|Bid||4.220 x 29000|
|Ask||4.230 x 52200|
|Day's range||4.200 - 4.350|
|52-week range||3.080 - 7.090|
|PE ratio (TTM)||N/A|
|Earnings date||2 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.26|
In this part, we’ll discuss Wall Street analysts’ recommendations for Schlumberger (SLB) before its 4Q17 earnings release. According to data compiled by Reuters, on January 2, 2018, 73% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. From October 2, 2017, to January 2, 2018, the percentage of analysts recommending a “buy” or some equivalent for Schlumberger remained unchanged at 73%.
Short interest in Schlumberger (SLB) as a percentage of its float has increased to 1.7% on December 29, 2017, compared to 1.5% on September 29, 2017.
As of January 2, 2018, three of four analysts covering Northern Oil and Gas (NOG) had "hold" recommendations, while one analyst had a "sell" recommendation.
In the week starting January 1, 2018, Weatherford International (WFT) is the top declining stock from the oilfield services sector
On December 26, 2017, 78% of the Wall Street analysts tracking Weatherford International rated it a “buy” or some equivalent.
The correlation coefficient between crude oil and Weatherford International (WFT) stock from December 26, 2016, to December 26, 2017, was 0.37.
On December 26, 2017, Weatherford International’s (WFT) IV (implied volatility) was ~54%. IV signals a stock’s potential price movement as viewed by option traders.
As of December 26, 2017, short interest in Weatherford International (WFT) as a percentage of float was 17.2% compared to 12.6% as of September 29, 2017.
With the market setting some new records on the first trading day of 2018, Westport Fuel Systems soared on a deal with Tata Motors, and Weatherford International plummeted after canceling a joint venture.
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Weatherford International’s (WFT) EV (enterprise value) when scaled by a trailing 12-month adjusted EBITDA is close to the peer average in our group.
Last March, oil-services companies Weatherford International (WFT) and Schlumberger (SLB) announced a fracking joint venture, one that was seen as a way for the companies to take on Halliburton (HAL). Weatherford's shares have tumbled 18% to $3.43 at 3:30 p.m. today, and if analysts are right, it's a well-deserved drop. Gabelli analyst Simon Wong notes that that instead of combining its fracking assets with Schlumberger's to create the joint venture, Schlumberger will buy them outright for $430 million, a 50% to 60% discount to their replacement value.
In 3Q17, Weatherford International’s (WFT) adjusted earnings were negative. So its PE (price-to-earnings) multiple wasn't meaningful that quarter.
Weatherford International (WFT) stock has fallen 20% in the past year as of December 26, 2017. It has marginally outperformed the VanEck Vectors Oil Services ETF.
Instead of teaming up with Schlumberger in the North American fracking market, it's electing to sell its assets and pay down debt.
Weatherford (WFT) sells U.S. oil-well business for $430 million. Also, the company abandons joint venture plans with Schlumberger.
Approximately 39% of the Wall Street analysts tracking Baker Hughes, a GE Company (BHGE) recommended a “buy” or equivalent on December 22, 2017.
Halliburton’s (HAL) cash from operating activities (or CFO) in 3Q17 was an increase over 3Q16. HAL’s CFO was a $1.1 billion in 3Q17, a 6% rise from $1.0 billion a year ago.