43.32 +0.01 (0.02%)
Pre-Market: 7:37AM EST
|Bid||43.15 x 4000|
|Ask||43.45 x 1200|
|Day's Range||42.71 - 44.19|
|52 Week Range||34.99 - 79.09|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 18, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||2.00 (4.83%)|
|1y Target Est||53.85|
Halliburton on Tuesday saw its shares drop as much as 6.7 percent after forecasting a decline in first-quarter fracking earnings and announcing a cut in capital expenditure. The dip comes days after arch-rival Schlumberger surged the most in seven years after also announcing a similar spending cut. Despite forecasting a modest recovery in actual fracking activity in the current quarter after a decline in the final three months of 2018, the pressure on pricing will remain, Halliburton Chief Executive Officer Jeff Miller said on a conference call with analysts and investors.
* John Kemp is a Reuters market analyst. LONDON, Jan 22 (Reuters) - U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Information Administration. U.S. crude and condensates production is estimated to have risen by almost 1.6 million barrels per day last year, according to the agency, the largest annual increase in history.
Schlumberger, the world’s largest oilfield services company, is warning of a more ‘conservative approach’ to shale spending and other far-reaching problems in the U.S. shale patch
has firmed up the past few weeks and a number of our favorite technical indicators have improved too. In the daily bar chart of Action Alerts PLUS holding SLB, below, we can see both a decline from $80 to $35 but as well a rebound from $35 to $45. Prices have gapped above the bottoming 50-day moving average line with increased trading volume -- a bullish signal.
The SPDR Energy Select Sector ETF dropped 2.1% Tuesday, with all components trading lower, following disappointing earnings from Halliburton Co. and as concerns over a global economic slowdown triggered weakness in oil prices. Halliburton's stock was the energy ETF's (XLE) biggest decliner, as it slumped 5.0% despite earnings and revenue that topped expectations, with some analysts citing somewhat downbeat guidance for its North America business and margin headwinds. Among the XLE's other more-active components, shares of Schlumberger Ltd. sank 2.1%, Kinder Morgan Inc. dropped 1.4% and Marathon Oil Corp. shed 2.3%. Meanwhile, crude oil futures slid 2.8%. The XLE has now dropped 11.6% over the past three months, while crude futures have tumbled 24% and the S&P 500 has slipped 4.6%.
Strong activity in international markets helped the Houston-based oilfield services provider gift investors an estimate-beating quarter.
Although Schlumberger Limited (NYSE: SLB ) reported a decline in Q4 earnings Friday, this was in-line with expectations. Against the backdrop of a significantly weaker North American market , the company ...
Schlumberger (SLB) reported fourth-quarter earnings that matched the Zacks Consensus Estimate, while Royal Dutch Shell (RDS.A) is contemplating the acquisition of sustainable energy provider Eneco.
# Schlumberger NV ### NYSE:SLB View full report here! ## Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for SLB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SLB. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $2.57 billion over the last one-month into ETFs that hold SLB are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Positive The current level displays a positive indicator. SLB credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
NEW YORK, NY / ACCESSWIRE / January 22, 2019 / U.S. markets closed up on Friday for the fourth consecutive session amidst optimism over the U.S.-China trade talk. The Dow Jones advanced 1.38 percent to ...
Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping binge for American goods, diminishing concerns about a brake on economic growth. Meanwhile, U.S. factory output expanded by the most in 10 months and the International Energy Agency forecast another year of growth in oil demand.
posted stronger-than-expected fourth-quarter revenue Friday, and declared a 50 cent share dividend, even as it cautioned that recent oil price volatility has added more uncertainty into its 2019 outlook. Schlumberger said adjusted earnings for the three months ended in December came in at 36 cents a share, largely in-line with the consensus forecast. "Looking forward to 2019, we expect a more positive supply- and demand-balance sentiment to lead to a gradual recovery in the price of oil over the course of the year, as the OPEC and Russia cuts take full effect," CEO Paal Kibsgaard said.
Schlumberger earnings met views and the oil services giant sees a delayed spending recovery. But Schlumberger stock rose as crude oil prices jumped.
** Schlumberger NV said it would withdraw its application for the acquisition of a stake in Russia's Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. ** The chief executive officer of Canadian oil producer MEG Energy Corp invited his counterpart at Husky Energy Inc earlier this month to negotiate a friendly takeover of MEG but Husky did not follow up, MEG's vice president of investor relations, John Rogers, said.
Oil services stocks and oil ETFs were leading the pack Friday after the Organization of Petroleum Exporting Countries revealed plans to cut production, progress in the U.S.-China trade negotiations and ...
Schlumberger earnings (NYSE:SLB) were released early in the day Friday, unveiling a profit that met what the Wall Street consensus estimate was calling for, while the company's revenue came in ahead of expectations, helping to lift SLB stock. For its fourth quarter of its fiscal 2018, the Houston, Texas-based oilfield service company said that it brought in earnings of 36 cents per share, which marked a 25% decline compared to the company's profit in its year-ago quarter. Analysts were projecting the company to amass earnings of 36 cents per share, according to data compiled by Zacks Investment Research. Schlumberger added that its revenue for the period came in at $8.18 billion, which was roughly flat when compared to its fourth quarter of its fiscal 2017. The Wall Street consensus estimate was looking for the company to bring in revenue of $8.06 billion. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company added that it experienced weakness in North America, which led to a 4% sequential sales decline. Schlumberger said that for its fiscal 2019, it sees its capital spending as being roughly in the range of $1.5 billion to $1.7 billion, below the $2.2 billion from its fiscal 2018, due in part to the company expecting an industry recovery in exploration and production spending. "The recent oil price volatility has introduced more uncertainty around the E&P spending outlook for 2019, with customers generally taking a more conservative approach at the start of the year," CEO Paal Kibsgaard said in the press release. SLB stock was surging roughly 8.2% on Friday following the company's strong quarterly showing. ### More From InvestorPlace * 7 Stocks to Buy as the Dollar Weakens * 10 Growth Stocks With the Future Written All Over Them * 8 Dividend Stocks With Growth on the Horizon Compare Brokers The post Schlumberger Earnings: Why SLB Stock Is Surging Today appeared first on InvestorPlace.
The number of working oil rigs plunged by 21 this week to 852, the lowest since late May, according to data released Friday by oilfield-services provider Baker Hughes. Schlumberger Ltd. earlier on Friday predicted a slump in North American shale investment this year and slashed its 2019 spending plan to conserve cash. In fact, the rig fleet may continue to shrink, according to Colin Davies, an analyst at Sanford C. Bernstein & Co.