Between April 16 and April 23, Halliburton (HAL) stock’s price correlation with crude oil was 0.99, showing that Halliburton and crude oil prices have been strongly correlated in the past week.
The correlation coefficient between Baker Hughes, a GE Company’s (BHGE), stock price and crude oil prices from April 12, 2017, to April 12, 2018, was -0.06.
Halliburton’s (HAL) stock price correlation coefficient with the crude oil price on January 16–22, 2018, was 0.61. They had a relatively strong correlation.
On September 12, Weatherford International’s (WFT) implied volatility was 49.3%. Since its 2Q17 financial results were declared on July 28, WFT’s implied volatility (or IV) has fallen from ~62% to the current level.
Crude oil’s moves and Schlumberger From September 8, 2016, to September 8, 2017, crude oil’s correlation with Schlumberger’s (SLB) stock price was 0.61, a close correlation. What does SLB’s correlation with crude oil mean? Since June 30, 2017, West Texas Intermediate’s price has risen 3%, following a considerable price fall for crude oil over the […]
Since its 2Q17 financial results were announced on August 2, 2017, Nabors Industries’ (NBR) implied volatility has fallen from 60.0% to the current level.
The correlation coefficient between the West Texas Intermediate (or WTI) crude oil price and Schlumberger’s (SLB) stock price between August 4, 2016, and August 4, 2017, is 0.62.
Schlumberger’s implied volatility in context On July 3, 2017, Schlumberger’ (SLB) implied volatility was ~22%. The company’s 1Q17 earnings were announced on April 21, 2017. Since then, its implied volatility has increased marginally. Implied volatility reflects a stock’s potential movement as viewed by investors. Peer comparison Weatherford International’s (WFT) implied volatility on July 3, 2017, […]
On June 16, Schlumberger’s implied volatility was at 19.5%. Since its 1Q17 financial results released on April 21, its implied volatility has fallen from 21.4%.
On June 13, Halliburton’s implied volatility was 24.1%. Since its 1Q17 financial results were announced on April 24, its implied volatility has fallen.
Since Schlumberger (SLB) announced its 4Q16 financial results on January 20, 2017, its implied volatility has risen from 17.1% to 17.6% as of March 31, 2017.
Since Tidewater’s fiscal 2Q17 financial results were announced on November 7, 2016, its implied volatility has decreased from 258% to the current level.
On January 6, SPN had an implied volatility of ~43%. Since SPN’s 3Q16 financial results on October 24, 2016, its implied volatility has fallen from 54%.
Helmerich & Payne’s (HP) short interest as a percentage of its float was 25.7% on November 2, compared to 24.5% on June 30. Since the end of fiscal 3Q16, HP’s short interest has increased 5%.
Short interest in Schlumberger as a percentage of float was 1.3% on October 11, compared to 1% on June 30. Since 2Q16, short interest in SLB has risen 32%.
On September 12, 2016, the EIA’s Drilling Productivity Report estimated that Utica Shale natural gas production reached ~3.6 Bcf per day in August 2016.
Core Laboratories expects onshore energy production to fall by the end of 2016 and net production of legacy deepwater projects to offset onshore declines.
In this article, we’ll analyze the correlation between Weatherford International’s (WFT) stock price and West Texas Intermediate (or WTI) crude oil’s price.
The Utica Shale’s natural gas production reached 3.7 Bcf (billion cubic feet) per day in May 2016. That’s nearly unchanged from production in April 2016.
National Oilwell Varco, which designs, manufactures, and sells equipment and components used in upstream energy production, has had a steady run in 2016.
In this series, we’ll see why Schlumberger’s share price has been steady. We’ll also look at its top-line and bottom-line growth, balance sheet, free cash flow, dividends, and valuation multiples.
On March 3, 2016, Forum Energy Technologies was trading at $12.80, a 35% fall from its price a year ago. Its share price has been trending downward since May 2015.
The EIA estimates that Utica Shale natural gas production reached ~3.2 Bcf (billion cubic feet) per day in January 2016. That’s ~2.2% more than production in December 2015 and 54% more than production in January 2015.
The US crude oil rig count fell for 29 weeks until the week ended June 26. With the continued weakness in crude oil prices, a rig count turnaround looks uncertain.
Fewer active rigs hurt oil field service company revenues and lead to falling production, which lowers midstream energy companies’ transportation volumes.
The weekly US crude oil rig count decreased by ten rigs from 605 to 595 in the week ending October 16. The crude oil rig count is now at its lowest point since July 2010.
SSE’s oilfield rentals segment provides rental tools and services for drilling, completion, and other activities for land-based oil and natural gas producers.
On July 1, 2014, Chesapeake Energy (CHK) spun off its oilfield service business into an independent publicly traded company called Seventy Seven Energy Inc. (SSE).
