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Inside Schlumberger’s 1-Year Returns as of June 16
Schlumberger’s trailing-one-year stock price has fallen 12% as of June 16, 2017, while XLE, the broader energy industry ETF, has fallen 3%.
Inside Weatherford’s Fall over the Past Year
In the past year, Weatherford International’s (WFT) stock has fallen 28% as of August 11, 2017.
WFT, FMSA, and SPN: Returns and Outlook after 3Q17
WFT, SPN, and FMSA have significantly underperformed the SPDR S&P 500 ETF (SPY), which has produced 23.0% returns since November 3, 2016.
Did Weatherford Stock Fall in the Week to October 6?
Since the week ending September 29, 2017, Weatherford International stock has fallen 7% until October 6, 2017. OIH has generated -2% returns.
What’s Happened to WFT’s Short Interest since 1Q16?
Weatherford International’s (WFT) short interest as a percentage of its float was 7.6% as of July 8, 2016, compared to 5.3% on March 31.
Will a Partnership with GE Improve BHI’s Returns?
Between December 2014 and December 2016, Baker Hughes (BHI) stock hit its peak in April 2015. It troughed at ~$39 in January 2016.
SEC Asks Weatherford International to a Pay Penalty
On September 27, Weatherford International (WFT) disclosed that the SEC resolved the investigation into the company’s income tax–related accounting issues.
Understanding Fund Generation among Major OFS Companies
RPC Inc.’s internal cash generation was adequate to cover its external obligations in 2015. Dril-Quip internal cash generation was more than adequate.
What Schlumberger Expects for 2017
What are Schlumberger’s views on North America? Schlumberger (SLB) expects the North American onshore market to continue to improve in 2017. In Schlumberger’s 1Q17 earnings press release, chairman and CEO Paal Kibsgaard stated that “at present, the region in the world showing clear signs of increased E&P[1.exploration and production] investments in 2017 is North America […]
Why Is Seadrill So Volatile?
On January 31, 2017, Seadrill (SDRL) had the highest implied volatility among the OFS (oilfield equipment and services) companies that are part of the VanEck Vectors Oil Services ETF (OIH).
Schlumberger’s 1-Year Returns on August 11
Schlumberger’s (SLB) one-year stock price fell 21.0% as of August 11, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 7.0%.
What Drove Patterson-UTI Energy’s Performance in 4Q16?
In 2016, Patterson-UTI Energy (PTEN) recorded $915.8 million in revenues—52% lower compared to 2015. In 2016, the company’s net loss was $318.6 million.
Must-know: Why oil rig counts have risen 2% in 2014 so far
U.S. land rig counts totaled 1,696 on February 21, 2014, compared to 1,692 the week prior. Over the medium term, rig counts have been relatively stable.
Schlumberger’s 1-Week Returns on September 22
Schlumberger’s (SLB) one-week returns were 2.0% as of September 22, 2017. Since September 15, the Energy Select Sector SPDR ETF (XLE) has risen 2.0%.
Wall Street Analysts’ Targets for SLB, HAL, NOV, and WFT
Approximately 90% of the analysts tracking Halliburton (HAL) recommended a “buy,” ~8% recommended a “hold,” and the rest recommended a “sell.”
What Were Halliburton’s 1-Week Returns on October 13?
Halliburton’s (HAL) one-week stock price didn’t change in the week ending October 13, 2017. Since October 6, 2017, XLE also remained unchanged.
Texas rig count continues to lose ground
Economist Karr Ingham expects that two-thirds of the Texas rigs at work will be laid down. That’s about 600 rigs if the price of crude oil stays low.
How Did Weatherford React to Crude Oil Price Changes?
The correlation coefficient between Weatherford International’s (WFT) stock price and WTI crude oil prices on October 13–20, 2017, was -0.05.
Patterson-UTI Energy’s 4Q15 Earnings Beat Wall Street Estimates
Patterson-UTI Energy (PTEN) released its 4Q15 financial results on February 4, 2016. The company recorded total revenues of $338.5 million in 4Q15, down 62% from $901.2 million recorded in 4Q14.
Horizontal Rig Count Falls for 19th Consecutive Week
By the end of March 2015, the horizontal rig count was up by ~125% compared to the number of rigs in January 2007.
How Is SLB’s Current Valuation Compared to Peers?
Schlumberger’s forward PE (price-to-earnings) multiple reflects analysts’ expectation of lower earnings in the next four quarters.
Why horizontal and vertical rig counts are down sharply
Horizontal rig counts decreased by 35 from the previous week’s count. This was the seventh straight weekly fall. Currently, there are 1,301 horizontal rigs.
Short Interest in Schlumberger Fell: What Does It Mean?
