Latest TechnipFMC plc News and Updates
Returns for OFS Stocks with High and Low Implied Volatility
Schlumberger had the lowest implied volatility figures among all of the OFS companies on May 31, 2016. It has returned 9.4% on a YTD basis.
These Stocks Were the Biggest Oilfield Services Losers Last Week
In the week ending September 8, 2017, Flotek Industries (FTK) led the losing stocks from the oilfield services sector.
Schlumberger: Do Analysts Expect the Stock to Rise?
For Schlumberger, seven analysts rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”
How Is SLB’s Current Valuation Compared to Peers?
Schlumberger’s forward PE (price-to-earnings) multiple reflects analysts’ expectation of lower earnings in the next four quarters.
Returns of Oilfield Services Stocks with High Implied Volatility
Tidewater (TDW) has the highest implied volatility among all of the OFS companies. The stock has fallen 65.1% on a YTD (year-to-date) basis.
What Drove TechnipFMC’s Second-Quarter Earnings?
In the second quarter, TechnipFMC recorded total revenues of ~$2.96 billion, down 23% from ~$3.85 billion in Q2 2017.
Why Halliburton’s Free Cash Flow Is Remarkable
Halliburton’s 3Q16 FCF improved significantly over the previous year. Its CFO rose significantly due to increased rig utilization in North America.
Schlumberger’s Q1 Earnings Are Expected to Fall 21%
Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share.
Helmerick & Payne: Analysts See 22% Upside Potential
The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.
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.
How Could the US Rig Count Affect Halliburton in 4Q16?
From September 30 until the week ended December 30, 2016, the US rig count rose ~26% to close at 658. A higher US rig count could increase Halliburton’s (HAL) revenues and earnings in 4Q16.
Crude Oil Prices: Is More Downside Possible?
The API reported that US crude oil inventories rose by 5.6 MMbbls (million barrels) on July 20–27.
Analysts’ Forecasts for National Oilwell Varco on April 7
On April 7, ~18% of the analysts tracking National Oilwell Varco rated it a “buy,” ~74% rated it a “hold,” and only 8% of the analysts rated it a “sell.”
Record US Crude Oil Production Weighs on Oil Prices
The EIA reported that US crude oil production increased by 2,000 bpd (barrels per day) to a record high of 10,725,000 bpd on May 11–18.
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 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 1Q18 Earnings Missed Analysts’ Estimates
TechnipFMC released its 1Q18 financial results on May 9 after the market closed. The company recorded operating revenues of $3.12 billion in 1Q18.
Analyzing OFS Stocks with High and Low Implied Volatility
Tidewater had the highest implied volatility among all of the OFS companies that are part of OIH. The stock has fallen 78.6% on a YTD (year-to-date) basis.
How Weatherford Stock Moved in the Week Ended November 17
Weatherford International (WFT) stock fell 16.0% in the week ended November 17, 2017. The VanEck Vectors Oil Services ETF (OIH) generated a return of -6.0% during this period.
Large Drop in US Crude Oil Inventories Helps Oil Bulls
The EIA reported that US crude oil inventories decreased by 4.1 MMbbls (million barrels) to 432.4 MMbbls on June 1–8.
What Does FMC Technologies’ Historical Valuation Imply?
FMC Technologies’ (FTI) price-to-earnings (or PE) multiple fell between 2014 to 2015. In 2015, FTI’s adjusted earnings fell by 17% compared to 2014.
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.
Wall Street’s Forecasts for FMC Technologies after 1Q16
Approximately 46% of analysts tracking FMC Technologies rate it as a “buy” or some equivalent. Approximately 51% rate the company as a “hold.”
How Will the International Rig Count Impact Baker Hughes?
From September to December, the international rig count fell 1%. A lower international rig count could impact Baker Hughes’s revenues and earnings growth.
