|Bid||31.20 x 900|
|Ask||31.21 x 2200|
|Day's range||30.74 - 31.53|
|52-week range||24.70 - 54.91|
|Beta (3Y monthly)||1.37|
|PE ratio (TTM)||16.52|
|Earnings date||22 Apr 2019 - 26 Apr 2019|
|Forward dividend & yield||0.72 (2.46%)|
|1y target est||38.67|
Stocks ended Monday’s session mixed as investors awaited quarterly results from an onslaught of major corporations across sectors, with consensus estimates pointing to a broad-based decline in earnings over last year.
The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, Baker Hughes and Weatherford International
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.
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
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
U.S. stocks were little changed on Monday, as investors were cautious ahead of a barrage of quarterly earnings reports from major companies. S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, were scheduled to report first-quarter results this week, which could help clear any investor fears of a earnings recession. Phil Orlando, chief equity market strategist, at Federated Investors, in New York said he has been encouraged by quarterly reports even though it was early in the earnings season.
Despite upbeat earnings reports so far, the S&P 500 has been trading in a narrow range and was 1.3% below a record high it hit in late September. Earnings reports from about a third of the S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, this week would help determine if investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided.
U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check. Boeing Co was down 1.1% after the New York Times reported the company's factory in South Carolina, which makes the 787 Dreamliner, has been plagued by "shoddy production and weak oversight." Another report on Sunday said the planemaker rejected the allegations.
Halliburton (HAL) anticipates its international revenue to grow at a high single-digit rate in 2019, with further improvement next year.
Roughly 2 million barrels of oil per day would have to be pumped by Saudi Arabia, UAE and the U.S. in order to make up for the sanction.
Oilfield service provider Halliburton Co said on Monday it expects international offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV for international markets overall. 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.
Halliburton (HAL), the world's No.2 oilfield services provider, reported first quarter adjusted income per share of 23 cents.
Shares of Fastenal, Intuitive Surgical, and Lam Research were getting attention, while the Dow was poised to open lower.
About a third of the S&P 500 companies, including Boeing Co , Amazon.com Inc and Facebook Inc, will report this week, determining whether investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided. "Q1 earnings have largely been a pleasant surprise thus far, but have not ignited investor enthusiasm enough to move the needle in a meaningful way," Peter Kenny, founder of Strategic Board Solutions LLC in New York, wrote in a client note. Benefiting from a surge in oil prices and upbeat results was Halliburton Co, whose shares rose 2.4% in premarket trading.
Halliburton on Monday called a bottom for the prices charged for oilfield services in North America even as the company reported a drop in revenues for the region. The Houston-based company’s chief executive Jeff Miller said Halliburton “experienced pricing headwinds throughout the quarter” in North America but added “we believe the worst in the pricing deterioration is now behind us”. Overall revenue at the 100-year old oilfield services company was flat at $5.7bn in the first quarter, just ahead of analysts estimates for $5.5bn, according to a Refinitiv survey of analysts.
Tesla hosts an analyst event to showcase its autonomous-driving technologies Monday, a couple of days before reporting its earnings. Many more firms report numbers this week, but so far, growth in profit is unimpressive.
U.S. stock index futures dipped on Monday as investors returned from their Easter break and took a cautious stance at the beginning of what is expected to be the busiest week of the first-quarter earnings season. The S&P 500 closed slightly lower last week, ending its three-week winning streak, but hovered about 1% away from a record high hit in September on U.S.-China trade hopes and a largely upbeat earnings season. More than a third of the S&P 500 companies, including Boeing Co, Amazon.com Inc and Facebook Inc, will report this week determining whether investors should be concerned about the start of an earnings recession or whether back-to-back quarters of negative growth can be avoided.
Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner. 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. Shares of Halliburton were flat in midday trade.
Halliburton Co. on Monday reported first quarter earnings of $152 million. On a per-share basis, the Houston-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, ...
HOUSTON-- -- Reported net income of $0.17 per diluted share Adjusted net income of $0.23 per diluted share, excluding impairments and other charges Halliburton Company announced today net income of $152 million, or $0.17 per diluted share, for the first quarter of 2019. This compares to net income for the first quarter of 2018 of $46 million, or $0.05 per diluted share. Adjusted net income for the ...
Schlumberger’s Q1 Earnings Meet Analyst Estimates(Continued from Prior Part)Schlumberger in 2019 Schlumberger (SLB) has risen 31% so far in 2019. The stock has outperformed peers Halliburton (HAL), National Oilwell Varco (NOV), and Baker Hughes
Schlumberger’s Q1 Earnings Meet Analyst EstimatesEPS fell 21% Schlumberger (SLB) reported its first-quarter results today. The company reported EPS of $0.3, which met analysts’ consensus estimates. The EPS fell 21% YoY. “First-quarter revenue