Oil States International Inc

In the week ending on April 26, upstream stock Anadarko Petroleum (APC) rose the most among the stocks in the energy space.

In the week ending March 1, oilfield services stock Weatherford International fell the most among the energy stocks under review in this series.

On December 7–14, upstream stock Carrizo Oil & Gas (CRZO) fell the most on our list of energy stocks.

Halliburton’s (HAL) stock price correlation with crude oil on July 20–27 was 0.22—a moderately positive correlation.

From Q1 2017 to Q1 2018, Weatherford International’s (WFT) EBITDA margin increased from 6.2% to 10.6%.

The correlation between National Oilwell Varco’s (NOV) stock price and crude oil prices on April 16–July 16 was 0.52.

TechnipFMC will likely close between $34.17 and $29.53 by July 25 based on its implied volatility.

Analysts expect Halliburton (HAL) to report adjusted EPS of $0.58 in Q2 2018, a 41% improvement from its Q1 2018 adjusted EPS of $0.41.

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

Approximately 6% of the Wall Street analysts tracking Oil States International recommended a “sell” or some equivalent as of June 25.

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.

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

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%.

This week, Weatherford International (WFT) has fallen the most in the oilfield service sector, by 3.3% from $3.64 to $3.52.

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.

Oil States International (OIS) ranks fourth on our list of the top five revenue growing OFS companies, according to analysts.

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.

Since May 26, 2017, short interest in SLB has increased 1.4%.

In this part of our series, we’ll look at Wall Street analysts’ forecasts for Keane Group (FRAC) as of May 25.

In 2018, many OFS companies have had positive returns. In this series, we’ll analyze the top five companies by their stock market returns.

Helix Energy Solutions Group’s (HLX) correlation with crude oil from January 1 to May 10 was 0.42, which indicates a positive relationship between HLX’s stock and crude oil prices.

As of April 18, 2018, the short interest in Oil States International as a percentage of its float was 8.2%—compared to 10.3% as of April 18, 2017.

On April 18, 2018, Oil States International’s implied volatility was 40.4%. Since April 18, 2017, the implied has increased from 34.5% to the current level.

Short interest in Baker Hughes, a GE Company (BHGE), as a percentage of its float was 5.7% as of April 12, 2018, compared to 2.7% as of April 12, 2017.

Of the analysts tracking Baker Hughes, a GE company (BHGE), on April 10, 2018, ~47% recommended “buy” or some equivalent and ~53% recommended “hold.”

In this series, we’ll analyze the top five OFS (oilfield equipment and service) companies by net debt-to-equity ratio in fiscal 2017.

On average, Wall Street analysts expect the OFS industry’s revenues, excluding offshore drillers, to shrink 1.3% in 1Q18—compared to 4Q17.

As of March 26, 2018, Reuters reported that one analyst covered Legacy Reserves LP (LGCY) with a “sell” recommendation on the stock.

In 4Q17, 17 funds were “buyers” of Legacy Reserves LP (LGCY) stock, while 27 funds were “sellers.”

In the week starting on March 26, 2018, Oil States International (OIS) is the top gainer from the oilfield services group.

Schlumberger’s (SLB) revenue rose 9.5% in 2017 compared to 2016.

Only two sell-side analysts track Flotek Industries (FTK), as surveyed by Reuters. Both analysts recommended a “buy” or some equivalent on March 9, 2018.

The short interest in Flotek Industries (FTK) as a percentage of its float was 18.8% as of March 9, 2018—compared to 26.0% as of March 10, 2017.

As of December 31, 2017, Oil States International’s (OIS) EV decreased. Oil States International’s stock price declined compared to a year ago.

Flotek Industries’ (FTK) forward EV-to-EBITDA multiple is at the steepest discount to its current EV-to-EBITDA multiple on March 9, 2018.

Schlumberger’s (SLB) correlation with the price of crude oil from March 2, 2018, to March 9, 2018, was 0.86.

The short interest in Schlumberger (SLB) as a percentage of its float was 1.7% as of February 27, 2018—compared to 1.00% as of February 28, 2018.

The correlation coefficient between crude oil prices and Halliburton’s (HAL) stock price from February 15, 2017, to February 15, 2018, was 0.54.

As of February 16, 2018, the short interest in Fairmount Santrol Holdings (FMSA) as a percentage of its float was 10.3%.

Fairmount Santrol Holdings’ (FMSA) correlation with crude oil prices from February 16, 2017, to February 16, 2018, was 0.46.

Correlation between Nabors Industries and crude oil Nabors Industries’ (NBR) correlation with crude oil prices from February 12, 2017, to February 12, 2018, was -0.50. Nabors Industries’ correlation with the Dow Jones Industrial Average (DJIA-INDEX) from February 12, 2017, to February 12, 2018, was -0.60. NBR’s correlation with crude oil and its implication The West […]

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.

Schlumberger’s (SLB) correlation with the price of crude oil from January 26 to February 2, 2018, was 0.79.

For Centennial Resource Development (CDEV), eight analysts have a “strong buy” rating, five have a “buy” rating, and two have a “hold” rating.

In the week starting January 29, 2018, Oil States International (OIS) is the only gainer from the oilfield services group.

Short interest in National Oilwell Varco (NOV) as a percentage of its float was 7.1% as of January 18. Since September 29, 2017, short interest in NOV has decreased 16%. September 29 was the last trading day of NOV’s 3Q17 fiscal quarter.

The correlation coefficient between Weatherford International’s (WFT) stock price and crude oil prices from January 16, 2017, to January 16, 2018, was 0.38.

