Helmerich & Payne, Inc.
Oilfield Services Stocks That Lead in Short Interest
CARBO Ceramics (CRR) has the highest short interest–to–equity float ratio among OFS (oilfield services) stocks (OIH), as of August 23, 2016. The company’s short interest–to–equity float ratio is 36.9%.
How Schlumberger Reacted to Crude Oil Prices Last Week
Schlumberger’s (SLB) correlation with the price of crude oil from January 26 to February 2, 2018, was 0.79.
Which Oilfield Services Stocks Led in Short Interest?
On August 9, CARBO Ceramics had the highest short interest-to-equity float ratio among OFS stocks (OIH). Its short interest-to-equity float ratio was 36.9%.
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.
What Drove Patterson-UTI Energy’s Performance in 4Q16?
In 2016, Patterson-UTI Energy (PTEN) recorded $915.8 million in revenues—52% lower compared to 2015. In 2016, the company’s net loss was $318.6 million.
Seadrill’s Volatility Rose the Most among These OFS Stocks
On April 10, 2017, Seadrill had the highest implied volatility among the OFS (oilfield equipment and services) constituents of the VanEck Vectors Oil Services ETF (OIH).
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.
Schlumberger Reacts to Crude Oil Price Change
The correlation coefficient between Schlumberger’s (SLB) stock price and WTI crude oil prices from January 2, 2017, to January 2, 2018, was 0.48.
Schlumberger’s Stock Price Forecast for the Next 7 Days
Based on its implied volatility, Schlumberger (SLB) stock could close between $65.44 and $70.46 in the next seven days.
What Are Helmerich & Payne’s Management Estimates in Fiscal 3Q16?
Looking at Helmerich & Payne’s management estimates for fiscal 3Q16, we see that in the US land segment, the company expects revenue days to decrease by 25%–28%.
Which Oilfield Services Stocks Lead in Short Interest?
Currently, Diamond Offshore Drilling’s (DO) short interest-to-equity float ratio is 32.1%, the highest among the oilfield services stocks that are part of the VanEck Vectors Oil Services ETF (OIH).
Wall Street Analysts’ Forecasts for Patterson-UTI Energy
On April 27, following its 1Q17 earnings, ~62% of the analysts tracking Patterson-UTI Energy rated it a “buy” or some equivalent.
What Rate Hike Road Is the Fed Really on in 2016? (It Looks Strangely Like 2015)
Policymakers are now hinting toward a rate hike in June. But markets seem to be feeling otherwise.
US Crude Oil Production: Biggest Threat for Oil Prices
Active WTI crude oil futures have declined ~10.4% since May 21. The Energy Select Sector SPDR ETF (XLE) has dropped ~4% since May 21.
Helmerich & Payne’s Q1 Results and 2019 Outlook
Helmerich & Payne reported its first-quarter results on January 29. The company reported an EPS of $0.17 for the quarter ending December 31.
Short Interest in Weatherford International on August 4
As of August 4, 2017, Weatherford International’s (WFT) short interest as a percentage of its float was 15.8%—unchanged compared to June 30, 2017.
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.
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.
How Schlumberger Reacted to Crude Oil Prices
Schlumberger’s (SLB) stock price correlation coefficient with crude oil prices from September 22 to September 29 was 0.31.
WTI Crude Oil Hit $75 on July 3: What’s Next?
August WTI crude oil prices hit an intraday high of $75.27 per barrel on July 3—the highest level since November 2014.
Currency warfare: A ‘beggar-thy-neighbor’ situation
In a currency war, the “beggar-thy-neighbor” strategy is about increasing the demand for a nation’s exports at the expense of other countries’ export share.
Will Rig Count Affect HP’s International Revenues in Fiscal 4Q16?
Helmerich & Payne’s (HP) international revenues decreased to 13% of its total revenues in fiscal 3Q16, compared to 17% in fiscal 3Q15.
How Halliburton Stock Reacted to Rise in Crude Oil Prices
The correlation coefficient between crude oil prices and Halliburton’s (HAL) stock price from February 15, 2017, to February 15, 2018, was 0.54.
How Microsoft Is Pursuing the Lane between VR and AR
Microsoft (MSFT) has mostly kept its augmented reality headset, HoloLens, as a developer product. The tech giant has begun reaching out to the masses with a technology that delivers the HoloLens experience and more.
What Analysts Expect for Halliburton’s Q2 2018 Earnings
Analysts expect Halliburton (HAL) to report adjusted EPS of $0.58 in Q2 2018, a 41% improvement from its Q1 2018 adjusted EPS of $0.41.
Will Lower Rig Contracts Affect Helmerich & Payne in Fiscal 4Q16?
