National Oilwell Varco Inc

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  • uploads///Gas Expected
    Macroeconomic Analysis

    January 2017 EIA Estimates: US Shale Gas Production Could Fall

    The EIA expects less natural gas production at four key US shales by January 2017 compared to November 2016. It expects production to rise at three key US shales.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Analyzing National Oilwell Varco’s Free Cash Flow

    National Oilwell Varco’s cash from operating activities (or CFO) rose by more than four times in 1Q16 compared to 1Q15.

    By Alex Chamberlin
  • uploads///RV
    Consumer

    Halliburton’s Valuation Compared to Its Peers

    Halliburton’s forward EV-to-EBITDA multiple compared to its adjusted TTM EV-to-EBITDA is lower than the peer average in our group.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Miscellaneous

    National Oilwell Varco’s Historical Valuation in Context

    On March 31, 2017, National Oilwell Varco (NOV) stock was 7.0% higher than on December 30, 2016. In 1Q17, its adjusted earnings were negative.

    By Alex Chamberlin
  • uploads///Stock Prices
    Consumer

    Did Weatherford Stock Fall in the Week to October 6?

    Since the week ending September 29, 2017, Weatherford International stock has fallen 7% until October 6, 2017. OIH has generated -2% returns.

    By Alex Chamberlin
  • uploads///Crude oil
    Macroeconomic Analysis

    In-Depth: US Crude Oil Rig Count Rose after Ten Weeks

    Baker Hughes reported that the weekly US crude oil rig count rose by two rigs—from 572 to 574—in the week ended November 13, the first rise in a while.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    Analyzing National Oilwell Varco’s Growth Drivers

    Let’s discuss National Oilwell Varco’s growth drivers. The fall of the Wellbore Technology segment’s operating income was restricted by expense reduction.

    By Alex Chamberlin
  • uploads///Capex change
    Consumer

    SLB, HAL, NOV, and BHGE: Comparing the Capex Growth

    National Oilwell Varco’s (NOV) capital expenditure or capex fell ~32% in fiscal 2017—compared to its capex spend in fiscal 2016.

    By Alex Chamberlin
  • uploads///FCF
    Energy & Utilities

    Schlumberger’s Free Cash Flow in 3Q17

    In 3Q17, Schlumberger’s FCF was $1.1 billion. The FCF includes Schlumberger’s expenditure on SPM investments and multiclient seismic data.

    By Alex Chamberlin
  • uploads///IV
    Miscellaneous

    Schlumberger’s 7-Day Stock Price Forecast on May 26

    Schlumberger stock will likely close between $71.88 and $68.30 in the next seven days. Sclumberger’s stock price was $70.09 on May 26, 2017.

    By Alex Chamberlin
  • uploads///analyst recom
    Consumer

    How Analysts View NOV and BHGE in August

    Of the 27 analysts surveyed by Reuters covering National Oilwell Varco (NOV), one analyst rates the stock as “strong buy,” three analysts rate it as a “buy,” and 21 analysts rate it as a “hold.”

    By Rekha Khandelwal, CFA
  • uploads///MA Price
    Consumer

    What’s Ahead for National Oilwell Varco’s Stock Price?

    In this series, we’ll analyze National Oilwell Varco’s growth drivers, balance sheet, and dividends.

    By Alex Chamberlin
  • uploads///featured image
    Consumer

    Halliburton Beats Q3 Estimates but Falls on Lower Q4 Guidance

    Halliburton (HAL) reported its third-quarter earnings results on October 22. The company reported EPS of $0.50.

    By Rekha Khandelwal, CFA
  • uploads///Stock Prices
    Consumer

    Schlumberger’s 1-Year Returns on August 11

    Schlumberger’s (SLB) one-year stock price fell 21.0% as of August 11, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 7.0%.

    By Alex Chamberlin
  • uploads///Stock Prices
    Energy & Utilities

    Schlumberger’s 1-Week Returns on September 22

    Schlumberger’s (SLB) one-week returns were 2.0% as of September 22, 2017. Since September 15, the Energy Select Sector SPDR ETF (XLE) has risen 2.0%.

    By Alex Chamberlin
  • uploads///Analyst Recommendations
    Consumer

    Wall Street Analysts’ Targets for SLB, HAL, NOV, and WFT

    Approximately 90% of the analysts tracking Halliburton (HAL) recommended a “buy,” ~8% recommended a “hold,” and the rest recommended a “sell.”

