|Bid||51.69 x 400|
|Ask||51.70 x 400|
|Day's Range||50.73 - 51.85|
|52 Week Range||38.18 - 57.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 23, 2018 - Apr 27, 2018|
|Forward Dividend & Yield||0.72 (1.51%)|
|1y Target Est||61.52|
Weatherford International’s (WFT) implied volatility was 63.3% on April 24, the day its 1Q18 financial results were released. On February 2, the day Weatherford released its 4Q17 earnings, its implied volatility was 57%. Since then, Weatherford’s implied volatility has increased. WFT is 3.1% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment of the energy sector. XES remained unchanged since February 2, versus a 21% fall in WFT’s stock price. ...
In this article, we’ll look at Wall Street’s forecasts for Halliburton (HAL) stock following its 1Q18 earnings release. Of the analysts tracking Halliburton on April 23, the day Halliburton released its 1Q18 earnings results, ~88% recommended “buy” or some equivalent and ~12% recommended “hold.” There were no “sell” recommendations.
Weatherford International (WFT) released its financial results for 1Q18 on April 24. WFT’s stock price reacted positively, rising 6.6% yesterday to $2.76 from the previous day’s close and strongly outperforming the 1.4% fall in crude oil prices. Earnings exceeding estimates could have boosted WFT’s stock price yesterday. The VanEck Vectors Oil Services ETF (OIH) fell 0.8%. OIH tracks an index of 25 oilfield equipment and services companies.
Between April 16 and April 23, Halliburton (HAL) stock’s price correlation with crude oil was 0.99, showing that Halliburton and crude oil prices have been strongly correlated in the past week. Meanwhile, Halliburton’s correlation with the VanEck Vectors Oil Services ETF (OIH), which comprises 25 oilfield equipment and service stocks, was 0.95.
While first-quarter earnings were less than exciting, Schlumberger Ltd., the largest service provider, said it plans to profitably add about 1 million horsepower worth of rock-crushing pumps this year into North American shale. Halliburton Co., the fracking king, said it sees a return to the 20 percent profit margins last seen before the downturn. "I’m excited about the outlook for North America and our March exit margins clearly demonstrate our path to normalized margins," said Jeff Miller, the Halliburton chief executive officer, on a conference call Monday after earnings were released.
A strong North American drilling market was not enough for Schlumberger (SLB) and Halliburton (HAL) to beat Q1 earnings, while France's TOTAL (TOT) strengthened its low-carbon energy asset portfolio.
Implied volatility signals a stock’s potential price movement. Between January 22 and April 23, when Halliburton (HAL) announced its 4Q17 and 1Q18 financial results, its implied volatility rose to 24.9% from 23%, and its stock price fell 8%. HAL comprises 3.2% 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 11%. Halliburton’s seven-day stock price forecast
Halliburton (HAL) released its financial results for 1Q18 on April 23. that day, HAL’s stock price reacted positively, rising 0.2% to $52.05. Its earnings beat estimates, and significantly higher revenue from its North American operations backed investors’ renewed interest in HAL’s outlook, which may have provided a tailwind to HAL’s stock price. West Texas Intermediate crude oil rose 0.7%.
Halliburton (HAL) released its 1Q18 financial results on April 23. For more about HAL’s earnings, read Market Realist’s What Worked for Halliburton’s 1Q18 Earnings. Between 1Q17 and 1Q18, Halliburton’s C&P (Completion and Production) revenue rose ~46%. The segment’s operating income turned around, rising 240% to $500 million due to increased US onshore activity, increased well completion services in Europe, Africa, and the Commonwealth of Independent States, and higher stimulation activity in the Middle East. C&P revenue was flat between 4Q17 and 1Q18.
Rystad Energy is upbeat about the oilfield service sector in 2018, with the top three players in the field having reported impressive gains in Q1
Weatherford International (WFT) released its 1Q18 earnings results today. The company recorded total revenues of $1.42 billion in 1Q18, up 2.7% from ~$1.39 billion in 1Q17. WFT’s revenue grew in both the Eastern Hemisphere and Western Hemisphere from 1Q17 to 1Q18. In particular, upstream activity increases in the United States, Argentina, Mexico, Kuwait, Iraq, Russia, and Saudi Arabia boosted WFT’s 1Q18 revenues.
The company posted a profit despite some large writedowns in Venezuela, and foresees even more growth across all its business lines.
Oil prices may be “artificially Very High,” as Donald Trump alleged last week, but that hasn’t boosted an industry that should be a key beneficiary. On Monday morning Halliburton rounded out first-quarter earnings season for the world’s three largest oil-field-services companies. Like its brethren, Schlumberger and Baker Hughes, a General Electric company, it struck an upbeat tone.
U.S. stocks end the session little changed on Monday as investors grappled with rising bond yields and a mixed bag of earnings reports.
The Dow Jones Industrial Average has traded lower for four straight sessions. The Dow remains more than 2,100 points below its all-time high of 26,616 set on Jan. 26. The Nasdaq finished lower Monday after having declined for two straight sessions.
Halliburton said stresses on the U.S. rail system made deliveries of fracturing sand less predictable.
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.
After reporting a net loss in Q1 2017, a robust drilling market in North America has turned Haliburton’s revenue around, reporting a net income for Q1 2018
Oilfield services provider Halliburton Co reported a 34 percent jump in first-quarter revenue on Monday as North American companies boosted oil and gas production amid rising oil prices. The jump in revenue came despite a $312 million writedown on Halliburton's remaining assets in Venezuela, and a hit to earnings related to the impact of cold weather earlier in the quarter. Halliburton expects normalized margins of around 20 percent in North America by the end of this year, supported by ongoing tightness in the hydraulic fracturing market, Chief Executive Jeff Miller said on Monday.
The jump in revenue came despite a $312 million writedown on Halliburton's remaining assets in Venezuela, and a hit to earnings related to the impact of cold weather earlier in the quarter. Halliburton expects normalized margins of around 20 percent in North America by the end of this year, supported by ongoing tightness in the hydraulic fracturing market, Chief Executive Jeff Miller said on Monday. "We believe the pressure pumping market is undersupplied and will remain tight," Miller said, pointing to high fracking equipment utilization rates and service intensity that is degrading existing equipment.