|Bid||3.47 x 800|
|Ask||3.79 x 45100|
|Day's Range||3.46 - 3.61|
|52 Week Range||3.15 - 10.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.13|
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the leading gains and losses this week.
In the first quarter, nine hedge funds were “buyers” of Legacy Reserves LP (LGCY) stock, while 12 hedge funds were “sellers.” In the first quarter, the total selling hedge funds outnumbered the total buying hedge funds by three. As of March 31, three hedge funds, which filed form 13F, held Legacy Reserves in their portfolio. None of the hedge funds have Legacy Reserves in their top ten holdings.
Now, we’ll discuss the top percentage losses from the oilfield services sector in the US on May 14–16. To compile the list of the top oilfield services losses, we used oilfield services companies with a market capitalization of greater than $100 million and an average volume greater than 100,000 shares last week. In the current week starting on May 14, Flotek Industries (FTK) is the top declining stock from the oilfield services sector.
Flotek Industries’ (FTK) YTD returns were -27.3% as of May 15. In comparison, the Energy Select Sector SPDR ETF (XLE) has increased ~7.0% YTD. XLE tracks an index of US energy companies in the S&P 500 Index. The VanEck Vectors Oil Services ETF (OIH) has witnessed 9.2% YTD returns. OIH tracks an index of 25 OFS companies. The SPDR S&P 500 ETF (SPY), which represents the broader market, has produced 1.6% returns during the same period. So, Flotek Industries underperformed the OFS industry ETF and the broader energy industry ETFs.
The Houston-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 1 cent per share. The oilfield services company posted revenue ...
HOUSTON , May 9, 2018 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three months ended March 31 , 2018. Highlights ...
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price was 0.81 on April 20–27. Halliburton and crude oil prices had a strong correlation in the past week.
MicroSolv™ Delivers Cost-Effective Performance HOUSTON , April 25, 2018 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK), a leading developer and distributor of prescriptive chemistry-based technology, ...
Meanwhile, Halliburton (HAL) affirmed increased activity in the U.S. shale, driven by strong oil and gas production in response to an improving crude environment.
Shares of Flotek Industries Inc. plunged 37.5% in active afternoon trade Monday to pace the NYSE's decliners, putting them on track to close at a 7 1/2-year low, after the chemical company provided a downbeat first-quarter outlook. "While we continued to focus on fixed cost reductions, our efforts did not keep pace with revenue declines." The stock is on track to close below the $4 mark for the first time since December 2010.
Energy Chemistry Technologies ("ECT") segment revenues are expected to be in the $40 million - $42 million range and Consumer and Industrial Chemistry Technologies ("CICT") segment revenues are expected to be in the $19 million - $20 million range. Flotek expects to report negative EBITDA (non-GAAP) for the first quarter. John Chisholm, Flotek's Chairman, President and Chief Executive Officer commented, "At the start of the quarter, our revenues were impacted by weather-related delays in activity.
A surge in North American directional land drilling operations and IPS contracts support Schlumberger's (SLB) first-quarter results.
The Zacks Analyst Blog Highlights: Flotek Industries, Nine Energy Service, Baytex Energy, Mammoth Energy Services and CNOOC
Restriction of methane leakage will help BP to considerably lower carbon dioxide emission through 2025 by roughly 3.5 million tonnes.
Eni (E) projects natural gas reserves in offshore Algeria to be more profitable and intends to allocate capital toward its development.
The correlation coefficient between Baker Hughes, a GE Company’s (BHGE), stock price and crude oil prices from April 12, 2017, to April 12, 2018, was -0.06. This level indicates a negative relationship between Baker Hughes’s stock and crude oil prices. A negative correlation means the stock’s price moved inverse to the crude oil’s price movement.
Halliburton’s (HAL) stock price correlation coefficient with crude oil’s price on April 6–13, 2018, was 0.48. Halliburton and crude oil prices had a strong correlation in the past week.
Successful completion of the first phase of Atlanta EPS project increases the chances of McDermott (MDR) getting awarded with the subsequent contracts from Queiroz Galvao.
Halliburton (HAL) stock’s correlation coefficient with the price of crude oil from March 29, 2018, to April 6, 2018, was 0.95. That shows that Halliburton and crude oil were strongly correlated in the past week.
The Zacks Analyst Blog Highlights: Westell Technologies, Flotek Industries, Arcos Dorados Holdings, Houston Wire & Cable and Limelight Networks