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Stock Market & Financial Investment News

News Breaks
June 25, 2014
12:10 EDTSLB, BHI, HAL, WFTSchlumberger rises after long-term profit guidance beats expectations
Schlumberger (SLB) and its peers are rising after the oil and gas services company provided long-term profit guidance. WHAT'S NEW: At an investor conference earlier today, Schlumberger predicted that its earnings per share would increase at a compound annual growth rate of 17%-20%. In a note to investors earlier today, RBC Capital analyst Kurt Hallead wrote that the Street was expecting the company's EPS to grow at an annualized rate of 15%. Schlumberger predicted that its 2017 EPS would be $9-$10. The company said it could achieve its guidance through revenue growth, margin expansion, and share repurchases. Sclhumberger added that it expects oil markets to be "well-balanced" through 2017. It predicted that spending on exploration would be "subdued" in 2015, but it expects a renewed focus on exploration in 2016-2017. WHAT'S NOTABLE: Before Schlumberger announced its guidance today, Hallead predicted that the company's EPS would reach $8 in 2016. He kept an Outperform rating on the shares. PRICE ACTION: Near noon, Schlumberger climbed 5% to $112.25. Other companies in the sector also advanced, with Baker Hughes (BHI) rising 1.9% to $72.77, Halliburton (HAL) gaining 1.8% to $69.39, and Weatherford (WFT) adding 1% to $22.67.
News For SLB;BHI;HAL;WFT From The Last 14 Days
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October 23, 2014
08:43 EDTWFTWeatherford sees Q4 EPS 37c-40c, consensus 38c
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October 22, 2014
19:41 EDTWFTWeatherford expects to reduce net debt to $7B-$7.5B by year end
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19:35 EDTWFTWeatherford reports Q3 EPS 32c, consensus 33c
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October 21, 2014
12:06 EDTHALStocks with call strike movement; HAL EOG
Halliburton (HAL) January 60 call option implied volatility decreased 8% to 60, EOG Resources (EOG) January 105 call option implied volatility decreased 4% to 31 according to IVolatility.
10:00 EDTHALOn The Fly: Analyst Upgrade Summary
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06:15 EDTHALHalliburton upgraded to Buy from Neutral at Guggenheim
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October 20, 2014
09:22 EDTHALOn The Fly: Pre-market Movers
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09:22 EDTHALHalliburton sees Q4 North American revenue and margins flat to modestly higher
09:21 EDTHALHalliburton expects dividend to be be equal to at least 15%-20% of net income
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09:15 EDTHALHalliburton: We do not see momentum slowing anytime soon
Halliburton should begin to see impact of new contract pricing as company moves into 2015. Experienced some disruptions in early Q3 due to sand deliveries and nearly missed jobs, but company said it has taken actions to "get ahead of this issue going forward." Says Eastern Hemisphere activity expanding at a steady rate, expects to deliver double digit revenue growth in 2014. Expects Q4 in Eastern Hemisphere to be strongest quarter of the year due to seasonality. Looking ahead to 2015, rate of growth in Eastern Hemisphere may moderate due geopolitical issues. Expects to outpace peers in revenue growth. Expects to be at full operational capacity in Mexico, and excited about energy reform in Mexico. Expects to operate under more profitable contract in Q1 for Brazil. Expects a "much stronger 2015" with potential in the coming years. In the long term, believes lower oil prices is not sustainable, with supply and demand to be back in balance in a relatively short amount of time. Comments taken from Q3 earnings conference call.
07:03 EDTHALHalliburton reports Q3 C&P revenue $5.4B, D&E revenue $3.3B
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07:02 EDTHALHalliburton reports Q3 EPS ex-items $1.19, consensus $1.10
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06:55 EDTHALHalliburton board increases quarterly dividend by 20% to 18c
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October 17, 2014
17:50 EDTSLBSchlumberger is inexpensive and has room to rise, Barron's says
Shares of Schlumberger have fallen recently, as has the rest of the energy sector, but the stock has room to rise and is relatively inexpensive compared to its historical valuation, Barron's reports. Revenue growth was strong across the board in the third-quarter, during which several major contracts were won. The stock is also trading at close to 14.5 times analysts’ estimates for the next 12 months’ earnings, well below its historical average of 20, Barron's added. Reference Link
13:03 EDTBHIBaker Hughes reports U.S. rig count down 12 from last week to 1918
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08:58 EDTSLBSchlumberger sees FY15 exploration spending flat
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08:48 EDTSLBSchlumberger sees 5c-7c EPS growth in Q4 vs. Q3
Sees Libya and Russia continuing to have an affect on earnings during Q4. Libya's Q3 activity was down 50% year over year.
08:47 EDTSLBSchlumberger sees international earnings growth in FY15
Schlumberger management stated that Russian sanctions has a 2c per share impact on Q3. The company will re-size Libyan resources and oil rigs in Iraq are slowly going back into operation. Management stated that the company did several deals for artificial lift work. The company's outlook for global GDP growth softened slightly. The company sees Brent oil prices recovering and stabilizing. Management stated that global economic recover is remains intact. The company stated that global spare oil capacity is not increasing. Management stated that 10 new deep-water rigs are scheduled for delivery in Q4. The company sees a 6% decline in deep-water drilling, primarily driven by Brazil. The company sees FY15 deep-water drilling flat. The company sees FY 14 exploration spending down 4%-5%. Comments made during Q3 earnings conference call.
08:26 EDTBHICredit Suisse says its time to buy Baker Hughes
Credit Suisse believes Baker Hughes shares are "washed out" and believes its time to buy shares. The analyst is confident it can hit Q4 consensus EPS estimate of $1.26 given strength in pumping and any improvement in the Gulf of Mexico. Shares are Outperform rated with an $81 price target and $97 price target.
07:34 EDTBHIBaker Hughes maintains positive outlook despite uncertainty, says UBS
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