21.75 0.00 (0.00%)
After hours: 5:11PM EDT
|Bid||21.55 x 4000|
|Ask||21.60 x 800|
|Day's Range||21.42 - 21.86|
|52 Week Range||20.98 - 45.29|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||10.81|
|Earnings Date||Jul 22, 2019|
|Forward Dividend & Yield||0.72 (3.32%)|
|1y Target Est||34.77|
The flurry of new highs notched by the S&P 500 is perhaps the clearest evidence of the decade-long golden age stocks we've been living in. Since the disastrous days of '08 and bottom carved in the Spring of '09, equities have grown 343%. But not all companies have been boosted during the buying binge. Some sad saps remain stocks to sell.Today we'll highlight three such losers.These stocks to sell weren't hard to find. Indeed, in a day of high flying equities tagging record-setting prices, all you have to do is look for the few stocks that are hitting new lows. There's a stink about them. Maybe they have deteriorating fundamentals. Or perhaps they find themselves in an out-of-favor sector. In any case, they're worth steering clear. Or you could deploy bearish trades to profit from their pain.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now Let's take a closer look at three deathly looking stocks to sell. Baidu (BIDU) Click to Enlarge Source: ThinkorSwim Since peaking last year at $284.22, Baidu (NASDAQ:BIDU) shares are down over 53%. The unwinding accelerated after May's dismal earnings report sent the shares plunging around 20% amid massive volume. Since then, BIDU stock has proven altogether unable to lift itself from the mat.And with the specter of another certain earnings announcement looming later this month, I think the selling could begin anew as shareholders who were holding out for a recovery finally jump ship.To bank on pre-earnings jitters, we could buy put options. The Aug $110 puts can be purchased for around $3.80 and offer a lower cost and limited risk way to speculate on additional weakness. 3 Stocks to Sell: Bed Bath & Beyond (BBBY) Click to Enlarge Source: ThinkorSwim Remember the powerful recovery Bed Bath & Beyond (NASDAQ:BBBY) staged over the first four months of the year? We're talking about the robust 87% ramp that pulled-in bargain hunters and spectators willing to bet on a turnaround.Well, it's gone. All of it.And this week, BBBY stock officially broke below the December low that marked the beginning of its once-promising ascent. That means every single person who got suckered into banking on the resurrection is now cursed with a losing position. And they're all likely sellers at higher prices, which is otherwise known as overhead supply.Couple the flawed fundamentals with terrible technicals and you have a toxic brew pointing toward lower prices.Unfortunately, with BBBY already down sharply after last week's earnings release, it's tough to recommend new bear trades here. But I would be a seller into any strength. * 3 Food Stocks to Buy for Fast and Big Profits The depths beckon. 3 Stocks to Sell: Halliburton (HAL) Click to Enlarge Source: ThinkorSwim Oil stocks have been poison to portfolios in recent years. And perhaps none best illustrates the damage inflicted than Halliburton (NYSE:HAL). Just last year the oil service titan was flirting with $60. Now it's threatening to break into the teens.The downtrend has taken a few pit stops along the way, but overall the descent has been relentless. Its latest two-month pause just gave way to renewed selling, and this morning HAL stock is working on its fifth straight down day. The next earnings report is right around the corner on July 22nd and could provide some relief, but I doubt it.If you're willing to bet with bears into the event, then buy the Sep $22.50/$20 bear put for around $1.15.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 3 Stocks That Look Like Death appeared first on InvestorPlace.
Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Halliburton's (HAL) Q2 results.
Statistically speaking, long term investing is a profitable endeavour. But along the way some stocks are going to...
Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.
Halliburton Co NYSE:HALView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for HAL with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HAL are favorable, with net inflows of $8.67 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. HAL credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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.
If the waivers to operate in Venezuela are discontinued, it is likely to trigger huge losses for Chevron (CVX), which has spent billions in the Venezuelan business.
Energy stocks traded broadly higher Wednesday, on the back of a surge in oil prices after upbeat government supply data and amid concerns over a storm brewing in the Gulf of Mexico. The SPDR Energy Select Sector ETF climbed 1.1%, and was the biggest gainer among the ETFs tracking the 11 S&P 500 sectors, as 28 of the energy ETF's (XLE) 29 equity components gained ground. The biggest gainer was Noble Energy Inc.'s stock , which rose 3.5%. Among other more active components, shares of Halliburton Co. edged up 0.3%, Kinder Morgan Inc. gained 0.3%, Apache Corp. advanced 1.5% and Exxon Mobil Corp. hiked up 1.3%. The lone decliner was Anadarko Petroleum Corp.'s stock , which slipped 0.1%. Elsewhere, Chesapeake Energy Corp.'s stock surged 3.0%. Meanwhile, crude oil futures ran up 4.1% toward a 5th-straight gain, and a 7-week high. The XLE has now lost 4.9% over the past three months, while crude oil futures have declined 6.9% and the S&P 500 has gained 3.8%.
Five years in the making. That is essentially the time it has taken for the S&P 500 to hit a milestone mark at 3,000 for the first time in its history. The stock gauge first closed at 2,000 on Aug. 26, 2014, according to Dow Jones Market Data.
The largest change — a 20,100-person increase — was thanks to a multibillion-dollar acquisition that closed in 2018.
The decline in count for oil drilling rigs in the United States reflects conservative capital spending by domestic explorers and producers.
