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US Rig Count Impacted SLB, HAL, and NOV in 2017
Halliburton’s 2017 revenues from North America increased 71% from 2016. Halliburton generated ~56% of its total revenues from North America in 2017.
How the US Rig Count Affected SLB, HAL, and BHGE in 3Q17
Schlumberger’s North America revenues rose 9% YoY in 3Q17, accounting for 34% of its total revenues.
AQR Capital Initiates Stake in Delphi Automotive
AQR Capital commenced a position in Delphi Automotive (DLPH). DLPH stock represented 0.32% of the fund’s 4Q14 portfolio.
Heartware Acquisition Boosts MDT’s Position in Ventricular Assist Device Segment
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.
What’s behind Medtronic’s Accelerating Margin Expansion?
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.
How Did US Rig Count Affect SLB, HAL, and WFT in 2Q17?
Schlumberger (SLB), Weatherford International (WFT), and Halliburton (HAL) saw higher revenues from North America in 2Q17 compared to a year earlier.
ETFs Are Expected to Post Strong Growth
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.
Why the FOMC Statement Didn’t Affect Equity Markets
Since the previous Fed meeting in March, where the Fed announced a 0.25% rate hike, equity markets (IWV) around the globe remained dovish.
How the US Rig Count Affected SLB, HAL, and BHI in 1Q17
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.
This Is What Affected Halliburton’s 1Q17 Performance
Halliburton’s (HAL) Completion and Production segment’s revenue improved a phenomenal 3.9x in operating income in 1Q17 over 1Q16.
Best Oilfield Services Stocks for 1Q17 by EBITDA Growth
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.
What Are Halliburton’s Value Drivers?
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%.
How Schlumberger Plans to Spend Its Free Cash Flow
In this article, we’ll analyze how Schlumberger’s (SLB) operating cash flows have trended over the past few quarters.
How the US Rig Count Affected SLB, HAL, and BHI in 4Q16
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.
Why Halliburton’s 4Q16 Improvements Still Couldn’t Beat Last Year’s Performance
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.
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 Did Halliburton’s Revenues and Earnings Pan Out in 3Q16?
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%.
Best Oilfield Service Stocks for 4Q16: Earnings Growth
Wall Street analysts expect Flotek Industries (FTK) to register positive EBITDA (or earnings before interest, tax, depreciation & amortization) in 4Q16.
Which of Halliburton’s Segments Have Weakened the Most?
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.
Which Segments Are Driving Halliburton’s 2016 Revenues?
From 3Q15 to 3Q16, Halliburton’s (HAL) Drilling and Evaluation (or D&E) segment revenue fell 30%.
Why November Bakken Crude Oil Production Fell 22% Year-over-Year
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.
What’s Schlumberger’s Free Cash Flow Estimate?
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.
Why October Bakken Crude Oil Production Fell 21% Year-over-Year
The number of rigs working at the Bakken Shale increased to 31 in October 2016 compared to 28 a month ago.
Analyzing National Oilwell Varco’s Dividend
On August 18, National Oilwell Varco (NOV) approved to pay a quarterly dividend of $0.05 per share to shareholders on September 30.
How Did the US Rig Count Affect SLB, HAL, and BHI in 3Q16?
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.
Bill Gross: Monetary Policy on Steady but Slow Path
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.
Halliburton: What’s Management’s View after 3Q16?
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.
Analysts Weigh In on Baker Hughes ahead of Its Earnings Release
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.
Wall Street’s Forecasts for Schlumberger before Its 3Q16 Report
Approximately 78% of analysts tracking Schlumberger have issued a “buy” recommendation or some equivalent, and ~17% have issued a “hold” or some equivalent.
Analyzing Halliburton’s Strategies in 3Q16
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.
Will the Rig Count Impact Halliburton in 3Q16?
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.
Target Approves $5 Billion Repurchase Plan, Increases Dividend
On September 21, 2016, Target (TGT) announced a dividend of $0.60 per share, raising its quarterly dividend payments by 7% year-over-year.
Albemarle’s Valuations Ahead of 2Q16 Earnings Release
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.
Why June Bakken Crude Oil Production Fell 17% Year-over-Year
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.