Helmerich & Payne (HP) expects nearly 84 of its rigs to remain under contract by fiscal 4Q16. On September 7, HP had 348 US land rigs, ~26% of which were contracted.
How Schlumberger Reacted to the Price of Crude Oil Last Week
Schlumberger’s (SLB) correlation with the price of crude oil from March 2, 2018, to March 9, 2018, was 0.86.
How National Oilwell Varco Correlates with Crude Oil
The correlation coefficient between crude oil price and National Oilwell Varco’s (NOV) stock price from July 11, 2016, to July 11, 2017, is 0.61.
What’s Wall Street’s Forecast for Nabors Industries?
Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.
Women CEOs: 5 Names You Should Know
Of all the Fortune 500 companies, only 5% have women CEOs. We rounded up five of the biggest names investors should know. Here’s why.
What Does Patterson-UTI Energy’s Historical Valuation Suggest?
Patterson-UTI Energy’s forward PE multiple isn’t available, which indicates negative earnings in the next 12 months.
Patterson-UTI Energy’s Dividend Yield on June 2
Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.
What’s Schlumberger’s Next 7-Day Stock Price Forecast?
On December 29, 2017, Schlumberger’s (SLB) implied volatility was ~21%.
Schlumberger’s Next-7-Day Stock Price Forecast
On March 2, 2018, Schlumberger’s (SLB) implied volatility was 27.1%.
Oilfield Services Stocks: How Implied Volatilities Track Returns
As of May 1, 2017, Tidewater (TDW) has fallen 90% in the past year.
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.
Wall Street Forecasts for Nabors Industries after 4Q16 Earnings
About 74.0% of analysts tracking Nabors Industries have rated it a “buy” or some equivalent.
Forecasting Schlumberger’s Stock Price
On April 20, Schlumberger’s (SLB) 1Q18 financial results were released, and its implied volatility was 24.1%.
What Are Wall Street Analysts’ Forecasts for PTEN?
Approximately 55% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~26% rated it as a “hold,” and the other 19% rated it as a “sell.”
Schlumberger’s Next 7-Day Stock Price Forecast
Since October 20, Schlumberger’s stock price has risen nearly 21%. Schlumberger accounts for 3.4% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES).
SAP acquires Concur to expand into the cloud space
SAP AG (SAP) announced the acquisition of Concur Technologies on September 19, 2014. Concur Technologies is a travel and expense management software provider. The acquisition is clearly aligned with SAP’s goal to obtain two billion euro, or ~ $2.8 billion, in annual cloud revenue by 2015.
Manitowoc to spin off after activist pressure
In its 8K filing with the SEC on January 29, Manitowoc announced that it will split its cranes and foodservice businesses.
A Look at Patterson-UTI Energy’s Segment Drivers
From 4Q15 to 4Q16, Patterson-UTI Energy’s (PTEN) Contract Drilling segment’s revenue fell ~33.0%.
Superior Energy’s 1Q17 Earnings: What the Analysts Expect
For 1Q17, analysts expect Superior Energy Services (SPN) to report an adjusted loss per share of $0.60, which implies an expectation of an 18% improvement.
Bloodbath in US Market after Fed Statement: More to Come?
Investors had anxiously awaited the US central bank’s final benchmark rate decision and statement today.
Patterson-UTI Energy in 4Q16: Key Drivers, Then and Now
From 4Q15 to 4Q16, Patterson-UTI’s Contract Drilling segment revenue fell ~33%, while its Pressure Pumping segment witnessed a 20% revenue decline.
A Look at Microsoft’s More Personal Computing Segment in 1Q18
More Personal Computing revenue flat Previously, we discussed Microsoft’s (MSFT) Intelligent Cloud segment’s performance. In this part, we’ll look at how its MPC (More Personal Computing) segment performed in fiscal 1Q18. Microsoft’s MPC segment, as the name suggests, is highly dependent on the PC (personal computer) market, drawing close to ~50% of its total revenue […]
Key US Shale Crude Oil Production: Projections for January 2016
According to its report on December 7, 2015, the EIA expects crude oil production to fall at five key shales by January 2016.
Analyzing Schlumberger’s Stock Price Forecast This Week
From April 20 to June 29, Schlumberger’s implied volatility has remained nearly unchanged at ~24.0%.
What Are Analysts’ Forecasts for Patterson-UTI Energy?
On February 9, ~50% of the analysts tracking Patterson-UTI Energy rated it as a “buy,” ~44% rated it as a “hold,” and 6% rated it as a “sell.”
