Long Run Exploration Ltd
Latest Long Run Exploration Ltd News and Updates
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%.
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.
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.
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 […]
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%.
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.
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.”
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.
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.
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.
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 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.
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.
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.
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.
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%.
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).
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 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.
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.
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 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.
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.
TechnipFMC’s 1Q18 Earnings Missed Analysts’ Estimates
TechnipFMC released its 1Q18 financial results on May 9 after the market closed. The company recorded operating revenues of $3.12 billion in 1Q18.
How Is Flotek Industries Positioned to Grow in 2017?
In 2017, crude oil prices have lost nearly 16%, after recovering 45% in 2016.
How Weatherford Stock Moved in the Week Ended November 17
Weatherford International (WFT) stock fell 16.0% in the week ended November 17, 2017. The VanEck Vectors Oil Services ETF (OIH) generated a return of -6.0% during this period.
Must-read comparison: Schlumberger and its peers
Schlumberger’s yearly price-to-earnings ratio is in line with the group. Haliburton has the lowest price-to-earnings ratio.
What Were Schlumberger’s Drivers in 2Q17?
In 2Q17, Schlumberger reported a net loss of ~$74 million—a sharp improvement compared to 2Q16 when it reported a net loss of $2.16 billion.
Where Does Schlumberger Think Energy Production Is Headed?
On March 24, 2017, Schlumberger and Weatherford International announced that they had inked an agreement to form a joint venture (or JV) called OneStimSM.
Could the US Rig Count Affect Baker Hughes in 1Q17?
From December 30, 2016, until the week ended April 7, 2017, the US rig count rose ~28% to close at 839.
Why Is Basic Energy Services’ Stock Price Bearish?
On May 8, 2017, Basic Energy Services’ stock price was trading at $27.29, a fall of ~23% since the beginning of 2017. In this series, we’ll analyze why.
How does Halliburton compare to its peers?
How does Halliburton compare to its peers? It has the lowest EV to EBITDA multiple of 5.6x. Weatherford International (WFT) has the highest at 9.1x.
What’s Schlumberger’s Net Debt after 1Q17?
Schlumberger’s (SLB) net debt rose 65% in 1Q17—compared to 1Q16. Its net debt was ~$11.7 billion in 1Q17.
Oilfield Services Stocks: How Implied Volatilities Track Returns
As of May 1, 2017, Tidewater (TDW) has fallen 90% in the past year.
What Was the Short Interest in Weatherford on June 2?
Weatherford International’s (WFT) short interest as a percentage of its float was 16.6% as of June 2, 2017, compared to 13.9% as of March 31, 2017.
What Do Analysts Recommend for Halliburton?
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.”
Schlumberger and Cameron International: a Complementary Team
Schlumberger and Cameron are contemplating a merger because their drilling and production systems would be integrated from “pore to pipeline.”
Weatherford International’s Short Interest on May 12
Weatherford International’s (WFT) short interest as a percentage of its float was 14.9% on May 12, 2017, compared to ~14% on March 31, 2017.
What Does Weatherford’s Forward Valuation Imply?
Wall Street analysts expect Weatherford International to report strong earnings before interest, tax, depreciation, and amortization growth in 2017 compared 2016.
ION Geophysical Reacts to Crude Oil
ION Geophysical’s (IO) correlation with crude oil on April 19–July 19 was 0.30. The correlation represents a positive relationship.
Why US rig counts have climbed by nearly 40 since the end of 3Q13
Despite expectations that rig counts would decline into year-end, total U.S. rig counts have been on the rise.
Is Weatherford International’s Stock Price Turning Bullish?
On March 1, 2017, oilfield equipment and services company Weatherford International was trading at $5.84, a ~6% fall compared to the previous year.
Does Wall Street Love the Lowest Cash-Generating Oilfield Stocks?
Approximately 13% of the Wall Street analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent as of May 18.
Weatherford Management’s Views after 2Q16 Earnings
Weatherford International’s (WFT) management does not expect energy upstream activity to recover in 2016.
