SPY trades flat after Greece delays debt deal
The SPDR S&P 500 ETF Trust (SPY) traded flat as investors were cautious about Greece’s debt deal negotiations with its Eurozone partners.
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.
Which Energy Stocks Are Leading the Rise in the Energy Sector?
Stocks that are leading the rise in the Energy Select Sector SPDR Fund this week include Chesapeake Energy, Andeavor, and FMC Technologies.
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.
What Schlumberger’s Implied Volatility Suggests
On March 3, 2017, Schlumberger’s implied volatility was 16.5%. Since its 4Q16 financial results were announced, Schlumberger’s implied volatility has fallen marginally.
Halliburton’s Expected 2Q15 Earnings Signal More Weakness
The expected 2Q15 earnings are 37% lower than 1Q15 adjusted EPS. Weaker crude oil prices and reduced spending by North American upstream energy producers are to blame.
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.”
WTI Crude Oil Prices Are Weak as Oil Rigs Increase
On Friday, August 21, Baker Hughes (BHI) disclosed the US rig count at noon. WTI (West Texas Intermediate) crude oil remained almost unchanged near ~$40.13.
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.
Three Analysts Upgraded Helmerich & Payne in September
On September 25, B. Riley FBR raised its rating for Helmerich & Payne from “neutral” to “buy.” B. Riley FBR also raised the target price from $68 to $83.
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 Weatherford’s 3Q17 Earnings Beat Estimates
Compared to 2Q17, Weatherford International’s 3Q17 revenues rose 7.1%.
Why Halliburton’s Valuation Looks Attractive
Halliburton (HAL) is trading at a forward EV-to-EBITDA multiple of ~8.6x—lower than Schlumberger and Baker Hughes’s forward EV-to-EBITDA multiples.
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.
What PTEN’s Analysts Expect for 2Q17
For 2Q17, analysts expect Patterson-UTI Energy (PTEN) to report an adjusted loss per share of $0.30. This would mean a cut in its losses from 1Q17.
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.
What Wall Street Analysts Expect from PTEN’s 3Q17 Earnings
In 3Q17, analysts expect an $0.18 adjusted loss per share for Patterson-UTI Energy (PTEN), which means Wall Street analysts expect PTEN to cut its losses from the 2Q17 adjusted loss of $0.21 per share.
Wall Street’s Forecast for Weatherford International on April 13
Wall Street analysts’ mean target price for WFT on April 13, 2017, was $7.68. WFT was trading at $6.06 that day.
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.
Tracking TechnipFMC’s Returns after 3Q17
TechnipFMC (FTI) released its 3Q17 results on October 25. On that day, FTI’s stock price reacted mildly negatively, falling 0.8% to $25.16 from the previous day’s close.
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.
Weatherford’s Next 7-Day Stock Price Forecast
On November 24, 2017, Weatherford International’s (WFT) implied volatility (or IV) was 61%.
How TechnipFMC Stock Has Performed
TechnipFMC’s (FTI) one-year returns were 15.5% as of July 10.
Wall Street’s Forecasts for NOV before Its 1Q17 Earnings
In this article, we’ll take a look at Wall Street analysts’ forecasts for National Oilwell Varco (NOV) leading up to its 1Q17 earnings.
Halliburton’s Price Target Revisions after Its Q3 Earnings
After Halliburton’s (HAL) third-quarter earnings release, Credit Suisse cut its target price on the stock from $51 to $46.
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.
Weatherford’s Next-7-Day Stock Price Forecast
On October 27, Weatherford International’s (WFT) implied volatility (or IV) was ~72%. WFT released its 2Q17 financial results on July 28.
McDermott International’s Next 7-Day Stock Price Forecast
McDermott International stock will likely close between $7.98 and $6.26 in the next seven days—based on its implied volatility.
