Nabors Industries Ltd
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.
Energy Stocks: Biggest Losses Last Week
In the week ending May 24, oilfield services stock Nabors Industries (NBR) fell the most among the stocks in the energy space.
How Does Nabors Industries’ Valuation Compare to Its Peers?
Nabors Industries’ valuation, expressed as a TTM PE (price-to-earnings) multiple, isn’t available due to negative adjusted earnings.
Why Nabors Industries’ Stock Price Seems Bullish
Nabors Industries (NBR), one of the largest land-based drilling operators in the world, had a steady run in the stock market in 2016.
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.
Why Schlumberger Foresees a Slowdown in 2016
We’ve already discussed Schlumberger Limited’s (SLB) fiscal 1Q16 revenues and earnings. We’ll now look into its performance by segment in fiscal 1Q16.
What Do Analysts Expect from Flotek’s 4Q16 Earnings?
In 4Q16, analysts expect Flotek Industries (FTK) to post an adjusted loss per share of ~$0.04.
Analyzing National Oilwell Varco’s Net Debt after 1Q17
National Oilwell Varco’s (NOV) net debt increased 4% in 1Q17 over 1Q16. Its net debt amounted to ~$1.7 billion in 1Q17.
Inside Patterson-UTI Energy’s Current Valuation Compared to Peers
Patterson-UTI Energy’s EV, when scaled by trailing-12-month adjusted EBITDA, is lower than the group peer average.
Wall Street’s Targets for SLB, HAL, KEG, NBR, and CLB
In this article, we’ll look at Wall Street’s targets for the OFS stocks that had the highest net debt-to-equity ratios in the first quarter.
Will the Rig Count Affect Halliburton in 2Q17?
From March 31, 2017, until the week ending July 7, 2017, the US rig count rose 16% to 952. The increased US rig count could raise Halliburton’s 2Q17 revenues.
What’s Nabors Industries’ Short Interest as of June 19?
Short interest in Nabors Industries (NBR) as a percentage of its float was 11.4% as of June 19, 2017, compared to 10.1% as of March 31, 2017.
Saudi Arabia’s Oil Production Is near a Five-Month High
Saudi Arabia’s crude oil production increased by 60,000 bpd to 10,120,000 bpd in May—compared to the previous month.
Upstream Stocks Were the Energy Space’s Top Gainers Last Week
In the week that ended on April 5, upstream stock Denbury Resources (DNR) rose the most among the stocks in the energy space.
Subsea Segment’s Performance Is a Bright Spot for Cameron
Cameron International’s (CAM) Subsea segment showed signs of recovery in fiscal 3Q15 after reporting falling revenue in three consecutive quarters.
TechnipFMC’s Q2 2018 Earnings Missed the Estimates
TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion.
What Nabors Industries’ Historical Valuation Suggests
On March 31, 2017, Nabors Industries (NBR) stock was 20.0% lower than it was on December 30, 2016. In 1Q17, NBR’s adjusted earnings were negative.
The 5 Worst Oilfield Companies by Market Returns
In 2017 so far, many companies in the oilfield equipment and services (or OFS) industry produced negative returns on the stock market.
Analyzing Weatherford’s Stock in the Past Year
In the past year, Weatherford International stock has fallen 19% as of August 4, 2017. It has underperformed the VanEck Vectors Oil Services ETF (OIH).
Analyzing National Oilwell Varco’s Debt—A 2% Year-over-Year Fall
National Oilwell Varco’s (NOV) total debt decreased ~18% in 4Q16 over 4Q15. Its cash and marketable securities decreased 31% during the same period.
Schlumberger’s Earnings Drivers in 2Q17
Schlumberger’s revenues from North America staged a noteworthy recovery, rising 27% from 2Q16 to 2Q17.
Wall Street’s Forecasts for Fairmount Santrol after Its 3Q17 Earnings
On November 2, 2017, after FMSA’s 3Q17 earnings were released, ~59% of the Wall Street analysts tracking Fairmount Santrol Holdings rated it as a “buy.”
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.
What Does FMC Technologies’ Historical Valuation Imply?
FMC Technologies’ (FTI) price-to-earnings (or PE) multiple fell between 2014 to 2015. In 2015, FTI’s adjusted earnings fell by 17% compared to 2014.
Could the US Rig Count Affect Baker Hughes in 1Q17?
From December 30, 2016, until the week ended April 7, 2017, the US rig count rose ~28% to close at 839.
