|Bid||26.02 x 500|
|Ask||27.70 x 100|
|Day's Range||26.72 - 27.38|
|52 Week Range||21.70 - 29.53|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves.
In 1Q18, analysts expect Halliburton (HAL) to post adjusted earnings per share (or EPS) of $0.41. This means Wall Street analysts expect HAL’s adjusted earnings to fall 23% in 1Q18 from the 4Q17 adjusted earnings of $0.53 per share. Despite the management’s expectation of higher prices for its offerings and the positive effects of lower costs from various cost reduction initiatives, a weaker international upstream market could result in a 1Q18 earnings decline. HAL will hold its 1Q18 earnings conference call on April 23, 2018.
The correlation coefficient between Baker Hughes, a GE Company’s (BHGE), stock price and crude oil prices from April 12, 2017, to April 12, 2018, was -0.06. This level indicates a negative relationship between Baker Hughes’s stock and crude oil prices. A negative correlation means the stock’s price moved inverse to the crude oil’s price movement.
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.
Baker Hughes, a GE Company’s (BHGE), one-year returns were -22% as of April 12, 2018. In comparison, since April 13, 2017, the Energy Select Sector SPDR ETF (XLE) increased ~2%. XLE tracks an index of US energy companies. The VanEck Vectors Oil Services ETF (OIH) recorded -12% one-year returns. OIH tracks an index of 25 oilfield equipment and services (or OFS) companies. So BHGE underperformed XLE and OIH in the past year.
Schlumberger’s (SLB) correlation with the price of crude oil from April 6, 2018, to April 13, 2018, was 0.73. So, SLB’s correlation with crude oil was strong in the past week. A strong positive correlation implies that the stock closely tracked crude oil’s moves.
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on April 6–13, 2018, was 0.48. Halliburton and crude oil prices had a strong correlation in the past week.
Between April 5 and April 12, 2018, energy subsector ETFs’ correlations with US crude oil May futures were as follows: the Energy Select Sector SPDR ETF (XLE): 91.8% the SPDR S&P Oil & Gas Exploration & Production ETF (XOP): 90.9% the Alerian MLP ETF (AMLP): 90.5% the VanEck Vectors Oil Services ETF (OIH): 82%
In the week ending April 6, 2018, HSBC revised the target prices and recommendations for two offshore drillers (OIH). In this part, we’ll discuss the revisions and analysts’ consensus recommendations. HSBC reduced the target price for Rowan Companies (RDC) to $15.33 from $17.9.
In week 14, the week ending April 6, 2018, Rowan Companies was the best performer among offshore drilling stocks. The company secured a new contract. As a result, Rowan Companies’ stock price increased last week.
Since 2013, Tenaris’s (TS) net debt has been negative, as the company’s cash and cash equivalents have exceeded its total debt. In 2017, TS’s net debt rose 15% to -$556.6 million from -$1.2 billion in 2016, and its cash and equivalents fell 25%. Tenaris’s shareholder equity
Since 2013, Dril-Quip’s (DRQ) net debt has been negative, as the company has had no debt and positive cash and equivalents. In 2017, DRQ’s net debt was -$493.2 million, and its cash and equivalents rose 16% YoY (year-over-year). In effect, its net debt went further into negative territory in 2017.
A new exchange traded fund aimed at providing diverse asset allocation while limiting volatility debuted Tuesday. The VanEck Vectors Real Asset Allocation ETF (NYSE: RAXX) provides exposure to real assets ...
Schlumberger’s (SLB) correlation with crude oil from March 29 to April 6, 2018, was very strong, at 0.97. A strong positive correlation implies that the stock closely tracked crude oil’s moves. Schlumberger’s correlation with the VanEck Vectors Oil Services ETF (OIH) in that week was 0.98. OIH represents the oilfield equipment and service industry. SLB’s correlation with crude oil and its implications
Halliburton (HAL) stock’s correlation coefficient with the price of crude oil from March 29, 2018, to April 6, 2018, was 0.95. That shows that Halliburton and crude oil were strongly correlated in the past week.
Schlumberger’s (SLB) one-week return was -0.6% on April 6, 2018. In that week, the Energy Select Sector SPDR ETF (XLE), which tracks an index of US energy companies, fell 0.1%, and the VanEck Vectors Oil Services ETF (OIH), which tracks an index of 25 oilfield equipment and service companies, rose 0.1%. Whereas SLB underperformed XLE and OIH, it outperformed the SPDR S&P 500 ETF (SPY), which fell 1.3%. SLB accounts for 0.40% of SPY. Check out all the data we have added to our quote pages. ...
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.
On March 29–April 6, 2018, US equity indexes had the following performances: The S&P 500 Index (SPY) fell 1.4%. The Dow Jones Industrial Average Index (DIA) fell 0.7%. The S&P Mid-Cap 400 Index (IVOO) fell 1.3%.
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: ...