Schlumberger by Implication: Reading Implied Volatility
On March 10, 2017, Schlumberger’s (SLB) implied volatility was 17.7%, having fallen from 19% since its 4Q16 financial results were announced on January 20.
Will US Rig Count Affect Flotek Industries in 4Q16?
In 3Q16, FTK’s US revenue share fell to 79% compared to 84% in 3Q15.
Wall Street Analysts’ Forecasts for National Oilwell Varco
On February 24, ~14% of the analysts tracking National Oilwell Varco rated it as a “buy,” ~74% rated it as a “hold,” and 12% rated it as a “sell.”
Patterson-UTI Energy Has Risen 87% in 1 Year
In the past year, Patterson-UTI Energy stock has risen 87% as of February 17, 2017. It’s outperformed the VanEck Vectors Oil Services ETF’s return of ~35% in the same period.
Does Wall Street Love the Lowest Cash-Generating Oilfield Stocks?
Approximately 13% of the Wall Street analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent as of May 18.
Will SLB, HAL, BHGE, and FTI Rise 50%?
Baker Hughes (BHGE) and National Oilwell Varco (NOV) have fallen 26% and 11%, respectively, YTD.
Wall Street Analysts’ Recommendations for TechnipFMC
In this article, we’ll look at Wall Street analysts’ recommendations for TechnipFMC (FTI) on November 9.
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.
What Analysts Expect from Nabors Industries’ 2Q17 Earnings
In 2Q17, analysts expect Nabors Industries (NBR) to post adjusted loss of $0.35 per share.
Will Technip-FMC Merger Change the Pecking Order in OFS Industry?
Schlumberger (SLB), the oilfield services (or OFS) industry leader, generated $35.4 billion in revenues in 2015. It will continue to be the industry leader even after the FMC-Technip merger.
What’s the Correlation between SLB’s Stock and Crude Oil?
The correlation coefficient between Schlumberger and crude oil’s price measures the statistical relationship between the two variables.
Analyzing National Oilwell Varco’s Drivers in Q2 2018
From Q2 2017 to Q2 2018, National Oilwell Varco’s (NOV) Wellbore Technologies segment revenue rose 29.2%.
Why Did Baker Hughes’s 1Q18 Earnings Beat Estimates?
Baker Hughes (BHGE) released its 1Q18 financial results on April 20, 2018. The company recorded total revenues of $5.39 billion in 1Q18.
Are Institutional Investors Bearish on Schlumberger?
Seven of the top ten investors reduced their positions in Schlumberger in the second quarter, which likely hints at investors’ bearish sentiment.
What Drove Halliburton’s Revenues in 2Q17?
From 2Q16 to 2Q17, HAL’s C&P segment revenues rose 48% on higher pressure pumping asset utilization and better pricing in its US onshore business.
SLB or HAL: Which Oilfield Stock Do Analysts Prefer?
Both Schlumberger and Halliburton are underperforming the S&P 500, but Wall Street analysts remain bullish on oilfield stocks.
Schlumberger Stock Rises on Strong Q3 Earnings
Schlumberger (SLB) announced its third-quarter results today. The company’s revenue rose 3% sequentially to $8.5 billion in the quarter.
Free Cash Flow: FMC Technologies versus Technip
FMC Technologies’ free cash flow fell 54% to $134 million in the first nine months of 2016—compared to the same period in 2015.
Schlumberger: Analysts’ Recommendations before Its Earnings
Among the 37 analysts tracking Schlumberger, six recommended a “strong buy,” 16 recommended a “buy,” and 15 recommended a “hold.”
Schlumberger and Halliburton’s Revenue Trends
In the first half of 2018, Halliburton’s (HAL) revenues grew 29% YoY—compared to Schlumberger’s (SLB) 12% revenue growth during the same period.
Institutional Investors Seem Bearish on National Oilwell Varco
The Vanguard Group, Dodge & Cox, and First Eagle Investment Management are the top three institutional investors in National Oilwell Varco.
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.
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.
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.