What’s Schlumberger’s Net Debt after 1Q17?
Schlumberger’s (SLB) net debt rose 65% in 1Q17—compared to 1Q16. Its net debt was ~$11.7 billion in 1Q17.
Inside Baker Hughes’s Growth Drivers in 2Q17
Baker Hughes’s (BHGE) North America segment saw 16.5% higher revenues from 2Q16 to 2Q17.
What Affected Flotek Industries in 2Q17?
We’ll now look into Flotek Industries’ (FTK) segment performance in 2Q17. Revenues in the Energy Chemistry Technology (or ECT) segment rose 2% in 2Q17 over a year ago.
Does Wall Street Love the Lowest Cash-Generating Oilfield Stocks?
Approximately 13% of the Wall Street analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent as of May 18.
What Analysts Expect from Schlumberger’s Q2 2018 Earnings
In the second quarter of 2018, analysts expect Schlumberger (SLB) to report $0.43 adjusted EPS, a 13% sequential increase.
Chart in Focus: Nabors Industries’ 7-Day Stock Price Forecast
On February 12, 2018, Nabors Industries’ (NBR) implied volatility was 69.5%.
Avon Leads SPY, Gains 7.72% on August 28
The stocks at the bottom of the SPDR S&P 500 ETF (SPY) on August 28 were GameStop, Autodesk, and Mylan NV. These companies yielded -8.03%, -4.96%, and -2.18%, respectively.
What Analysts Expect from Nabors Industries’ 2Q17 Earnings
In 2Q17, analysts expect Nabors Industries (NBR) to post adjusted loss of $0.35 per share.
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.
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%.
Does Halliburton’s Valuation Point to Further Decline?
Halliburton’s valuation, expressed as an EV/EBITDA multiple, fell from 2009 to 2011.
US Crude Oil and Natural Gas Rigs Fell in Week Ended October 2
In the 12 months ended October 2, 2015, the total US crude oil and natural gas rig count fell by 1,113, or 58%.
Explaining Nabors Industries’ Historical Valuation
Nabors Industries’ historical valuation fell from fiscal 2009 until fiscal 2012, then kept rising until fiscal 2014.
Free Cash Flow: FMC Technologies versus Technip
FMC Technologies’ free cash flow fell 54% to $134 million in the first nine months of 2016—compared to the same period in 2015.
Upstream Stocks Outperformed the Energy Space
In the week ending March 22, upstream stock Denbury Resources (DNR) rose the most among the energy stocks under review in this series.
Weatherford International Outperformed the Energy Space
Weatherford International (WFT) outperformed the energy space for the second consecutive week.
What Do Analysts Expect from WFT’s Q2 2018 Earnings?
Weatherford International (WFT) plans to hold its Q2 earnings call on July 27. Analysts expect an adjusted loss of $0.18 per share for WFT.
Short Interest in National Oilwell Varco as of July 16
The short interest in National Oilwell Varco (NOV) as a percentage of its float was 5.9% as of July 16.
How Nabors Industries Reacted to Crude Oil’s Moves Last Week
In the week ending July 6, Nabors Industries’ (NBR) correlation with crude oil was 0.26.
What’s Nabors Industries’ Stock Price Forecast This Week?
Nabors Industries’ (NBR) implied volatility was 51.3% as of July 6.
US Gasoline Inventories Help Gasoline Futures
US gasoline futures rose 0.6% to $2.13 per gallon on July 5 due to the larger-than-expected drop in gasoline inventories.
Analyzing Baker Hughes’s Revenues and Earnings in Q1 2018
On a combined business basis, from Q1 2017 to Q1 2018, Baker Hughes’s (BHGE) Oilfield Services segment saw 12% higher revenues.
Why Baker Hughes’s Q2 2018 Earnings Rose
For Q2 2018, analysts expect Baker Hughes to post adjusted earnings per share of $0.14.
Analysts’ Forecast for Superior Energy Services
Approximately 50% of the Wall Street analysts tracking Superior Energy Services rated it as a “buy” or some equivalent as of June 28.
Patterson-UTI Energy’s ‘Buy’ Ratings Are Increasing
On March 19–June 19, the percentage of analysts recommending a “buy” or some equivalent for Patterson-UTI Energy has increased from 76% to 78%.
A Look at the Short Interests of SLB, HAL, KEG, NBR, and CLB
Short interest in Schlumberger (SLB) as a percentage of its float was 1.5% on June 1, 2018, compared to 1.8% on June 1, 2017.