Dovish Fed comments and chances of U.S.-China trade truce kept the market steady in the second quarter. These ETF areas won and lost in the second quarter.
Lower capital expenditures, fewer wells and longer lateral lengths are helping oil and gas exploration and production (E&P) companies turn their balance sheets rightside-up, but oilfield services firms are getting left out in the cold. One of the dirty little secrets of the American shale oil and gas boom of the past four years has been that most E&P companies drilling in the shale are cash flow negative. Horizontal wells in tight rock are expensive to construct and their hydrocarbon flows tend to fall off more rapidly than conventional wells.
(Bloomberg) -- For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.Five years after crude began its plunge to less than $30 a barrel from more than $100, the companies that drill and frack wells are living in a new world. The producers they work for have become increasingly efficient and cost-conscious, reacting to shareholder demands for payback and a crude market that’s recovered only part of that brutal decline.Meanwhile, the service companies that handed out discounts in the downturn are barely holding on. Schlumberger Ltd. and Halliburton Co., the two biggest, have each fallen by more than 65% since crude started tumbling, and Weatherford International Plc on Monday filed for bankruptcy. Contrast that with the oil producers, collectively down less than 50%.It’s a model that “definitely needs to be changed," said Luke Lemoine, an analyst at Capital One in New Orleans, in a phone interview. "It’s just been capital destruction for 20 years."Oilfield service providers have a long history of riding the ups and downs in the energy market. They ramp up rigs, workers and prices when oil is more expensive, and cut back when the market drops.Gear Pile-UpWhen crude began recovering in March 2016, the servicers started refortifying. But with their customers keeping a lid on spending, the gear began to pile up. In February, Rystad Energy, an industry consultant, estimated that supplies of U.S. fracking gear -- the pumps that blast water, sand and chemicals underground to release crude in what has become the most expensive part of drilling -- will exceed demand by about 68% by year’s end.At the same time, producers have enjoyed an output boom in recent years, doing more with less by using new methods and technology. Shortened horizontal drilling times and longer laterals that require fewer wells to be drilled are taking a toll on servicers.In June 2014, the U.S. pumped 8.4 million barrels of crude using 1,545 drilling rigs. Last month, it produced about 12.2 million barrels, 45% more, with just 788 rigs."I have an industry that’s built for way more work than we are currently doing, or that we think will be done in the foreseeable future – or at least the next three or four years," said Richard Spears, an industry consultant who’s also worked in and around the oil patch for decades.The gear glut is taking a toll as service companies are jockeying to defend their share of an increasingly lean market. The prices charged by service companies are at their lowest levels since September 2016, with more companies dropping prices than raising them, according to data from the Federal Reserve Bank of Dallas. The servicer price index hasn’t risen for at least a year, the bank’s quarterly surveys show.While large companies such as Schlumberger and Halliburton are struggling, smaller companies are facing dire consequences. Weatherford, in filing for bankruptcy, is seeking protection at a time when its debt load has topped $8 billion. National Oilwell Varco Inc., meanwhile, is cutting expenses to the bone."A major value transfer is underway between oilfield service companies and E&P entities," James West, an analyst at Evercore ISI, wrote in a report earlier this year. "Rather than seek to preserve value, companies sought greater market positioning despite the structural predicament. Intense competitive conditions exist in almost every major oilfield service product line."Over the last decade in particular, oil servicers went from a 13% lead over exploration and production companies when it comes to returns on capital employed, to a 7% deficit to the E&Ps last year, according to slides from Evercore ISI in February, when the bank called on service companies to take its pledge to generate returns for shareholders.Earnings DropDuring the same period, the biggest oilfield service and equipment companies have spent $88 billion while earnings have dropped by $5.8 billion, and net debt has climbed by $24 billion, according to Evercore.Companies are reacting to the crunch in different ways.Schlumberger sold its land-rig unit in the Middle East and its global tool-rental business. Precision Drilling sold its Mexican operations. Keane Group Inc. and C&J Energy Services Inc. agreed to combine in a pact valued at about $746 million to become the third biggest frack provider.A Schlumberger spokesman said the company wouldn’t discuss the industry outlook before it released second-quarter earnings this month. A Halliburton spokesman declined to comment, and Weatherford didn’t immediately respond to messages seeking comment.Some analysts and investors, meanwhile, are seeking more widespread consolidation."The oilfield services industry has fundamentally changed," Carin Dehne-Kiley, an analyst at S&P, wrote in a report to investors. "Companies will no longer be able to generate the high operating margins they did in 2014."Even a single company cutting back on its lesser-performing service lines would help, according to Evercore’s West. "You’re starting to see companies look at their portfolios and pruning in order to drive overall better corporate returns," he said.Servicers need to focus more on digital technology, switching from diesel-powered frack equipment to electric and generally improving the quality of their gear, said Jud Bailey, an analyst at Wells Fargo. Doing so could lower costs by 25-35% over the next five years, he estimates.The companies that are winning are the ones “doing one to three things extraordinarily well," Bailey said. "The ones who do 10 things -- and do one or two of them really well and the rest mediocre -- those are the ones who are struggling."(Second in a series looking at the oil industry five years after the price rout.)\--With assistance from Alex Nussbaum.To contact the reporter on this story: David Wethe in Houston at email@example.comTo contact the editors responsible for this story: Simon Casey at firstname.lastname@example.org, Reg Gale, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The considerable rise in oil price over the past month has likely prompted crude drillers to add rigs despite plans of conservative investments.