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Stock Market & Financial Investment News

News Breaks
June 25, 2014
12:10 EDTWFT, SLB, HAL, BHISchlumberger 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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February 27, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 43 from last week
Baker Hughes reported U.S. rig count is down 43 rigs from last week to 1267, with oil rigs down 33 to 986, gas rigs down 9 to 280, and miscellaneous rigs down 1 to 1. It stated U.S. rig count is down 502 rigs from last year at 1769, with oil rigs down 444, gas rigs down 55, and miscellaneous rigs down 3. The U.S. Offshore rig count is 51, down 3 rigs from last week, and down 4 rigs year over year. Canadian rig count is down 30 rigs from last week to 330, with oil rigs down 13 to 171, and gas rigs down 17 to 159, Baker Hughes added.
10:52 EDTBHIOptions with increasing implied volatility
Options with increasing implied volatility: WBAI ARCP BHI TLM ODP
February 26, 2015
10:56 EDTBHIOptions with increasing implied volatility
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February 25, 2015
10:49 EDTBHIOptions with increasing implied volatility: DO BHI DRC
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08:54 EDTHALHalliburton weakness creates buying opportunity, says BMO Capital
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February 23, 2015
07:37 EDTHALCredit Suisse to hold a summit
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06:06 EDTHALStocks with implied volatility movement; JNJ NUGT
Stocks with implied volatility movement; Halliburton (HAL) 32, Rite Aid (RAD) 34 according to iVolatility.
February 20, 2015
13:05 EDTBHIBaker Hughes says U.S. rig count down 48 from last week
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February 18, 2015
10:05 EDTSLB, WFT, HAL, BHIOn The Fly: Analyst Initiation Summary
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08:59 EDTHAL, SLB, BHISchlumberger, Halliburton, and Baker Hughes estimates cut at Goldman
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06:54 EDTWFTWeatherford initiated with an Outperform at BMO Capital
Target $16.
06:54 EDTSLBSchlumberger initiated with an Outperform at BMO Capital
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06:53 EDTHALHalliburton initiated with an Outperform at BMO Capital
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06:53 EDTBHIBaker Hughes initiated with an Outperform at BMO Capital
Target $78.
February 17, 2015
17:13 EDTBHIPoint72 gives quarterly update on stakes
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13:18 EDTHALOmega Advisors gives quarterly update on stakes
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February 15, 2015
18:10 EDTHAL, BHIValueAct buys 30M shares of Halliburton after Baker Hughes deal, Bloomberg says
ValueAct Capital has accumulated a 30M share stake in oilfield-services provider Halliburton (HAL) in addition to its holdings in peer Baker Hughes (BHI) as the investor stands behind an agreed merger of the oilfield-services providers, says Bloomberg. Reference Link
February 13, 2015
17:05 EDTHALAppaloosa gives quarterly update on stakes
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13:02 EDTBHIBaker Hughes reports U.S. rig count down 98 to 1358
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