August 3. Its stock price reacted mildly negatively and fell 1% to $2.65 on August 3.

Revenues from Fairmount Santrol Holdings’ (FMSA) Proppant Solutions segment more than doubled (142% rise) from 2Q16 to 2Q17.

Flotek Industries’ (FTK) Energy Chemistry Technology segment saw a 36% YoY (year-over-year) increase in revenues in 1Q17.

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 take a look at Wall Street analysts’ forecasts for National Oilwell Varco (NOV) leading up to its 1Q17 earnings.

The correlation coefficient between Baker Hughes’s (BHI) stock price and crude oil prices from April 2016 to the present is 0.51.

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 7, 2017, 92% of the analysts tracking Halliburton (HAL) rated it a “buy” or some equivalent. Approximately 5% of the analysts tracking HAL recommended a “hold,” while the remaining 3% rated it a “sell” or some equivalent.

Flotek Industries ranks first among our list of OFS companies in terms of stock price returns in 1Q17. All of the sell-side analysts recommended a “buy.”

Halliburton (HAL) ranks first among our list of OFS companies for earnings growth, with 92.0% of sell-side analysts recommending a “buy.”

In this part of the series, we’ll analyze the correlation between the top OFS companies and crude oil prices.

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

Wall Street analysts expect Fairmount Santrol (FMSA) to see the highest EBITDA growth in 1Q17 compared to 4Q16 in our group of select OFS companies.

The correlation coefficient between Schlumberger’s stock price and crude oil prices from March 2016 to March 2017 is 0.62.

In this part, we’ll see how Patterson-UTI Energy’s (PTEN) operating cash flows have trended over the past few quarters.

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).

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.

Fairmount Santrol’s (FMSA) stock price reacted negatively to its 4Q16 results on March 9, falling ~16% from the previous day’s close to $7.30.

In fiscal 2016, Fairmount Santrol’s (FMSA) revenues fell 35% from its fiscal 2015 revenues to $535 million.

Analysts’ average target price for Hi-Crush Partners for the next year is $25.1. The average target price implies a 37% return over the next year based on HCLP’s current price of $18.3.

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

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

Hi-Crush Partners’ 4Q16 EBITDA of $0.1 million is higher than its -$2.9 million in 3Q16 but lower than its $17.4 million in 4Q15.

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 4Q16, analysts expect Nabors Industries (NBR) to post adjusted loss of $0.33 per share, a marginal improvement over 3Q16’s adjusted loss of $0.35 per share.

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.

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.

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

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.

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

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.

The EIA estimates that natural gas production at the Eagle Ford Shale was 19.0% lower than production in November 2015.

In this article, we’ll look at the changes in Wall Street analysts’ recommendations for Fairmount Santrol Holdings (FMSA) in 2016.

Fairmount Santrol Holdings provides sand-based proppant solutions to the energy upstream sector. It had a strong run in the stock market in 2016.

During the first nine months of 2016, Fairmount Santrol Holdings’ (FMSA) revenue fell 43% compared to the same period in 2015.

In this article, we’ll see how Fairmount Santrol Holdings’ (FMSA) operating cash flow has trended over the past few quarters.

Hi-Crush Partners (HCLP) and Emerge Energy Services (EMES) have surged nearly 174% and 140%, respectively, so far in 2016.