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Analyzing Energy Underperformers Last Week
In the week ending March 1, oilfield services stock Weatherford International fell the most among the energy stocks under review in this series.
Weatherford International Outperformed the Energy Space
Weatherford International (WFT) outperformed the energy space for the second consecutive week.
These Stocks Outperformed the Energy Space Last Week
Between January 18 and January 25, oilfield services stock Weatherford International rose the most among the energy stocks under review in this series.
Analyzing Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $43.14 and $40.46 by August 3—based on its implied volatility.
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%.
How Halliburton’s Segments Performed in the Second Quarter
The C&P segment accounted for 68% of HAL’s Q2 revenues.
Wall Street’s Forecasts for WFT before Q2 2018 Earnings
From April 17 to July 17, the percentage of analysts recommending a “buy” or some equivalent for WFT has increased from 69.0% to 73.0%.
How Is Weatherford Reacting to Crude Oil’s Change?
The correlation between Weatherford International’s (WFT) stock price and crude oil’s price from April 17 to July 16 was 0.03.
Weatherford International’s Short Interest on July 17
Short interest in Weatherford International (WFT) as a percentage of its float was 12.6% on July 17.
A Look at Weatherford International’s Stock Price Forecast
On July 17, Weatherford International’s (WFT) implied volatility was ~65.2%.
Will Weatherford International’s EBITDA Margin Change in Q2 2018?
From Q1 2017 to Q1 2018, Weatherford International’s (WFT) EBITDA margin increased from 6.2% to 10.6%.
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.
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.
US Natural Gas Rigs Are near a Four-Week High
Baker Hughes reported that US natural gas rigs rose by two to 189 on July 6–13—the highest level since June 15.
Halliburton’s Stock Price Forecast This Week
Halliburton stock will likely close between $47.12 and $43.58 by July 20 based on its implied volatility. Halliburton’s stock price was $45.35 as of July 13.
What Analysts Project for TechnipFMC in the Second Quarter
In Q2 2018, analysts expect TechnipFMC to post adjusted EPS of $0.38, a 37% increase compared to the Q1 2018 adjusted earnings of $0.28.
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.
Analyzing Baker Hughes’s Revenues and Earnings in Q1 2018
On a combined business basis, from Q1 2017 to Q1 2018, Baker Hughes’s (BHGE) Oilfield Services segment saw 12% higher revenues.
Short Interest in Superior Energy Services
As of June 28, the short interest in Superior Energy Services (SPN) as a percentage of its float was 7.9%—compared to 15.4% as of June 28, 2017.
Gauging Short Interest in Weatherford International
As of June 22, short interest in Weatherford International (WFT) as a percentage of its float was 14.1%, compared to 15.2% as of June 22, 2017.
WFT’s Stock Price Forecast for This Week
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%.
What’s OII’s Stock Price Forecast for the Week Ending June 29?
On June 21, Oceaneering International’s (OII) implied volatility was 40.5%.
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%.
Weatherford: This Week’s Weakest Oilfield Service Stock
This week, Weatherford International (WFT) has fallen the most in the oilfield service sector, by 3.3% from $3.64 to $3.52.
What’s Halliburton’s Stock Price Forecast This Week?
Halliburton’s (HAL) implied volatility was 23.9% on June 8.
Why Halliburton Stock Is Showing Some Strength
On June 5, Haliburton (HAL) was trading at $47.87, which was 4% higher than a year ago. In this series, we’ll see what’s driving it.
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.
What Are Weatherford International’s Capex Plans for 2018?
Weatherford International’s (WFT) CFO in the first quarter was -$185 million compared to -$179 million in Q1 2017.
The Lowest 5 Oilfield Services Companies by Free Cash Flow
In this series, we’ll look at the lowest five free cash flow companies in the first quarter in the oilfield equipment and services industry.
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.
What’s Wall Street’s Forecast for Helix Energy Solutions Group?
In this article, we’ll look at Wall Street analysts’ forecasts for Helix Energy Solutions Group (HLX) as of May 10, 2018.
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.
Why Nabors Industries’ 1Q18 Earnings Missed Estimates
Nabors Industries’ 1Q18 adjusted EPS came in at -$0.29, slightly short of the consensus sell-side analyst earnings estimate of -$0.28.
Analyzing Halliburton’s Next 7-Day Stock Price Forecast
Halliburton stock will likely close between $54.57 and $51.09 in the next seven days—based on its implied volatility.
Wall Street’s Forecasts for Weatherford after 1Q18 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for Weatherford International (WFT) stock following the company’s 1Q18 earnings release.