The short interest in Schlumberger (SLB), as a percentage of its float, is 1.2% as of December 22—compared to ~1.3% as of September 30.
What’s Schlumberger’s Outlook for the Rest of 2015?
Schlumberger expects drilling activity headwinds to continue in 2015. Lower E&P activity and declining rig count should also hurt other drilling equipment and service providers.
Must-know: Appaloosa Management’s 2Q14 positions
David Tepper’s Appaloosa Management initiated new positions and sold some existing positions in 2Q14. Appaloosa added positions in Mohawk Industries (MHK) and Weatherford International (WFT). It sold positions in Qualcomm Inc. (QCOM) and JPMorgan Chase (JPM). During the quarter, it increased its position in Facebook Inc. (FB) and General Motors (or GM).
Why Weatherford’s 3Q17 Earnings Beat Estimates
Compared to 2Q17, Weatherford International’s 3Q17 revenues rose 7.1%.
Analyzing the 1-Year Prices of Oilfield Services Companies
In this series, we’ll discuss Wall Street analysts’ expectations for some prominent oilfield services companies’ operating earnings in 2017.
Weatherford International’s Value Drivers in 1Q17
Weatherford International’s (WFT) Latin American revenue fell the most (21.0%) from 1Q16 to 1Q17.
Why Halliburton’s Drilling and Evaluation segment did poorly in 4Q14
In 4Q14, revenues in the Drilling and Evaluation segment increased 6.5% to $3.29 billion from $3.09 billion recorded in 4Q13.
What’s Weatherford’s Valuation Compared to Its Peers’?
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.
What’s Weatherford Management Saying after Fiscal 4Q15 Earnings?
Weatherford International’s (WFT) management expects crude oil price to start stabilizing by the second half of 2016. It plans to keep reducing costs to manage the current uncertainty.
Best Oilfield Service Stocks for 4Q16: Earnings Growth
Wall Street analysts expect Flotek Industries (FTK) to register positive EBITDA (or earnings before interest, tax, depreciation & amortization) in 4Q16.
Weatherford International’s Value Drivers in 2Q17
Revenues from Weatherford International’s (WFT) Latin American region fell the most by 18.5% from 2Q16 to 2Q17.
Schlumberger’s Stock Price Is Bearish
Since January, Schlumberger’s stock price has fallen. It reached a one-year low in August. Schlumberger’s revenue has been steady in the past five quarters.
Analyzing National Oilwell Varco’s Net Debt after 1Q17
National Oilwell Varco’s (NOV) net debt increased 4% in 1Q17 over 1Q16. Its net debt amounted to ~$1.7 billion in 1Q17.
Short Interest in Weatherford International on August 4
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.
A quick snapshot of Schlumberger
Schlumberger, a Houston-based energy company, provides technology, integrated project management, and information solutions to oil and gas exploration and production companies.
Could Acquisitions and JV Initiatives Improve NBR’s Returns?
Nabors Industries’ (NBR) one-year stock price was down 35% until August 18, 2017. On August 14, NBR signed an agreement to acquire peer Tesco Corporation (TESO) in an ~$215 million deal.
How Schlumberger Stock Has Performed in the Past Year
Schlumberger’s (SLB) one-year stock price was down 14% as of June 23, 2017.
Last Week on Market Realist: Key Energy Industry Updates
In its 2Q17 earnings conference, Whiting Petroleum lowered its capex for 2017 from $1.1 billion to $950 million. Its capex was ~$554 million in 2016.
Wall Street’s Forecast for Weatherford International on April 13
Wall Street analysts’ mean target price for WFT on April 13, 2017, was $7.68. WFT was trading at $6.06 that day.
What Analysts Expect from Baker Hughes’s 1Q17 Earnings
In 1Q17, analysts expect an adjusted loss of ~$0.19 per share for Baker Hughes (BHI), which is a 38% improvement over its adjusted loss of $0.30 per share in 4Q16.
Will WTI crude oil hit $32 per barrel?
WTI crude oil has declined ~58% since June 2014. Crude oil prices will likely remain on a downward trend with the current oil glut and a weak demand.
How Flotek Could React to Upstream Operators’ Capex and the Rig Count
From 1Q16 to 1Q17, Flotek’s EBITDA margin shrank to 3.3% from 4.1%. FTK’s EBITDA margin has been 1.7%, on average, for the past five quarters.
Must-know: An overview of Baker Hughes
Baker Hughes Inc. (BHI) is based in Texas. It’s an energy company that operates in the oil and gas equipment and services industry. As of December 31, 2013, BHI operated in more than 80 countries.
Can Nabors Industries’ Strategies Improve Returns in 2017?
