Patterson-UTI Energy Inc
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What Do Analysts Expect from WFT’s Q2 2018 Earnings?
Weatherford International (WFT) plans to hold its Q2 earnings call on July 27. Analysts expect an adjusted loss of $0.18 per share for WFT.
Will Upstream Operators’ Capex Impact TechnipFMC in Q2 2018?
In the past year, crude oil has increased ~64%.
How WFT Stock Has Reacted to Crude Oil Prices
Weatherford International (WFT) stock’s correlation with crude oil was strong between June 29 and July 6, at 0.72.
Analysts’ Forecast for Superior Energy Services
Approximately 50% of the Wall Street analysts tracking Superior Energy Services rated it as a “buy” or some equivalent as of June 28.
Superior Energy Services Reacts to Crude Oil’s Price
Superior Energy Services’ (SPN) correlation with crude oil’s price on March 28–June 28 was 0.62—a strong positive relationship.
Patterson-UTI Energy’s ‘Buy’ Ratings Are Increasing
On March 19–June 19, the percentage of analysts recommending a “buy” or some equivalent for Patterson-UTI Energy has increased from 76% to 78%.
Top Five Oilfield Equipment and Services Companies
According to Wall Street analysts’ ratings, Halliburton (HAL) has the highest “buy” or some equivalent rating in the OFS industry.
Saudi Arabia’s Oil Production Is near a Five-Month High
Saudi Arabia’s crude oil production increased by 60,000 bpd to 10,120,000 bpd in May—compared to the previous month.
What Does Schlumberger’s Net Debt-to-Equity Ratio Suggest?
On March 31, 2018, Schlumberger’s (SLB) net debt was $13.9 billion, 20% higher than its net debt of $11.6 billion on March 31, 2017.
Which Energy Stocks Fell the Most Last Week?
Between May 25 and June 1, integrated energy stock Petrobras (PBR) fell the most on our list of energy stocks.
What Schlumberger’s Historical Valuations Suggest
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017.
How NOW Stock Has Reacted to Crude Oil Prices
Between January 1 and May 23, NOW’s (DNOW) correlation with crude oil was 0.38.
Schlumberger’s Stock Price after First-Quarter Earnings
Schlumberger Limited (SLB) is the largest US oilfield equipment and service (or OFS) company. Its stock price has risen in the past year.
Analysts’ Recommendations for RES, DRQ, WFT, PTEN, and FTK
Approximately 79% of the Wall Street analysts tracking Patterson-UTI Energy (PTEN) have recommended a “buy” or some equivalent as of May 15.
Schlumberger: Analysts’ Recommendations before 1Q18
As of April 11, 2018, 78% of the analysts tracking Schlumberger rated it as a “buy,” ~19% rated it as a “hold,” and 3% rated it as a “sell.”
What Does Flotek Industries’ Forward Valuation Suggest?
Flotek Industries’ forward EV-to-EBITDA multiple (11.7x) is significantly lower than its current EV-to-EBITDA multiple (~199x).
What Does Schlumberger’s Historical Valuation Suggest?
On December 29, 2017, Schlumberger’s (SLB) stock price was 20% lower compared to December 30, 2016.
Is Schlumberger’s Stock Price Showing Weakness?
On February 23, 2018, Schlumberger was trading at $66.50, which is ~17% lower than its price a year ago.
Does Halliburton’s Valuation Present an Attractive Opportunity?
On December 29, 2017, Halliburton’s (HAL) stock price was 10% lower than it was on December 30, 2016.
What’s Wall Street’s Forecast for Nabors Industries?
Approximately 66% of the Wall Street analysts tracking Nabors Industries rated it as a “buy” or some equivalent.
Halliburton Reacts to Crude Oil’s Price Change
Halliburton’s (HAL) stock price correlation coefficient with crude oil prices on January 19–26, 2018, was 0.72.
Analysts Are Optimistic about Halliburton’s 4Q17 Earnings
In 4Q17, analysts expect an adjusted EPS of $0.46 for Halliburton (HAL). Analysts expect Halliburton’s adjusted earnings to improve 10% in 4Q17.
How Weatherford Reacted to Crude Oil Price Changes
From December 29, 2017, to January 5, 2018, Weatherford International’s (WFT) correlation with the West Texas Intermediate crude oil price was -0.13.
The Top 5 Oilfield Services Stocks for 4Q17 by Revenue Growth
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.
Weatherford International’s Historical Valuation
In 3Q17, Weatherford International’s (WFT) adjusted earnings were negative. So its PE (price-to-earnings) multiple wasn’t meaningful that quarter.
