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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.
National Oilwell Varco, Inc.
Clean Harbors, Inc.
Helmerich & Payne, Inc.
Patterson-UTI Energy, Inc.
Oil States International, Inc.
Nabors Industries Ltd.
U.S. Silica Holdings, Inc.
Newpark Resources, Inc.
Precision Drilling Corporation
Flotek Industries, Inc.
TETRA Technologies, Inc.
Superior Energy Services, Inc.
CARBO Ceramics Inc.
U.S. companies laying off workers in response to the coronavirus pandemic but still paying dividends and buying back shares are drawing criticism from labor unions, pension fund advisers, lawmakers and corporate governance experts. While most U.S. companies are scaling back payouts after a decade in which the amount of money paid to investors through buybacks and dividends more than tripled, some are maintaining their policies despite the economic pain. Royal Caribbean Cruises Ltd, Halliburton Co, General Motors Co and McDonald's Corp have all laid off staff, cut their hours, or slashed salaries while maintaining payouts, according to a Reuters review of regulatory filings, company announcements and company officials.
NPO vs. XYL: Which Stock Is the Better Value Option?
Investors need to pay close attention to National Oilwell Varco (NOV) stock based on the movements in the options market lately.
Halliburton (HAL) is planning to freeze certain benefits dispensed for employee retirement accounts as the company continues to struggle with lower oil prices.
RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the first quarter ended March 31, 2020 on Wednesday, April 29, 2020 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, April 29, 2020 at 9:00 a.m. Eastern Time.
Nabors Industries Ltd. (NYSE: NBR) ("Nabors") today announced that it received notification from the New York Stock Exchange (the "NYSE") that it is no longer in compliance with the NYSE continued listing criteria set forth in Section 802.01C of the NYSE's Listed Company Manual requiring listed companies to maintain an average closing share price of at least $1.00 over a period of 30 consecutive trading days. Nabors is in compliance with all other NYSE continued listing standard rules.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, April 23, 2020, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2020.
CALGARY, Alberta, April 09, 2020 -- Precision Drilling Corporation (“Precision”) intends to release its 2020 first quarter results before the market opens on Thursday, April.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that its long-tenured Executive Chairman, Mark S. Siegel, has advised the Company of his intention to retire after more than 25 years of continuous service to Patterson-UTI Energy and its predecessor companies. Mr. Siegel has decided not to stand for re-election to the Board of Directors and to retire as Executive Chairman, at the time of the Company's annual shareholder meeting, when it is anticipated that Mr. Curtis Huff will be appointed Non-Executive Chairman. Mr. Huff has been a member of the Board of Directors of Patterson-UTI and one of its predecessor companies for 23 years and currently serves as the Company's Lead Independent Director.
Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") today provided an operational and financial update and announced actions the Company has taken in response to the ongoing COVID-19 situation and the recent drop in oil and gas prices.
Jeff Miller became the CEO of Halliburton Company (NYSE:HAL) in 2017. First, this article will compare CEO...
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Wall Street rose on Tuesday on tentative early signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be plateauing, with New York's governor saying social distancing measures to curb the spread of the virus were working. The S&P 500 was poised for its biggest two-day gain in nearly two weeks, adding to a 7% jump on Monday, after health officials said the pandemic may kill fewer Americans than indicated in recent projections. Governor Andrew Cuomo said New York, the epicenter of the virus in the United States, was nearing a plateau in the number of patients hospitalized.
Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York governor saying social distancing measures to curtail the spread of the virus were working. The S&P 500 was set for its biggest two-day gain in nearly two weeks, building on a 7% jump on Monday, as health officials also said the pandemic may kill fewer Americans than recent projections. The S&P 500 is up about 22% from March intraday lows, but remains 19% below its mid-February record high as strict stay-at-home orders crushed demand across industries including airlines, automakers and hotels.
Wall Street rose on Tuesday on early signs of the coronavirus outbreak plateauing in some of the biggest U.S. hot spots, with the New York state's governor saying social distancing measures to curtail the spread of the virus were working. The S&P 500 was set for its biggest two-day gain in nearly two weeks, building on a 7% jump on Monday, as health officials also revised down dire projections of the U.S. death toll.
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working. The S&P 500 was set for its biggest two-day gain in nearly two weeks, building on a 7% jump on Monday, as the governors of New York, New Jersey and Louisiana pointed to tentative signs of a plateauing in the pandemic. Despite the strong start to the week, the S&P 500 remains about 19% below its mid-February record high, as strict stay-at-home orders crushed demand across industries and sparked mass staff furloughs.
Wall Street was set to resume a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that the sweeping lockdown measures were working. "This is looking more like a bear market rally," said Nancy Perez, senior portfolio manager at Boston Private Wealth in Miami. Wall Street's fear gauge has steadily retreated from 12-year peaks, but volatility is expected to remain high as companies prepare to report an expected slide in first-quarter earnings and outline plans to bolster cash reserves.
Last month, Halliburton also put about 3,500 Houston employees on furlough for a 60-day period. The company also started 2020 with about 5,000 fewer employees worldwide than it had a year earlier.