In the past year, as of June 19, 2017, Nabors Industries (NBR) has fallen 20.0%. It underperformed the VanEck Vectors Oil Services ETF (OIH), which tracks 25 OFS companies.
How Schlumberger Stock Has Performed in the Past Year
In this series, we will look at investors’ short interest in Schlumberger and SLB’s implied volatility.
How Could the US Rig Count Affect Halliburton in 4Q16?
From September 30 until the week ended December 30, 2016, the US rig count rose ~26% to close at 658. A higher US rig count could increase Halliburton’s (HAL) revenues and earnings in 4Q16.
Wall Street’s Forecasts for WFT after Its 2Q16 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for Weatherford International’s (WFT) shares following its 2Q16 earnings release.
GAMCO adds new position in Weatherford International
GAMCO Investors took a large new position in Weatherford International (WFT) during the third quarter. The position accounted for 1.21% of the fund’s 3Q14 portfolio.
Short Interest in SLB, HAL, WFT, and NOV after 2Q17
The short interest in Schlumberger (SLB), as a percentage of its float, is 1.5% as of August 7, 2017—compared to 1.6% as of June 30, 2017.
How Weatherford Aims to Reduce Costs in 2017
Weatherford International (WFT) implemented cost reduction initiatives in order to counter the energy price depression that started in mid-2014.
What Do Analysts Expect of Halliburton’s 4Q16 Earnings?
Wall Street analysts expect Halliburton’s (HAL) 4Q16 adjusted earnings per share to reach $0.013—a 29% improvement over its 3Q16 adjusted earnings.
Why Did Weatherford International’s Stock Price Jump?
Over the past one year, Weatherford International’s stock has fallen 18% as of February 1.
Analysts’ Targets for OFS Stocks with the Best and Worst Returns
Flotek Industries ranks first among our list of OFS companies in terms of stock price returns in 1Q17. All of the sell-side analysts recommended a “buy.”
Nabors Industries’ 1-Year Returns on September 1
Nabors Industries’ (NBR) one-year stock price fell 35.0% as of September 1, 2017. In the past year, the Energy Select Sector SPDR ETF (XLE) has fallen 8.0%.
A quick overview of oil and gas field services biz Schlumberger
Schlumberger Limited is a Houston-based energy company. It provides technology, integrated project management, and information solutions to oil and gas exploration and production (or E&P) companies around the world.
A Look at Weatherford International’s Stock Price Forecast
On July 17, Weatherford International’s (WFT) implied volatility was ~65.2%.
SLB, HAL, NOV, and WFT: How Their Stock Prices Stack Up
Schlumberger’s (SLB) stock is down 16% in the past one year as of July 6, 2017.
Which Stock Picks Haven’t Worked for the ClearBridge Aggressive Growth Fund?
SHRAX is the only fund among nine that posted positive returns in just one of our five periods. It’s also the only fund that fell in the one-year period.
Weatherford’s Next 7-Day Stock Price Forecast
On November 24, 2017, Weatherford International’s (WFT) implied volatility (or IV) was 61%.
Analyzing Schlumberger’s Indebtedness after 3Q17
Schlumberger’s net debt-to-trailing 12-month EBITDA was ~7x in 3Q17. The net debt-to-EBITDA ratio (or indebtedness) rose in 3Q17.
What Are Baker Hughes’s 2018 Growth Prospects?
Baker Hughes, a GE company (BHGE) released its financial results for 4Q17 on January 24, 2018. Immediately following the earnings release, BHGE’s stock reacted negatively.
What Short Interest in Weatherford Indicates
Weatherford International’s (WFT) short interest as a percentage of its float was 14.9% as of May 22, 2017, compared to ~14% as of March 31, 2017.
What’s the Short Interest in Weatherford International?
Weatherford International’s (WFT) short interest as a percentage of its float was 16.7% as of May 26, 2017, compared to ~14% as of March 31, 2017.
What Do Analysts Expect from WFT’s 3Q16 Earnings?
In 3Q16, analysts expect a $0.25 adjusted loss per share for Weatherford International (WFT).
Why Schlumberger Remains the Best OFS Stock after Brexit Vote
Schlumberger (SLB) is the largest company in the OFS (oilfield equipment & service) industry by market capitalization.
Weatherford’s Next-7-Day Stock Price Forecast
On October 27, Weatherford International’s (WFT) implied volatility (or IV) was ~72%. WFT released its 2Q17 financial results on July 28.
GAMCO Investors opens a new position in Sigma-Aldrich
GAMCO Investors started a new position in 3Q14 in Sigma-Aldrich Corp (SIAL). The position accounted for 0.24% of the fund’s 3Q14 portfolio.
Short Interest in Weatherford International as of April 7
Weatherford International’s (WFT) short interest as a percentage of float was 14.1% as of April 7, 2017, compared to 10.5% as of December 30, 2016.