    By Alex Chamberlin
  • uploads///SLB
    Consumer

    Schlumberger: Do Analysts Expect the Stock to Rise?

    For Schlumberger, seven analysts rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///Returns
    Miscellaneous

    Can Asset Sales Improve Flotek’s Returns in 2017?

    Flotek Industries (FTK) stock has fallen 32% in the past year as of June 30, 2017, compared with the 5% fall we’ve seen in the Energy Select Sector SPDR ETF (XLE).

    By Alex Chamberlin
  • uploads///Revenues
    Company & Industry Overviews

    National Oilwell Varco Is Losing More Revenue than Its Peers

    In this article, we’ll discuss how our four oilfield equipment and services (or OFS) companies have fared in terms of revenue growth in 4Q16 compared to 4Q15.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    Did National Oilwell Varco’s 1Q17 Earnings Beat Estimates?

    National Oilwell Varco (NOV) recorded total revenues of ~$1.7 billion in 1Q17, which was 20.5% lower than the ~$2.2 billion it recorded in 1Q16.

    By Alex Chamberlin
  • uploads///HAL Cover page
    Energy & Utilities

    Comparing Net Debt for BHGE and NOV Post-1Q18

    In this series, we’ll compare Baker Hughes, a GE company, and National Oilwell Varco, two top oilfield equipment and services companies.

    By Alex Chamberlin
  • uploads///Energy MWU_ OFS Gainers
    Basic Materials

    Oilfield Services Gainers: CRR, OII, OIS, FTK, and NOV

    In the week starting on March 19, 2018, CARBO Ceramics (CRR) was the top gainer from the oilfield services group.

    By Nicholas Chapman
  • uploads///ebitda trend
    Company & Industry Overviews

    National Oilwell Varco Had Strong Earnings Growth

    Increased global drilling activity and focused cost reduction efforts contributed to National Oilwell Varco’s earnings growth in 2018.

    By Rekha Khandelwal, CFA
  • uploads///IV
    Energy & Utilities

    Schlumberger’s Stock Price Forecast for the Next 7 Days

    Based on its implied volatility, Schlumberger (SLB) stock could close between $65.44 and $70.46 in the next seven days.

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Why Is Schlumberger’s Stock Price Bullish?

    In the past year, Schlumberger’s stock price trended up. Its revenues stayed steady in 3Q16 and 2Q16 after falling in the previous three quarters.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Understanding Superior Energy’s Free Cash Flow Estimates

    Superior Energy Services’ (SPN) CFO (cash from operating activities) fell 63% in 3Q16 year-over-year. SPN generated $48 million CFO in 3Q16.

    By Alex Chamberlin
  • uploads///Net Income
    Consumer

    Which Oilfield Service Major Achieved Earnings Progress in 2017?

    Halliburton (HAL) recorded a net loss of ~$463 million in 2017—a sharp improvement compared to a net loss of $5.73 billion in 2016.

    By Alex Chamberlin
  • uploads///analyst recom
    Consumer

    Schlumberger: Analysts Cut the Target Price

    On January 10, Jefferies cut its target price for Schlumberger from $54 to $47. Morgan Stanley cut its target price for the stock from $50 to $45.

    By Rekha Khandelwal, CFA
  • uploads///IV
    Miscellaneous

    SLB, HAL, BHI, or NOV: Which Has the Highest Implied Volatility?

    On May 2, 2017, National Oilwell Varco (NOV) had an implied volatility of 28.3%. After it announced its earnings on April 26, 2017, NOV’s implied volatility fell.

    By Alex Chamberlin
  • uploads///Revenue Split
    Miscellaneous

    Weatherford International’s Value Drivers in 1Q17

    Weatherford International’s (WFT) Latin American revenue fell the most (21.0%) from 1Q16 to 1Q17.

    By Alex Chamberlin
  • uploads///Correlation
    Miscellaneous

    What’s National Oilwell Varco’s Correlation with Crude Oil?

    The correlation coefficient between National Oilwell Varco’s stock price and crude oil prices from April 7, 2016, to April 7, 2017, is 0.55.

    By Alex Chamberlin
  • uploads///RV
    Miscellaneous

    What’s Weatherford’s Valuation Compared to Its Peers’?

    WFT makes up 0.33% of the iShares U.S. Energy ETF (IYE). On June 7, IYE had fallen 8% lower compared to its price on March 31.

