|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||33.17 - 33.97|
|52 Week Range||31.48 - 49.08|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (0.56%)|
|1y Target Est||N/A|
In this series, we’re discussing analysts’ recommendations for oilfield services stocks. So far, we’ve discussed analysts’ recommendations for Halliburton (HAL), TechnipFMC (FTI), and Baker Hughes (BHGE). Among the 36 analysts surveyed by Reuters covering Schlumberger (SLB), seven rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”
Oilfield services stocks have mainly been weak in 2018. The stocks fell significantly in the past month. The VanEck Vectors Oil Services ETF (OIH) has hit a 15-year low. Top oilfield services stocks Schlumberger (SLB), Haliburton (HAL), and TechnipFMC (FTI) hit new 52-week lows on November 13. The three stocks have fallen 32%, 35%, and 26%, respectively, YTD (year-to-date).
ANGI HomeServices, National Oilwell Varco, Home Depot, Macy's and Lowe's highlighted as Zacks Bull and Bear of the Day
The Zacks Analyst Blog Highlights: TOTAL S.A., ConocoPhillips, Valero Energy, National Oilwell Varco and Denbury Resources
Energy biggies TOTAL S.A. (TOT), ConocoPhillips (COP) and Valero Energy (VLO) reported third-quarter earnings that came above the Zacks Consensus Estimate.
A slowdown in the oil patch caused the oilfield equipment maker to report weaker-than-anticipated results, but it sees better days again.
National Oilwell Varco's (NOV) bottom line witnessed a solid rebound from the year-ago quarter's loss on robust results from its Rig Technologies segment.
National Oilwell Varco (NOV) reported its third-quarter earnings on October 25 after the markets closed. The company’s reported EPS of $0.00 missed analysts’ estimates of $0.12 for the quarter. NOV’s EPS in Q3 2017 was -$0.07. National Oilwell Varco also missed its Q3 revenue estimates by 2.5%. The stock fell 5.4% in after-hours trading.
National Oilwell Varco (NOV) delivered earnings and revenue surprises of -100.00% and -2.45%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Houston-based company said it had profit of less than 1 cent on a per-share basis. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. ...
National Oilwell Varco (NYSE: NOV ) unveils its next round of earnings this Thursday, Oct. 25. Get prepared with Benzinga's ultimate preview for National Oilwell Varco's Q3 earnings. Earnings and Revenue ...
Similar to the last reported quarter, the energy sector is poised to record the highest growth among all sectors in the third quarter.
Halliburton (HAL) reported its third-quarter earnings results on October 22. Halliburton’s EPS fell 14% sequentially and rose 19% year-over-year in the quarter. Its reported revenue of $6.172 billion beat analysts’ consensus estimate of $6.133 billion.
While National Oilwell (NOV) is likely to benefit from a strong show of the onshore-levered business, its offshore-focused segment may limit overall Q3 earnings.
So far, Halliburton (HAL) has fallen ~20% in 2018. The company has underperformed its peers during this period. Schlumberger (SLB) and Baker Hughes (BHGE) have fallen 14% and 5%, respectively, during the same period. National Oilwell Varco (NOV) has risen 15% YTD (year-to-date). The VanEck Vectors Oil Services ETF (OIH) has fallen 8% during the same period. Halliburton fell significantly after its second-quarter earnings. The company announced that it expects temporary softness in the North America market.
Halliburton (HAL) is scheduled to release its third-quarter earnings on October 22. Analysts expect Halliburton’s EPS to be 49.1 cents in the third quarter—16.9% higher than the company’s EPS in the third quarter of 2017. The expected EPS is 15.3% lower than Halliburton’s EPS in the second quarter. Halliburton beat its EPS estimates in nine of the last ten quarters.
Dril-Quip (NYSE:DRQ) has been range-bound for the past several months and I expect the trend to continue with a bias to the upside going into the earnings call on Oct. 26. Several of its competitors include Baker Hughes (NYSE:BHGE), National Oilwell Varco (NYSE:NOV) and Superior Energy Services (NYSE:SPN). Like its competitors, Dril-Quip has suffered from falling oil prices as well as the downturn in offshore drilling equipment and services.