|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||22.87 - 24.00|
|52 Week Range||22.87 - 40.89|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.50|
|Expense Ratio (net)||0.43%|
Rene Nourse, Urban Wealth Management; Gordon Charlop, Rosenblatt Securities; and CNBC's Rick Santelli, discuss the day's market activity.
Is Halliburton Trading at an Attractive Valuation? One of the issues facing Halliburton’s North American market is an increase in trucking costs due to the increased usage of trucks to move crude oil and sand. Another issue is the constraint in the Permian Basin takeaway capacity.
The Vanguard Group, Dodge & Cox, and First Eagle Investment Management are the top three institutional investors in National Oilwell Varco (NOV). They own 10.5%, 8.2%, and 7.1%, respectively, of National Oilwell Varco’s outstanding shares. According to the latest filings, Dodge & Cox and First Eagle Investment Management sold net 1.0 million and 44,644 National Oilwell Varco shares, respectively, from their holdings. The Vanguard Group added net 0.4 million National Oilwell Varco shares in the second quarter.
Capital World Investors, Dodge & Cox, and the Vanguard Group are the top three institutional investors in Baker Hughes (BHGE). They own 11.8%, 9.2%, and 9.0%, respectively, of Baker Hughes’s outstanding shares. According to the latest filings, Capital World Investors and Dodge & Cox added net 3.7 million and 1.0 million Baker Hughes shares, respectively, to their holdings. The Vanguard Group sold net 7.2 million Baker Hughes shares in the second quarter.
Baker Hughes, a GE Company (BHGE), published its US crude oil rig count report on July 27. Baker Hughes reported that US crude oil rigs rose by three to 861 on July 20–27. The rigs hit 858 for the week ending July 20—near the lowest level since May 18. However, the rigs have increased by 95 or ~12.4% year-over-year.
Baker Hughes, a GE company (BHGE) published its US crude oil rigs report on July 20. It reported that US crude oil rigs fell by five to 858 from July 13 to July 20. Rigs were near the lowest level since May 18. However, rigs have risen by 94 (~12.3%) from a year ago.
Small-cap energy and oil services ETFs were leading the market rebound Friday after the Organization of Petroleum Exporting Countries (OPEC) agreed to only modestly raise oil supplies to head off rising ...
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.
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017. March 29 was the last trading day of SLB’s first quarter. In the first quarter, SLB’s adjusted earnings were negative. So, its price-to-earnings (or PE) multiple wasn’t meaningful in the first quarter.
Baker Hughes, a GE company (BHGE), released its US crude oil rig count report on May 25, indicating that the US crude oil rig count rose by 15 to reach 859 between May 11 and 18—the highest level since March 13. The rig count was 137 (~19%) higher than a year ago. WTI crude oil prices have increased ~60% since June 21, 2017, while the iShares US Oil Equipment & Services ETF (IEZ) and the VanEck Vectors Oil Services ETF (OIH) have risen ~17.8% and ~15%, respectively.
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
Oil services stocks and exchange traded funds have actively participated in the energy sector rally. For example, the VanEck Vectors Oil Service ETF (NYSEArca: OIH) is up more than 16% since the start ...
In the first quarter, Schlumberger’s (SLB) North American revenue share increased to ~37% of SLB’s total revenues, compared to 28% in Q1 2017. In comparison, Halliburton (HAL) generated 61% of its first-quarter revenues in North America.
Weatherford International’s (WFT) cash flow from operating activities (or CFO) in the first quarter was -$185 million compared to -$179 million in Q1 2017.
Baker Hughes, a GE Company (BHGE), released its US crude oil and natural gas rig count report on May 18. Baker Hughes reported that US crude oil rigs were flat at 844 on May 11–18—the highest level since March 13, 2015. The rigs have also risen by 132 or ~18.5% from a year ago.
As of May 10, short interest in Helix Energy Solutions Group (HLX) as a percentage of its float was 4.7% compared to 5.6% as of May 10. Since May 10, 2017, short interest in HLX has gone down 15%. So, investors decreased negative bets on HLX in the past year. Since May 10, HLX’s stock price has risen ~33%.
Baker Hughes, a GE Company (BHGE), released its US crude oil rig count report on May 11. Baker Hughes reported that US crude oil rigs increased by ten to 844 on May 4–11. US crude oil rigs were near the highest level since March 13, 2015. The rigs also have risen by 132 or ~18.5% from a year ago.
TechnipFMC (FTI) released its 1Q18 financial results on May 9. From 1Q17 to 1Q18, the Subsea segment’s revenue decreased 14%, while the Onshore/Offshore segment decreased 10.8% fall. The Surface Technologies segment’s revenue rose 49% during the same period.
In this article, we’ll compare the relative valuation multiples of Baker Hughes (BHGE) and National Oilwell Varco (NOV). For the purpose of this comparison, we’ve also included Schlumberger (SLB) and Halliburton (HAL) in our analysis.
In this part, we’ll analyze the 1Q18 net income for Baker Hughes, a GE Company (BHGE), and National Oilwell Varco (NOV). In 1Q18, Baker Hughes’s reported net income was $70 million—126% higher compared to the net income in 4Q17. The comparable net income figure in 1Q17 wasn’t available. In 1Q18, Baker Hughes’ss net income was impacted by various charges including $162 million in restructuring, impairment, and other charges, $46 million in merger and related costs, and a $61 million inventory impairment charge.
Baker Hughes, a GE Company (BHGE), released its weekly US crude oil rig count report on May 4. Baker Hughes reported that US crude oil rigs increased by nine to 834 on April 27–May 4. US oil rigs were at the highest level since March 13, 2015. The rigs also have risen by 131 or ~18.6% year-over-year.
In this part, we’ll compare Schlumberger (SLB) and Halliburton’s (HAL) relative valuation multiples. We have also included Baker Hughes, a GE Company (BHGE), and National Oilwell Varco (NOV) in our analysis. As you can see in the following table, Schlumberger is the largest company by market capitalization among our set of select OFS (oilfield equipment and services) companies. National Oilwell Varco is the smallest company by market capitalization.
In 1Q18, Schlumberger (SLB) reported a net income of $530 million—an 87% improvement compared to its net income of nearly $284 million in 1Q17. For Schlumberger, 96% operating income growth year-over-year in the Production group and 28% operating income growth in the Drilling group helped improve the company’s bottom line in 1Q18. Compared to 4Q17 when Schlumberger recorded a net loss of $2.25 billion, the net income in 1Q18 was a marked improvement. Schlumberger’s net income in 4Q17 was lower due to some major one-time charges.
Nabors Industries (NBR) released its 1Q18 financial results on May 1. From 1Q17 to 1Q18, Nabors Industries’ Drilling Solutions segment revenue increased the most by 129%, followed by the US Drilling segment with a 49% increase, and the Rig Technologies segment with a 46.7% increase.