|Bid||29.92 x 3200|
|Ask||30.10 x 800|
|Day's Range||29.70 - 30.15|
|52 Week Range||24.70 - 54.91|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||15.89|
|Earnings Date||Apr 22, 2019|
|Forward Dividend & Yield||0.72 (2.39%)|
|1y Target Est||38.97|
The city of San Antonio and oilfield services company Halliburton plan to enter into an agreement that will keep the company's Eagle Ford Shale operations local.
Why Oil's Rise Might Be Unstoppable(Continued from Prior Part)Oil rig count Last week, the oil rig count fell by one to 833—the lowest level since May. The rig count tends to follow US crude oil prices with a three to six-month lag. In February
Houston-based Halliburton Co. (NYSE: HAL) has increased the size of its available credit by $500 million. The oil field services company replaced its former $3 billion, five-year credit facility with a new, $3.5 billion agreement, according to a March 7 filing with the U.S. Securities and Exchange Commission. The credit lets Halliburton draw debt to cover general working capital purposes until March 2024, according to the SEC filing.
Halliburton Company (HAL) today signed a Memorandum of Understanding (MOU) with the Egyptian Ministry of Petroleum & Mineral Resources (MoP) to support a specialized development program for Egypt’s middle management and young professional employees. The MOU, which aligns with the ministry’s Oil and Gas Modernization Program, is a collaborative agreement under which Halliburton will utilize its strength in human capital development to provide on-the-job training for Egyptians who show the potential to be future leaders in the oil and gas industry.
Shale oil and gas in the U.S. is in the seventh inning of a nine-inning game, and production growth in the U.S. is due for deceleration in the next several years, the former CEO of Houston-based EOG Resources Inc. (NYSE: EOG) says. Mark Papa, now the chairman and CEO of Colorado-based Centennial Resource Development Inc. (Nasdaq: CDEV) was on the front lines of the shale revolution as the top executive of EOG until 2013.
Halliburton Co NYSE:HALView full report here! Summary * Perception of the company's creditworthiness is neutral * 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 | NeutralETF activity is neutral. ETFs that hold HAL had net inflows of $2.32 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow 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.
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.
Crude Oil: A Bear Trap for Traders?(Continued from Prior Part)Oil rig count Last week, the oil rig count fell by ten to 843—the lowest level since May. The rig count tends to follow US crude oil prices with a three to six-month lag. In February
After a dismal 2018, the energy sector is bouncing back in a big way. The Energy Select Sector SPDR (NYSEARCA:XLE), the largest energy exchange-traded fund (ETF) by assets, closed February with a year-to-date gain of almost 14%, taking a big bite out of its 2018 loss of 18.20%. For investors considering energy ETFs, there is some good news in the form of the sector being attractively valued."The energy sector closed January at 1.7 times price-to-book (P/B) value. While this is roughly 10% above December's multi-decade low, current valuations are still below the depressed levels witnessed in November and in the bottom 10% of historical observations," said BlackRock in a February note. "On a relative basis, U.S. energy companies continue to trade at the largest discount to the broader market since at least 1995. The P/B on the sector is about 50% of the broader market's."Of course, rising oil prices are helping. U.S. crude prices are in the midst of their best January/February run since 1984 and the best two-month stretch since 2016.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Chinese Stocks to Buy for the 2019 Rebound Investors considering energy ETFs have their pick of cap-weighted funds like XLE, smart beta strategies and funds that focus on alternative and renewable energy sources. iShares U.S. Oil Equipment & Services ETF (IEZ)Expense ratio: 0.43% per year, or $43 on a $10,000 investmentFor investors with a taste for volatility, the iShares U.S. Oil Equipment & Services ETF (NYSEARCA:IEZ) and rival oil services ETFs can pack a punch. With the potential for significant upside when oil rallies (IEZ is up 24% this year), comes the potential for significant downside when oil proces decline. IEZ plunged 42.50% last year.This energy ETF and its peers are historically more volatile than broader energy ETFs. IEZ has a three-year standard deviation of 33.19%, or more than triple the comparable number on the S&P 500.While IEZ holds 40 stocks, it is, like other cap-weighted oil services funds, top heavy. Schlumberger Ltd. (NYSE:SLB) and Halliburton Co. (NYSE:HAL), the two largest oilfield services providers, combine for 26.59% of IEZ's weight. So go those two stocks, so goes IEZ's price action. Invesco S&P 500 Equal Weight Energy ETF (RYE)Expense ratio: 0.40% per yearAs was noted above with IEZ, concentration risk is a major issue with cap-weighted energy ETFs. Whether it is an oil services fund with massive exposure to Schlumberger and Halliburton or an energy ETF like XLE with significant weights to Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX), cap-weighted energy ETFs often put a lot of eggs in a small number of baskets.Investors can mitigate that concentration risk with equal-weight energy ETFs such as the Invesco S&P 500 Equal Weight Energy ETF (NYSEARCA:RYE). RYE's holdings are similar to those found in XLE, but devotes just 3.99% to its largest holding. * 7 Consumer Staples ETFs to Buy Now RYE works as it has outperformed the cap-weighted S&P 500 Energy Index by 240 basis points over the past 36 months. The rub is that RYE is usually more volatile than cap-weighted energy ETFs. John Hancock Multifactor Energy ETF (JHME)Expense ratio: 0.50% per