Shorting Weatherford: Reading the Short Interest in WFT on August 11
On August 11, 2017, Weatherford International’s (WFT) short interest as a percentage of float was 14.7%, compared with 15.8% on June 30.
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.
National Oilwell Varco’s 7-Day Stock Price Forecast
Since its 1Q17 results on April 26, 2017, National Oilwell Varco’s (NOV) implied volatility has increased moderately from 33.0% to 35.0%.
SLB, HAL, BHGE, and FTI: Four Oilfield Services Giants
Schlumberger (SLB), Halliburton (HAL), Baker Hughes (BHGE), and TechnipFMC (FTI) have an upside potential of 27%, 36%, 14%, and 23%, respectively.
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.
NOV Missed Q3 EPS Estimates: Stock Fell 5.4% in After-Hours Trade
National Oilwell Varco’s EPS of $0.00 missed analysts’ estimates of $0.12 for the third quarter.
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.
TechnipFMC’s Third-Quarter Earnings Rose on Cost Savings
TechnipFMC (FTI) reported its third-quarter earnings on October 24 after the markets closed.
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.
How Energy Dragged Down the American Funds AMCAP Fund
The American Funds AMCAP Fund Class A rose by 7.0% in October 2015 over the previous month. But the energy sector made this fund a bottom performer.
How TechnipFMC Reacted to Crude Oil Prices
The correlation coefficient between TechnipFMC’s (FTI) stock price and crude oil price from November 3 to November 9 was 0.99.
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.
Moving Averages Suggest WTI Crude Oil Could Trend Higher
WTI and Brent oil prices could average $65.95 per barrel and $71.80 per barrel in 2018, according to the EIA.
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.”
US Crude Oil Rigs Are Steady near March 2015 Highs
Baker Hughes reported that US crude oil rigs were flat at 844 on May 11–18—the highest level since March 13, 2015.
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.
Weatherford’s Stock Price Forecast for the Next 7 Days
Weatherford stock will likely close between $4.21 and $3.53 in the next seven days. Weatherford’s stock price was $3.87 on January 5, 2018.
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.
Which OFS Stocks Have the Highest Implied Volatility?
On March 14, 2017, Seadrill (SDRL) had the highest implied volatility among OFS companies that are part of OIH. Its implied volatility was 138.8%.
Analysts’ Forecasts for Weatherford after Its 1Q17 Earnings
On April 28, after its 1Q17 earnings, ~74% of the analysts tracking Weatherford International rated it as a “buy” or some equivalent.
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.
TechnipFMC and Hess Fell on December 14
TechnipFMC fell on December 14. After falling last week, TechnipFMC started this week on a stronger note but lost strength as the week progressed.
US Onshore Rig Count Lost Momentum Last Week
During the week ended July 31, 2015, the US onshore rig count fell by five over the previous week’s count.
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.”
Rising DUC Inventory and Oilfield Services’ Demand
The capacity constraints are expected to persist over the next few quarters, which might impact Schlumberger’s (SLB) first-quarter results.
TechnipFMC: Analyzing Recent Institutional Activity
Together, the top ten investors own 42.3% of TechnipFMC’s outstanding shares—higher than 40.1% at the end of the third quarter.
Baker Hughes: Analysts’ Recommendations
Currently, 71% of the analysts surveyed by Reuters rated Baker Hughes as a “buy,” 25% rated it as a “hold,” and 4% rated it as a “sell.”
Short Interest: Halliburton Fell, TechnipFMC Increased
The number of Halliburton (HAL) shares shorted fell from ~16.7 million on August 15 to ~14.4 million on August 31—a fall of ~13.4%.
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.
SLB, HAL, BHGE, and FTI: Understanding Key Business Areas
Schlumberger operates through four segments—Reservoir Characterization, Drilling, Production, and Cameron.
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.
S&P 500’s Top Gainers: Apache and Allergan
Apache, which is an American petroleum and natural gas exploration and production company, was the S&P 500’s top gainer on June 7.