iShares Core US Value

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.

The overall share of revenues for the Essential Health Products business fell marginally to 44.7% of the total revenues for 2016 from 45.2% of the total revenues for 2015.

In this part of the series, we’ll compare the implied volatilities of the top OFS companies as rated by Wall Street analysts for 1Q17.

On January 6, SPN had an implied volatility of ~43%. Since SPN’s 3Q16 financial results on October 24, 2016, its implied volatility has fallen from 54%.

In this article, we’ll compare implied volatility fr the top oilfield services (or OFS) companies, as rated by Wall Street analysts, for 4Q16.

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

On September 22, Halliburton’s implied volatility was ~28.5%. Since July 20, 2016, its implied volatility rose from ~27% to the current level.

On September 14, 2016, Superior Energy Services (SPN) had an implied volatility of ~51%.

The iShares Core S&P Total U.S. Stock Market ETF (ITOT) saw by far the largest inflows within our ETF universe last week.

As a result of decreased operating income, Philip Morris’s (PM) operating margin fell by 2.8% to 41.9% in 1Q16.

Nabors Industries’ management expects high performance rigs to perform better when the energy market recovery starts.