McDermott International Inc
What Might Happen to Oil States’ Revenues in Q2 2018?
Oil States International (OIS) ranks fourth on our list of the top five revenue growing OFS companies, according to analysts.
Does Nabors Industries Expect Rig Count to Rise in the Near Term?
Nabor Industries’s Drilling & Rig Services segment accounted for nearly all of the company’s revenues in 2Q16.
Does Nabors Industries’ Share Price Still Look Strong?
Nabors Industries (NBR), one of the largest land-based drilling operators in the world, has had a steady run in the stock market in 2016.
How Halliburton Beat 2Q16 Estimates Despite Revenue Declines
Halliburton (HAL) released its fiscal 2Q16 financial results on July 20, 2016. It recorded total revenues of $3.4 billion, a decline of 43% from $5.9 billion in fiscal 2Q15.
Ranking the Top 5 OFS Companies by Market Returns
In 2017, not many companies in the OFS (oilfield equipment and services) industry have had positive returns from the stock market.
What Affected Flotek Industries’ Earnings in 4Q16
In terms of operating income, FTK’s Energy Chemistry Technologies segment fell 34% from 4Q15 to 4Q16.
Top Energy Gains Last Week
On April 16, McDermott International announced that it will release its first-quarter earnings results on April 29.
Oilfield Services Stocks Fell the Most in the Energy Sector
On November 30–December 7, Superior Energy Services (SPN) fell the most on our list of energy stocks.
Will the US Rig Count Affect National Oilwell Varco in 4Q16?
A higher US rig count could increase the 4Q16 revenues and earnings of oilfield equipment and services providers such as National Oilwell Varco and Oil States International.
A Look at Flotek Industries’ Debt Position in 2Q17
In 2Q17, Flotek Industries’ (FTK) total debt fell ~34% compared to 2Q16.
Flotek Industries’ Current Valuation versus Its Peers
Sell-side analysts expect Flotek’s adjusted EBITDA to rise sharper in the next four quarters compared to its peers.
National Oilwell Varco’s Correlation with Crude Oil Prices
National Oilwell Varco’s correlation with crude oil prices increased in the trailing year to September 8, 2017—compared to the previous year.
Chart in Focus: Nabors Industries’ 7-Day Stock Price Forecast
On February 12, 2018, Nabors Industries’ (NBR) implied volatility was 69.5%.
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%.
Baker Hughes’s Revenue Growth Depends on These Value Drivers
Between 2Q15 to 2Q16, all of Baker Hughes’s (BHI) segments saw lower revenues.
Short Interest in Flotek Falling: What Does It Mean?
Short interest in FTK Flotek Industries’ (FTK) short interest as a percentage of float was 21.3% on December 20, compared with 23.3% on September 30. Since the end of 3Q16, FTK’s short interest has fallen 10%. FTK’s share price and short interest as a percentage of float been mostly inversely related in the past three years. […]
What’s behind Helix Energy’s High ‘Buy’ Ratings?
Helix Energy Solutions Group (HLX) has the second-highest “buy” ratings assigned by sell-side analysts in the OFS industry.
Energy Stocks: Top Outperformers Last Week
In the week ending February 22, Superior Energy Services (SPN) rose the most among the energy stocks under review in this series.
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.
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 Nabors Industries’ Stock Price Forecast This Week?
Nabors Industries’ (NBR) implied volatility was 51.3% as of July 6.
The Top Energy Decliners in the Week Ended July 6
During the week ended July 6, US crude oil August futures and natural gas August futures fell 0.5% and 2.3%, respectively.
WFT’s Stock Price Forecast for This Week
As of June 22, Weatherford International’s (WFT) implied volatility was 58.9%. Since April 24, when Weatherford International’s first-quarter financial results were released, its implied volatility has decreased from 63%.
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%.
Returns of Top Five Oilfield Companies by Expected Revenue Growth
McDermott International (MDR), which sell-side analysts expect to achieve the highest revenue growth in Q2, has produced 3.6% YTD returns as of June 12.
The Top Five Oilfield Companies by Expected Revenue Growth in Q2
In this series, we’ll rank and analyze the top five OFS companies that are expected to generate the highest revenue growth in Q2 2018.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton’s (HAL) implied volatility was 23.9% on June 8.
Halliburton’s Next 7-Day Stock Price Forecast
Halliburton stock will likely close between $48.52 and $44.36 in the next seven days—based on its implied volatility.
What’s Schlumberger’s 7-Day Stock Price Forecast?
On January 19, 2018, Schlumberger’s (SLB) 4Q17 financial results were released.