Design Wins Increase Micron’s Compute and Networking Revenue
CNBU (Compute and Networking Business Unit) is Micron’s largest business segment, accounting for 38% of the company’s revenue in fiscal 3Q16.
Has SLB’s Correlation with Crude Oil Fallen since 1Q16?
The correlation coefficient between Schlumberger’s stock price and crude oil prices from June 2015 to the present is 0.63.
How Will the Rig Count Affect Schlumberger in 2Q16?
In the past one year through 1Q16, the US rig count has fallen 56%. During this period, the international rig count fell only 21%.
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.
Analyzing Foot Locker’s Historical Capital Returns Performance
Foot Locker (FL) has earned above-average returns on its capital investments over the past five years.
Portfolio Construction in Earnings-Driven Bull Markets
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.
What Are Broadcom’s Future Acquisition Plans?
Acquisitions have been a core expansion strategy for Avago. At the end of 2013, it acquired LSI for $5.6 billion.
How Does SLB Score Compared to WFT in Revenue and Income?
Schlumberger’s (SLB) year-over-year 1Q16 revenues declined by 36%, as compared to the 43% decline Weatherford International (WFT) witnessed.
Why Is Halliburton’s Share Price Gathering Strength?
Halliburton Company, the second-largest oilfield equipment and services provider by market capitalization, has had a fair run in the stock market in 2016.
What You’ll Want to Know about Anthem’s Guidance for 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.
What’s Wall Street Saying for Halliburton after Q1 Earnings?
In this article, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) shares following the company’s fiscal 1Q16 earnings release.
The Story behind Colgate-Palmolive’s Commercial Strategies
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.
Merchandise Mix: Which Categories Are Performing Best at Target?
In fiscal 2016, Target’s (TGT) performance was upbeat for all merchandise categories with the exception of hardlines.
Why Did Beauty Companies’ Operating Margins Shrink in 4Q15?
Beauty companies have been investing heavily in growth initiatives, which is impacting their margins.
Analyzing Transocean’s Growth ahead of Earnings: 4 Key Drivers
All the rig types Transocean (RIG) operates—ultra-deepwater, deepwater, harsh-environment, midwater, and jackup—recorded lower revenues in the past year.
What Are the Major Risks Faced by Kansas City Southern?
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.
Which US Shale Is Expected to See Natural Gas Production Rise?
By March 2016, aggregate natural gas production at the seven key shales is expected to fall 1.7% compared to production in January 2016.
Can Coach Design Its Way to Positive Same-Store Sales Growth?
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.
Hurdles in Clorox’s Growth: Weaknesses and Threats
Advertising and promotional events from Unilever and PG’s home cleaners and a rise in the popularity of store brands pose threats to Clorox.
Clorox Is Eyeing Growth Opportunities in the International Market
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: How Equity Issuance Saved the Day
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 Lowers Capital Expenditure Projections
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’s 3Q15 Revenues Fall on Lower Pricing, Divestitures
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.
An Interesting Alliance: Macy’s Partnership with Best Buy
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 Poised for Further Growth
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
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.
Is Tesla Pursuing the Correct Sales and Distribution Strategy?
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.
Web Performance May Usher In New Era for Walmart’s Sam’s Club
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 High-End Fragrance Segment
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.
Coca-Cola Bottler Merger: Benefits for CCE and KO Investors
As per the deal specifics that the companies disclosed, Coca-Cola Enterprises (CCE) shareholders should have a 48% shareholding in the new company.
TE Connectivity Is a New Addition to AQR Capital’s Portfolio
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.
Why JANA Partners Considers CSC To Be Undervalued
JANA Partners declared its increased stake in CSC, believing that the company is undervalued. JANA wants CSC to look for strategic alternatives.
You can invest in Citigroup through a wide selection of ETFs
Broad market ETFs also hold Citigroup. Citigroup has a large market capitalization and so is a part of the S&P 500 Index.
Coach’s Supply Chain And Manufacturing Model
Although the manufacturing process is outsourced, Coach tries to keep a grip on the manufacturing process from design to production.
Will The Coach Transformation Plan Work?
Going forward, Coach will have to balance its need to rebuild its brand with the realities of a cut-throat and discount-seeking market.