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Stock Market & Financial Investment News

News Breaks
April 21, 2014
11:53 EDTWFT, BHI, HAL, SLBHalliburton hits 52-week high after results top expectations
Shares of oilfield services company Halliburton (HAL) hit a new 52-week high after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: This morning, Halliburton reported Q1 continuing operating earnings per share of 73c and revenue of $7.3B, topping expectations of 71c and $7.24B, respectively. The company forecast its Q2 EPS to be up approximately 25%, compared to consensus of 91c, and said "further increases" will follow. For Q2, the company expects low double-digit percentage revenue improvement and margins to move solidly into the mid-teens. On its conference call, management said that 2014 will be a transitional year for Latin America. The company said that constitutional changes in Mexico seem to be progressing as planned and it believes foreign investment in the market will be beneficial to the company beginning in 2015. Halliburton also said it is starting to "feel a momentum swing" in North America. OTHERS TO WATCH: Other companies in the oil services space space include Schlumberger (SLB), Baker Hughes (BHI), and Weatherford (WFT). PRICE ACTION: In late morning trading, Halliburton rose $1.93, or about 3.2%, to $62.83 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $63.88. Weatherford (WFT), which is scheduled to report on its quarter this Friday, April 25, is up 0.7% to $18.34. Meanwhile, Schlumberger (SLB), which reported Thursday morning, is up 1.7% today to $101.56 and Baker Hughes (BHI), which also reported Thursday before the open, is up 1.8% to $69.57.
News For HAL;WFT;SLB;BHI From The Last 14 Days
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March 27, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 21 to 1048
Baker Hughes reports that the U.S. Rig Count is down 21 rigs from last week to 1048, with oil rigs down 12 to 813, gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2. Says the U.S. Rig Count is down 761 rigs from last year at 1809, with oil rigs down 674, gas rigs down 85, and miscellaneous rigs down 2. The U.S. Offshore rig count is 34, down 3 rigs from last week, and down 16 rigs year over year. The Canadian Rig Count is down 20 rigs from last week to 120, with oil rigs down 12 to 18, and gas rigs down 8 to 102. The Canadian Rig Count is down 178 rigs from last year at 298, with oil rigs down 137, and gas rigs down 41.
12:20 EDTHAL, BHIHalliburton, Baker Hughes announce shareholder approval of merger
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March 26, 2015
11:30 EDTHALStocks with call strike movement; HAL YHOO
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March 25, 2015
15:52 EDTSLBSchlumberger unit seen pleading guilty in U.S. sanctions probe, WSJ says
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15:43 EDTSLBSchlumberger unit to pay $232.7M over violating U.S. sanctions, Dow Jones says
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09:01 EDTSLBDomtar announces investment by Schlumberger in CelluForce
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March 23, 2015
15:56 EDTBHI, HALSuperior Energy interested in Halliburton, Baker Hughes assets, Bloomberg says
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10:55 EDTSLBSchlumberger says global economy trend is slow but stead recovery intact
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09:37 EDTSLBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
07:16 EDTSLBHoward Weil to hold a conference
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March 20, 2015
13:02 EDTBHIBaker Hughes reports U.S. rig count down 56 to 1069
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09:22 EDTBHI, HALHalliburton, Baker Hughes to seek buyers for $10B in assets, Bloomberg says
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07:31 EDTSLBOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
07:19 EDTSLB, BHI, HAL, WFTWhite House expected to unveil fracking rules today, WSJ says
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March 16, 2015
10:21 EDTHALHalliburton falls, heads for test of support
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