McDermott International Has Increased 16% in 2018
McDermott International’s stock price was the highest YTD at $8.98 on January 24. Since then, the stock price has declined 15% until March 13.
What’s Halliburton’s Next 7 Day Stock Price Forecast?
Halliburton stock will likely close between $48.63 and $45.35 in the next seven days—based on its implied volatility.
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.
Weatherford’s Stock Price Forecast
On January 16, Weatherford International’s (WFT) implied volatility (or IV) was ~64%. Its 3Q17 earnings were announced on November 1, 2017. Since then, its implied volatility has increased from 54% to the current level.
Weatherford International’s Valuation Compared to Its Peers
Weatherford International’s (WFT) EV (enterprise value) when scaled by a trailing 12-month adjusted EBITDA is close to the peer average in our group.
Here’s National Oilwell Varco’s 7-Day Stock Price Forecast
On December 12, 2017, National Oilwell Varco’s (NOV) implied volatility was 24.7%.
A Peek at Halliburton’s Post-3Q17 Net Debt
Halliburton’s net debt In 3Q17, Halliburton’s (HAL) total debt fell 11% from the year prior, while its cash and marketable securities fell 42%. Its net debt remained at ~$9.0 billion. Despite a decrease in total debt, a steep decline in cash and marketable securities prevented any sharp fall in HAL’s net debt. Is HAL’s credit rating changing? Moody’s maintained Halliburton’s […]
What We Can Forecast for TechnipFMC Next Week
On November 9, TechnipFMC’s (FTI) implied volatility was 31.5%. Since FTI’s 3Q17 financial results were announced on October 25, its implied volatility has fallen marginally.
A Look at National Oilwell Varco’s Free Cash Flow
National Oilwell Varco’s operating cash flow and capex National Oilwell Varco’s (NOV) CFO (cash from operating activities) rose 31% between 2Q16 and 2Q17. NOV generated $168 million in CFO in 2Q17. Higher revenue in the past year has boosted its CFO. National Oilwell Varco’s free cash flow NOV’s capex fell 44% between 2Q16 and 2Q17. Lower […]
Here’s What We Can Forecast for Halliburton Next Week
In January 2016, Halliburton’s implied volatility was one of the highest in the past three years at ~52.0%. Since then, its implied volatility has fallen sharply.
Understanding Halliburton’s Net Debt after 2Q17
In 2Q17, Halliburton’s (HAL) total debt fell 14% from 2Q16, while its cash and marketable securities fell 31%.
Wall Street Analysts’ Recommendations for Flotek Industries
On August 10, 2017, all of the sell-side analysts tracking Flotek Industries rated it as a “buy.” None of the analysts rated Flotek as a “hold” or “sell.”
What Was the Short Interest in Schlumberger on August 4?
Short interest in Schlumberger’ (SLB) stock as a percentage of its float was ~1.5% on August 4, 2017, compared to 1.6% as of June 30, 2017.
What Drove Schlumberger in 1Q17
Schlumberger’s 1Q17 revenue by geography From 4Q16 to 1Q17, Schlumberger (SLB) witnessed 6% revenue growth in North America, while it saw a steep revenue decline of ~10% in the Europe/CIS[1.Commonwealth of Independent States]/West Africa region. Schlumberger’s revenue from Latin America was resilient in 1Q17, remaining unchanged from 4Q16. Schlumberger accounts for 6.5% of the ProShares […]
Weighing Flotek’s Current Valuation against Peers
Sell-side analysts expect FTK’s adjusted EBITDA to rise more sharply over the next four quarters than those of its peers.
Here’s What We Can Expect for Baker Hughes Next Week
On June 13, 2017, Baker Hughes’s (BHI) implied volatility was 20.3%.
What’s Happening to Halliburton’s Net Debt?
In 1Q17, Halliburton’s (HAL) total debt fell 29% compared to a year earlier, while its cash and marketable securities fell 78%.
Wall Street’s Forecasts for BHI before Its 1Q17 Earnings Release
On April 10, ~58% of the analysts tracking Baker Hughes rated it as a “buy” or some equivalent, ~42% rated the company as a “hold,” and none of the sell-side analysts rated it as a “sell” or an equivalent.
Analysts’ Recommendations for Weatherford International
On March 1, ~71% of the analysts tracking Weatherford International rated it as a “buy,” ~20% rated it as a “hold,” and the rest rated it as a “sell.”
What Does Implied Volatility Suggest for Weatherford Stock?
On March 1, Weatherford International’s (WFT) implied volatility was ~52%. Since February 1, its implied volatility fell from 73% to the current level.
