|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||67.72 - 69.80|
|52 Week Range||61.02 - 80.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 19, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||2.00 (2.96%)|
|1y Target Est||79.88|
Between January 19 and April 20, when Schlumberger (SLB) announced its 4Q17 and 1Q18 financial results, its implied volatility rose to 24.1% from 21%, and its stock price fell ~9%. SLB comprises 3.0% 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 has fallen ~10% since January 19. Schlumberger’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%.
Baker Hughes (BHGE) released its financial information for 1Q18 on April 20. Immediately following the earnings release, Baker Hughes stock reacted positively. The stock increased 0.8% to $33.99 from the previous day’s close. The VanEck Vectors Oil Services ETF (OIH) decreased 0.7% on the same day. OIH tracks an index of 25 oilfield equipment and services companies.
Schlumberger (SLB) released its 1Q18 results on April 20. Its stock price reacted negatively immediately following the earnings release, falling 1.5% to close at $69.23.
Schlumberger (SLB) released its 1Q18 financial results on April 20. For more about SLB’s 1Q18 earnings, read Market Realist’s Schlumberger Reports 1Q18 Earnings, Beats Estimates.
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.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting SLB. SLB credit default swap spreads are within the middle of their range for the last three years.
Italian oil services group Saipem (SPMI.MI) is looking round for growth opportunities after a bid by rival Subsea 7 (SUBC.OL) for U.S. contractor McDermott (MDR.N) sent waves through the sector. "The bid is a sign of consolidation in the sector that needs to be monitored closely," Saipem CEO Stefano Cao said on Tuesday in a conference call after first quarter results. Subsea 7 made an unsolicited offer worth about $2 billion for McDermott on Monday, a deal that could make the Oslo-listed contractor a market leader for subsea equipment.
On April 20, 2018, Baker Hughes, a GE company (BHGE), released its US crude oil rig count report. Baker Hughes reported that US crude oil rigs increased by five or 0.6% to 820 on April 13–20. US crude oil rigs were at the highest level since March 20, 2015. The rigs also have risen by 132 or ~19.2% from last year.
Schlumberger's revenue, margins, and earnings keep trending upward, but the global oil industry is overdue for a heavy investment phase.
Halliburton (HAL) released its 1Q18 financial results today. The company recorded total revenues of $5.74 billion in 1Q18, up ~34% from the $4.28 billion recorded in 1Q17. Halliburton’s revenues for 1Q18 rose mostly due to increased US onshore exploration and drilling activity, higher well completion activity in Europe, Africa, and CIS (the Commonwealth of Independent States), and higher stimulation activity in the Middle East.
Schlumberger doesn't see spending increasing across the oil and gas industry, even though crude prices are at the highest levels in more than three years.
The S&P 500 and Nasdaq traded lower Friday for the second time in five sessions. The Dow Jones Industrial Average declined Friday for the third day in a row. Despite declines Friday, the three U.S. benchmark stock indexes finished higher for the week.
A surge in North American directional land drilling operations and IPS contracts support Schlumberger's (SLB) first-quarter results.
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squeaked out a slight earnings beat Friday, April 20, reporting 38 cents per share for the first quarter, but company followers don't feel the results will do much for oilfield services stocks. Analysts expected Schlumberger to report earnings of 37 cents per share on $7.81 billion in revenue. The company reported revenue of $7.83 billion.
Brent and U.S. crude turned negative after U.S. President Donald Trump on Friday criticized OPEC for output curbs that have helped raise global oil prices and said "artificially" high prices would not be accepted. Schlumberger, a bellwether for the oilfield services and drilling industries, said global oil supply and demand were in balance and that investments in exploration and production were expected to rise about 5 percent internationally. The absence of normal seasonal softness indicated that supply and demand were in balance, and combined with "increased geopolitical risk" had driven up oil prices," Chief Executive Paal Kibsgaard said on a call with analysts.
Oilfield services provider Schlumberger NV said on Friday it was looking to monetize some assets in its production management business and was "fully expecting to engage" with interested parties over the next few quarters. Schlumberger Production Management (SPM), formed in 2011 to develop client assets as the oilfield services major looked to diversify its business, had $1.4 billion in revenue in 2016.
Schlumberger (SLB) released its 1Q18 financial results on April 20. The company recorded total revenues of ~$7.83 billion in 1Q18, up 13.6% from $6.89 billion recorded in 1Q17. Year-over-year, Schlumberger’s revenues for 1Q18 increased, mostly due to 51.5% higher revenues from North America resulting from higher onshore upstream activity, which boosted demand for SLB’s rotary steerable systems used in US shale oil production.
Oil prices jumped in early trading after President Trump attacked oil. Yahoo Finance’s Seana Smith, Pras Subramanian, Jen Rogers and Andy Serwer discuss.