6.39 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||5.50 x 200|
|Ask||6.86 x 1500|
|Day's range||6.38 - 6.60|
|52-week range||4.96 - 8.33|
|PE ratio (TTM)||24.58|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
The correlation coefficient between Weatherford International’s (WFT) stock price and crude oil prices from October 10, 2016, to October 10, 2017, was 0.40.
On October 9, National Oilwell Varco’s (NOV) implied volatility (or IV) was ~28%. National Oilwell Varco’s 2Q17 earnings were announced on July 27.
U.S. oilfield services and equipment provider McDermott International (NYSE: MDR - news) said on Wednesday it would build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco (IPO-ARMO.SE) on the kingdom's east coast. The two companies signed a memorandum of understanding for the first major manufacturing investment in the complex, which is part of Saudi Arabia's drive to diversify its economy and create jobs in an era of cheap oil. Saudi officials have said the complex at Ras Al Khair will cost more than $5 billion to build.
Saudi Arabia expects a huge ship repair and shipbuilding complex that its national oil company Saudi Aramco is developing at Ras al-Khair on the kingdom's east coast to cost over 20 billion riyals ($5.33 billion), energy minister Khalid al-Falih said on Sunday. "Construction will start in 2018, production in 2022," Falih who is also chairman of Aramco told reporters at the company's headquarters in Dhahran. The maritime complex is a joint venture between Saudi Aramco, Saudi Bahri, South Korea's Hyundai Heavy Industries and Lamprell (Frankfurt: L51.F - news) .