Ranking the Bottom 5 OFS Companies by Free Cash Flow
In this series, we’ll analyze the bottom five FCF generators in 3Q17 in the OFS industry, excluding the offshore drillers. We selected OFS companies with market capitalization exceeding $100 million.
Patterson-UTI Energy’s Correlation with Crude Oil on November 14
The correlation coefficient between crude oil prices and Patterson-UTI Energy (PTEN) from November 14, 2016, to November 14, 2017, was 0.63.
Connecting Upstream Operators’ Capex with PTEN’s Margin
From 2Q17 to 3Q17, Patterson-UTI Energy’s (PTEN) EBITDA margin rose from 22.5% to 24.5%. The EBITDA margin measures a company’s operating earnings.
Patterson-UTI Energy: Management’s Views after 2Q17
Since September 29, Patterson-UTI Energy’s stock price has fallen 2%—compared to a 2% rise in the iShares Core S&P Mid-Cap ETF (IJH).
Patterson-UTI Energy’s Stock Price Is Bearish
On November 13, 2017, Patterson-UTI Energy (PTEN) was trading at $20.58. It has fallen ~24% since the beginning of 2017.
Linking TechnipFMC’s Margin to Upstream Operators’ Capex
From 2Q17 to 3Q17, TechnipFMC’s (FTI) EBITDA margin (or EBITDA as a percentage of revenues) fell from 13.7% to 10.1%.
Halliburton Reacts to Crude Oil’s Price Change
Crude oil’s price correlation coefficient with Halliburton’s stock price on October 6–13, 2017, was 0.33. There was a weak correlation in the past week.
Wall Street’s Forecast for Nabors Industries before Its 3Q17 Earnings
On October 12, 2017, ~67% of the Wall Street analysts tracking Nabors Industries rated it a “buy” or some equivalent.
Patterson-UTI Energy’s Reaction to Crude Oil Changes
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.
How Schlumberger Reacted to Crude Oil Prices
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
National Oilwell Varco’s correlation with crude oil prices increased in the trailing year to September 8, 2017—compared to the previous year.
Energy Stocks: Biggest Gainers on September 4–8
On September 1–8, 2017, oilfield service stock Tidewater (TDW) rose the most among the energy sector stocks.
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.
What Halliburton’s Margin Has to Do with Upstream Operators’ Capex
From 2Q16 to 2Q17, Halliburton’s (HAL) EBITDA margin (or EBITDA as a percentage of revenues) rose from 12% to 16%.
Chart in Focus: Schlumberger’s Historical Valuation Multiples
On June 30, 2017, Schlumberger’s (SLB) stock price was 22% lower than its price on December 30, 2016. In 2Q17, SLB’s adjusted earnings were negative.
Patterson-UTI Energy: Management’s Views after 2Q17
Patterson-UTI Energy’s (PTEN) management doesn’t expect the US rig count to increase much from the current level in 2H17.
What Does Nabors Industries’ Historical Valuation Suggest?
Nabors Industries’ PE multiple was not meaningful in 2015 and 2016 as a result of negative adjusted earnings during this period.
Shorting Weatherford: Reading the Short Interest in WFT on August 11
On August 11, 2017, Weatherford International’s (WFT) short interest as a percentage of float was 14.7%, compared with 15.8% on June 30.
How Rig Count and Upstream Operator Capex Affected FTK
From 2Q16 to 2Q17, Flotek Industries’ (FTK) EBITDA margin (or EBITDA as a percentage of revenues) improved to 2.3% from 0.7%.
What Was the Short Interest in Schlumberger on August 4?
Short interest in Schlumberger’ (SLB) stock as a percentage of its float was ~1.5% on August 4, 2017, compared to 1.6% as of June 30, 2017.
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 Wall Street Projects for PTEN after 2Q17 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for Patterson-UTI Energy (PTEN) stock following its 2Q17 earnings release.
What’s the Outlook for PTEN, BHGE, and BAS?
Since the beginning of 2017, Patterson-UTI Energy (PTEN) stock has returned -28% as of August 1.
How Patterson-UTI Energy’s Management Sees 2Q17
PTEN’s management believes that its merger with Seventy Seven Energy has consolidated PTEN’s position in drilling and pressure pumping activity.
What Was the Correlation between WFT and Crude Oil on July 7?
There has been a steady positive relationship between Weatherford International’s (WFT) stock and crude oil prices since July 2016.
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.
Why Is Nabors Industries’ Stock Price Bearish?
Nabors Industries (NBR) is one of the largest land-based drilling operators in the world. It’s had a weak run in the stock market so far in 2017.
How Upstream Operators’ Capex Cuts Could Affect Halliburton
From 1Q16 to 1Q17, Halliburton’s (HAL) EBITDA margin remained nearly unchanged at 13.7%.