Comparing the Returns of 5 OFS Companies by Net Debt-to-Equity
From June 1, 2017, to June 1, 2018, Key Energy Services (KEG) produced an -11% return.
The 5 Oilfield Companies with the Highest Net Debt-to-Equity
In this series, we’ll analyze the five oilfield equipment and services companies with the highest net debt-to-equity ratios in Q1 2018.
US Crude Oil Rig Count Nears Multiyear High
Baker Hughes, a GE company (BHGE), released its US crude oil rig count report on May 25, indicating that the US crude oil rig count rose by 15 to reach 859 between May 11 and 18.
The Lowest 5 Oilfield Services Companies by Free Cash Flow
In this series, we’ll look at the lowest five free cash flow companies in the first quarter in the oilfield equipment and services industry.
How National Oilwell Varco’s Short Interest Compares
Short interest in National Oilwell Varco (NOV) as a percentage of its float was 6.1% as of April 16, 2018.
Top 5 OFS Companies by Expected Revenue Growth in 1Q18
On average, Wall Street analysts expect the OFS industry’s revenues, excluding offshore drillers, to shrink 1.3% in 1Q18—compared to 4Q17.
Short Interest in Nabors Industries on February 12
On February 12, 2018, short interest in Nabors Industries (NBR) as a percentage of its float was 18.6% compared to 7.8% on February 13, 2017.
Analyzing Halliburton’s Revenue and Earnings in 3Q17
Compared to Halliburton’s net income of $361 million in 3Q17, Superior Energy Services’ (SPN) 3Q17 net loss was $57 million.
The Top 5 Oilfield Services Stocks for 4Q17 by Revenue Growth
In this series, we’ll examine and rank the highest- and lowest-growth US oilfield services and equipment (or OFS) companies in 4Q17 versus 3Q17.
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 […]
Behind Halliburton’s Free Cash Flow, Capex, and Acquisition Strategies
Halliburton’s (HAL) CFO (cash from operating activities) in 2Q17 showed a remarkable improvement over 2Q16. HAL’s CFO was a $346 million in 2Q17.
Nabors Industries’ Implied Volatility on August 18
On August 18, 2017, Nabors Industries’ (NBR) implied volatility was ~54%.
What Does Nabors Industries’ Historical Valuation Suggest?
Nabors Industries’ PE multiple was not meaningful in 2015 and 2016 as a result of negative adjusted earnings during this period.
How Nabors Could Use Its Free Cash Flow This Year
Nabors Industries’ (NBR) CFO (cash from operating activities) turned positive in 2Q17, compared with its negative CFO in 1Q17.
Understanding Upstream Operators’ Capex and Nabors’s Margin in 2Q17
Nabors Industries’ (NBR) EBITDA (earnings before interest, tax, depreciation, and amortization) margin fell to 21.6% in 2Q17 from 29% in 2Q16.
Why Nabors Plans to Acquire Tesco
On August 14, Nabors Industries (NBR) announced that it plans to acquire its oilfield equipment and services industry peer Tesco (TESO).
Could the US Rig Count affect Schlumberger in 2Q17?
US rig count From March 31 to June 30, 2017, the US rig count rose ~14% to close at 940. A higher US rig count could increase Schlumberger’s (SLB) revenue and earnings in 2Q17. Although crude oil prices have dropped 7% since March 31, the US rig count has continued to push ahead. Revenue by […]
Inside Flotek Industries’ New 2017 Capex Plan
Flotek’s (FTK) CFO (cash from operating activities) was negative in 1Q17, after being positive for three quarters. FTK’s CFO was -$2.5 million in 1Q17.
Here’s What We Can Forecast for Nabors Industries
On June 20, 2017, Nabors Industries’ (NBR) implied volatility was 61.0% compared to 47.0% when it announced its 1Q17 financial results on April 26, 2017.
What Are Nabors Industries’ Capex Plans for 2017?
Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.
Reading Upstream Operators’ Capexes and Nabors Industries’ Margin
From 1Q16 to 1Q17, Nabors Industries’ EBITDA (earnings before interest, tax, depreciation, and amortization) margin contracted to 17.8% from 27.1%.
How Much the Rig Count Could Affect NBR in 2Q17
In 1Q17, the US rig count rose 25% compared to 4Q16. Since March 31, 2017, the US rig count has risen another 13% as of the week ended June 16, 2017.
What Are Nabors Industries’ Management’s Views on 2017?