Hewlett-Packard’s Personal Systems: Revenue Rose in Fiscal 3Q17
Hewlett-Packard’s Personal Systems reported revenue of $8.4 billion in fiscal 3Q17—a rise of 12% YoY. Its revenue rose 13% YoY on a constant currency basis.
Why Is Tidewater’s Implied Volatility Up?
On January 17, 2017, Tidewater (TDW) had the highest implied volatility among the OFS (oilfield equipment and services) companies that are part of the VanEck Vectors Oil Services ETF (OIH).
Weighing Helmerich & Payne’s Valuation against Peers
Helmerich & Payne’s EV, when scaled by TTM adjusted EBITDA, is lower than the peer group average.
What Was the Short Interest in Nabors Industries on July 19?
Short interest in Nabors Industries (NBR) as a percentage of its float is 12.2% as of July 19, 2017, compared to 10% as of March 31, 2017.
How Do Analysts Rate Patterson-UTI Energy after 1Q16 Earnings?
In this article, we’ll look at Wall Street analysts’ forecasts for Patterson-UTI Energy’s (PTEN) shares following its fiscal 1Q16 earnings release.
How’s Halliburton Reacting to the Crude Oil Price Change?
Crude oil price’s correlation coefficient with Halliburton’s (HAL) stock price on December 22–29, 2017, was 0.60.
China to Ban Foreign Tech Usage in Government Offices
China’s Communist Party has instructed all public and government offices to remove foreign PC equipment and software from their systems within three years.
Why Is Trump Interested in Exempting Apple from Tariffs?
On November 20, President Donald Trump said he is considering granting a tariff exemption on Chinese imports to Apple Inc (AAPL).
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.
Crude Oil Futures: Drivers on June 4–8
The API is scheduled to release its crude oil inventory report on June 5. The EIA is scheduled to release its US crude oil production data on June 6.
HPE Stock Rose Due to Earnings Beat, Raised Guidance
On Tuesday, HPE reported upbeat second-quarter earnings after the market bell. The stock gained 5.57% in after-hours trading.
HP CEO Exits, Leaving Its Future Uncertain
HP (HPQ) has been trending down since the company announced the departure of its CEO. It fell around 6.34% in after-hours trading on August 22.
Will Huawei’s Hongmeng OS Topple Google Android on Mobile?
Huawei has unveiled a new OS, Hongmeng, after being placed on a US trade blacklist. The new OS is a direct replacement of Google’s Android.
Alexa, Tech Companies Are Leaving China: Where Will They Go?
Global consumer tech companies are reportedly looking to move out of China amid the still unresolved trade war.
Helmerich & Payne: Institutional Activity in Q4
Two Sigma Investments and Rothschild & Co Asset Management bought 0.8 million and 0.7 million Helmerich & Payne shares, respectively.
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.
Will Microsoft Office 365 Be a Hit on Apple’s Mac App Store?
2019 has been a terrible year for Apple (AAPL) investors so far. On the first trading day of 2019 (January 2), Tim Cook confirmed the company’s iPhone sales troubles, especially in China.
Why Did HP Acquire Apogee?
Earlier this month, HP (HPQ) announced its intention to acquire UK-based Apogee for 380 million pounds.
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.
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.
What’s Nabors Industries’ Stock Price Forecast This Week?
Nabors Industries’ (NBR) implied volatility was 51.3% as of July 6.
Schlumberger’s Stock Price Forecast this Week
Schlumberger’s (SLB) first-quarter financial results were released on April 20. Between April 20 and June 15, Schlumberger’s implied volatility fell from 24.1% to 22%.
What’s the Energy Sector’s Dividend Yield?
Of all the energy segments, the oil and gas transportation services segment noted the highest dividend yield.
How Is Helix Energy Solutions Group Reacting to Crude Oil Prices?
Helix Energy Solutions Group’s (HLX) correlation with crude oil from January 1 to May 10 was 0.42, which indicates a positive relationship between HLX’s stock and crude oil prices.
EIA Upgrades US Crude Oil Production for 2019
US crude oil production increased by 84,000 bpd to a record high of 10,703,000 bpd on April 27–May 4. The production also increased ~15% YoY.
How the PC Market’s Consistent Decline Affects Microsoft
According to Gartner, PC (personal computer) shipments in 1Q18 fell 1.4% on a YoY (year-over-year) basis to 61.7 million units.
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.
Analyzing Schlumberger’s Next 7-Day Stock Price Forecast
On April 11, 2018, Schlumberger’s (SLB) implied volatility was 29.2%. Schlumberger’s 4Q17 earnings were announced on January 19, 2018.
Forecasting Schlumberger’s Stock Price over the Next 7 Days
Since Schlumberger (SLB) released in 4Q17 financial results on January 19, 2018, its implied volatility has risen to 21% to 31.7%.