What Drove Weatherford’s 1Q18 Performance?
Weatherford International (WFT) released its 1Q18 financial results yesterday.
Forecasting Halliburton’s Stock Price
Implied volatility signals a stock’s potential price movement.
Why Weatherford’s 1Q18 Earnings Beat Estimates
Weatherford International released its 1Q18 earnings results today.
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.
How Is Halliburton Reacting to the Crude Oil Price Change?
The correlation coefficient between Halliburton’s (HAL) stock price and the crude oil price from April 16, 2017, to April 16, 2018, was 0.56.
Analyzing Schlumberger’s Next 7-Day Stock Price Forecast
On April 11, 2018, Schlumberger’s (SLB) implied volatility was 29.2%. Schlumberger’s 4Q17 earnings were announced on January 19, 2018.
What’s Halliburton’s Stock Price Forecast for the Next 7 Days?
Halliburton’s (HAL) implied volatility was ~31% on March 29, 2018.
Weatherford’s Free Cash Flow Projection for 2018
Weatherford International’s (WFT) cash from operating activities (or CFO) in 2017 was negative, and it deteriorated from 2016.
Halliburton’s Next 7-Day Stock Price Forecast
Halliburton stock will likely close between $48.52 and $44.36 in the next seven days—based on its implied volatility.
Basic Energy Services: Biggest Loss in the Oilfield Services Industry
In the current week starting on March 19, 2018, Basic Energy Services (BAS) was the top declining stock in the oilfield services sector.
Analysts’ Recommendations: WFT, CRR, RES, FMSA, and SLCA
Analysts’ consensus target price for U.S. Silica Holdings was ~$38.5 on March 14. U.S. Silica Holdings is trading near $26.3.
Short Interest in 2018: WFT, CRR, RES, FMSA, and SLCA
The short interest in CARBO Ceramics (CRR) as a percentage of its float was 51.2% as of March 14, 2018—compared to 46.0% as of January 1, 2018.
Ranking the 5 Worst OFS Companies by Market Returns in 2018
As of March 14, 2018, Weatherford International (WFT) has seen the steepest YTD fall in stock prices in the OFS industry.
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’s Halliburton’s Next 7 Day Stock Price Forecast?
Halliburton stock will likely close between $48.63 and $45.35 in the next seven days—based on its implied volatility.
How Is Tenaris Reacting to the Price of Crude Oil?
Tenaris’s (TS) correlation with the price of crude oil from March 7, 2017, to March 7, 2018, was 0.46.
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%.
Wall Street Forecasts for Nabors Industries after 4Q17 Earnings
In this part of our series, we’ll look at Wall Street analysts’ forecasts for Nabors Industries’ (NBR) following its 4Q17 earnings release.
How’s Fairmount Santrol Holdings Reacting to Crude Oil Prices?
Fairmount Santrol Holdings’ (FMSA) correlation with crude oil prices from February 16, 2017, to February 16, 2018, was 0.46.
What Were Schlumberger’s 1-Week Returns on February 16?
On February 16, 2018, the West Texas Intermediate (or WTI) crude oil price was 4.2% higher than it was a week ago.
Energy Stocks Deviated from Oil’s Gain Last Week
On February 9–16, upstream stocks Sanchez Energy and Chesapeake Energy were the first and fifth-largest losers on our list of energy stocks.
Is Halliburton’s Post-4Q17 Free Cash Flow a Concern?
Halliburton’s operating cash flow Between 4Q16 and 4Q17, Halliburton’s (HAL) CFO (cash from operating activities) deteriorated marginally by 5%, to $1.01 billion from $1.06 billion. Although HAL’s revenue increased, adverse changes in working capital led to its CFO falling in 4Q17. Halliburton makes up 2.4% of the iShares North American Natural Resources ETF (IGE). Since February […]
Chart in Focus: Nabors Industries’ 7-Day Stock Price Forecast
On February 12, 2018, Nabors Industries’ (NBR) implied volatility was 69.5%.
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.
Wall Street’s Forecasts for Weatherford after Its 4Q17 Earnings
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.
Factors that Affected Weatherford’s 4Q17 Performance
WFT’s Western Hemisphere region’s operating loss decreased to $35.0 million in 4Q17 compared to its $74.0 million operating loss in 4Q16.
CARBO Ceramics: Top Loser in the Oilfield Services Industry
In the current week starting January 29, 2018, CARBO Ceramics (CRR) is the top declining stock from the oilfield services sector.
