- Editor's PickRick Newman•4 hours ago
Plunging oil prices have punished energy stocks, and new measures to combat climate change could now present another underappreciated threat. The proven reserves of oil and gas are a common metric that helps determine their stock price and overall market value, with the presumption being that an oil company may be able to access 100% of its reserves, over time, as long as it can profitably sell that oil given market prices. The more reserves a company has, the more valuable it is, and big drillers such as Exxon Mobil (XOM) deliberately seek new reserves as one way to boost their value.
- American City Business Journals•6 hours ago
Budget cuts and a declining rig count amid low oil prices have shaken up HBJ’s List of the Largest Houston-Area Energy Employers. Houston-based Halliburton Co. (HAL), which had a 28 percent decrease in annual revenue and failed to complete its proposed mega-merger with Baker Hughes Inc., cut the largest number of local jobs and highest percentage of its staff of any company on The List. In total, the company reduced its local employee count from 8,000 to 4,500 — a 44 percent decrease in staff from the year prior.
- Market Realist•2 days ago
Seadrill (SDRL) has the highest implied volatility figure among all of the OFS (oilfield services) companies, as of August 23, 2016. The stock has fallen 29.1% on a YTD (year-to-date) basis.
Schlumberger Limited (SLB)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||80.82 x 500|
|Ask||80.98 x 100|
|Day's Range||80.47 - 82.03|
|52wk Range||59.60 - 83.97|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-61.85|
|Avg Vol (3m)||5,802,289|
|Dividend & Yield||2.00 (2.46%)|