How Flotek Industries Is Valued versus Peer Stocks
Core Laboratories (CLB) is the largest company by market capitalization among our set of select oilfield services and equipment (or OFS) companies…
Why Did Baker Hughes’s Short Interest Increase?
The short interest in Baker Hughes (BHI) stock as a percentage of its float was 2.3% as of January 10—compared to 1.8% as of September 30.
Assessing Nabors Industries’ Plans to Preserve Liquidity
In this article, we’ll analyze how Nabors Industries’ (NBR) operating cash flows trended over the past few quarters.
Nabors: Gauging the Impact of Rig Counts in 4Q16
In 3Q16, the US rig count fell 35% over 3Q15. The US rig count reached its multi-year high in September 2014.
Is Weatherford International’s Implied Volatility Up?
On November 7, 2016, Weatherford International’s (WFT) implied volatility rose to ~89%, as compared to 66% one week previously.
How Much Could the US Rig Count Impact NOV in 4Q16?
In 3Q16, the US rig count fell 35% compared to 3Q15. It reached a multiyear high in September 2014. Since then, it fell 70% until November 11.
Wall Street’s Forecasts for FMC Technologies after 3Q16 Earnings
Approximately 33.0% of analysts tracking FMC Technologies (FTI) have rated it a “buy” or some equivalent. About 60.0% have rated it a “hold” or equivalent.
What Could Drive National Oilwell Varco’s Performance in 3Q16?
National Oilwell Varco’s revenue growth From 2Q15 to 2Q16, National Oilwell Varco’s (NOV) Rig Systems segment’s revenue fell 71%, the largest revenue drop among NOV’s operating segments. Its Completion & Production Solutions segment witnessed a ~38% revenue decline during the same period, the smallest decline among the segments. In 2Q16, smaller market cap peer McDermott […]
Could the US Rig Count affect National Oilwell Varco in 3Q16?
National Oilwell Varco’s US revenue In 2015, National Oilwell Varco’s (NOV) US revenue share fell. In 2015, NOV’s US revenue share fell to 25% from 28% in 2014. During the same period, NOV’s aggregate revenues fell 31%. In comparison, McDermott International’s (MDR) 2015 revenues increased by 33% from 2014. NOV makes up 0.06% of the […]
How the US Rig Count May Have Affected Core Laboratories in 3Q16
In the past year, Core Laboratories’s (CLB) revenue has fallen. In 2Q16, CLB’s revenue fell 3.6% over 1Q16.
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.
What’s Driving Schlumberger’s Share Price up So Far This Year?
Schlumberger (SLB), the largest oilfield equipment and services (or OFS) provider by market capitalization, has had a steady run in the stock market in 2016.
Why WFT Expects Its Free Cash Flow to Improve in 2H16
In this article, we’ll analyze how Weatherford International’s (WFT) operating cash flow has trended over the past few quarters.
How Is Flotek Industries Currently Valued Compared to Its Peers?
RPC is the largest company by market capitalization among our set of select OFS companies. Flotek Industries is the smallest of the lot.
How Far Could US Shale Oil Production Drop?
The EIA (U.S. Energy Information Administration) expects crude oil production to slow down at the key US shales.
Core Laboratories’ Short Interest Is Increasing, but What Will That Mean?
Core Laboratories’ (CLB) short interest as a percentage of its float is 14.9% as of August 8, as compared to 13.4% as of June 30.
Inside the Analyst Forecasts for Patterson-UTI Energy after Its 2Q16 Earnings
Approximately 52% of analysts tracking Patterson-UTI Energy (PTEN) rated it a “buy” or some equivalent. Approximately 34% rated the company a “hold.”
What Do Analysts Expect from Nabors Industries’s 2Q16 Earnings?
In 2Q16, Wall Street analysts expect an adjusted loss per share of $0.45 for Nabors Industries (NBR). NBR will release its 2Q16 financial results on August 2.
Has BHI’s Short Interest Decreased since 1Q16?
On July 7, 2016, Baker Hughes’s (BHI) short interest as a percentage of its float was 1.0%, compared to 1.2% on March 31.
Is Halliburton Expecting a Recovery in 2Q16?
Halliburton’s (HAL) revenues have been in a downtrend from 1Q15 through 1Q16.
Why Superior Energy Services Canceled Its Dividend
In March, Superior Energy Services’ (SPN) management disclosed that SPN’s board has elected to eliminate its quarterly dividend per share (or DPS).
Why Is Superior Energy Services’ Share Price Recovering?
Only July 1, Superior Energy Services (SPN) was trading at $18.99. This price was ~40% higher than its price at the beginning of 2016.