|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.10 - 36.85|
|52 Week Range||29.57 - 40.47|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
In 1Q18, Wall Street analysts expect National Oilwell Varco (NOV) to post adjusted EPS (earnings per share) of -$0.01, compared with -$0.04 in 4Q17. National Oilwell Varco expects higher crude oil prices and horizontal drilling and hydraulic fracturing, which can enable energy production from poor-quality reservoirs and enhance profitability, to boost earnings in 1Q18.
With commodities rising, some investors are revisiting the asset class. Another way to gain commodities exposure is via commodities-linked equities. In the oil patch, that can include oil services stocks ...
From 4Q16 to 4Q17, Halliburton’s (HAL) completion and production (or C&P) segment revenue increased ~68%. The C&P segment registered an 8% revenue rise in 4Q17 over 3Q17. Higher completion tool sales in the Gulf of Mexico, higher software sales in Latin America, and increased stimulation activity in the Eastern Hemisphere helped the C&P segment’s growth. Halliburton makes up 11.0% of the iShares US Oil Equipment & Services ETF (IEZ). IEZ fell 12% in the past year, while HAL increased 4% during this period. ...
Despite an improvement in the international upstream market scenario, Halliburton (HAL) may continue to face challenges in the international market. IEZ tracks an index composed of US equities in the oil equipment and services sector. Read more on Halliburton in Market Realist’s Could Moderation in US Markets Affect Halliburton in 1Q18?
Short interest in Baker Hughes, a GE Company (BHGE), as a percentage of its float was 5.7% as of April 12, 2018, compared to 2.7% as of April 12, 2017. Since April 12, 2017, short interest in BHGE has more than doubled. So investors have increased their negative bets on BHGE in the past year. Since April 12, 2017, BHGE’s stock price has decreased ~24%. BHGE’s stock price and short interest as a percentage of float has been inversely related since April 2016.
Baker Hughes (BHGE), a GE company, released its weekly US crude oil rig count report on April 13, 2018. Baker Hughes reported that US crude oil rigs increased by seven to 815 on April 6–13, 2018. The rigs are at the highest level since March 20, 2015. The rigs also increased by 132 or ~19.3% year-over-year.
In 1Q18, analysts expect $0.06 in adjusted earnings per share (or EPS) for Baker Hughes, a GE Company (BHGE). So Street analysts expect BHGE’s adjusted earnings to decline sharply, by 58% from the 4Q17 adjusted earnings of $0.15 per share. Low upstream energy activity and challenging pricing in the subsea business, a muted Turbomachinery segment due to lower LNG (liquefied natural gas) activity, a lower-margin downstream backlog, and decreased transaction services in the oilfield equipment segment are all expected to result in the 1Q18 earnings decline. ...
The short interest in Schlumberger (SLB), as a percentage of its float, was 1.8% as of April 11, 2018—compared to 1.2% as of April 11, 2017. Since April 11, 2017, the short interest in Schlumberger has increased 46%. Since April 11, 2017, Schlumberger’s stock price has decreased 16%. Schlumberger accounts for 17.2% of the iShares US Oil Equipment & Services ETF (IEZ). IEZ tracks an index composed of US equities in the oilfield equipment and services sector. IEZ has decreased 16% since April 11, 2017.
In 1Q18, analysts expect an adjusted EPS (earnings per share) of $0.37 for Schlumberger (SLB). Wall Street analysts expect Schlumberger’s adjusted earnings to decrease 23% in 1Q18 from the adjusted EPS of $0.48 in 4Q17. Despite strong business from North America, Schlumberger’s management expects that higher operational costs in Russia and the North Sea in Europe, the high costs associated with rig reactivation of idle capacity, and equipment repositioning costs in Schlumberger’s international operations could cause Schlumberger’s 1Q18 earnings to decline. ...
In 2017, net debt for Baker Hughes, a GE company (BHGE) was $1.4 billion, rising 176% from its net debt of -$1.6 billion in 2016. While Baker Hughes was nearly debt-free before the merger with GE Oil & Gas, its long-term debt is now ~$6.3 billion and its short-term debt is $2.0 billion. As of December 31, 2017, BHGE had cash and marketable securities of $7.0 billion, and ~$3.2 billion of BHGE’s cash and equivalents were held by foreign subsidiaries. Despite having higher cash and equivalents, BHGE’s net debt turned positive in 2017 due to its total debt rising. BHGE’s shareholder equity
Baker Hughes, a GE company (BHGE), released its weekly US crude oil and natural gas rig count report on April 6, 2018. Baker Hughes reported that US crude oil rigs increased by 11 to 808 on March 30–April 6, 2018. The rigs are at the highest level in three years. The rigs also increased by 136 or ~20.2% year-over-year.
When the energy sector falters, oil services stocks and oil services ETFs often endure significant punishment. For example, the year-to-date loss incurred by the VanEck Vectors Oil Service ETF (NYSEArca: ...