Latest Oceaneering International News and Updates
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.
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.
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.”
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.
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.
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.
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.
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 Analysts’ Recommendations for TechnipFMC
In this article, we’ll look at Wall Street analysts’ recommendations for TechnipFMC (FTI) on November 9.
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.
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.
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.
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%.
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.
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.
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.
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.
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%.
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.
Schulmberger Is Ranked Fifth for ‘Buy’ Ratings
Approximately 74% of the analysts tracking Schlumberger recommended a “buy” or some equivalent as of June 19.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
How Volatile is Halliburton?
On September 2, 2016, Halliburton (HAL) had an implied volatility of 30% compared to 27% on July 20, 2016.
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.
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%.
What Does Patterson-UTI Energy’s Current Valuation Imply?
Patterson-UTI Energy’s (PTEN) adjusted earnings were negative in fiscal 1Q16.
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.
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.
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.
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%.
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.
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.