|Bid||0.00 x 1200|
|Ask||39.99 x 3100|
|Day's Range||39.88 - 40.76|
|52 Week Range||34.46 - 68.43|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||27.63|
|Earnings Date||Jul 19, 2019|
|Forward Dividend & Yield||2.00 (4.90%)|
|1y Target Est||50.40|
Between February 11, 2016, and July 15, 2019, WTI crude oil prices rose 127.3%. The United States Oil Fund LP (USO) gained 53.9% in the period.
If the waivers to operate in Venezuela are discontinued, it is likely to trigger huge losses for Chevron (CVX), which has spent billions in the Venezuelan business.
Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schlumberger NV NYSE:SLBView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for SLB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SLB. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.63 billion over the last one-month into ETFs that hold SLB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. SLB credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The decline in count for oil drilling rigs in the United States reflects conservative capital spending by domestic explorers and producers.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Dovish Fed comments and chances of U.S.-China trade truce kept the market steady in the second quarter. These ETF areas won and lost in the second quarter.
The considerable rise in oil price over the past month has likely prompted crude drillers to add rigs despite plans of conservative investments.
We're halfway through the year at this point and while things aren't looking awesome, they look pretty good.Consumer spending continues to rise, inflation remains low and even the trade war hasn't seeped into the economy too much.So, why am I looking at seven F-rated stocks to sell for summer? Because all this balances on a pin.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are signs the economy is slowing. Interest rates are low because the global economy isn't moving. And that's bad for financial stocks. Their margins get hurt when rates drop and if it's not made up in volume, it's bad news.A weaker dollar also means energy prices fall. Even tensions with Iran can't get oil over $60 a barrel. And a lingering or expanding trade war with China may soon start to show up more in the broader economy. It's already hitting small businesses and farmers, but we don't see it in the stock market yet. * 7 Stocks on Sale the Insiders Are Buying That's why it's important to hold quality stocks and cull the weak. And there's no better time than now, while the market is happy. Schlumberger Ltd (SLB)Source: Nestor Galina via FlickrSchlumberger Ltd (NYSE:SLB) is the world's largest oil and gas support company. It does everything from characterizing fields to supplying the drills and equipment for all manner of drilling and production operations.It has been around since 1926, and has a $49 billion market cap, so it's not a flash in the pan. But the stock is off 41% in the past 12 months, so its 5% dividend and strong reputation don't mean much right now.When the economy slows -- not only in the U.S., but around the world -- it means energy demand slows. And that means a reduction in exploration as well as a slowdown in production on operating wells.SLB is a flagship company in the energy sector and it illustrates the cyclical nature of the energy market better than many stocks in the sector. The continued weakness is a much greater threat now than any upside potential. FedEx (FDX)FedEx (NYSE:FDX) is one of the world's top logistics companies. And in the age of e-commerce, it should be a very good sector to be in.Then why is the stock off 28% in the past year?Well, as e-commerce accelerates, it means more companies jump in the game. Rising competition means it's tougher to grow market share without hurting margins.Then there's the global economy. The China trade war is starting to affect FDX's business and it's helping Chinese rivals grow their market base while U.S. firms are minimized. * 10 Small-Cap Stocks That Look Like Bargains Finally, there are the big e-commerce companies, such as Amazon (NASDAQ:AMZN). Even the disruptor, AMZN, is now looking to build out its own logistics company so it can better control its delivery services and improve its cost structures. ArcelorMittal (MT)Source: Shutterstock ArcelorMittal ADR (NYSE:MT) is the top global steel producer with strategic operations around the world. It also produces coal for energy and industry.When you're a global player, it diversifies risk to a certain extent, unless