Nabors Industries’ (NBR) management believes that many US upstream companies are set to increase their rig counts in 2017.
Analyzing Halliburton’s Free Cash Flow and Capex Plans
Halliburton’s cash from operating activities (or CFO) in 1Q17 was an improvement over 1Q16, although it was a steep deterioration compared to 4Q16.
Short Interest in Nabors Industries on April 19
Short interest in Nabors Industries’s (NBR) stock as a percentage of its float was 10.0% on April 19, 2017, compared to ~6.5% on December 30, 2016.
What Analysts Expect from Nabors Industries’s 1Q17 Earnings
In 1Q17, analysts expect an adjusted loss of $0.35 per share for Nabors Industries (NBR).
Where Superior Energy Stands amid the US Rig Count in 1Q17
In 4Q16, Superior Energy Services’ (SPN) revenue share from North America increased.
Will the US Rig Count Affect Halliburton in 1Q17?
In 4Q16, Halliburton’s (HAL) revenue share from North America increased to 45% compared to 43% in 3Q16.
Short Interest: OFS Stocks with the Lowest Returns in 1Q17
Short interest in Nabors Industries (NBR), as a percentage of its float, rose to 11.5% as of March 31, 2017—compared to 6.5% as of December 30, 2016.
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%.
What’s Affecting Flotek Industries’ Revenue
We’ll now look into Flotek Industries’ (FTK) segment performance in 4Q16. The Energy Chemistry Technologies segment accounted for 68% FTK’s 4Q16 revenues.
What Nabors Industries’ Implied Volatility Suggests
On February 13, 2017, Nabors Industries (NBR) had an implied volatility of 43%.
Will Upstream Operators’ Capex Affect Nabors’ 4Q16 Margin?
In the past couple of years, some of the major US upstream and integrated companies have reduced capital expenditure following crude oil prices’ sharp decline.
What Are Flotek Industries’ Growth Drivers for 4Q16?
Revenues in Flotek Industries’ (FTK) Energy Chemistry Technologies segment fell 25% in 3Q16 over 3Q15.
What’s Affecting Flotek Industries?
Flotek Industries’ revenue growth by segments Flotek Industries’ (FTK) Energy Chemistry Technologies segment accounted for 61% of FTK’s 3Q16 revenue. Revenue in this segment fell 25% between 3Q15 and 3Q16. Flotek Industries makes up 0.15% of the iShares S&P Small-Cap 600 Value ETF (IJS). The energy sector accounts for 4.3% of IJS. The Consumer and […]
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 Niobrara November Crude Oil Production Fell 17% in a Year
The EIA estimates that the Niobrara Shale produced ~0.40 million barrels per day of crude oil in November 2016. That was 17.0% less than production in November 2015.
How Does Baker Hughes’s Management View 4Q16?
In 4Q16, Baker Hughes’s (BHI) management expects a trade-off between strong North American upstream activity and a weaker international energy environment.
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.
Will Rig Count Affect FMC Technologies in 3Q16?
The US rig count reached a multiyear high in September 2014. Since then, it has fallen 73% through September 30, 2016.
Top Oilfield Services Companies’ Correlation with Crude Oil
The correlation coefficient between an OFS company’s stock price and crude oil’s price measures the statistical relationship between the two variables.
Has Patterson-UTI Energy’s Correlation with Crude Oil Increased since Fiscal 2Q16?
The correlation coefficient between Patterson-UTI Energy’s stock price and crude oil from August 2015 to now is 0.64, indicating a positive relationship.
Will Nabors Industries’ Strategies Be Effective?
Oilfield equipment and services (or OFS) companies like Nabors Industries (NBR) are affected by rig counts and energy prices.
What Are Nabors Industries’ Plans to Preserve Liquidity?
Nabors Industries’ cash from operating activities (or CFO) fell 16.7% in 2Q16 over 2Q15.
What’s the Correlation between FTK’s Stock and Crude Oil?
In this article, we’ll analyze the correlation between Flotek Industries’ (FTK) stock price and West Texas Intermediate (or WTI) crude oil’s price.
Has NBR’s Correlation with Crude Oil Decreased since 1Q16?
The correlation coefficient between Nabors Industries’s (NBR) stock price and crude oil prices from July 2015 to July 16 is 0.64.
NBR’s Short Interest Decreasing: What Does It Mean?
Nabors Industries’s (NBR) short interest as a percentage of its float was 4.1% on July 15, compared to 4.2% on March 31.