GAMCO Investors establishes position in Liberty Media
GAMCO Investors started a new position in Liberty Media Corporation Class C (LMCK) during 3Q14. The position accounted for 0.36% of the fund’s third-quarter portfolio.
CalPERS establishes new position in CBS Outdoor Americas
CBS Outdoor Americas is the largest provider of advertising space on out-of-home advertising structures and sites across the US, Canada, and Latin America.
GAMCO Investors ups position in Sony
Mario Gabelli’s GAMCO Investors added to its position in Sony Corp. ADR (SNE) during the third quarter. The position accounted for 0.52% of the fund’s 3Q14 portfolio.
Weatherford International: Will US Rig Counts Affect the Stock?
Weatherford International’s (WFT) revenue share from North America rose in 3Q16 over 2Q16.
Weatherford International Issues Stocks Again
On November 16, Weatherford International (WFT), an oilfield equipment and services company, disclosed that it issued 84.5 million ordinary stocks.
What’s Tenaris’s Next-7-Day Stock Price Forecast?
On March 7, 2018, Tenaris’s (TS) implied volatility was 32.7%. Since March 8, 2017, it has increased from 26.4%.
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.
Will Weatherford’s Alliance with Schlumberger Improve Returns?
On March 24, Schlumberger (SLB), the largest OFS company, and Weatherford International (WFT) announced that they would be forming a joint venture.
How Nabors Industries Stock Reacted to 1Q17 Results
Nabors Industries (NBR) released its financial results for 1Q17 on April 26, 2017.
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.
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.
Why Is Baker Hughes Stock Bullish?
BHI’s cash flow got a shot in the arm from the $3.5 billion merger breakup fee from Halliburton (HAL).
Is Weatherford International’s Net Debt a Concern after 2Q17?
Weatherford International’s (WFT) total debt rose ~6.0% in 2Q17 over 2Q16.
Will a Reorganization Drive Weatherford International in 2018?
Weatherford International (WFT) stock has fallen 20% in the past year as of December 26, 2017. It has marginally outperformed the VanEck Vectors Oil Services ETF.
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.
The Effect of Rig Count on Weatherford International
In the past year, Weatherford International’s (WFT) revenue share from North America has risen to ~38.0% compared to 37.0% in 4Q16.
Analyzing Weatherford’s Stock in the Past Year
In the past year, Weatherford International stock has fallen 19% as of August 4, 2017. It has underperformed the VanEck Vectors Oil Services ETF (OIH).
Saudi Aramco Deals Could Help Schlumberger Stock
On May 20, 2017, Schlumberger signed a memorandum of understanding with Saudi Arabia’s state-owned oil company Saudi Aramco.
Why National Oilwell Varco’s 4Q17 Earnings Matched Estimates
National Oilwell Varco released its 4Q17 and 2017 financial results on February 5, 2018. The company recorded total revenue of ~$2.0 billion in 4Q17.
What’s the Short Interest in Large OFS Companies on July 6?
Short interest in Schlumberger (SLB) as a percentage of its float is 1.2% as of July 6, 2017, compared to 1.2% as of March 31, 2017.
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.
How WFT Stock Reacted to Second-Quarter Earnings
Since April 24, when Weatherford’s Q1 2018 financial results were released, its stock has increased 26%.
Is Superior Energy Services’ Stock Price Strengthening?
On January 4, Superior Energy Services (SPN), which provides services to upstream energy producers, was trading at $18.40—36% higher than one year ago.
How Do Large OFS Companies’ Valuations Stack Up?
Schlumberger’s enterprise value (or EV) when scaled by trailing-12-month (or TTM) adjusted EBITDA is lower than the peer average in our group here.
Schlumberger’s Earnings Drivers in 2Q17
Schlumberger’s revenues from North America staged a noteworthy recovery, rising 27% from 2Q16 to 2Q17.
Option Traders: Which OFS Stocks Should Investors Watch?
On February 21, 2017, Seadrill (SDRL) had the highest implied volatility among the OFS companies that are part of the VanEck Vectors Oil Services ETF (OIH).
Must-know: Comparing Baker Hughes and its peers
In 2014, Baker Hughes (BHI) outperformed the industry and broader market for most of the year. However, it’s currently underperforming the broader market index and its peers.
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.
Weatherford: Management’s Expectations after 2Q17
Weatherford International released its financial results for 2Q17 on July 28, 2017. On that day, its stock price reacted negatively and fell 2.5% to $4.27.
Worst Oilfield Services Growth Stocks with Respect to the Market
Weatherford International’s (WFT) stock price has fallen 16.0% through December 29, 2017, in the past year.
