|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.70 - 42.37|
|52 Week Range||33.70 - 42.51|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
In this series, we’ll discuss analyst ratings and recommendations for offshore drillers, starting with Ensco (ESV). Of the 32 analysts covering Ensco, 47% recommend a “buy” or some equivalent for ESV stock.
In this part, we’ll discuss Wall Street analysts’ recommendations for Schlumberger (SLB) before its 4Q17 earnings release. According to data compiled by Reuters, on January 2, 2018, 73% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. From October 2, 2017, to January 2, 2018, the percentage of analysts recommending a “buy” or some equivalent for Schlumberger remained unchanged at 73%.
According to the EIA, US crude oil production increased by 28,000 bpd (barrels per day) to 9,782,000 bpd on December 22–29, 2017.
A larger-than-expected withdrawal in US natural gas inventories compared to historical averages would help natural gas prices this week.
US gasoline inventories rose by 0.5 MMbbls (million barrels) or 0.3% to 228.3 MMbbls from December 15 to 22, 2017, per the EIA.
For the week ending December 15, 2017, US crude oil inventories fell for the fifth straight week. So far, nationwide inventories have fallen 9.8% in 2017.
Baker Hughes published its US crude oil rig report on December 22, 2017. The US crude oil rig count was flat at 747 on December 15–22, 2017.
According to PointLogic, US dry natural gas production rose 0.9% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017.
The EIA estimated that US crude oil production rose by 9,000 bpd (barrels per day) to 9,789,000 bpd on December 8–15, 2017.
According to the EIA, global crude oil supply outages fell by 10,000 bpd (barrels per day) or 0.7% to 1,555,000 bpd in November 2017.
US dry natural gas production was flat at 76.1 Bcf (billion cubic feet) per day on December 7–13, 2017, according to PointLogic.
US distillate inventories fell by 1.3 MMbbls (million barrels) to 128.1 MMbbls on December 1–8, 2017, according to the EIA.
US dry natural gas production fell by 0.5 Bcf per day or 0.7% to 76.2 Bcf per day on November 30–December 6, 2017, according to PointLogic.
According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.
US crude oil production rose by 290,000 bpd (barrels per day) or 3.1% to 9,481,000 bpd in September 2017—compared to the previous month.