|Bid||31.09 x 900|
|Ask||31.25 x 3200|
|Day's Range||31.09 - 32.30|
|52 Week Range||24.70 - 54.91|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||16.47|
|Earnings Date||Apr 22, 2019|
|Forward Dividend & Yield||0.72 (2.46%)|
|1y Target Est||38.67|
Schlumberger earnings were in line with analyst estimates but the oilfield service provider warned that North American activity will be weaker in 2019.
Schlumberger’s Q1 Earnings Meet Analyst Estimates(Continued from Prior Part)Schlumberger in 2019 Schlumberger (SLB) has risen 31% so far in 2019. The stock has outperformed peers Halliburton (HAL), National Oilwell Varco (NOV), and Baker Hughes
Schlumberger’s Q1 Earnings Meet Analyst EstimatesEPS fell 21% Schlumberger (SLB) reported its first-quarter results today. The company reported EPS of $0.3, which met analysts’ consensus estimates. The EPS fell 21% YoY. “First-quarter revenue
Conservative spending by explorers and producers is likely to hurt demand for oil service firms despite favorable Q1 crude price.
Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Halliburton's (HAL) Q1 results.
The big shareholder groups in Halliburton Company (NYSE:HAL) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. C...
Halliburton Company (HAL) today announced the execution of an integrated services contract with Royal Dutch Shell for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency by integrating multiple product offerings and technologies. “Our integrated services model is designed to help accelerate new field development, reduce drilling and completion costs and increase recovery through the utilization of our innovative technologies and basin insight,” said Anouar Fraija, vice president of Halliburton Brazil.
Has Oil Lost Its Uptrend?(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by two to 833—just 17 more rigs than the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with a three to
Halliburton (HAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
U.S. equities rallied again on Friday, with the S&P 500 making its third straight weekly gain. Some positive China trade headlines as well as solid credit data are bolstering sentiment as we get solidly into the Q1 earnings season this week.It's the energy sector that I want to focus on today, with Chevron (NYSE:CVX) buying Anadarko (NYSE:APC) in a $33 billion deal, boosting APC shares up roughly 32%. I recommended buying the stock back on Monday, so that's not a bad profit for just a four-day holding period.I think the entire sector is worth a look, with RBC analysts warning that $80-a-barrel oil is likely this summer as a result of steep OPEC supply cuts, solid demand and rising risks concerning Iran after President Donald Trump's administration labeled part of its military establishment a terrorist organization.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Companies: Which Pot Stocks Should You Buy? As a result, the Energy Select SPDR (NYSEARCA:XLE) is breaking above its 200-day moving average for the first time since early October -- creating nice buying opportunities in a number of stocks in the area. Here are five ready for new money: Energy Stocks to Buy: Halliburton (HAL)Halliburton (NYSE:HAL) shares are rising to challenge the highs of its five-month consolidation range, making a possible end to the downtrend that started last May that resulted in a 50% decline from its high. The company was recently initiated at Goldman Sachs with a buy rating.The company will next report results on April 22 before the bell. Analysts are looking for earnings of 23 cents per share on revenues of $5.5 billion. When the company last reported on Jan. 22, earnings of 41 cents per share beat estimates by four cents on a 0.1% decline in revenues. Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB), the oilfield service provider, are attempting to break up and out of a five-month consolidation pattern setting up a challenge of its 200-day moving average. Like HAL, the company had coverage initiated by Goldman Sachs analysts in March.The company will next report results on April 18 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $7.8 billion. * 8 Risky Stocks to Watch as Earnings Season Kicks Off When the company last reported on Jan. 18, earnings of 36 cents per share missed estimates by two cents on $8.1 billion in revenues. Helmerich & Payne (HP)Shares of Helmerich & Payne (NYSE:HP) are breaking up and over their 200-day moving average for the first time since October. Shares lost more than 40% from the prior high. A return to those levels would be worth a 20% gain from here. Analysts at Jefferies downgraded shares back in March, ahead of the current rally to the upside.The company will next report results on April 24 after the close. Analysts are looking for earnings of 38 cents per share on revenues of $710.4 million. When the company last reported on Jan.29, earnings of 42 cents per share beat estimates by 12 cents on a 31.3% rise in revenues. Pioneer Natural Resources (PXD)Shares of Pioneer Natural Resources (NYSE:PXD) surged more than 11% on Friday, cutting clear of their 200-day moving average and the six-month consolidation range. Watch for a return to the mid-October high, which would be worth a gain of roughly 12% from here.The company will next report results on May 6 after the close. Analysts are looking for earnings of $1.47 per share on revenues of $2.1 billion. * 7 AI Stocks to Watch with Strong Long-Term Narratives When the company last reported on Feb. 13, earnings of $1.18 per share missed estimates by 16 cents on a 75.4% rise in revenues. Noble Energy (NBL)Noble Energy (NYSE:NBL) stock is rising up and over its 200-day moving average, challenging its November high. The stock was upgraded by analysts at Mizuho back in March, with the price target raised to $29. Watch for a move to the October high, which would be worth a gain of nearly 20% from here.The company will next report results on May 3 before the bell. Analysts are looking for a loss of five cents per share on revenues of $1 billion. When the company last reported on Feb. 19, earnings of 12 cents per share missed estimates by two cents on a 0.3% drop in revenues.As of this writing, William Roth held no position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 5 Energy Stocks Rising as Crude Oil Soars appeared first on InvestorPlace.
Schlumberger’s Q1 Earnings Are Expected to Fall 21%(Continued from Prior Part)Schlumberger in 2019Schlumberger (SLB) has risen ~26% in 2019 due to strength in crude oil prices. The stock has outperformed Baker Hughes (BHGE), Halliburton (HAL),
Schlumberger’s Q1 Earnings Are Expected to Fall 21%(Continued from Prior Part)Rising DUC inventory The inventory of DUC (drilled but uncompleted) wells has been rising for two years. The number of drilled but uncompleted wells has risen
Schlumberger’s Q1 Earnings Are Expected to Fall 21%(Continued from Prior Part)US rig count According to Baker Hughes (BHGE) data, the total US rig count fell from 1,083 in the week ending December 28 to 1,006 in the week ending March 29. The rigs
Schlumberger’s Q1 Earnings Are Expected to Fall 21%Schlumberger’s first-quarter results Schlumberger (SLB) is scheduled to report its first-quarter earnings on April 18. Analysts’ consensus EPS estimate is $0.3 per share. The
Halliburton Company (HAL) is pleased to announce the City of Houston declared Wednesday, April 10, 2019, as Halliburton Day in honor of the Company’s 100 years of growth, innovation, and unparalleled customer service. Houston Mayor Sylvester Turner presented Halliburton Chairman, President and Chief Executive Officer Jeff Miller with a City of Houston Proclamation at a ceremony held at City Hall in the Council Chambers.
The tally for oil drilling rigs rises in the seventh week after the count fell for six straight weeks to the lowest level since April 2018.
Goldman Sachs Raised the Oil Price Forecast for 2019(Continued from Prior Part)Oil rig countLast week, the oil rig count rose by 15 to 831 from the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with a three
Conservative investments in U.S. exploration and production activities might affect demand for rigs. Hence, drillers may continue to lower rig count in the coming months.
Two of the company's nominated directors were appointed by the board in 2019 and will face their first election by the company's shareholders at the annual meeting in May.
While gurus hold positions in these companies, the share price and returns continue to fall. The company, which refines petroleum products, has a $41.07 billion market cap. The stock is trading with a price-earnings ratio of 11.44.