iShares S&P 500 Value

Halliburton’s 2017 revenues from North America increased 71% from 2016. Halliburton generated ~56% of its total revenues from North America in 2017.

Schlumberger’s North America revenues rose 9% YoY in 3Q17, accounting for 34% of its total revenues.

AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.

The ~$1.1 billion Heartware International deal has strengthened Medtronic’s position in the VAD market, which was estimated to be worth $800 million in 2016.

In fiscal 1Q18, Medtronic (MDT) reported ~26.9% of operating margin on a constant currency basis. This represented year-over-year growth of ~50 basis points.

Schlumberger (SLB), Weatherford International (WFT), and Halliburton (HAL) saw higher revenues from North America in 2Q17 compared to a year earlier.

The total size of the US ETF (VOO) (IWD) industry rose 32% in 2016 to $2.8 trillion due to continued improvement in markets during the period.

Since the previous Fed meeting in March, where the Fed announced a 0.25% rate hike, equity markets (IWV) around the globe remained dovish.

In the past year, Schlumberger’s (SLB) North America revenues declined 14%. In 1Q17, SLB’s revenues from North America totaled 28% of its total revenues.

Halliburton’s (HAL) Completion and Production segment’s revenue improved a phenomenal 3.9x in operating income in 1Q17 over 1Q16.

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.

In this article, we’ll discuss Halliburton’s 2016 value drivers. From 4Q15 to 4Q16, Halliburton’s Drilling and Evaluation (or D&E) segment’s revenue fell 22%.

In this article, we’ll analyze how Schlumberger’s (SLB) operating cash flows have trended over the past few quarters.

In the past year, Schlumberger’s share of North American revenue has fallen 21%, the most among our set of oilfield equipment and services companies.

From 4Q15 to 4Q16, Halliburton’s Drilling and Evaluation segment’s revenue fell 22%. In operating income, the D&E segment fell 41% YoY in 4Q16.

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.

From 3Q15 to 3Q16, Halliburton’s (HAL) Drilling and Evaluation (or D&E) segment revenues fell 30%. From 3Q15 to 3Q16, its Completion and Production (or C&P) segment revenues fell ~32%.

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

HAL’s Drilling and Evaluation (or D&E) segment fell 62% in 3Q16 over 3Q15 due primarily to low rig count, lower pricing for HAL’s products and services, and upstream producers’ budget cuts.

From 3Q15 to 3Q16, Halliburton’s (HAL) Drilling and Evaluation (or D&E) segment revenue fell 30%.

The EIA estimates that the Bakken Shale produced 0.94 MMbpd of crude oil in November 2016. That’s ~22.0% lower than production in November 2015.

In 3Q16, Schlumberger’s free cash flow was ~$1.0 million—compared to ~$2.2 billion last year. Its free cash flow has been positive in the past 13 quarters.

The number of rigs working at the Bakken Shale increased to 31 in October 2016 compared to 28 a month ago.

On August 18, National Oilwell Varco (NOV) approved to pay a quarterly dividend of $0.05 per share to shareholders on September 30.

In the past year, Baker Hughes’s North America revenue share has fallen 51%—the steepest fall among the four major OFS companies in this review.

After the release of the FOMC’s November statement, Bill Gross said that monetary policy in the United States is steadily moving toward normalization, though its pace is slow.

Dave Lesar, Halliburton’s chairman and CEO, thinks that the energy market is turning positive. The US rig count has been strong since the end of 3Q16.

In 2Q16, Baker Hughes’s adjusted EPS fell short of analysts’ consensus EPS estimates. On average, the company’s adjusted EPS has fallen short of consensus EPS estimates by ~12% in the past 13 quarters.

Approximately 78% of analysts tracking Schlumberger have issued a “buy” recommendation or some equivalent, and ~17% have issued a “hold” or some equivalent.

From 2Q15 to 2Q16, Halliburton’s (HAL) Drilling and Evaluation segment’s revenue fell 30%. Its operating income in the D&E segment fell 61% in 2Q16.

In the past year through 2Q16, the US rig count fell 51%. It reached its multiyear high in September 2014. Since then, it fell 73% until September 30.

On September 21, 2016, Target (TGT) announced a dividend of $0.60 per share, raising its quarterly dividend payments by 7% year-over-year.

In the past two years, Albemarle (ALB) has been trading at a one-year forward PE of 10.3x–21.60x. On July 26, 2016, it was trading at 21.5x.

The Bakken Shale produced 1.0 MMbpd of crude oil in June 2016. That’s 3.2% less than the production level in May 2016 and 17% lower than the production level in June 2015.