    By Alex Chamberlin
  • uploads///p
    Consumer

    Chart of the Week: National Oilwell Varco’s Growth Drivers

    From 2Q16 to 2Q17, revenue for National Oilwell Varco’s (NOV) Completion & Production Solutions segment rose 21.0%.

    By Rabindra Samanta
  • uploads///IV
    Earnings Report

    What’s NOV’s 7-Day Stock Price Forecast as of April 17?

    On April 17, 2017, National Oilwell Varco’s (NOV) implied volatility was ~34%. Since NOV announced its 4Q16 financial results on February 6, 2017, its implied volatility has remained nearly unchanged.

    By Alex Chamberlin
  • uploads///Share Price and Projections
    Company & Industry Overviews

    What’s Weatherford Management Saying after Fiscal 4Q15 Earnings?

    Weatherford International’s (WFT) management expects crude oil price to start stabilizing by the second half of 2016. It plans to keep reducing costs to manage the current uncertainty.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    Schlumberger: Analyzing Wall Street Forecasts Post–Q3 Earnings

    In this series, we’ve seen Schlumberger’s (SLB) stock has held up following its latest quarter earnings release. Now let’s look at what Wall Street forecasts.

    By Alex Chamberlin
  • uploads///RV
    Consumer

    Relative Valuation: Comparing Schlumberger and Halliburton

    Halliburton’s EV (or enterprise value), when scaled by the TTM (trailing 12-month) adjusted EBITDA, is the lowest in our group.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Miscellaneous

    Is Halliburton’s Historical Valuation Justified?

    Halliburton’s forward EV-to-EBITDA multiple is lower compared to 1Q17. Analysts expect higher adjusted EBITDA in the next four quarters.

    By Alex Chamberlin
  • uploads///featured image
    Consumer

    Schlumberger’s Q1 Earnings Are Expected to Fall 21%

    Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share.

    By Rekha Khandelwal, CFA
  • uploads///No choice
    Macroeconomic Analysis

    What Rate Hike Road Is the Fed Really on in 2016? (It Looks Strangely Like 2015)

    Policymakers are now hinting toward a rate hike in June. But markets seem to be feeling otherwise.

    By David Ashworth
  • uploads///featured image
    Consumer

    Analyzing Halliburton’s Q4 Earnings

    Halliburton reported its fourth-quarter results on January 22. The company’s EPS fell to $0.41 from $0.53 per share in the fourth quarter of 2017.

    By Rekha Khandelwal, CFA
  • uploads///Broker Recommendations
    Earnings Report

    Wall Street’s Forecasts for Halliburton before Its 3Q15 Earnings

    Wall Street’s forecasts for Halliburton include ~76% of analysts rating the company as a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///featured image
    Consumer

    Helmerich & Payne’s Q1 Results and 2019 Outlook

    Helmerich & Payne reported its first-quarter results on January 29. The company reported an EPS of $0.17 for the quarter ending December 31.

    By Rekha Khandelwal, CFA
  • uploads///Net DEBT
    Miscellaneous

    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.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Wall Street Analysts’ Forecasts for Flotek Industries

    On May 3, 2017, after Flotek Industries’ 1Q17 earnings were released, all of the sell-side analysts tracking Flotek Industries rated it as a “buy.”

    By Alex Chamberlin
  • uploads///RV
    Consumer

    BHGE and NOV: A Look at Relative Valuations

    In this article, we’ll compare relative valuation multiples for Baker Hughes (BHGE) and National Oilwell Varco (NOV).

    By Alex Chamberlin
  • uploads///RV
    Consumer

    What’s Baker Hughes’s Current Valuation versus Peers?

    Baker Hughes, a GE Company (BHGE), is the largest company by market capitalization in our select set of major oilfield services and equipment companies.

    By Alex Chamberlin
  • uploads///Stock Prices
    Miscellaneous

    How Schlumberger Stock Has Performed in the Past Year

    Schlumberger’s (SLB) one-year stock price was down 14% as of June 23, 2017.

    By Alex Chamberlin
  • uploads///Net Income
    Company & Industry Overviews

    Finding Trends in Oilfield Services Companies’ Net Incomes

    Many oilfield equipment and services (or OFS) companies witnessed stupendous rises in their net incomes from 2009 to 2014.