The short interest in Halliburton (HAL) as a percentage of its float is 2.6% as of January 4, 2017—compared to 3.0% as of September 29, 2017.

The correlation coefficient between Schlumberger’s (SLB) stock price and WTI crude oil prices from January 2, 2017, to January 2, 2018, was 0.48.

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.

Crude oil price’s correlation coefficient with Halliburton’s (HAL) stock price on December 22–29, 2017, was 0.60.

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

Short interest in Schlumberger Short interest in Schlumberger (SLB) as a percentage of its float was 1.4% as of November 29, 2017, compared to 1.5% as of September 29, 2017. Since September 29, short interest in SLB has fallen 6%. So, investors have cut negative bets on Schlumberger since September 29. As noted in the […]

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

The correlation coefficient between TechnipFMC’s (FTI) stock price and crude oil price from November 3 to November 9 was 0.99.

On October 20, 2017, ~39% of the sell-side analysts surveyed by Reuters that track Baker Hughes rated it as a “buy” or some equivalent.

The correlation coefficient between Weatherford International’s (WFT) stock price and crude oil prices from October 10, 2016, to October 10, 2017, was 0.40.

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

Short interest in National Oilwell Varco (NOV) as a percentage of its float was 8.6% as of October 9. Since June 30, short interest in NOV has risen 17%.

From 1Q17 to 2Q17, National Oilwell Varco’s (NOV) Rig Systems segment revenue fell ~12%—which was the biggest revenue slump among NOV’s operating segments.

The correlation coefficient between Patterson-UTI Energy’s (PTEN) stock price and crude oil prices from October 6, 2016, to October 6, 2017, was 0.64.

The short interest in Halliburton (HAL) as a percentage of its float is 2.8% as of October 5, 2017—compared to 3.2% as of June 30, 2017.

Schlumberger’s (SLB) stock price correlation coefficient with crude oil prices from September 22 to September 29 was 0.31.

National Oilwell Varco’s correlation with crude oil prices increased in the trailing year to September 8, 2017—compared to the previous year.

The correlation coefficient between crude oil and SLB’s stock price from August 31, 2016, to August 31, 2017, is 0.60.

The correlation coefficient between the price of crude oil and Nabors Industries (NBR) stock from September 1, 2016, to September 1, 2017, was 0.65.

The correlation coefficient between WTI crude oil prices and Weatherford International (WFT) stock from August 25, 2016, to August 25, 2017, is 0.44.

Nabors Industries’ (NBR) CFO (cash from operating activities) turned positive in 2Q17, compared with its negative CFO in 1Q17.

As of August 4, 2017, Weatherford International’s (WFT) short interest as a percentage of its float was 15.8%—unchanged compared to June 30, 2017.

Short interest in Nabors Industries (NBR) as a percentage of its float is 12.2% as of July 19, 2017, compared to 10% as of March 31, 2017.

The correlation coefficient between Schlumberger (SLB) stock and WTI crude oil prices from July 14, 2016, to July 14, 2017, is 0.62.

As of July 14, 2017, short interest in Schlumberger (SLB) stock as a percentage of float was ~1.6% compared to 1.2% on March 31, 2017.

Nabors Industries’ (NBR) cash from operating activities (or CFO) turned negative in 1Q17, compared to its positive CFO a year earlier.

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

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.

On May 31, 2017, 80% of the analysts tracking Schlumberger rated it a “buy” or some equivalent.

On April 26, after NOV’s 1Q17 earnings were released, ~17% of the analysts tracking it rated the stock as a “buy,” while about 74% rated it as a “hold.”

In 1Q17, analysts expect an adjusted loss of $0.35 per share for Nabors Industries (NBR).

From December 30, 2016, to the week ended April 13, 2017, the US rig count rose ~29% to close at 847. A higher US rig count could increase National Oilwell Varco’s 1Q17 revenue and earnings.

For 1Q17, analysts expect Superior Energy Services (SPN) to report an adjusted loss per share of $0.60, which implies an expectation of an 18% improvement.

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.”

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.

On March 24, 92% of the analysts tracking Halliburton rated it as a “buy,” ~5% rated it as a “hold,” and 3% rated it as a “sell.”

Weatherford International (WFT) is expected to witness a 2.1% fall in revenue in 1Q17 compared to 4Q16.

On March 3, 2017, approximately 92.0% of analysts tracking Halliburton stock rated it a “buy” or some equivalent.

On March 1, 2017, oilfield equipment and services company Weatherford International was trading at $5.84, a ~6% fall compared to the previous year.

About 74.0% of analysts tracking Nabors Industries have rated it a “buy” or some equivalent.

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

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

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.

On January 18, none of the analysts tracking Tidewater rated it as a “buy” or some equivalent, according to data compiled by Reuters.

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

In fiscal 3Q17, analysts expect an ~$1.16 adjusted loss per share for Tidewater. Analysts expect Tidewater’s adjusted loss to fall in the coming quarter.

In 3Q16, FTK’s US revenue share fell to 79% compared to 84% in 3Q15.

Weatherford International’s (WFT) revenue share from North America rose in 3Q16 over 2Q16.

On October 31, Baker Hughes’s management disclosed that it will combine with General Electric’s (GE) oil and gas business to form a partnership.

SPN’s management does not expect its revenues from North America to revive in 4Q16, though in 1Q17, it expects upstream activities to pick up.

In this article, we’ll compare implied volatility for the worst oilfield service (or OFS) companies by expected earnings growth for 3Q16.

National Oilwell Varco’s (NOV) net debt (total debt less cash & marketable securities) fell 20% in 3Q15.

WFT’s higher leverage may pose increased riskiness as well, and such factors can strain WFT’s valuation.