|Bid||20.41 x 4000|
|Ask||21.27 x 1300|
|Day's Range||20.50 - 21.10|
|52 Week Range||18.98 - 38.39|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.85|
|Expense Ratio (net)||0.43%|
The rally in crude oil prices continue on tightening global supplies. But, uncertainty over the continuance of the momentum prevails. In such a scenario, we discuss some oil ETFs.
The fundamentals for the energy market are extremely strong with the ability to stir up every kind of ETFs & stocks in the sector.
ETFs that were badly beaten up in 2018, and currently rank among the weakest in terms of relative strength, are poised for big gains in the short term, according to a study by Ned Davis Research. “The Q4 decline resembled the 2011 and 2015/2016 bear markets.
The Zacks Analyst Blog Highlights: SPDR S&P Oil, Invesco Dynamic Oil, VanEck Vectors, iShares US Oil and United States Oil
Oil services stocks and oil ETFs were leading the pack Friday after the Organization of Petroleum Exporting Countries revealed plans to cut production, progress in the U.S.-China trade negotiations and ...
Oil is on track to log in its biggest weekly gains in more than two years. Many energy ETFs and stocks have generated handsome returns so far this year.
The S&P 500 is lower by nearly 8 percent on a year-to-date basis, indicating it's going to take a lot of work in a short amount of time for the index to close 2018 on an upbeat note. There are over 2,200 ...
The sudden bout of volatility that gripped the markets this year has been far reaching, touching all corners of the globe and ETF markets. Among the worst performing non-leveraged ETFs of the year, the ...
While crude oil price gave up the day's gain, oil services stocks and sector-related ETFs remained among the best performers of the U.S. equity segment. On Wednesday, the SPDR Oil & Gas Equipment & Services ETF (XES) increased 3.2% and iShares U.S. Oil Equipment & Services ETF (IEZ) advanced 2.5%, both ending a week-long losing streak, as traders may have saw a buying opportunity in a relatively cheaper market. Meanwhile, West Texas Intermediate crude oil futures slipped 1.0% to $51.1 per barrel in late Wednesday trading after staying positive for most of the day.
Is Halliburton Trading at an Attractive Valuation? One of the issues facing Halliburton’s North American market is an increase in trucking costs due to the increased usage of trucks to move crude oil and sand. Another issue is the constraint in the Permian Basin takeaway capacity.
The Vanguard Group, Dodge & Cox, and First Eagle Investment Management are the top three institutional investors in National Oilwell Varco (NOV). They own 10.5%, 8.2%, and 7.1%, respectively, of National Oilwell Varco’s outstanding shares. According to the latest filings, Dodge & Cox and First Eagle Investment Management sold net 1.0 million and 44,644 National Oilwell Varco shares, respectively, from their holdings. The Vanguard Group added net 0.4 million National Oilwell Varco shares in the second quarter.
Capital World Investors, Dodge & Cox, and the Vanguard Group are the top three institutional investors in Baker Hughes (BHGE). They own 11.8%, 9.2%, and 9.0%, respectively, of Baker Hughes’s outstanding shares. According to the latest filings, Capital World Investors and Dodge & Cox added net 3.7 million and 1.0 million Baker Hughes shares, respectively, to their holdings. The Vanguard Group sold net 7.2 million Baker Hughes shares in the second quarter.
Baker Hughes, a GE Company (BHGE), published its US crude oil rig count report on July 27. Baker Hughes reported that US crude oil rigs rose by three to 861 on July 20–27. The rigs hit 858 for the week ending July 20—near the lowest level since May 18. However, the rigs have increased by 95 or ~12.4% year-over-year.
Baker Hughes, a GE company (BHGE) published its US crude oil rigs report on July 20. It reported that US crude oil rigs fell by five to 858 from July 13 to July 20. Rigs were near the lowest level since May 18. However, rigs have risen by 94 (~12.3%) from a year ago.
Small-cap energy and oil services ETFs were leading the market rebound Friday after the Organization of Petroleum Exporting Countries (OPEC) agreed to only modestly raise oil supplies to head off rising ...
Short interest in Schlumberger (SLB) as a percentage of its float was 1.50% on May 25, compared to 1.47% on May 26, 2017. Since May 26, 2017, short interest in SLB has increased 1.4%. So, investors have increased their negative bets on Schlumberger marginally in the past year. As noted in the graph below, SLB’s stock price and short interest as a percentage of float have mostly been inversely related since May 2016.
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017. March 29 was the last trading day of SLB’s first quarter. In the first quarter, SLB’s adjusted earnings were negative. So, its price-to-earnings (or PE) multiple wasn’t meaningful in the first quarter.
Baker Hughes, a GE company (BHGE), released its US crude oil rig count report on May 25, indicating that the US crude oil rig count rose by 15 to reach 859 between May 11 and 18—the highest level since March 13. The rig count was 137 (~19%) higher than a year ago. WTI crude oil prices have increased ~60% since June 21, 2017, while the iShares US Oil Equipment & Services ETF (IEZ) and the VanEck Vectors Oil Services ETF (OIH) have risen ~17.8% and ~15%, respectively.
Schlumberger’s (SLB) cash from operating activities (or CFO) decreased ~13% in the first quarter from a year ago. SLB generated $568 million in CFO. Despite the increase in revenues in the past year, adverse changes in working capital mainly led to the decrease in SLB’s CFO. Schlumberger’s free cash flow and capex
Oil services stocks and exchange traded funds have actively participated in the energy sector rally. For example, the VanEck Vectors Oil Service ETF (NYSEArca: OIH) is up more than 16% since the start ...
Rene Nourse, Urban Wealth Management; Gordon Charlop, Rosenblatt Securities; and CNBC's Rick Santelli, discuss the day's market activity.