44.95 0.00 (0.00%)
After hours: 6:06PM EST
|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||44.47 - 45.10|
|52 Week Range||34.99 - 75.43|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||29.38|
|Earnings Date||Apr 18, 2019|
|Forward Dividend & Yield||2.00 (4.53%)|
|1y Target Est||53.85|
in the 'Lightning Round' of Mad Money last night, Jim Cramer replied, "I don't like offshore drilling, it's been a real loser. In this daily bar chart of SLB, below, we can see that prices have eroded from a high back in May. SLB made a low in late December and has shown some improvement. The trading volume was heavy in December as prices reached a low point but it has weakened the past six weeks.
Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices. The energy sector was the best performing of the S&P 500's 11 key sectors, with the SPDR Energy Select Sector ETF climbing 2.0% with all 30 equity components gaining ground. The biggest gainer was Newfield Exploration Co.'s stock , which ran up 4.5%. Among other more-active components, shares of Marathon Oil Corp. advanced 2.5%, Kinder Morgan Inc. rose 1.5%, Exxon Mobil Corp. tacked on 1.2%, Schlumberger NV climbed 2.3%, and Chevron Corp. gained 1.3%. Meanwhile, crude oil futures ran up 2.0%. The energy ETF has hiked up 13.9% year to date, while the S&P 500 has rallied 10.1%.
U.S. equities are surging higher again on Tuesday, pushing the Dow Jones Industrial Average off of support near its 200-day moving average to close in on highs set earlier in the month.Catalysts for the optimism include reports of a tentative agreement on border security ahead of a Friday deadline to avoid another government closure, ongoing hopes for a U.S.-China trade deal and ongoing dovish vibes from the Federal Reserve. The Q4 earnings season is winding down as well, which is opening up the share buyback window allowing corporate executives to load up their balance sheets with their own shares once more. * 10 Best Dividend Stocks to Buy for the Next 10 Months While high-growth stocks in areas like technology are leading the way higher, the more conservative dividend stocks are coming along for the ride too. Here are five dividend stocks paying a dividend of 4% or more that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Mobil (XOM) Click to EnlargeShares of Exxon Mobil (NYSE:XOM) are enjoying a lift off of support near its 50-day moving average, setting up a run at the 200-day average that hasn't been crossed since December. The company, which pays a 4.4% dividend yield, is benefiting from signs of lift from crude oil as it forms an inverse head-and-shoulders reversal pattern that traces a rally back to levels seen in late October.The company will next report results on May 3 before the bell. Analysts are looking for earnings of 85 cents per share on revenues of $70.4 billion. When the company last reported on Feb. 1, earnings of $1.44 per share beat estimates by 35 cents on an 8.1% rise in revenues. Chevron (CVX) Click to EnlargeShares of Chevron (NYSE:CVX), which pay a 4.1% dividend yield, are challenging their 200-day moving average to cap a near-19% rise off of its late December low. Watch for an extension to the early October high near $126 a share, which would be worth a gain of more than 8% from here. * 10 Stocks That Every 20-Year-Old Should Buy The company will next report results on May 3 before the bell. Analysts are looking for earnings of $1.43 per share on revenues of $38.3 billion. When the company last reported on Feb. 1, earnings of $1.95 beat estimates by 6 cents per share on a 12.6% rise in revenues. Philip Morris (PM) Click to EnlargeShares of Philip Morris (NYSE:PM) have climbed back up and over their 200-day moving average, capping a rise of 23% from the lows seen in late December. The company, which carries a juicy 5.8% dividend yield, has benefited from regulatory and popular scrutiny of new e-cig competitors from the likes of Juul.The company will next report results on May 9 before the bell. Analysts are looking for earnings of $1.03 per share on revenues of $6.8 billion. When the company last reported on Feb. 7, earnings of $1.25 beat estimates by 9 cents per share despite a 9% drop in revenues. IBM (IBM) Click to EnlargeIBM (NYSE:IBM) shares are extending their recent recovery above their 200-day moving average, closing the gapped move lower that they suffered from in the middle of October. IBM stock, which carries a 5.7% dividend yield, is benefiting from a turnaround in sales momentum and positive forward guidance issued by management. * 7 Forever Stocks to Buy for Long-Term Gains The company will next report results on April 23 after the close. Analysts are looking for earnings of $2.2 per share on revenues of $18.8 billion. When the company last reported on Jan. 22, earnings of $4.87 per share beat estimates by 5 cents on a 3.5% decline in revenues. Schlumberger (SLB) Click to EnlargeShares of Schlumberger (NYSE:SLB) are consolidating their recent push above their 50-day moving average, setting up a run at the 200-day average that hasn't been touched since back in August. The company reported a 17% increase in revenues for its production segment while drilling revenue increased by 10% as U.S. shale producers continue to ramp up.The company will next report results on April 18 before the bell. Analysts are looking for earnings of 30 cents per share on revenues of $7.9 billion. When the company last reported on Jan. 18, earnings of 36 cents per share missed estimates by 2 cents on flat revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 5 Dividend Stocks Making Meaningful Moves Higher appeared first on InvestorPlace.