the global economy is in a tough spot. Or, like what's happening now, major global markets are going through separate issues.The U.S. has adopted tariffs as its trade weapons of choice, so steel tariffs in NAFTA countries has hampered trade there. In Europe, MT has closed numerous plants because demand is low across the region as the economy limps along and the Brexit is still an open wound.In Asia, the China-U.S. trade war is affecting MT, since its China sales have slowed.Simply put, demand is down and even where there is a market, it's hard to sell at decent prices. It's no surprise it's off 38% in the past year and more downside is a distinct possibility. CenturyLink (CTL)Source: Caden Crawford via FlickrCenturyLink Inc (NYSE:CTL) is a U.S. telecom that operates in smaller markets and focuses on consumer and business phone, VPN and similar communications options.It is isolated from any trade war issues and has a bountiful 8.6% dividend.So, what's the problem?Well, one of its biggest problems is because it operates outside dense areas when the big telecoms and cable firms operate, it doesn't have the kind of customer density to generate a lot of cash. That cash is usually used to upgrade copper or fiber optic cable for up-selling customers.And where it does compete with the bigger players, its services can't match the power or variety at competitive prices. In the age of mobility, it's working with an antiquated model that only works because its customer base has few options. * The 7 Top Small-Cap Stocks Of 2019 Off more than 37% over the past 12 months, its big yield matters little. Teva Pharmaceuticals (TEVA)Source: Open Grid Scheduler (Modified)Teva Pharmaceuticals (NYSE:TEVA) has had a rough go of it over the past few years. And things aren't getting much better.The Israel-based pharma company was one of the world's leading generic drug makers, with its biggest business in the U.S. But that business began to slide in 2016 as competitors moved into the space.Its CEO at the time seemed to be asleep at the wheel and by the time the company moved to right the ship, it was almost too late. By 2017, a new CEO was brought in and immediately cut $3 billion in costs -- a third of its current market cap -- and 1,350 workers in Israel.And that has barely staunched the bleeding. Now, its exposure to opioid lawsuits puts it in even more danger of paying out significant sums.The stock is off 82% in the past three years, 62% in the past year and more than 40% year-to-date. Its once-generous dividend is non-existent. Schneider National (SNDR)Source: Shutterstock Schneider National (NYSE:SNDR) is a decent-sized trucking, intermodal and logistics company that has been around since 1935, based out of Green Bay, Wisconsin.Dow Theory is a classic market view that basically states that you can tell the broad trend in the markets by following the relationship of industrial stocks to transportation stocks.If the transports are strong, it indicates that goods are leaving factories for customers that are demanding more goods. If the transports are weak and industrials are strong, it means demand is weakening and industrials are sitting on inventory. * 10 Small-Cap Stocks That Look Like Bargains We're seeing the latter play out today. SNDR is down just 2.7% YTD, but 33% in the past 12 months. The trade war with China will not help, nor will a weakening economy. Golar LNG (GLNG)Source: Shutterstock Golar LNG Ltd (NASDAQ:GLNG) is an liquefied natural gas (LNG) shipping company.This should be a golden age for LNG companies shipping out of the U.S. to energy-hungry countries that are willing to pay multiples for LNG rather than the domestic U.S. price.The only problems are, the trade war with China has shut off deliveries there. Trade tensions with Japan have slowed deliveries. And Europe's economy is barely conscious. Plus, domestic U.S. demand is low.This is reflected in last week's announcement that natural gas prices fell below the record lows in May 2016. The longer all these issues continue, the worse it will get for Golar. Plus, it's going to take a while before any good news can lift the stock.Off nearly 20% YTD and 40% in the past year, its 3.4% dividend adds little attraction in current conditions.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 7 F-Rated Stocks to Sell for Summer appeared first on InvestorPlace.
Sometimes a great stock with CAN SLIM traits needs to form two bases before breaking out to big gains. Look for a base-on-base pattern. Winnebago built one last year.