Point72 raises its position in Weatherford International
Point72 Asset Management, previously SAC Capital, added to its position in Weatherford International (WFT) in 2Q 2014. The position accounts for 1.03% of the fund’s 2Q portfolio, up from 0.55% in 1Q14.
Analyzing Weatherford International’s 2Q17 Performance
In 1H17, Weatherford’s revenues fell 8%—compared to 1H16. It managed to lower its net losses significantly during this period.
A Look at Weatherford’s 7-Day Stock Price Forecast
On December 26, 2017, Weatherford International’s (WFT) IV (implied volatility) was ~54%. IV signals a stock’s potential price movement as viewed by option traders.
Chart in Focus: Nabors Industries’ 7-Day Stock Price Forecast
On February 12, 2018, Nabors Industries’ (NBR) implied volatility was 69.5%.
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 Analysts Expect from Nabors Industries’ 2Q17 Earnings
In 2Q17, analysts expect Nabors Industries (NBR) to post adjusted loss of $0.35 per share.
Superior Energy’s 1Q17 Earnings: What the Analysts Expect
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.
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.
How Halliburton’s Stock Price Compares
In this series, we’ll analyze Halliburton’s drivers, balance sheet, free cash flow, and dividend yield.
Is Halliburton’s Revenue Rising Faster than Peers’ Revenues?
Halliburton’s (HAL) 2Q17 revenue rose ~29% to $5.0 billion from $3.8 billion a year ago.
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.
How Did US Rig Count Affect SLB, HAL, and WFT in 2Q17?
Schlumberger (SLB), Weatherford International (WFT), and Halliburton (HAL) saw higher revenues from North America in 2Q17 compared to a year earlier.
Why Did Baker Hughes’s 1Q18 Earnings Beat Estimates?
Baker Hughes (BHGE) released its 1Q18 financial results on April 20, 2018. The company recorded total revenues of $5.39 billion in 1Q18.
CalPERS hangs up on position in Vodafone
Vodafone is one of the world’s largest telecom companies. Its shares were up on fresh rumors in August that AT&T executives were working on a bid for the company.
CalPERS exits FEMSA – Mexican bottler, convenience-store owner
Founded in 1890 in Monterrey, Mexico, FEMSA is comprised of two complementary business units—Coca-Cola FEMSA, and FEMSA Comercio, a convenience-store operator.
A must-know overview of Baker Hughes
Baker Hughes is a leading supplier of oilfield services, products, technology, and systems to the worldwide oil and natural gas industry.
A Snapshot of Schlumberger’s 2Q15 Revenues and Earnings
Schlumberger released its 2Q15 financial results on July 16. The company recorded total revenues of $9.01 billion for 2Q15, down 25.3% from $12.05 billion recorded in 2Q14.
Weatherford’s Steadily Increasing Debt: Does It Matter?
Weatherford International’s (WFT) net debt to TTM EBITDA rose from fiscal 4Q14 to fiscal 3Q15. In fiscal 4Q15, its net debt-to-EBITDA multiple wasn’t meaningful because EBITDA was negative.
US onshore rig count lowest since January 2010
In the last year, the US onshore rig count has fallen by 498. In contrast, the number of offshore rigs decreased by four.
GAMCO Investors raises its position in Interpublic Group
GAMCO Investors increased its position in the Interpublic Group of Companies Inc. (IPG) during third quarter. The position accounted for 0.56% of the fund’s 3Q14 portfolio.
How does Baker Hughes stack up against its industry peers?
According to Barclays, BHI is “overweight” and it has set a price target of $65 for the company. KeyBanc gave Baker Hughes a “hold” rating.
CalPERS adds new position in Liberty Media
Liberty Media Corporation owns interests in a range of communications and entertainment businesses. Recently, the company completed the previously announced spin-off of its cable business, Liberty Broadband.
CalPERS adds new position in TRI Pointe Homes
TRI Pointe Homes is one of the top ten–largest public homebuilders by equity market capitalization in the US. The company reaffirmed its 2015 outlook for earnings per diluted share in the range of $1.25 to $1.40.
