|Bid||16.89 x 2700|
|Ask||16.90 x 4000|
|Day's Range||16.68 - 17.09|
|52 Week Range||12.90 - 19.29|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
With commodities rising, some investors are revisiting the asset class. Another way to gain commodities exposure is via commodities-linked equities. In the oil patch, that can include oil services stocks ...
Short interest in Halliburton (HAL) as a percentage of its float is 2.4% as of April 16, 2018, compared to 2.0% a year ago. Since April 17, 2017, short interest in HAL has increased 25%. So, investors have increased negative bets on HAL in the past year. Since April 17, 2017, HAL’s stock price has increased ~4%. HAL’s stock price and short interest as a percentage of float have largely been inversely related since April 2016.
In this article, we’ll look at Wall Street analysts’ forecasts for Baker Hughes, a GE Company (BHGE), before its 1Q18 earnings. Analysts’ rating for Baker Hughes
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.
On April 13, 2018, Schlumberger’s (SLB) implied volatility was 26.6%. Schlumberger released its 4Q17 financial results on January 19, 2018. Since that date, Schlumberger’s implied volatility has increased from 21.0% to 26.6%. Since January 19, SLB’s stock price has fallen nearly 11.0%.
Halliburton’s (HAL) implied volatility was 29.5% on April 13, 2018. On January 22, 2018, the day Halliburton released its 4Q17 earnings, its implied volatility was 23%. Since then, Halliburton’s implied volatility has increased. Halliburton accounts for 3.4% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the energy sector’s oil and gas equipment and services segment. XES has decreased 14% since January 22—compared to a 10% fall in Halliburton’s stock price during the same period. ...
Since 2016, Oil States International’s (OIS) net debt has been negative, as the company’s cash and equivalents have exceeded its total debt. In 2017, OIS’s net debt fell 88% to -$48.1 million from -$22.8 million in 2016 due to a net repayment of ~$42 million in borrowings under a revolving credit facility. OIS’s cash and equivalents fell 22% YoY (year-over-year) in 2017. OIS’s shareholder equity
Between January 19, 2018, when Schlumberger’s (SLB) 4Q17 financial results were released, and April 6, 2018, its implied volatility rose from 21% to 30.7%, and its stock price fell ~16%. SLB makes up 3.3% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the oil and gas equipment and service segment of the energy sector. XES fell ~21% between January 19 and April 6. Schlumberger’s seven-day stock price forecast
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.
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: ...