New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BHI;SLB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 22, 2015
12:42 EDTBHIHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
Subscribe for More Information
12:19 EDTBHIBaker Hughes drops 5% after Bloomberg says DOJ scrutinizing Halliburton deal
Subscribe for More Information
12:17 EDTBHIHalliburton-Baker Hughes deal to face antitrust hurdle in U.S., Bloomberg says
09:35 EDTBHIBaker Hughes results suggest prolong recovery, says Susquehanna
Subscribe for More Information
06:39 EDTSLBEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
12:09 EDTSLBSchlumberger upgraded to Buy from Hold at Societe Generale
Subscribe for More Information
08:11 EDTBHIBaker Hughes expects North America rig counts to remain unchanged in 2015
Subscribe for More Information
08:10 EDTBHIBaker Hughes reports Q2 North America revenue down 47% to $1.5B
The drop in revenue is primarily attributable to the reduction in customer spending, which has resulted in a steep decline in onshore and shallow water activity, and an unfavorable pricing environment. Reports Q2 Latin America revenue down 19% to $439M, largely result of sharp activity reductions in the Andean area, as reflected in a 43% drop in the rig count, and in Venezuela from decreased operations and unfavorable exchange rates. In Brazil and Mexico, activity reductions were more than offset by offshore share gains. reports Q2 Europe/Africa/Russia Caspian revenue down 22% to $869M, impacted by $100M related to the unfavorable change in foreign exchange rates. Reports Q2 Middle East/Asia Pacific revenue down 22% to $856M, driven primarily by lower activity throughout Asia Pacific, as reflected in the 12% drop in the rig count, and in Iraq as result of a reduction to our integrated operations, including exiting a large turnkey contract in mid-2014. Reports Q2 Industrial Services down 8% to $306M.
08:09 EDTBHIBaker Hughes expects unfavorable market dynamics to persist in 2H15
Subscribe for More Information
08:08 EDTBHIBaker Hughes says Q2 negatively impacted by deteriorating pricing, currency
CEO Martin Craighead commented, "Even though the severity of the revenue decline has compressed our margins, we have minimized the impact by aggressively reducing costs and rightsizing our operational footprint. These actions have resulted in decremental margins of 35% compared to the prior year, a significant improvement from the prior industry downturn. Furthermore, earnings for the quarter were impacted by an unfavorable tax rate which resulted primarily from a change in the geographic mix of earnings."
08:07 EDTBHIBaker Hughes reports Q2 adjusted EPS (14c), consensus (13c)
Subscribe for More Information
07:20 EDTBHIHalliburton has 90% upside potential over 3 years, says Citi
Citi analyst Scott Gruber believes regulatory approval for Halliburton's (HAL) proposed acquisition of Baker Hughes (BHI) is a "high probability event." Halliburton's buyback potential post-acquisition looks significant, Gruber tells investors in a research note. He estimates $5.00 of pro forma earnings per share for Halliburton in 2018, suggesting 90% upside potential for shares over the next three years. The analyst notes that applying a 16 times earnings multiple yields a $78 share price. He keeps a Buy rating on Halliburton with a $54 price target. The oil services company closed yesterday up 75c to $40.74 after reporting Q2 results.
July 20, 2015
15:01 EDTBHINotable companies reporting before tomorrow's open
Subscribe for More Information
11:12 EDTSLBSchlumberger downgraded to Neutral from Buy at Tigress Financial
Subscribe for More Information
10:00 EDTSLBOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:31 EDTSLBSchlumberger upgraded to Buy from Neutral at Global Hunter
Subscribe for More Information
08:00 EDTSLBSchlumberger outlook remains favorable, says Oppenheimer
Subscribe for More Information
07:04 EDTBHIHalliburton incurred $67M after-tax for costs related to Baker Hughes deal in Q2
Subscribe for More Information
07:03 EDTBHIHalliburton says 'pleased' with progress of Baker Hughes acquisiton
Subscribe for More Information
06:50 EDTSLBSchlumberger upgraded to Outperform from Market Perform at Wells Fargo
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use