    By Alex Chamberlin
  • uploads///LCRX
    Consumer

    Why Greenlight started a new position in Lam Research Corporation

    Greenlight disclosed a new position in Lam Research Corporation, which accounts for 1.01% of the fund’s 1Q 2014 portfolio.

    By Samantha Nielson
  • uploads///Upstream capex and EBITDA
    Miscellaneous

    How Flotek Could React to Upstream Operators’ Capex and the Rig Count

    From 1Q16 to 1Q17, Flotek’s EBITDA margin shrank to 3.3% from 4.1%. FTK’s EBITDA margin has been 1.7%, on average, for the past five quarters.

    By Alex Chamberlin
  • uploads///bakken
    Macroeconomic Analysis

    US Shale Oil Productivity Impacts the US and Global Oil Market

    US shale oil production rose between 2007 and April 2015. The record US crude oil production was due to the mammoth surge in shale oil production in 2015.

    By Gordon Kristopher
  • uploads///Stock Prices
    Earnings Report

    Reading Baker Hughes’s 1-Year Stock Price on April 7

    In the past year, Baker Hughes (BHI) stock rose 48% through April 10, 2017.

    By Alex Chamberlin
  • uploads///Correlation
    Consumer

    What Are Large Oilfield Companies’ Correlations with Crude Oil?

    The correlation coefficient between Schlumberger’s stock price and crude oil prices from January 11, 2017, to January 11, 2018, was 0.47.

    By Alex Chamberlin
  • uploads///SI
    Consumer

    Short Interest in SLB, HAL, WFT, and NOV after 2Q17

    The short interest in Schlumberger (SLB), as a percentage of its float, is 1.5% as of August 7, 2017—compared to 1.6% as of June 30, 2017.

    By Alex Chamberlin
  • uploads///Net debt
    Company & Industry Overviews

    How Deeply Leveraged Are Oilfield Services Companies?

    From 2009 to 2015, Halliburton’s (HAL) net debt swelled 340%. By September 30, 2016, HAL’s net debt rose 71% compared to December 31, 2015.

    By Alex Chamberlin
  • uploads///Adjusted versus Estimates
    Earnings Report

    What Do Analysts Expect of Halliburton’s 4Q16 Earnings?

    Wall Street analysts expect Halliburton’s (HAL) 4Q16 adjusted earnings per share to reach $0.013—a 29% improvement over its 3Q16 adjusted earnings.

    By Alex Chamberlin
  • uploads///AGNC
    Consumer

    Greenlight opens a new position in REIT American Capital Agency

    Greenlight disclosed a new position in American Capital Agency Corporation. It accounts for 1.69% of the fund’s 1Q 2014 portfolio.

    By Samantha Nielson
  • uploads///SI
    Miscellaneous

    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.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Analysts’ Forecasts for National Oilwell Varco on April 7

    On April 7, ~18% of the analysts tracking National Oilwell Varco rated it a “buy,” ~74% rated it a “hold,” and only 8% of the analysts rated it a “sell.”

    By Alex Chamberlin
  • uploads///NA Reveue and Rig Count
    Miscellaneous

    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.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Energy & Utilities

    What Wall Street Predicts for Basic Energy Services

    On August 1, 2017, ~50% of the sell-side analysts tracking Basic Energy Services rated it a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///SLB Segments
    Miscellaneous

    Schlumberger Adds Peak Well Systems to Its Portfolio

    On January 5, 2017, Schlumberger (SLB) acquired Peak Well Systems. It could extend well life, restore well integrity, and enhance well performance.

    By Alex Chamberlin
  • uploads///Stock Prices
    Energy & Utilities

    Nabors Industries’ 1-Year Returns on September 1

    Nabors Industries’ (NBR) one-year stock price fell 35.0% as of September 1, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 8.0%.

    By Alex Chamberlin
  • uploads///featured image
    Company & Industry Overviews

    Halliburton Has Underperformed Its Peers in 2018—What’s Ahead?

    Halliburton (HAL) stock has fallen ~18% in 2018, underperforming its sector peers. HAL stock fell significantly after its Q2 earnings.

    By Rekha Khandelwal, CFA
  • uploads///Stock Prices
    Miscellaneous

    SLB, HAL, NOV, and WFT: How Their Stock Prices Stack Up

    Schlumberger’s (SLB) stock is down 16% in the past one year as of July 6, 2017.