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.
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.
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%.
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.
US Gasoline Inventories Help Gasoline Futures
US gasoline futures rose 0.6% to $2.13 per gallon on July 5 due to the larger-than-expected drop in gasoline inventories.
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’s Schlumberger’s Stock Forecast ahead of Earnings?
Between April 20 and July 3, Schlumberger’s (SLB) implied volatility increased from 24% to 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.
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%.
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.
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%.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton’s (HAL) implied volatility was 23.9% on June 8.
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.
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.
The Lowest 5 Oilfield Services Companies by Free Cash Flow
In this series, we’ll look at the lowest five free cash flow companies in the first quarter in the oilfield equipment and services industry.
What Were TechnipFMC’s Earnings Drivers in 1Q18?
TechnipFMC (FTI) released its 1Q18 financial results on May 9. From 1Q17 to 1Q18, the Subsea segment’s revenue decreased 14%.
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.
What Analysts Expect for National Oilwell Varco in 1Q18
In 1Q18, Wall Street analysts expect National Oilwell Varco (NOV) to post adjusted EPS (earnings per share) of -$0.01, compared with -$0.04 in 4Q17.
Wall Street Forecasts for Baker Hughes before 1Q18 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for Baker Hughes, a GE Company (BHGE), before its 1Q18 earnings.
Halliburton’s Next 7-Day Stock Price Forecast
Halliburton stock will likely close between $48.52 and $44.36 in the next seven days—based on its implied volatility.
What’s Halliburton’s Next 7 Day Stock Price Forecast?
Halliburton stock will likely close between $48.63 and $45.35 in the next seven days—based on its implied volatility.
What Wall Street Analysts Recommend for Halliburton
On February 15, 2018, approximately 92% of the Wall Street analysts tracking Halliburton rated it a “buy” or some equivalent.
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.
Here’s National Oilwell Varco’s 7-Day Stock Price Forecast
On December 12, 2017, National Oilwell Varco’s (NOV) implied volatility was 24.7%.
Oilfield Services Gainers: FTK, FTI, DRQ, RES, and NOV
In the week starting November 27, 2017, Flotek Industries (FTK) is at the top of the list of gainers from the oilfield services group.
What We Can Forecast for TechnipFMC Next Week
On November 9, TechnipFMC’s (FTI) implied volatility was 31.5%. Since FTI’s 3Q17 financial results were announced on October 25, its implied volatility has fallen marginally.
What Could Drive TechnipFMC’s Dividend Yield
How TechnipFMC intends to maintain its yield FMC Technologies and Technip merged to become TechnipFMC (FTI) in 2017, an international provider of subsea, onshore, offshore, and surface projects. The synergy aims to combat the challenges of low oil prices and a challenging outlook through cost cutting and the enhancement of efficiency. The company recorded 51% revenue […]
What Wall Street Analysts Are Recommending for Halliburton
On September 5, 2017, 89.0% of Wall Street analysts who are tracking Halliburton stock rated it a “buy” or some equivalent.
Behind Halliburton’s Free Cash Flow, Capex, and Acquisition Strategies
Halliburton’s (HAL) CFO (cash from operating activities) in 2Q17 showed a remarkable improvement over 2Q16. HAL’s CFO was a $346 million in 2Q17.
Why Was Baker Hughes’s Free Cash Flow Negative in 2Q17?
Baker Hughes’s (BHGE) CFO (cash from operating activities) remained negative in 2Q17, continuing its negative cash flow trend in 1Q17.
How Flotek Industries’ 2017 Capex Plans Changed
Flotek Industries’ (FTK) cash from operating activities (or CFO) remained negative in 2Q17, continuing with a negative cash flow trend in 1Q17.
What Was the Short Interest in Schlumberger on August 4?
Short interest in Schlumberger’ (SLB) stock as a percentage of its float was ~1.5% on August 4, 2017, compared to 1.6% as of June 30, 2017.
