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Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine RPC, Inc. (NYSE:RES), by...
While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use Clean Harbors, Inc.'s (NYSE:CLH) P/E ratio to inform your assessment of the investment opportunity. What is...
US Crude Oil Is Heading for a New High(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by eight to 825—just nine more rigs than the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with
doesn't seem like a very compelling investment proposition. The 4.4% dividend yield is attractive but the free cash flow didn't cover the dividend in 2018. Recovery From the Bottom of the Cyclical Oil E&P Business Before the drop of the oil prices about five years ago, Schlumberger was generating impressive margins from its international offshore business.
TechnipFMC : * Awarded a Significant Integrated EPCI Contract for the ConocoPhillips TOR II Development * For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.
Better-than-expected revenue in North America, along with the company's claim that prices were bottoming out, initially drove shares in the oilfield services giant almost 5 percent higher after it published first quarter results. "I don't think there was anything in there to get people off the sidelines," said Jennifer Rowland, an analyst at brokerage Edward Jones, arguing the company's comments fell short of what was needed to shift sentiment around the industry. Halliburton and larger rival Schlumberger NV have been struggling with a tightening of spending by U.S. oil producers in response to shareholder pressure for greater returns following a period of heavy investment in shale.
stock closed almost flat on Monday, down 13 basis points, after the company reported its first-quarter earnings. Shares initially rallied earlier in the day, but then fell into negative territory before rebounding in the afternoon portion of Monday's trading session. What do investors make of this price action?
Oilfield services firm Halliburton just released its outlook for the rest of 2019, and in contrast to its competitor Schlumberger, the company sees a rebound in U.S. shale
Halliburton said the "worst in the pricing deterioration is now behind us" after rival Schlumberger warned of weak U.S. shale activity.
Stocks end mixed Monday as oil prices rise following a move by the Trump administration to end waivers issued to eight countries allowing them to buy Iranian oil without facing U.S. sanctions.
Brent crude futures closed 2.9 percent higher Monday after U.S. Secretary of State Mike Pompeo said no more waivers will be issued on sanctions aimed at isolating the Islamic Republic. In response, Iran threatened to shut the Strait of Hormuz, a key maritime chokepoint for Persian Gulf producers, and said it’s engaged in “intensive” talks with partners to blunt the impact of Trump’s escalation.
Both oil field services companies also met or exceeded analysts’ average estimates for the first quarter of 2019.
Schlumberger said last week that investments by oil producers in international markets will increase by 7 percent to 8 percent this year, citing a 20 percent increase last quarter in offshore rig counts and growing exploration activity in Latin America, Africa and Asia. Halliburton's international revenue rose 11 percent in the first quarter, driven by gains in Mexico, Argentina and the Middle East.
The stock has been a bit of a roller coaster Monday morning trading to $32, then down under $30.70, before finding buyers. Bulls managed to find green again shortly before the noon hour, something not common for post-earnings Halliburton.