Oceaneering International

Latest Oceaneering International News and Updates

  • uploads///OIS
    Energy & Utilities

    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.

    By Alex Chamberlin
  • uploads///Correlation
    Consumer

    Correlation between Crude Oil and Halliburton on September 5

    The correlation coefficient between the price of crude oil and Halliburton (HAL) stock from September 5, 2016, to September 5, 2017, is 0.65.

    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 Rev and Rig count
    Consumer

    Will the Rig Count Impact Halliburton’s Earnings in 4Q17?

    From September 29, 2017, until the week ending December 29, 2017, the US rig count fell 1% and finished at 929.

    By Alex Chamberlin
  • uploads///HAL
    Consumer

    How Halliburton’s Free Cash Flow Turned Around in 2Q17

    Halliburton’s (HAL) cash from operating activities (or CFO) in 2Q17 was a huge improvement over 2Q16 as well as an increase over 1Q17.

    By Alex Chamberlin
  • uploads///HAL
    Consumer

    How Did Halliburton Turn Its Free Cash Flow Positive in 2017?

    Halliburton’s (HAL) CFO (cash flow from operating activities) in 2017 was a significant improvement over 2016.

    By Alex Chamberlin
  • uploads///MA Price
    Miscellaneous

    Why Schlumberger’s Stock Price Is Bearish

    In the past year, Schlumberger’s stock price rose until January 2017. Schlumberger’s revenue fell slowly in the four quarters leading up to 1Q17.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    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.

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

    Wall Street Analysts’ Recommendations for TechnipFMC

    In this article, we’ll look at Wall Street analysts’ recommendations for TechnipFMC (FTI) on November 9.

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

    How Did Schlumberger React to Crude Oil Prices Last Week?

    Crude oil prices have risen significantly since the end of June 2017. Analysts don’t expect much impending downside in crude oil prices.

    By Alex Chamberlin
  • uploads///SI
    Earnings Report

    Weatherford International’s Short Interest on July 17

    Short interest in Weatherford International (WFT) as a percentage of its float was 12.6% on July 17.

    By Alex Chamberlin
  • uploads///SI
    Earnings Report

    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.

    By Alex Chamberlin
  • uploads///Capex and EBITDA
    Earnings Report

    Will Upstream Capex Impact Baker Hughes’s Margin in Q2 2018?

    From Q1 2017 to Q1 2018, the upstream companies constituting the Energy Select Sector SPDR ETF (XLE) boosted capex by 8%.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    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.

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

    Analyzing the Short Interest: NOV, FTI, OIS, TS, and OII

    The short interest in Tenaris S.A. (TS) as a percentage of its float was 0.76% as of June 25—compared to 1.5% as of January 1.

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

    Oceaneering International: 5% of the Analysts Gave a ‘Sell’ Rating

    Approximately 5% of the analysts tracking Oceaneering International recommended a “sell” or some equivalent as of June 25.

    By Alex Chamberlin
  • uploads///onshore _
    Energy & Utilities

    Five OFS Companies with the Highest ‘Sell’ Recommendations

    According to Wall Street analysts’ ratings, National Oilwell Varco (NOV) has the highest “sell” recommendations in the OFS industry.

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

    What’s OII’s Stock Price Forecast for the Week Ending June 29?

    On June 21, Oceaneering International’s (OII) implied volatility was 40.5%.

    By Alex Chamberlin
  • uploads///Correlation
    Materials

    How Is Oceaneering International Reacting to Crude Oil’s Price?

    OII’s correlation with crude oil’s price from March 21 to June 21 represented a positive relationship between OII and crude oil.

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

    Schulmberger Is Ranked Fifth for ‘Buy’ Ratings

    Approximately 74% of the analysts tracking Schlumberger recommended a “buy” or some equivalent as of June 19.

    By Alex Chamberlin
  • uploads///Energy MWU_ OFS Gainers
    Energy & Utilities

    Oilfield Services Gainers This Week: AROC, OII, DRQ, TTI, CRR

    From June 18–20, Archrock (AROC) was at the top of the list of gainers in the oilfield services group.

    By Nicholas Chapman
  • uploads///Top Cover page
    Earnings Report

    What Analysts Expect for National Oilwell Varco in 1Q18

    In 1Q18, Wall Street analysts expect National Oilwell Varco (NOV) to post adjusted EPS (earnings per share) of -$0.01, compared with -$0.04 in 4Q17.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Materials

    Wall Street’s Forecasts for Weatherford after Its 4Q17 Earnings

    Wall Street analysts’ mean target price for Weatherford International (WFT) on February 2 was ~$5.30. WFT is currently trading at ~$3.50, implying an ~52.0% upside at its current price.

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

    What Wall Street Says about Weatherford International

    On December 26, 2017, 78% of the Wall Street analysts tracking Weatherford International rated it a “buy” or some equivalent.

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

    How Will Nabors Industries Use Its Free Cash Flow after 3Q17?

    Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 3Q17, compared to a positive CFO a year ago.

