|Bid||32.15 x 3200|
|Ask||32.15 x 1000|
|Day's Range||31.51 - 32.48|
|52 Week Range||31.51 - 57.86|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||166.59|
|Earnings Date||Jan 22, 2019|
|Forward Dividend & Yield||0.72 (2.22%)|
|1y Target Est||49.21|
Texas companies were shuffling CFOs last week, with three publicly traded energy businesses announcing changes in their top financial roles. Halliburton, Anadarko and Abraxas all have new CFO this week.
As we discussed in the first part of this series, Helmerich & Payne (HP) has the lowest upside potential among the oilfield services stocks that we’re discussing in this series. Based on the mean target price, Helmerich & Payne has an upside potential of ~22% compared to an upside potential of more than 50% for Halliburton (HAL), TechnipFMC (FTI), Baker Hughes (BHGE), and Schlumberger (SLB)—based on their respective mean target prices. Among the 27 analysts surveyed by Reuters covering Helmerich & Payne, four rated it as a “strong buy,” six rated it as a “buy,” ten rated it as a “hold,” six rated it as a “sell,” and one rated it as a “strong sell.” The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.
Weber's restricted stock units will also vest — at the start of the year he had more than $3 million in unvested stocks.
So far, National Oilwell Varco (NOV) has outperformed its peers in 2018. The stock has fallen ~11% year-to-date. In comparison, Schlumberger (SLB), Haliburton (HAL), and TechnipFMC (FTI) have fallen ~32%, 35%, and 26%, respectively, during the same period. Among the 29 analysts surveyed by Reuters covering National Oilwell Varco, three analysts rated it as a “strong buy,” seven rated it as a “buy,” 17 rated it as a “hold,” and two rated it as a “sell.”
In this series, we’re discussing analysts’ recommendations for oilfield services stocks. So far, we’ve discussed analysts’ recommendations for Halliburton (HAL), TechnipFMC (FTI), and Baker Hughes (BHGE). Among the 36 analysts surveyed by Reuters covering Schlumberger (SLB), seven rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”
Christopher Earnest, Partner, Houston Office of Compensation Advisory Partners By John Jannarone A slew of companies have been in the crosshairs of proxy advisors due to their approach to so-called Say on Pay practices. In the energy sector, for example, the likes of Halliburton, C&J, and Parker Drilling faced criticism for failing to conduct appropriate […]
On November 13, Baker Hughes (BHGE) and General Electric (GE) announced agreements aimed at accelerating the planned separation of the two companies. General Electric announced a secondary offering of 92 million Baker Hughes common shares at a price of $23 per share. Baker Hughes will also repurchase 65 million shares from General Electric. The agreements will bring down General Electric’s stake in Baker Hughes from the current 62.5% to over 50%.
Among the analysts surveyed by Reuters covering TechnipFMC (FTI), 72% rated it as a “buy.” TechnipFMC has the most “buy” ratings after Halliburton (HAL), which we discussed in the previous part of this series. Among the analysts, 16% of the analysts rated TechnipFMC as a “hold,” while 12% rated it as a “sell.” The mean target price for TechnipFMC is $35.7, which implies an upside potential of 52% from its current price of $23.5.
Among the oilfield services stocks that we’re discussing in this series, Halliburton (HAL) got the most “buy” recommendations from the analysts surveyed by Reuters. Among the 36 analysts covering Halliburton, 13 rated it as a “strong buy,” 17 rated it as a “buy,” five rated it as a “hold,” and one rated it as a “sell.” The mean target price for Halliburton is $49.2, which implies a massive upside potential of 52% from its current price of $32.3. The above graph shows how analysts’ rating and mean target price for Halliburton changed over 12 months.
Oilfield services stocks have mainly been weak in 2018. The stocks fell significantly in the past month. The VanEck Vectors Oil Services ETF (OIH) has hit a 15-year low. Top oilfield services stocks Schlumberger (SLB), Haliburton (HAL), and TechnipFMC (FTI) hit new 52-week lows on November 13. The three stocks have fallen 32%, 35%, and 26%, respectively, YTD (year-to-date).
Halliburton Company (HAL) will host a conference call on Tuesday, January 22, 2019, to discuss its fourth quarter 2018 financial results. The company will issue a press release regarding the fourth quarter 2018 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Crude oil was smashed lower for the 12th consecutive session on Tuesday. West Texas Intermediate lost 7.1%, returning to levels not seen since November. One of the largest energy stocks, Halliburton (NYSE:HAL) fell 5.5% to return to early 2016 levels.
Oil prices have certainly been under some pressure over the past several weeks. While the carnage in oil prices has been historic, the move in oil service stocks has been even more extreme. Investors and traders alike who think that oil prices are due for a bounce should consider oil service stocks as a very viable alternative to crude futures.
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / Home Depot and Halliburton were both losers in Tuesday’s trading session. Halliburton also lost a CFO this week but appointed a new one. The Home Depot, Inc. shares were little changed on Tuesday on trading volume roughly three times higher than usual at about 14.2 million shares traded.
Stocks that moved substantially or traded heavily Tuesday: Advance Auto Parts Inc., up $17.66 to $184.72 The company easily beat analysts' earnings forecasts, an encouraging sign that its turnaround efforts ...
Last week, the oil rig count rose by 12 to 886—the highest level since March 2015. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and November 12, 2018, US crude oil active futures rose 128.7%.
The 2016 election of a free-wheeling Republican businessman should have signaled great times for the U.S. oil patch, but that hasn't happened, even though crude oil hit a four-year high in September 2018. The oil equipment and services sector is leading the downside during the current malaise, with the VanEck Vectors Oil Services ETF ( OIH) now trading at a 15-year low. Blue chips are currently underperforming smaller companies in the oil equipment and services sub-sector, with Halliburton Company ( HAL) trading at a 2.5-year low while Schlumberger Limited ( SLB) probes an astounding nine-year low.
Concerns over trade tensions eased on news that China’s trade negotiator could head to Washington ahead of a meeting of the two countries leaders later this month.
Chris Weber joined Halliburton as CFO in June 2017 after serving as senior vice president and CFO of Houston-based Parker Drilling Co. for four years. Halliburton promoted an existing executive to replace him.
Mr. Loeffler, who joined Halliburton in 2014 as vice president of corporate development overseeing mergers and acquisitions, would be Halliburton’s third CFO in less than two years. Co. and is leaving to pursue other opportunities, Halliburton said.
Halliburton Company (HAL) is pleased to announce that Lance Loeffler, previously vice president of Investor Relations, has been promoted to Chief Financial Officer. Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. Chris Weber is leaving the company to pursue other opportunities.