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.
Patterson-UTI Energy’s Dividend Yield on June 2
Patterson-UTI Energy’s (PTEN) dividend yield fell to 0.29% on March 31, 2017. Since then, its dividend yield has risen to 0.38% as of June 2, 2017.
A Look at Patterson-UTI Energy’s Higher 2017 Capex Plan
Patterson-UTI Energy’s capex budget for 2017 is $450.0 million. That’s 275.0% higher than its 2016 capex.
Can Upstream Operators’ Capex Affect PTEN’s Margin in 2017?
Some of the major US upstream and integrated companies have gradually reduced their capex following crude oil’s sharp price fall since mid-2014.
Management’s Views on Patterson-UTI Energy after 1Q17
In 2Q17, management expects Patterson-UTI Energy (PTEN) to operate 84 rigs under term contracts, compared to 81 in 1Q17.
Why Patterson-UTI Energy Stock Is So Bearish
On June 2, 2017, Patterson-UTI Energy (PTEN) was trading at $21.19, which was ~24.0% below its price at the beginning of 2017.
Upstream Operators’ Capex Could Impact Schlumberger’s Margin
Schlumberger’s EBITDA margin was impacted negatively as upstream companies slashed their budgets. From 1Q16 to 1Q17, Schlumberger’s EBITDA margin fell.
What Does Basic Energy Services’ Historical Valuation Suggest?
On March 31, 2017, Basic Energy Services’ (BAS) stock price had fallen 6% from December 30, 2016.
Will Upstream Operators’ Capexes Affect Basic Energy’s Q1 Margin?
In the past couple of years, some major US upstream and integrated companies have reduced their capital expenditures (capex) following crude oil price’s sharp fall.
How Nabors Industries Stock Reacted to 1Q17 Results
Nabors Industries (NBR) released its financial results for 1Q17 on April 26, 2017.
Behind Patterson-UTI’s Correlation with Crude on April 12
The correlation coefficient between Patterson-UTI Energy’s stock price and the price of crude oil from April 12, 2016, to April 12, 2017, stands at 0.63.
Patterson-UTI Energy in 4Q16: Key Drivers, Then and Now
From 4Q15 to 4Q16, Patterson-UTI’s Contract Drilling segment revenue fell ~33%, while its Pressure Pumping segment witnessed a 20% revenue decline.
Understanding Patterson-UTI’s Management Vision for 2017
Patterson-UTI’s (PTEN) management believes that 2017 will see positive momentum for the company, led by higher drilling and pressure pumping activity.
What Could Drive Schlumberger’s Performance in 1Q17 and Beyond?
Schlumberger’s (SLB) Drilling segment witnessed the highest revenue fall of 32% in 4Q16 compared to 3Q16.
Short Interest: OFS Stocks with the Lowest Returns in 1Q17
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.
Patterson-UTI Energy’s Strategies: How to Outperform the Industry
In the past year, as of March 20, 2017, Patterson-UTI Energy’s (PTEN) stock has risen 45%.
Will Merger Agreement Restrict Patterson-UTI Energy’s Dividend?
On February 9, 2017, Patterson-UTI Energy (PTEN) declared a dividend per share (or DPS) of $0.02 to be paid on March 22, 2017.
Why Patterson-UTI Energy Increased Its 2017 Capex Plan
In this part, we’ll see how Patterson-UTI Energy’s (PTEN) operating cash flows have trended over the past few quarters.
Upstream Operators’ Capex and Patterson-UTI Energy’s 2017 Margins
In the past couple of years, some major US upstream and integrated companies have reduced their capex following the sharp fall in crude oil prices.
Patterson-UTI Energy’s Forecasts for 2017
Patterson-UTI Energy’s (PTEN) operated average US rig count is expected to rise 21.0% in 1Q17 compared to 4Q16.
Will Patterson-UTI Energy’s Bull Run Face Headwinds?
On March 16, 2017, Patterson-UTI Energy (PTEN) was trading at $26.01, which was ~42.0% higher than a year ago.
What’s the Correlation between HAL Stock and Crude Oil?
The correlation coefficient between Halliburton’s stock price and crude oil prices from March 2016 to March 2017 is 0.66.
Will Upstream Operators’ Spending Affect HAL’s Margin in 2017?
In the past couple of years, some major US upstream and integrated companies have reduced their capital expenditures (capex) following crude oil’s sharp price fall.
Schlumberger versus Crude: Understanding Correlation Coefficient
The correlation coefficient between Schlumberger’s stock price and crude prices from March 2016 to March 2017 is 0.62, indicating a positive relationship.
