|Bid||0.00 x 900|
|Ask||0.00 x 3200|
|Day's Range||66.86 - 67.52|
|52 Week Range||61.02 - 80.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 20, 2018|
|Forward Dividend & Yield||2.00 (2.98%)|
|1y Target Est||78.69|
In the week that ended on July 13, Schlumberger’s (SLB) correlation with crude oil was 0.69. This strong correlation implied that the stock was closely tracking crude oil’s movements. Last week, Schlumberger’s correlation with the VanEck Vectors Oil Services ETF (OIH) was 0.92.
Schlumberger (SLB) released its first-quarter financial results on April 20. Between April 20 and July 13, Schlumberger’s implied volatility fell from ~24% to 23.2%. The company’s stock price fell 1.7% during the same period.
In the week that ended on July 13, Schlumberger (SLB) stock rose 1.6%. In comparison, the Energy Select Sector SPDR ETF (XLE), which tracks an index of US energy companies, rose 0.8% from July 6 to July 13.
RIO DE JANEIRO/HOUSTON, July 16 (Reuters) - Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate to replace him at the world's largest oil services firm, three people familiar with the matter told Reuters. Stephane Biguet, currently vice president of finance, is the frontrunner to replace Ayat, according to the people who declined to be named because the matter is not yet public. Schlumberger declined to comment.
It is not too late to buy oil companies that are spending to find more petroleum -- and servicers like Schlumberger that are also set to benefit.
a month ago where I wrote that, "Traders and investors could begin to probe the long side of SLB in the $68-$72 area." Taking a longer-term view of the price action, I like the way things are shaping up. In this updated daily bar chart of SLB, below, we can see a pattern of higher lows from November - a higher low in early April and a higher low in June, I believe. The daily On-Balance-Volume (OBV) line shows a similar pattern of higher lows from December.
Short interest in Schlumberger (SLB) as a percentage of its float was 1.65% as of July 3, compared to 1.61% on the same day last year. Since July 3, 2017, short interest in SLB has increased 2%. During the same period, SLB stock has fallen 2.6%.
Schlumberger’s (SLB) first-quarter financial results were released on April 20. Between April 20 and July 3, its implied volatility has increased from 24% to 25%, and SLB stock has fallen 5%. SLB’S current IV (implied volatility) is higher than its past two-year average of 21.2%. Stock price forecast for Schlumberger
Schlumberger’s Production group witnessed the highest YoY (year-over-year) revenue growth of 35% in the first quarter, followed by Drilling with a 7.1% rise and Cameron with a 5% rise. On the other hand, the Reservoir Characterization group saw a 3.8% fall in revenue during the same period. By geography, Schlumberger’s revenue from North America did much better YoY in the first quarter, increasing 51.5%.
What does Schlumberger management think? Schlumberger (SLB) management expects higher pressure pumping activity, led by stronger hydraulic fracturing in 2018. In the company’s first-quarter earnings call, its chair and CEO Paal Kibsgaard commented, “We also see continued growth throughout 2018 in our North America land pressure pumping business, driven by strong underlying activity as well as market share gains, as we deployed a further 1 million horsepower over the course of 2018.
In the second quarter of 2018, analysts expect Schlumberger (SLB) to report $0.43 adjusted EPS. SLB is scheduled to hold its Q2 2018 earnings conference call on July 20. In the first quarter, Schlumberger’s adjusted EPS marginally exceeded analysts’ consensus EPS.
A growing fleet of ships is scanning oceans in search of new oil and gas fields as energy companies, now with more cash thanks to stronger crude prices, gradually resume spending on seismic services after a four-year downturn. A doubling in the area contracted for seismic work in the first quarter this year from the last three months of 2017 has injected optimism into surveillance firms, with a global fleet of about 24 vessels, most of whom struggled to survive in the past years.
How Did the Market View Schlumberger on June 29? In the week ended June 29, Schlumberger’s (SLB) correlation with crude oil was 0.92. The strong correlation implies that the stock closely tracked crude oil’s movements.
Schlumberger’s (SLB) first-quarter financial results were released on April 20. From April 20 to June 29, Schlumberger’s implied volatility has remained nearly unchanged at ~24.0%. The company’s stock price decreased 3.2% during this period.
In the week ended June 29, Schlumberger (SLB) stock rose 0.7%. In comparison, the Energy Select Sector SPDR ETF (XLE), which tracks an index of US energy companies, increased 1.1%.
This article is a part of InvestorPlace’s Best ETFs for 2018 contest. Kent Thune’s pick for the contest is the Energy Select Sector SPDR (NYSEARCA:XLE). Among our list of the 10 Best ETFs for 2018, Energy Select Sector SPDR has the distinction of having the widest range of ranking on the list in the first half of the year, in addition to having great momentum going into the second half.
This Monday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Equipment & Services equities: Schlumberger Ltd (NYSE: SLB), Superior Energy Services Inc. (NYSE: SPN), TETRA Technologies Inc. (NYSE: TTI), and Weatherford International PLC (NYSE: WFT). All you have to do is sign up today for this free limited time offer by clicking the link below.
Crude oil prices have picked up the pace this year, rising to levels not seen since late 2014. As the crude rally is expected to continue the energy sector will get a boost, but investors may want to start getting choosy with their picks. On the oil services side, two of Gilbert’s favorites are Halliburton Co. ( HAL) and Schlumberger NV ( SLB), and on the exploration and production side, Devon Energy Corp. ( DVN) and Anadarko Petroleum Corp. ( APC) are two stocks to keep an eye on.
Shell (RDS.A) committed to the Fram gas field in the North Sea, Baytex Energy (BTE) agreed to buy Raging River Exploration and Petrobras (PBR) lost a wage dispute.
Crude-oil investors seem to be suffering a wicked hangover from the weekend Viennese party—one where the Organization of the Petroleum Exporting Countries, or OPEC, and non-OPEC countries agreed to hike production output in the coming months. In a press release, the group announced the intention to reach 100% compliance on its target output, which based on May production figures, suggests roughly 700,000 barrel per day will be added to the market. Brent crude, the global benchmark, slipped more than 1% to about $74, closing the preexisting $10 gap between it and West Texas Intermediate crude, which is roughly flat at $68.