Schlumberger Limited (SLB) will hold a conference call on April 18, 2019 to discuss the results for the first quarter ending March 31, 2019. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis.
Oil Prices: Is the Rebound Sustainable?(Continued from Prior Part)Oil rig count and US crude oil productionLast week, the oil rig count rose by seven to 854. The rig count tends to follow US crude oil prices with a three to six-month lag. On
Venezuela's state-run oil company PDVSA [PDVSA.UL] is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO (GZPRI.MM), according to sources and an internal document seen by Reuters on Saturday. PDVSA's move comes after the United States imposed tough, new financial sanctions on Jan. 28 aimed at blocking Venezuela's President Nicolas Maduro's access to the country's oil revenue.
Schlumberger Ltd. (NYSE: SLB) has promoted Olivier Le Peuch to COO, effective immediately, according to a Feb. 8 press release. As COO, Le Peuch will oversee day-to-day management of all worldwide operations for Schlumberger, per the release. A Schlumberger spokesperson told the Houston Business Journal that would be for the board to decide, but "Schlumberger historically has had the practice of appointing COOs prior to naming successor CEOs." In Le Peuch’s most recent role, executive vice president of reservoir and infrastructure, he was responsible for the management of the Cameron product lines, including OneSubsea, as well as some of Schlumberger’s other technology products lines.
Le Peuch has previously served as the president of Schlumberger's oilfield equipments making unit Cameron Group. The appointment marks the formal beginning of CEO succession, wrote Jefferies analyst Brad Handler in a note. "That process comes earlier than we expected given Paal's age and the recent downturn", he added.
Schlumberger (SLB) announced today that its Board of Directors has appointed Olivier Le Peuch as Chief Operating Officer of Schlumberger Limited, effective immediately. Reporting to Paal Kibsgaard, Chairman and Chief Executive Officer, Le Peuch will be responsible for the day-to-day management of all worldwide operations. Previously, Le Peuch was Executive Vice President Reservoir & Infrastructure, responsible for the management of the Cameron product lines, including OneSubsea, as well as some of Schlumberger’s leading technology products lines, including Software Integrated Solutions and Schlumberger Land Rigs.
Russia's anti-monopoly service (FAS) said on Wednesday that various forms of cooperation were still possible with oilfield services giant Schlumberger despite the company's bid for Eurasia Drilling Company falling apart. Schlumberger said on Tuesday it would continue to look for ways to work in Russia's onshore drilling market, a day after FAS announced that the firm had withdrawn its bid for a stake in EDC. "The acquisition of a 49 percent stake is far from the only way (for cooperation)...other forms of cooperation are possible, the optimisation of Schlumberger's activity on the Russian market," Andrei Tsyganov, FAS deputy head, told reporters.
Integrated majors ExxonMobil (XOM), Chevron (CVX) and Royal Dutch Shell (RDS.A) reported fourth-quarter earnings that improved year over year and came above the Zacks Consensus Estimate.
Will US Crude Oil Maintain the $54 Level on February 5?(Continued from Prior Part)Oil rig count and US crude oil productionLast week, the oil rig count fell by 15 to 847. The rig count tends to follow US crude oil prices with a three to six-month
U.S. oilfield services giant Schlumberger said on Tuesday it will continue looking for alternative ways to work in Russia's onshore drilling market despite its bid for Eurasia Drilling Company falling ...
U.S. oilfield services giant Schlumberger has withdrawn its bid for Russia's Eurasia Drilling Company , the RIA news agency reported on Monday, citing Russia's Federal Anti-monopoly Service . Schlumberger ...
Baker Hughes has set itself apart from its closest competitors thanks to its exposure to key oil and gas regions overlooked by other oilfield services companies
The United States is aiming to freeze sale proceeds from Venezuelan state-run oil firm PDVSA's exports of roughly 500,000 barrels per day (bpd) of crude to the United States. There is also a prohibition on U.S firms exporting diluents - unfinished oils used for blending extra heavy crude - to Venezuela.
Helmerich & Payne's Q1 Results and 2019 OutlookHelmerich & Payne’s first-quarter resultsHelmerich & Payne (HP) reported its first-quarter results on January 29. The company will hold a conference call to discuss its results on January
The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, RPC, Chesapeake Energy and Diamondback Energy