yearAnother alternative to traditional energy ETFs, the John Hancock Multifactor Energy ETF (NYSEARCA:JHME) employs a multi-factor strategy that focuses on the smaller cap, lower relative price, and higher profitability factors.Data suggest focusing on value stocks with higher profitability traits is a strategy that can reward investors at the sector level.Analysis by Dimensional, JHME's index provider, "suggests that it is possible to pursue the value and profitability premiums at the sector level: In each of the industries and sectors in the sample, the portfolios with lower relative price (value) and higher profitability stocks outperformed the portfolios with higher relative price (growth) and lower profitability stocks," according to Hancock.While Chevron and Exxon are among JHME's top 10 holdings, the fund is underweight those names relative to standard energy ETFs. Global X MLP ETF (MLPA)Expense ratio: 0.46% per yearMaster limited partnerships (MLPs) were once beloved assets for income-focused investors, but after a couple of oil bear markets where MLPs' correlations to crude were surprisingly high, some of the gloss has come of MLPs.Some that luster is being restored this year as the Global X MLP ETF (NYSEARCA:MLPA) is higher by about 12% while yielding nearly 9%. That is high among dividend yields on traditional energy ETFs. * 5 Blue-Chip Stocks Ready to Rise "MLP yields remained higher than the broad market benchmarks for High Yield Bonds (6.90%), Emerging Market Bonds (6.33%), Fixed Rate Preferreds (5.85%), and Investment Grade Bonds (4.20%)," according to Global X research. "MLP yield spreads versus 10-year Treasuries currently stand at 5.35%, higher than the long-term average of 4.41%." Fidelity MSCI Energy ETF (FENY)Expense ratio: 0.084% per yearFor investors that like their energy ETFs basis and cheap, it does not get any better than the Fidelity MSCI Energy ETF (NYSEARCA:FENY). Fidelity consistently proves its willingness to compete on fees and that applies to its sector funds, including FENY, which are the cheapest sector ETFs on the market.The $495.5 million FENY holds 132 stocks, but devotes over 38% of its combined weight to Exxon and Chevron, the two largest U.S. oil companies.Keeping with the theme of favorable costs, Fidelity clients can trade FENY without having to worry about commissions on the firm's growing commission-free ETF platform. First Trust Nasdaq Oil & Gas ETF (FTXN)Expense ratio: 0.60% per yearThe First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) is another smart beta alternative to old guard energy ETFs. FTXN follows the Nasdaq U.S. Smart Oil & Gas Index, which is nothing like traditional energy benchmarks.Stocks in that index are selected based on growth, value and volatility metrics and weighted based on their scores across those factors. The median market value of FTXN's 47 holdings is just over $11 billion, putting this fund at the lower end of market capitalization of holdings relative to other energy ETFs. * 7 Big Data Stocks That Deserve a Closer Look FTXN allocates over 85% of its combined weight to exploration and production stocks and integrated oil companies. This energy ETF is up 14.63% year-to-date. Invesco DWA Energy Momentum ETF (PXI)Expense ratio: 0.60% per yearFor investors that believe the energy sector still has more upside to deliver this year, a momentum-based energy ETF could make sense. Enter the Invesco DWA Energy Momentum ETF (NASDAQ:PXI).PXI follows the Dorsey Wright Energy Technical Leaders Index. That index "is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index," according to Invesco.The average market value of PXI's 36 holdings is $22.58 billion, which is small compared to old guard energy ETFs. Just over half of the fund's holdings are large-cap stocks. Additionally, PXI's momentum focus reduces some of its value exposure, a trait that the energy sector is currently known for. Over 30% of PXI's holdings are classified as growth stocks compared to about 22% with the value designation.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Retail Stocks Ready to Break Out * 7 Strong Buy Stocks the Street Loves * 10 Best Stocks to Buy and Hold Forever Compare Brokers The post 7 Best Energy Funds to Outperform the Market appeared first on InvestorPlace.
SLB, HAL, BHGE, and NOV: What Analysts Got Wrong(Continued from Prior Part)Target prices Analysts’ mean target price for National Oilwell Varco (NOV) has fallen from $36.4 in February 2018 to $31.4 now. National Oilwell Varco stock has fallen 18%
SLB, HAL, BHGE, and NOV: What Analysts Got Wrong(Continued from Prior Part)Halliburton’s target priceSimilar to Schlumberger (SLB), which we discussed in the previous part, Halliburton (HAL) is also trading at half of the analysts’ mean target
Analyzing Institutional Activity in Oilfield Services Stocks(Continued from Prior Part)Top investors So far, we’ve discussed the recent institutional investor activity in some of the top oilfield services stocks including Schlumberger (SLB),
SLB, HAL, BHGE, and NOV: What Analysts Got WrongSchlumberger’s target priceIn February 2018, analysts’ mean target price for Schlumberger (SLB) was $82.6. Currently, the stock is trading at ~$44.3—slightly more than half of analysts’ mean
Analyzing Institutional Activity in Oilfield Services Stocks(Continued from Prior Part)Institutional investors in HalliburtonSimilar to Schlumberger (SLB), the Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust Company
Analyzing Institutional Activity in Oilfield Services StocksTop investors in Schlumberger The top three institutional investors in Schlumberger (SLB) are the Vanguard Group, State Street Global Advisors, and BlackRock Institutional Trust Company. All
Shares of Halliburton Company (NYSE:HAL) will begin trading ex-dividend in 4 days. To qualify for the dividend check of US$0.18 per share, investors must have owned the shares prior toRead More...