Inside Fairmount Santrol’s 2017 Outlook
In fiscal 2016, Fairmount Santrol’s (FMSA) revenues fell 35% from its fiscal 2015 revenues to $535 million.
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.
Analyzing the Correlation between Weatherford and Crude Oil
The correlation coefficient between Weatherford International’s stock price and crude oil prices from March 2016 to the present is 0.48.
Will Upstream Operators’ Capexes Affect SLB’s 1Q17 Margin?
In the past couple of years, some major US upstream and integrated companies have reduced their capital expenditures (capex) following crude oil’s sharp fall.
Analyzing the Factors Affecting Schlumberger’s Revenue
Schlumberger’s Drilling segment witnessed the highest revenue fall at 32% in 4Q16 compared to 4Q15. The segment was followed by the Reservoir Characterization and Production segments.
What’s Patterson-UTI Energy’s Correlation with Crude Oil?
In this article, we’ll analyze the correlation between Patterson-UTI Energy’s (PTEN) stock price and West Texas Intermediate (or WTI) crude oil’s price.
Patterson-UTI Energy Has Risen 87% in 1 Year
In the past year, Patterson-UTI Energy stock has risen 87% as of February 17, 2017. It’s outperformed the VanEck Vectors Oil Services ETF’s return of ~35% in the same period.
What Analysts Expect from Nabors’ 4Q16 Earnings
In 4Q16, analysts expect Nabors Industries (NBR) to post adjusted loss of $0.33 per share, a marginal improvement over 3Q16’s adjusted loss of $0.35 per share.
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.
What Is Patterson-UTI Energy’s Correlation with Crude Oil?
The correlation coefficient between Patterson-UTI Energy’s (PTEN) stock price and crude oil prices from January 2016 to January 2017 is 0.64.
Has Short Interest in PTEN Decreased since 3Q16?
Short interest in Patterson-UTI Energy (PTEN) stock as a percentage of its float was 15.7% on January 23, 2017, compared to 17.9% on September 30, 2016.
Could PTEN Benefit from Acquiring Seventy Seven Energy?
On December 12, 2016, Patterson-UTI Energy (PTEN), one of the prominent contract drillers in North America, disclosed that it agreed to acquire Seventy Seven Energy (SVNT).
What Is Patterson-UTI Energy’s Guidance on Its 4Q16 Results?
On January 23, 2017, Patterson-UTI Energy (PTEN) provided an update on its revenues and earnings for 4Q16. PTEN expects its revenues to increase 20% to $247 million in 4Q16, compared to $206.3 million in 3Q16.
What Do Analysts Expect from Tidewater’s Fiscal 3Q17 Earnings?
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.
What Do Analysts Expect from Flotek’s 4Q16 Earnings?
In 4Q16, analysts expect Flotek Industries (FTK) to post an adjusted loss per share of ~$0.04.
Analyzing Halliburton’s Stock Price Returns
From December 2014 to December 2016, Halliburton’s (HAL) stock price reached the highest level in December 2016. It troughed at ~$28 in January 2016.
Are Analysts Changing Their Recommendations on Flotek Industries?
Wall Street’s recommendations on Flotek Industries In this article, we’ll look at changes in Wall Street analysts’ recommendations for Flotek Industries (FTK) between September and December. Consensus rating for Flotek Industries In December so far, 100% of the analysts tracking Flotek Industries have rated it a “buy” or some equivalent. In comparison, approximately 83% of […]
Flotek Industries’ Strategy: Will It Generate Positive Returns?
Stock price returns for Flotek Industries In the past two years, Flotek Industries’ (FTK) stock price was at its highest in October 2015. It troughed at ~$5.50 in January 2016. FTK’s stock has produced returns of -60%. Returns from Flotek Industries’ peers and industry Between December 2014 and December 2016, Halliburton’s (HAL) stock price rose […]
Are Analysts Changing Recommendations for Halliburton?
In December so far, 90% of the analysts tracking Halliburton rated it a “buy” or some equivalent.
Is Halliburton’s Indebtedness on the Rise?
In 3Q16, Halliburton’s net-debt-to-adjusted-EBITDA multiple was ~3.8x, or 251% higher than it was a year ago.
January 2017 EIA Estimates: Will US Shale Oil Production Steady?
The EIA expects crude oil production to fall at four of the seven key shales by January 2017.
Why November Eagle Ford Natural Gas Production Fell 19% in a Year
The EIA estimates that natural gas production at the Eagle Ford Shale was 19.0% lower than production in November 2015.
How Did PTEN and Seventy Seven Energy’s Stock Prices Move?
In the past year, Patterson-UTI Energy’s stock price nearly doubled. Since August 19, Seventy Seven’s stock price rose 74%.