|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.00 - 6.21|
|52 Week Range||5.38 - 9.07|
|PE Ratio (TTM)||9.60|
|Earnings Date||Apr 24, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.78|
From April 16, 2017, to April 16, 2018, the price correlation between National Oilwell Varco (NOV) stock and crude oil was 0.53, representing a strong positive relationship. The VanEck Vectors Oil Services ETF’s (OIH) correlation with crude oil was 0.66, lower than in the previous year. Has NOV’s correlation with crude oil price changed?
Between February 5, 2018, when National Oilwell Varco’s (NOV) 4Q17 earnings were announced, and April 16, 2018, NOV’s IV (implied volatility) has fallen from ~45% to ~34.5%. Since February 5, its stock price has risen 12%, and the Vanguard Energy ETF (VDE) (of which NOV comprises 0.89%) has risen 4%. The oil and gas equipment and service sector accounts for 13.3% of VDE, which comprises energy product exploration and production companies.
On April 18, 2018, Oil States International’s (OIS) implied volatility was 40.4%. Since April 18, 2017, Oil States International’s implied has increased from 34.5% to the current level.
NEW YORK, April 20, 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 ...
The rising tide in junk debt markets is lifting all boats -- even ones that looked a little leaky just a few weeks ago. In the last two weeks, money managers have grown more sanguine about loans and bonds from speculative-grade companies. Funds that buy high-yield bonds posted their biggest inflows of the year in the week ended April 18.
McDermott's (MDR) encouraging first-quarter 2018 operational update makes us optimistic about its results. However, the receding backlog remains a concern.
Chevron (CVX) approved the $5.1 billion expansion of its Gorgon LNG project in Australia, while McDermott International (MDR) and National Oilwell Varco (NOV) provided contrasting Q1 updates.
HOUSTON, April 17, 2018-- McDermott International, Inc. today announced that Institutional Shareholder Services Inc., a leading independent proxy advisory firm, has recommended that McDermott stockholders ...
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. ...
The correlation coefficient between Schlumberger’s (SLB) stock price and WTI (West Texas Intermediate) crude oil prices from April 11, 2017, to April 11, 2018, was 0.54. The correlation coefficient indicates a positive relationship between Schlumberger stock and crude oil prices. Schlumberger’s correlation with the VanEck Vectors Oil Services ETF (OIH) since April 11, 2017, was 0.85. OIH tracks an index of 25 oilfield equipment and services companies.
Markets closed higher on Thursday, on hopes of a robust earnings season and easing geopolitical tensions after U.S President Donald Trump tweeted that a military strike on Syria may not be imminent.
Shares of Chicago, Bridge & Iron Co. rocketed 15.4% in morning trade and McDermott International Inc.'s stock ran up 10.2%, to place first and second among the NYSE's biggest gainers list, after the proposed ...
Strong Start to 2018 Driven by One McDermott Way. Announces Increased Target for Synergies for Combined McDermott and CB&I Businesses Leveraging McDermott’ s Strong Cost Culture. Provides Comparison of ...
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.
McDermott successfully completed the first phase of the deep-water Atlanta Early Production System, located offshore Brazil for independent Brazilian Exploration and Production company QGEP Phase 1 included ...
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
HOUSTON, April 09, 2018-- McDermott International, Inc. will report financial results for the first quarter 2018 on Tuesday, April 24, 2018.. President and Chief Executive Officer David Dickson and Executive ...
HOUSTON, April 06, 2018-- McDermott International, Inc. issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’ s proposed combination with CB&I:. ...
HOUSTON, April 05, 2018-- McDermott International, Inc. issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’ s proposed combination with CB&I:. ...
HOUSTON, April 04, 2018-- McDermott International, Inc. today announced that McDermott Technology, Inc. and McDermott Technology, Inc., each a wholly owned subsidiary of McDermott, have priced $1.3 billion ...