    By Alex Chamberlin
  • uploads///Capex and EBITDA
    Company & Industry Overviews

    How Upstream Operators’ Capex Could Affect NOV’s Margin in 2017

    From 4Q15 to 4Q16, National Oilwell Varco’s (NOV) EBITDA margin crashed, dropping from 6.8% to -45.3% during this period.

    By Alex Chamberlin
  • uploads///EPS Top
    Consumer

    Top 5 Oilfield Stocks: Expected Earnings per Share Growth

    National Oilwell Varco National Oilwell Varco (NOV) could see ~44% EPS growth between 2Q17 and 3Q17. Its Rig Aftermarket segment’s revenue and margin are expected to grow in 3Q17, while its Completion & Production Solutions segment’s onshore margins are expected to contract due to a high percentage of lower-margin products and adverse movements in foreign exchanges. […]

    By Alex Chamberlin
  • uploads///Revenues
    Consumer

    Halliburton Recorded Strong Revenue Growth in 2017

    Halliburton (HAL) registered the highest revenue growth in our group. Halliburton’s 2017 revenues increased 29.8% to $20.62 billion.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    Wall Street’s Forecasts for NOV before Its 1Q17 Earnings

    In this article, we’ll take a look at Wall Street analysts’ forecasts for National Oilwell Varco (NOV) leading up to its 1Q17 earnings.

    By Alex Chamberlin
  • uploads///MA Price
    Basic Materials

    Why Flotek Industries Stock Is Falling

    On August 9, 2017, Flotek Industries (FTK) was trading at $6.11, down ~35% since the beginning of 2017.

    By Alex Chamberlin
  • uploads///GM
    Consumer

    Why Greenlight decided to exit its position in General Motors

    Greenlight disposed of its stake in General Motors, which accounted for 9.55% of the fund’s 4Q 2013 portfolio.

    By Samantha Nielson
  • uploads///Historical Multiples
    Miscellaneous

    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.

    By Alex Chamberlin
  • uploads///Net income
    Energy & Utilities

    How Were BHGE and NOV’s Earnings in 1Q18?

    In 1Q18, Baker Hughes’s reported net income was $70 million—126% higher compared to the net income in 4Q17.

    By Alex Chamberlin
  • nov ppngautocompresscformatandixlibphp
    Consumer

    Why National Oilwell Varco’s operating earnings are important

    NOV’s revenues have been growing as the energy sector boomed. The company expanded and diversified its operations globally. However, its cost of revenues increased faster.

    By Manas Chowgule, CFA
  • uploads///Stock Prices
    Miscellaneous

    Analyzing Schlumberger’s Stock Price on May 12

    In the past year, Schlumberger (SLB) stock fell 2% until May 12, 2017. In the past year, Schlumberger has underperformed OIH.

    By Alex Chamberlin
  • uploads///Stock Prices
    Company & Industry Overviews

    Analyzing the 1-Year Returns of 4 Oilfield Services Giants

    In this series, we’ll compare the four most prominent US oilfield equipment and services (or OFS) companies, all of which have market caps of over $5.0 billion.

    By Alex Chamberlin
  • uploads///Stock Prices
    Miscellaneous

    National Oilwell Varco Stock for 1 Year as of July 7

    In the past year, as of July 7, 2017, National Oilwell Varco (NOV) stock has fallen 2.0%. The VanEck Vectors Oil Services ETF (OIH) has underperformed NOV.

    By Alex Chamberlin
  • uploads///Segment Revenue
    Earnings Report

    Will Strategic Alternatives Shape Flotek Industries in 2017?

    The Energy Chemistry Technology segment accounted for 76% of Flotek Industries’ revenues in 1Q17. The segment’s revenues rose 36% in 1Q17—compared to 1Q16.

    By Alex Chamberlin
  • uploads///Correlation
    Earnings Report

    How National Oilwell Varco Correlates with Crude Oil

    The correlation coefficient between crude oil price and National Oilwell Varco’s (NOV) stock price from July 11, 2016, to July 11, 2017, is 0.61.

    By Alex Chamberlin
  • uploads///p
    Energy & Utilities

    Oil-Weighted Upstream Stocks: Outlier in the Energy Space

    On August 24–31, upstream stock California Resources (CRC) saw the highest gain on our list of energy stocks.

    By Rabindra Samanta
  • uploads///Stock Prices
    Energy & Utilities

    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).