CNBU (Compute and Networking Business Unit) is Micron’s largest business segment, accounting for 38% of the company’s revenue in fiscal 3Q16.

The correlation coefficient between Schlumberger’s stock price and crude oil prices from June 2015 to the present is 0.63.

In the past one year through 1Q16, the US rig count has fallen 56%. During this period, the international rig count fell only 21%.

Schlumberger’s forward PE (price-to-earnings) multiple reflects analysts’ expectation of lower earnings in the next four quarters.

Foot Locker (FL) has earned above-average returns on its capital investments over the past five years.

Contraction in the PE multiple during earnings-driven bull markets needs to be due to a rising EPS number rather than the falling price component.

Acquisitions have been a core expansion strategy for Avago. At the end of 2013, it acquired LSI for $5.6 billion.

Schlumberger’s (SLB) year-over-year 1Q16 revenues declined by 36%, as compared to the 43% decline Weatherford International (WFT) witnessed.

Halliburton Company, the second-largest oilfield equipment and services provider by market capitalization, has had a fair run in the stock market in 2016.

In its 1Q16 conference call, Anthem updated its 2016 revenue guidance to $81 billion–$82 billion—higher than the previous projection by about $1 billion.

In this article, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) shares following the company’s fiscal 1Q16 earnings release.

Colgate-Palmolive’s global market share is ~45%. It is the leading toothpaste compared to Oral-B and Close-up, especially in emerging markets like India.

In fiscal 2016, Target’s (TGT) performance was upbeat for all merchandise categories with the exception of hardlines.

Beauty companies have been investing heavily in growth initiatives, which is impacting their margins.

All the rig types Transocean (RIG) operates—ultra-deepwater, deepwater, harsh-environment, midwater, and jackup—recorded lower revenues in the past year.

Kansas City Southern is subject to competition from truck carriers, barge lines, and other maritime shippers. Given KSU’s relatively small scale of operations, its competition is probably the toughest among all Class I railroads.

By March 2016, aggregate natural gas production at the seven key shales is expected to fall 1.7% compared to production in January 2016.

According to Coach, its revamped retail stores in North America were experiencing positive comps. Further, same-store sales in Europe grew at a double-digit pace.

Advertising and promotional events from Unilever and PG’s home cleaners and a rise in the popularity of store brands pose threats to Clorox.

About 18.5% of Clorox’s sales were generated in international markets in fiscal 2015. International sales declined in fiscal 2015 due to an unfavorable foreign currency impact.

Freeport-McMoRan’s (FCX) net debt was negative in 4Q12. This basically means that the cash on Freeport-McMoRan’s balance sheet was more than its borrowings.

Walmart has updated its capital expenditure projections for fiscal 2016. It expects to spend $12.4 billion in fiscal 2016, in the middle of the $11.6–$12.9 billion guidance range provided earlier.

Alcoa reported revenues of $5.6 billion in 3Q15, down 11% year-over-year. Alcoa’s 3Q15 revenues were negatively impacted by plant closures and divestitures.

On September 8, Macy’s partnership with Best Buy was announced. Macy’s will open licensed Best Buy shops within ten of its stores.

PepsiCo’s Frito-Lay North America division contributed 22% of the company’s net revenue in fiscal 2014. The segment posted an operating margin of 28% in fiscal 2014.

PepsiCo’s strategy for its UK business involves continued investment in its core brands across snacks and beverages, including Walkers, Tropicana, Naked, Quaker, and Pepsi.

Tesla (TSLA) uses the online sales model coupled with company-owned stores to sell its cars. Selling more vehicles online reduces the company’s selling costs.

Walmart’s (WMT) Sam’s Club segment posted sales of $14.7 billion in 2Q16. That was down 0.9% compared to 2Q15. Results were affected by lower energy prices.

Estée Lauder’s fragrance products accounted for 13% or $1.4 billion of the consolidated net sales in fiscal year 2014. The segment’s operating profit came in at $0.1 billion.

As per the deal specifics that the companies disclosed, Coca-Cola Enterprises (CCE) shareholders should have a 48% shareholding in the new company.

According to its 13F filing, AQR Capital initiated a position in TE Connectivity (TEL) in 4Q14. TEL stock represented 0.39% of the fund’s 4Q14 portfolio.

JANA Partners declared its increased stake in CSC, believing that the company is undervalued. JANA wants CSC to look for strategic alternatives.

Broad market ETFs also hold Citigroup. Citigroup has a large market capitalization and so is a part of the S&P 500 Index.

Although the manufacturing process is outsourced, Coach tries to keep a grip on the manufacturing process from design to production.

Going forward, Coach will have to balance its need to rebuild its brand with the realities of a cut-throat and discount-seeking market.