9.81 0.00 (0.00%)
After hours: 4:37PM EDT
|Bid||8.90 x 100|
|Ask||9.99 x 100|
|Day's Range||9.73 - 9.92|
|52 Week Range||7.66 - 12.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.48|
As of January 19, the short interest in ION Geophysical (IO) as a percentage of its float was 8.9%—compared to 6.4% as of January 1. Since January 1, the short interest in ION Geophysical has increased 72%. Investors have increased their negative bets on ION Geophysical YTD (year-to-date). The stock price has increased 29.4% YTD.
In this article, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) stock before its Q2 2018 earnings release, which is scheduled to take place on July 23.
In the previous part, we discussed the top gainers in the current week. To compile the list of top oilfield services losses, we used oilfield services companies with a market capitalization of over $100 million and an average volume over 100,000 shares last week. Core Laboratories (CLB) is the top declining stock from the oilfield services sector this week.
Saudi Arabia is OPEC’s largest oil producer. Reuters estimates that Saudi Arabia’s crude oil production increased by 700,000 bpd (barrels per day) to 10,700,000 bpd in June—compared to the previous month. Saudi Arabia’s production is at the highest level since November 2016.
NOC (National Oil Corporation) is Libya’s state-owned oil company. On July 2, NOC announced a force majeure on loadings from its Zueitina and Hariga ports. The expected production loss is ~850,000 bpd (barrels per day) due to the shutdown of Libya’s eastern oilfields and ports.
As of June 28, the short interest in Superior Energy Services (SPN) as a percentage of its float was 7.9%—compared to 15.4% as of June 28, 2017. Since June 28, 2017, the short interest in Superior Energy Services has fallen 48%. So, investors decreased their negative bets on Superior Energy Services in the past year. In the past year, Superior Energy Services’ stock price has decreased 6.8%.
Superior Energy Services’ (SPN) correlation with crude oil’s price on March 28–June 28 was 0.62. The correlation represents a strong positive relationship between Superior Energy Services stock and crude oil prices. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
As of June 28, Superior Energy Services’ (SPN) implied volatility was 52%. Since April 24 when Superior Energy Services’ first-quarter financial results were released, its implied volatility has decreased from 53% to the current level. Since April 24, the company’s stock price has decreased nearly 2%. Stock price forecast
Superior Energy Services’ (SPN) one-year returns were -6.8% until June 28. Since June 29, 2017, the Energy Select Sector SPDR ETF (XLE) has increased 16.8%. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) had 6.6% one-year returns. OIH tracks an index of 25 oilfield equipment and services companies. So, Superior Energy Services underperformed XLE and OIH in the past year.
As of June 26, the short interest in Baker Hughes, a GE Company (BHGE), as a percentage of its float was 5.3%—compared to 3.2% as of June 26, 2017. Since June 26, 2017, the short interest in Baker Hughes has increased 66%. So, investors increased the negative bets on Baker Hughes in the past year. Baker Hughes’s stock price has decreased 11% in the past year.
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.
NEW YORK, June 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of MannKind ...
Previously, we discussed the top oilfield service stocks this week by percentage gain. In this part, we’ll look at the weakest oilfield service stocks. We’ll focus on oil and gas producers with a market capitalization greater than $100 million and an average trading volume over 100,000 shares last week.
Superior Energy Services Inc’s (NYSE:SPN): Superior Energy Services, Inc. provides oilfield services and equipment to oil and natural gas exploration and production companies in the United States, the Gulf ofRead More...
On June 21, short interest in Oceaneering International (OII) as a percentage of its float was 9.1% compared to 11.2% on June 21, 2017.
HOUSTON, June 25, 2018-- Superior Energy Services, Inc. announced today that it will release its second quarter 2018 results on Tuesday, July 24, 2018 after the market closes. In conjunction with the release, ...
Saudi Arabia is OPEC’s largest oil producer. Saudi Arabia’s crude oil production increased by 60,000 bpd (barrels per day) to 10,120,000 bpd in May—compared to the previous month. The production was near a five-month high. The production also increased by 70,000 bpd or 0.7% from a year ago.
In this article, we’ll look at Wall Street analysts’ forecasts for CARBO Ceramics (CRR) as of June 13, 2018. Analysts’ rating for CARBO Ceramics
Stock Research Monitor: SLB, SPN, and TTI LONDON, UK / ACCESSWIRE / June 5, 2018 / If you want a free Stock Review on WFT sign up now at www.wallstequities.com/registration . On Monday, benchmark US indices ...
Baker Hughes, a GE Company (BHGE), released its US crude oil rig count report on June 1. Baker Hughes reported that the US crude oil rig count rose by two to 861 on May 25–June 1—the highest level since March 13, 2015. The US oil rigs have also increased by 128 or ~18% from a year ago.
Short interest in Schlumberger (SLB) as a percentage of its float was 1.50% on May 25, compared to 1.47% on May 26, 2017. Since May 26, 2017, short interest in SLB has increased 1.4%. So, investors have increased their negative bets on Schlumberger marginally in the past year. As noted in the graph below, SLB’s stock price and short interest as a percentage of float have mostly been inversely related since May 2016.
In this part of our series, we’ll look at Wall Street analysts’ forecasts for Keane Group (FRAC) as of May 25. Analysts’ rating for Keane Group
Of the analysts tracking NOW (DNOW) on May 23, ~36% recommended “buy” or some equivalent, 64% recommended “hold,” and none recommended “sell.” DNOW comprises 0.09% of the iShares Core S&P Mid-Cap ETF (IJH), which provides exposure to the oil and gas equipment and service segment. Between February 23 and May 23, the percentage of analysts recommending “buy” or some equivalent for DNOW rose from 33% to 36%, while “hold” recommendations fell. Analysts’ mean target price for DNOW on May 23 was $14.10, implying a ~3% downside based on its price of ~$14.60.
Schlumberger’s (SLB) cash from operating activities (or CFO) decreased ~13% in the first quarter from a year ago. SLB generated $568 million in CFO. Despite the increase in revenues in the past year, adverse changes in working capital mainly led to the decrease in SLB’s CFO. Schlumberger’s free cash flow and capex