40.52 -0.50 (-1.22%)
Pre-Market: 5:30AM EST
|Bid||40.15 x 1300|
|Ask||40.80 x 1200|
|Day's Range||40.38 - 41.36|
|52 Week Range||40.38 - 80.35|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 18, 2019|
|Forward Dividend & Yield||2.00 (4.88%)|
|1y Target Est||64.58|
In the latest trading session, Schlumberger (SLB) closed at $41.02, marking a -1.01% move from the previous day.
Chevron (CVX) set its investment budget for 2019 at $20 billion, while Schlumberger (SLB) warned of weakness in the North American hydraulic fracturing market.
Last week, the oil rig count fell sharply by ten to 877. The rig count tends to follow US crude oil prices with a three- to six-month lag.
The Zacks Analyst Blog Highlights: Baker Hughes, Schlumberger, Diamond Offshore Drilling, Transocean and Concho Resources
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U.S. shale production has beaten the estimates of even the most bullish analysts, but as oil prices fall they continue to struggle with producing a profit
By Helen Reid and Danilo Masoni LONDON (Reuters) - Worries about U.S. bond markets signalling an impending recession, and a still rumbling trade war between the world's top two economies, saw European ...
A Russian government commission on foreign investments did not make a decision on Wednesday about U.S. oilfield services giant Schlumberger's bid for Eurasia Drilling Company , news wire reported citing ...
Schlumberger Ltd. expects sales in the U.S. and Canada to drop 15 percent in the final three months of the year compared with the third quarter, the company said Tuesday. A trio of factors including a plunge in crude prices, exhausted exploration budgets and maxed-out pipelines in America’s busiest field is prompting oil companies to let go of frack crews. “We are seeing a significantly larger drop in activity than we expected, which is leading to a larger drop in pricing than we anticipated,” Patrick Schorn, executive vice president at the Houston- and Paris-based company, said in prepared remarks for an investor presentation.
Schlumberger, the world's largest oilfield services provider, warned on Tuesday that its fourth-quarter North America revenues will likely decline 15 percent sequentially on steeper-than-expected price declines in hydraulic fracturing. The drop in hydraulic fracturing activity this year has been "significantly larger" than expected, Patrick Schorn, executive vice president of wells at Schlumberger, said at a conference in New York, leading to a bigger decline in pricing than the company had forecast originally. Oilfield service companies this year have been hit by a slowdown in demand as regional oil prices have fallen with transportation bottlenecks faced by producer customers.
Last week, the oil rig count fell by one to 887—the second-highest level since March 6, 2015. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and December 3, 2018, US crude oil active futures rose 102%.
Completions of new US shale wells have fallen more sharply than expected in the fourth quarter, and the slowdown in activity is likely to stretch into next year, the oilfield services group Schlumberger has said. Patrick Schorn, an executive vice-president of Schlumberger, told a conference in New York that activity had stopped rising in the third quarter of the year and was falling in the fourth quarter, and predicted that would “show up in the production numbers for the first half of 2019”.
Allergan PLC (ACT), Schlumberger Ltd. (SLB), General Mills Inc. (GIS) and Noble Energy Inc. (NBL) have declined to their 3-year lows
Christopher Earnest, Partner, Houston Office of Compensation Advisory Partners By John Jannarone A slew of companies have been in the crosshairs of proxy advisors due to their approach to so-called Say on Pay practices. In the energy sector, for example, the likes of Halliburton, C&J, and Parker Drilling faced criticism for failing to conduct appropriate […]
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