(Bloomberg Opinion) -- Oil and gas producer stocks are deeply unpopular. Oilfield services stocks, on the other hand, are deeply, deeply unpopular:The oily water in which the services companies swim is the money that exploration and production firms spend – and it has dried up. Analysts at Morgan Stanley have just reduced their forecasts for upstream capital expenditure. In the title of the report, “Global Upstream Capex: Growth Still in the Cards,” that “Still” does most of the work.At around $65 a barrel, oil remains well below those triple-digit salad days of early 2014. Still, it’s about double where it was in early 2016, and yet there’s precious little sign of that in E&P capex budgets. Something structural has happened.E&P stocks are unpopular because a decade of high spending did wonders for oil and gas output, “energy dominance” and C-suite pay, but little for investors. So the latter have gone on strike, demanding evidence of a change of heart on the part of management teams, chiefly in the form of tighter spending and more generous payouts to shareholders. You can see the problem for oilfield services, which profited nicely from the E&P sector’s pre-2014 largesse.At the same time, E&P companies still like to grow, so the pressure to do more with less remains high (especially as activists have begun beating the drum on this). Last year’s surge in U.S. oil and gas production was the biggest achieved by any country ever, according to BP Plc, even as upstream capex there was still 22% below the level of 2014.E&P companies depend on their services providers to help achieve the productivity gains that have fueled the shale “miracle.” Yet the rewards for this – such as they are - have flowed overwhelmingly to the client, not the contractor. A decade ago, the oilfield services sector earned a return on capital employed that was more than 13 percentage points higher than the E&P sector, according to analysts at Evercore ISI. By 2018, the sectors had switched places, with services earning 7 percentage points less than their clients. That is some transfer of value.The oilfield services industry shares some pathologies with the E&P business. Contractors invested too heavily in the boom, creating excess capacity and bloated cost structures. When the crash hit, they prioritized market share, the standard response in expectation of an eventual rebound – and the rebound hasn’t taken off. General Electric Co.’s ill-timed foray into the business via Baker Hughes and Weatherford International Ltd.’s meandering shuffle into chapter 11 have provided unwelcome narratives for all this. Today, despite deals such as the recently announced merger between Keane Group Inc. and C&J Energy Services Inc., the sector remains fragmented, particularly in those areas such as pressure pumping that service the U.S. shale industry.Shale is a blessing and a curse. On one hand, it has accounted for all of the growth in global upstream capex since the trough in 2016 and is set to contribute 29% of the forecast growth from here through 2022. On the other, it is a fragmented corner of the business that is highly sensitive to oil prices and has flattened the cost curve across the global industry. Besides trade-war concerns, expectations of frackers taking advantage of any geopolitical spike in oil prices to boost production have helped to keep a lid on that spike, despite numerous provocations.The upshot is a very narrow band in oil prices between celebration and belt-tightening. Morgan Stanley estimates $50 oil in 2020, as opposed to $60, would cut expected cash flow from operations in the global upstream business by a fifth, translating to a 13% drop in capex – which would take it below 2016 levels.Faced with such sensitivities, investors aren’t willing to pay a premium. Bellwethers Halliburton Co. and Schlumberger Ltd. trade at Ebitda multiples similar to where they were in 2015, when spending was headed down, rather than being priced for growth. Spending should grind higher from here; even so, the sector faces a deep-rooted challenge. For E&P companies to win favor with investors again, they must adhere to a regimen that won’t help their contractors win any popularity contests.To contact the author of this story: Liam Denning at email@example.comTo contact the editor responsible for this story: Mark Gongloff at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Per Rystad Energy, big oilfield services players like Halliburton (HAL) have already begun raising prices for products and services. This is expected to boost their earnings going forward.
Lower investments in oil exploration and production operations hamper demand for oilfield services of Schlumberger (SLB) since the firm helps drillers efficiently drill oil wells.
As the fate of crude exploration and production companies is positively correlated with the commodity price, the recent oil rally therefore perks up the crude weighted-stocks.
Crude oil prices jumped as Iran shot down a U.S. drone. The S&P 500 closed at a new all-time high, and gold prices skyrocketed.
Energy stocks traded broadly higher Thursday, as increased tension in the Middle East fueled a surge in oil prices. The SPDR Energy Select Sector ETF jumped 1.8% in morning trading, with all 29 of its equity components trading higher, while the Dow Jones Industrial Average hiked up 215 points, or 0.8%. Among the more-active members, shares of Halliburton Co. rose 3.0%, Marathon Oil Corp. gained 3.2%, Schlumberger Ltd. tacked on 3.1%, Exxon Mobil Corp. advanced 1.7% and Chevron Corp. added 1.1%. Elsewhere, Chesapeake Energy Corp.'s stock powered up 4.4% on NYSE-leading volume of 6.3 million shares. August crude oil futures rallied 4.5%, after news that Iran's Revolutionary Guard said it shot down a U.S. drone. Also helping boost prices, data out Wednesday showed that U.S. crude supplies fell, and a firmer date for an Organization of the Petroleum Exporting Countries (OPEC) meeting was in place to review pledged production limits.
In the next quarter, the US crude oil production might rise—an important factor that might kill any upside in oil prices. For the week ending June 7, US crude oil's weekly production was near its record high of 12.3 MMbpd.