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

    Analysts’ Forecast for Weatherford before Its 3Q17 Earnings

    On October 10, 2017, ~74% of the Wall Street analysts tracking Weatherford International rated it as a “buy” or some equivalent.

    By Alex Chamberlin
  • uploads///OFS Gainers WU_
    Energy & Utilities

    Who Were the Biggest Oilfield Services Gainers Last Week?

    In the week ending September 8, 2017, Carbo Ceramics (CRR) was at the top of the list of gainers from the oilfield services group.

    By Nicholas Chapman
  • uploads///FCF
    Energy & Utilities

    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.

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

    Correlation between Weatherford and Crude Oil on August 4

    Weatherford International (WFT) stock and crude oil prices have had a steady positive correlation in the past year.

    By Alex Chamberlin
  • uploads///FCF
    Miscellaneous

    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.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    What’s Wall Street’s Take on Weatherford as of June 7?

    In this article, we’ll look Wall Street analysts’ recommendations for Weatherford International (WFT) as of June 7, 2017.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    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.”

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

    Wall Street’s Forecasts for Tidewater after Its Fiscal 3Q17 Earnings

    According to Reuters, none of the analysts tracking Tidewater (TDW) recommended a “buy” or any equivalent for the stock.

    By Alex Chamberlin
  • uploads///Estimates
    Earnings Report

    Will Tidewater’s Fiscal 3Q17 Earnings Disappoint?

    In fiscal 3Q17, analysts expect $1.16 adjusted loss per share for Tidewater (TDW). Wall Street analysts expect Tidewater’s adjusted loss to deteriorate.

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

    What Are Tidewater’s Growth Drivers?

    From April 1 to September 30 of fiscal 2017, Tidewater’s (TDW) revenues fell 46% compared to the same period in fiscal 2016.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    What’s National Oilwell Varco’s Historical Valuation?

    On September 30, 2016, National Oilwell Varco’s (NOV) share price was 10% higher compared to December 31, 2015.

    By Alex Chamberlin
  • uploads///Volatility
    Earnings Report

    How Volatile Is Halliburton?

    On October 5, Halliburton had an implied volatility of 28.5%. Since July 20, 2016, its implied volatility rose from ~27% to the current level.

    By Alex Chamberlin
  • uploads///IV Worst
    Company & Industry Overviews

    How Volatile Are the Worst Oilfield Service Companies?

    In this part, we’ll compare the implied volatility of the worst OFS (oilfield services and equipment) companies by expected earnings growth for 3Q16.

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

    How Volatile is Halliburton?

    On September 2, 2016, Halliburton (HAL) had an implied volatility of 30% compared to 27% on July 20, 2016.

    By Alex Chamberlin
  • uploads///Historical Multiples
    Company & Industry Overviews

    Is Core Laboratories Overvalued at Current Levels?

    Core Laboratories’ PE multiple increased sharply in 2Q16 as compared to fiscal 2015. CLB’s adjusted earnings decreased by ~46% as compared to 4Q15.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    What Can Drive National Oilwell Varco in 2Q16?

    National Oilwell Varco’s revenues were on a downtrend from fiscal 1Q15 through fiscal 1Q16. During this period, its Rig Systems segment revenue fell 63%.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    What Does Patterson-UTI Energy’s Current Valuation Imply?

    Patterson-UTI Energy’s (PTEN) adjusted earnings were negative in fiscal 1Q16.

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

    Why Is Helmerich & Payne’s Share Price Gaining Strength?

    Helmerich & Payne was trading at $60.98 on March 21, 2016. This is ~11% lower than the company’s price one year previously.

    By Alex Chamberlin
  • uploads///Eagle Ford
    Macroeconomic Analysis

    Eagle Ford Oil and Gas Production Was Down Again in November

    The EIA estimates that natural gas production at the Eagle Ford Shale was 6.7 billion cubic feet per day in November 2015, 2% below October’s level.

    By Alex Chamberlin
  • uploads///Oil and gas rig count
    Macroeconomic Analysis

    Why the Falling Rig Count Last Week Matters to Investors

    In the week ending June 12, the US rig count decreased by seven active crude oil rigs and one natural gas rig.

    By Alex Chamberlin
  • uploads///Oil and gas rig count
    Macroeconomic Analysis

    Why Falling Rig Counts in Week Ending June 5 Matter to Investors

    In the June 5 week, the US rig count decreased by four crude oil rigs and three natural gas rigs. In the 12 months to June 5, the total rig count dropped by 992, or 53%.

    By Alex Chamberlin
  • uploads///Oil and gas rig count
    Macroeconomic Analysis

    Rig Counts Dropped 53% in 1 Year: Why It Matters to Investors

    In the week ending May 29, the US rig count decreased by 13 active crude oil rigs, partially offset by three additional natural gas rigs.

    By Alex Chamberlin
  • uploads///P OFS
    Macroeconomic Analysis

    C&J Energy Services a Mid-April Standout in the Oilfield

    C&J Energy Services (CJES) continued its sharp rise with a ~14% return last week. The previous week, it was up ~20%. The stock has gained ~8% year-to-date.

    By Manas Chowgule, CFA
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