What’s Schlumberger’s 7-Day Stock Price Forecast?
On January 19, 2018, Schlumberger’s (SLB) 4Q17 financial results were released.
How Is Nabors Industries Reacting to Crude Oil Prices?
Correlation between Nabors Industries and crude oil Nabors Industries’ (NBR) correlation with crude oil prices from February 12, 2017, to February 12, 2018, was -0.50. Nabors Industries’ correlation with the Dow Jones Industrial Average (DJIA-INDEX) from February 12, 2017, to February 12, 2018, was -0.60. NBR’s correlation with crude oil and its implication The West […]
Helmerich and Payne’s Dividends: Key Drivers
Helmerich and Payne (HP) is involved in drilling oil and gas wells for exploration and production companies. Its operating revenue fell 49% in 2016 before growing 11% in 2017.
What Are Dividend Growers?
In this series, we’ll discuss the top eight oil companies by annual dividend growth in 2017, as the chart below shows.
Hewlett-Packard Stock Falls Over 8.5%
Shares of consumer technology company Hewlett-Packard (HPQ) have fallen 8.6% in the last two trading days. HP stock fell 3.5% on February 2, 2018, and it fell over 5.3% on February 5.
US Crude Oil Rigs Hit a 6-Month High
US crude oil rigs increased by six or 0.8% to 765 between January 26, 2018, and February 2, 2018. Rigs increased by 182 or 31.2% from a year ago.
National Oilwell Varco’s Next-7-day Stock Price Forecast
On January 18, National Oilwell Varco’s (NOV) implied volatility (or IV) was ~30%. Its 3Q17 earnings were announced on October 26. Since then, its implied volatility has remained nearly unchanged at around this level.
What Wall Street Analysts Expect from NOV’s 4Q17 Earnings
In 4Q17, Wall Street analysts expect a $0.04 adjusted loss per share for National Oilwell Varco (NOV), which indicates that Wall Street analysts expect NOV to cut its adjusted loss from 3Q17 of $0.07 per share.
How Weatherford Is Reacting to Crude Oil Price Changes
The correlation coefficient between Weatherford International’s (WFT) stock price and crude oil prices from January 16, 2017, to January 16, 2018, was 0.38.
Wall Street Analysts’ Call on Nabors Industries
On November 16, approximately 70% of Wall Street analysts tracking Nabors Industries rated it a “buy” or some equivalent.
What We Can Forecast for Nabors Industries
On November 16, Nabors Industries’ (NBR) implied volatility was ~66%. Since NBR’s 3Q17 financial results were announced on October 24, its implied volatility has risen from 62.5%.
Analyzing Schlumberger’s 7-Day Stock Price Forecast
Schlumberger’s 3Q17 financial results were released on October 20. On October 27, 2017, Schlumberger’s (SLB) implied volatility was ~18%.
Wall Street’s Forecast for Nabors Industries before Its 3Q17 Earnings
On October 12, 2017, ~67% of the Wall Street analysts tracking Nabors Industries rated it a “buy” or some equivalent.
A Look at Schlumberger’s Next 7-Day Stock Price Forecast
On October 13, 2017, Schlumberger’s (SLB) implied volatility was 18.7%. Since its 2Q17 financial results on July 21, 2017, its implied volatility has remained nearly unchanged.
Weatherford Reacts to Crude Oil Price Changes
The correlation coefficient between Weatherford International’s (WFT) stock price and crude oil prices from October 10, 2016, to October 10, 2017, was 0.40.
Basic Energy Services’ Next-7-Day Stock Price Forecast
Since 2Q17 earnings were announced on July 27, Basic Energy Services’ implied volatility (or IV) has risen from 62% to the current level.
Decoding Helmerich & Payne’s Dividend Yield
What’s driving Helmerich & Payne’s high yield? Contract oil and gas well driller Helmerich & Payne (HP) recorded a sharp drop in its 2016 operating revenue due to declines in its US drilling, offshore, and international segments. Its revenue fell 19% in 2015, compared with 51% in 2016. Its operating income, as a result, ended […]
The Correlation between Crude Oil and SLB Stock
The correlation coefficient between crude oil and SLB’s stock price from August 31, 2016, to August 31, 2017, is 0.60.
Correlation between Crude Oil and Nabors Industries September 1
The correlation coefficient between the price of crude oil and Nabors Industries (NBR) stock from September 1, 2016, to September 1, 2017, was 0.65.
Energy Stocks: Top 5 Losers Last Week
On August 25–September 1, 2017, oilfield services stock CARBO Ceramics (CRR) was the largest loser among our list of energy stocks.