Wall Street’s Forecasts for Baker Hughes after Its 4Q17 Earnings
In this article, we’ll look at Wall Street analysts’ forecasts for shares of Baker Hughes, a GE company (BHGE) following its 4Q17 earnings release.
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.
How Weatherford Is Reacting to Crude Oil Price Changes
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.
Weatherford’s Stock Price Forecast
On January 16, Weatherford International’s (WFT) implied volatility (or IV) was ~64%. Its 3Q17 earnings were announced on November 1, 2017. Since then, its implied volatility has increased from 54% to the current level.
Will Rig Counts Affect Weatherford in 4Q17?
In 3Q17, Weatherford International’s (WFT) revenue share from North America was 39.7%, which compares favorably with the 37.6% revenue share from North America in 2Q17.
Analyzing Weatherford International’s Growth Drivers in 3Q17
Weatherford International (WFT) saw robust revenue growth (a ~20% rise) from 3Q16 to 3Q17. On the other hand, WFT’s Latin America region declined the most (a 10.2% fall) during the period.
Schlumberger: Analysts’ Recommendation before 4Q17
According to data compiled by Reuters, on January 2, 2018, 73% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent.
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.
Weatherford’s Stock Price Forecast for the Next 7 Days
Weatherford stock will likely close between $4.21 and $3.53 in the next seven days. Weatherford’s stock price was $3.87 on January 5, 2018.
Short Interest in the Bottom OFS Companies by 4Q17 Earnings Growth
Short interest in Schlumberger (SLB) as a percentage of its float has increased to 1.7% on December 29, 2017, compared to 1.5% on September 29, 2017.
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.
What Wall Street Says about Weatherford International
On December 26, 2017, 78% of the Wall Street analysts tracking Weatherford International rated it a “buy” or some equivalent.
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.
Weatherford International’s Valuation Compared to Its Peers
Weatherford International’s (WFT) EV (enterprise value) when scaled by a trailing 12-month adjusted EBITDA is close to the peer average in our group.
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.
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.
Short Interest in the Bottom 5 OFS Companies by Free Cash Flow
Short interest in Baker Hughes, a GE Company (BHGE) as a percentage of its float was 1.9% on December 22, 2017.
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.
Weatherford International’s Value Drivers in 3Q17
Revenues from Weatherford International’s (WFT) North America region saw robust revenue growth of ~20% from 3Q16 to 3Q17.
Could Weatherford International Stock Change Course?
On December 15, 2017, Weatherford International (WFT) was trading at $3.36. That’s a ~33% fall since the beginning of 2017.
How Halliburton’s Stock Price Compares
In this series, we’ll analyze Halliburton’s drivers, balance sheet, free cash flow, and dividend yield.
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.
How Weatherford Has Reacted to Crude Oil Price Changes
From November 17–24, 2017, Weatherford International’s (WFT) correlation with the price of WTI (West Texas Intermediate) crude oil was -0.33.
Weatherford’s Next 7-Day Stock Price Forecast
On November 24, 2017, Weatherford International’s (WFT) implied volatility (or IV) was 61%.
ION Geophysical Fell the Most in the Oilfield Services Industry
In the week starting November 20, 2017, ION Geophysical (IO) fell the most among stocks in the oilfield services sector.
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.
What Could Happen to Nabors Industries’ Debt in 2017
In 3Q17, Nabors Industries’ (NBR) total debt rose 14% compared to a year earlier while its cash and marketable securities rose 10%.
Why Nabors Industries’ Stock Price Is Bearish
Nabors Industries (NBR) is one of the largest land-based drilling operators in the world. It had a weak run in the stock market in 2017.
The Top Declining Stock in Oilfield Services so Far This Week
So far this week (as of November 14), Superior Energy Services (SPN) has fallen from $9.45 to $8.31, which represents a ~12% decline.
Weatherford Stock Rose in the Week Ending November 3
On November 3, 2017, the WTI (West Texas Intermediate) crude oil price was 6% higher—compared to the WTI crude oil price on October 27, 2017.
These Energy Stocks Gained the Most Last Week
Last week (ended November 3), oilfield stocks CARBO Ceramics and Weatherford International ranked first and second on our list of top energy gainers.
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.
Why Weatherford’s 3Q17 Earnings Beat Estimates
Compared to 2Q17, Weatherford International’s 3Q17 revenues rose 7.1%.
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.
These Energy Stocks Fell the Most Last Week
Oilfield services stocks Weatherford International, Nabors Industries, and Transocean ranked second, third, and fourth, respectively, as top energy losers.
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.
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.
Weatherford Reacts to Crude Oil Price Changes
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.