What Was Schlumberger’s 7-Day Stock Price Forecast on August 4?
On August 4, 2017, Schlumberger’s (SLB) implied volatility was 17.9%.
Analysts’ Recommendations for Halliburton
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.”
Analyzing Halliburton’s Free Cash Flow and Capex Plans
Halliburton’s cash from operating activities (or CFO) in 1Q17 was an improvement over 1Q16, although it was a steep deterioration compared to 4Q16.
What’s Wall Street’s Take on Weatherford as of June 7?
In this article, we’ll look Wall Street analysts’ recommendations for Weatherford International (WFT) as of June 7, 2017.
What’s National Oilwell Varco’s 7-Day Stock Price Forecast?
NOV stock will likely close between $35.11 and $32.49 in the next seven days. The stock was trading at $33.80 on May 11, 2017.
What Are Schlumberger’s Management’s Views on 2017?
Schlumberger’s (SLB) management estimates that investment in energy drilling and production may not recover until 2017’s end.
Energy Sector Weighed on the S&P 500 on Monday
After regaining strength at end of last week, the energy sector pulled back on Monday. The fall in oil prices weakened the energy sector.
How Have Superior Energy’s Recommendations Changed before the 4Q16 Earnings?
On January 6, 2017, ~70% of the analysts tracking SPN recommended a “buy” or some equivalent for the stock, while ~30% of the analysts issued a “hold.”
Wall Street’s Forecasts for Halliburton before Its 4Q16 Earnings
On January 3, 2017, 90% of the analysts tracking Halliburton (HAL) rated it a “buy” or some equivalent.
What’s Superior Energy Services’ Management Outlook for 2017?
SPN’s management does not expect its revenues from North America to revive in 4Q16, though in 1Q17, it expects upstream activities to pick up.
Worst Oilfield Service Stocks: Analyzing Implied Volatility
In this article, we’ll compare implied volatility for the worst oilfield service (or OFS) companies by expected earnings growth for 3Q16.
Could the US Rig Count Affect Flotek Industries in 4Q16?
Flotek Industries’ US revenue In the past year, Flotek Industries’ (FTK) revenue share from the United States has fallen. In 3Q16, it fell to 79%, compared with 84% in 3Q15. During the same period, FTK’s aggregate revenue fell 16%. FTK makes up only 0.06% of the iShares Russell 2000 Growth ETF (IWO). The energy sector […]
What’s Flotek Industries’ Guidance for 4Q16?
Flotek Industries’ guidance On December 20, Flotek Industries (FTK) released an update on 4Q16’s segment-wise revenue and margins. The company’s management expects FTK’s Energy Chemistry Technologies revenue to rise 10%–15% between 3Q16 and 4Q16. The guidance is based on higher energy prices and a rising rig count in the United States. However, the company expects the […]
What Are Baker Hughes’s Current Value Drivers?
From 3Q15 to 3Q16, all of Baker Hughes’s (BHI) segments saw lower revenues. Its North American operations suffered the highest revenue decline, with a 51% fall.
Which Way Did Marcellus Shale Natural Gas Go in November?
The EIA estimates that the Marcellus Shale’s natural gas production rose ~0.40% in November 2016, which is marginally higher than October 2016 production.
What Do Analysts Recommend for FMC Technologies?
In November, 34% of the analysts tracking FMC Technologies rated it a “buy,” ~55% rated it a “hold,” and only 3% of the analysts rated it a “sell.”
Comparing FMC Technologies and Technip’s Leverage
On September 30, FMC Technologies’ net debt fell 21% to $190 million—compared to December 31, 2015. FMC Technologies accounts for 0.5% of IYE.
Analyzing FTI and Technip’s Revenue and Net Income in 3Q16
From 3Q15 to 3Q16, FMC Technologies’ revenue fell 29%, while its net income fell 61%. It had ~$1.1 billion in revenue and ~$32 million in net income in 3Q16.