    By Alex Chamberlin
  • uploads///Stock Prices
    Miscellaneous

    Saudi Aramco Deals Could Help Schlumberger Stock

    On May 20, 2017, Schlumberger signed a memorandum of understanding with Saudi Arabia’s state-owned oil company Saudi Aramco.

    By Alex Chamberlin
  • uploads///Net Debt
    Company & Industry Overviews

    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.

    By Alex Chamberlin
  • uploads///US Revenue and Rig Count
    Earnings Report

    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.

    By Alex Chamberlin
  • uploads///money _
    Consumer

    Why National Oilwell Varco’s 4Q17 Earnings Matched Estimates

    National Oilwell Varco released its 4Q17 and 2017 financial results on February 5, 2018. The company recorded total revenue of ~$2.0 billion in 4Q17.

    By Alex Chamberlin
  • uploads///SI
    Miscellaneous

    What’s the Short Interest in Large OFS Companies on July 6?

    Short interest in Schlumberger (SLB) as a percentage of its float is 1.2% as of July 6, 2017, compared to 1.2% as of March 31, 2017.

    By Alex Chamberlin
  • Energy & Utilities

    Introducing National Oilwell Varco, a “Warren Buffett stock”

    This series studies National Oilwell Varco’s financial performance over the last seven years to help you understand why the company has earned the privilege of becoming a Buffett stock.

    By Manas Chowgule, CFA
  • uploads///Returns
    Earnings Report

    How WFT Stock Reacted to Second-Quarter Earnings

    Since April 24, when Weatherford’s Q1 2018 financial results were released, its stock has increased 26%.

    By Alex Chamberlin
  • uploads///oil rig
    Energy & Utilities

    US Crude Oil Rigs Recovered from a Two-Month Low

    US crude oil rigs rose by three to 861 on July 20–27. The rigs hit 858 for the week ending July 20—near the lowest level since May 18.

    By Gordon Kristopher
  • uploads///Correlation
    Miscellaneous

    What’s NOV’s Correlation with Crude Oil in June 2017?

    National Oilwell Varco’s (NOV) correlation with crude oil prices from June 9, 2016, to June 9, 2017, is 0.61.

    By Alex Chamberlin
  • uploads///IV
    Miscellaneous

    National Oilwell Varco’s 7-Day Stock Price Forecast

    Since its 1Q17 results on April 26, 2017, National Oilwell Varco’s (NOV) implied volatility has increased moderately from 33.0% to 35.0%.

    By Alex Chamberlin
  • uploads///RV
    Miscellaneous

    How Do Large OFS Companies’ Valuations Stack Up?

    Schlumberger’s enterprise value (or EV) when scaled by trailing-12-month (or TTM) adjusted EBITDA is lower than the peer average in our group here.

    By Alex Chamberlin
  • uploads///Stock Prices
    Miscellaneous

    Will High-Pressure Pumping Revenue Help PTEN’s Returns?

    In the past year, Patterson-UTI Energy’s stock has risen 6% (as of June 5, 2017), outperforming the VanEck Vectors Oil Services ETF’s (OIH) -13% returns.

    By Alex Chamberlin
  • uploads///Stock Prices
    Earnings Report

    Patterson-UTI Energy’s Stock Price Returns after 4Q16

    Patterson-UTI Energy released its financial results for 4Q16 on February 9. Its stock price rose ~2% to $27.84 from the closing price on February 8.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Consumer

    Wall Street Targets for the Top Free Cash Generating Oilfield Stocks

    In this article, we’ll look at Wall Street analysts’ targets for the oilfield equipment and services (or OFS) stocks that produced the highest free cash flow in 3Q17.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Inside Fairmount Santrol’s Free Cash Flow

    In this article, we’ll see how Fairmount Santrol Holdings’ (FMSA) operating cash flow has trended over the past few quarters.

    By Alex Chamberlin
  • uploads///RV
    Consumer

    Comparing the Relative Valuations of BHGE and NOV

    In this article, we’ll compare the relative valuation multiples of Baker Hughes (BHGE) and National Oilwell Varco (NOV).

    By Alex Chamberlin
  • uploads///EBITDA Top
    Company & Industry Overviews

    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.

    By Alex Chamberlin
  • uploads///NOV
    Consumer

    National Oilwell Varco’s Forward Valuation Multiple Improved

    National Oilwell Varco’s forward PE multiple is positive, which reflects sell-side analysts’ estimates of positive earnings in the next 12 months.

    By Alex Chamberlin
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