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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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March 30, 2015
07:28 EDTSLBPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
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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