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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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July 20, 2015
07:02 EDTHALHalliburton expects global markets will remain 'transitional'
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07:01 EDTHALHalliburton reports Q2 continuing ops EPS 44c ex-items, consensus 29c
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06:50 EDTSLBSchlumberger upgraded to Outperform from Market Perform at Wells Fargo
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06:36 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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July 17, 2015
14:58 EDTHALHalliburton July weekly 40 straddle priced for 4.6% movement into Q2
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13:53 EDTHALHalliburton technical comments ahead of results
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13:03 EDTBHIBaker Hughes reports U.S. rig count down 6 to 857 rigs
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10:00 EDTBHI, HAL, SLBSchlumberger CEO says Halliburton deal creating 'uncertainty' for customers
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09:53 EDTSLBSchlumberger says Q3 could 'potentially represent bottom' for revenue
Schlumberger management said on the company's Q2 earnings call that in North America in Q3 they expect a slight increase in activity on land, but they see this being offset by weakening offshore activity and further pricing pressure, both on land and offshore. Internationally, they see no "major change" in Q3 and they thinks the "overall weak activity" is going to continue, adding that they expect sustained pricing pressure. At this stage, the company's cost structure and field capacity is "really tailored" to its Q2 activity level, but, for now, they have decided to preserve the current structure for Q3 in order to be ready for increased activity going forward, the company added. Management said, "We are prepared to live with the temporary margin impact that carrying these slightly elevated levels of resources is going to have. It's not going to be a huge impact on margins but it's going to be a little bit more than what we could have managed if we were to cut even deeper."
09:47 EDTSLBSchlumberger says Q3 EPS consensus of 77c 'pretty realistic'
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09:35 EDTSLBActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB
July 16, 2015
19:04 EDTSLBOn The Fly: After Hours Movers
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16:21 EDTSLBSchlumberger says E&P investment in N. America to fall by more than 35% in 2015
The company said, "E&P investment in North America is now expected to fall by more than 35% in 2015 driven by lower land activity and increased pricing pressure. We believe that the North American rig count may now be touching the bottom, and that a slow increase in both land drilling and completion activity could occur in the second half of the year. In the international market, E&P spending is now expected to drop more than 15%. We do not expect any upward adjustment to existing 2015 budgets but see a continuation of first-half trends with low exploration activity, tight management of development-related spend, and continued pricing pressure. In this challenging market, we remain focused on the things we can control, which include our cost and resource base, the effective deployment of our technology and expertise, and the quality and integrity of the products and services we provide to our customers. The success of this approach can be seen in our strong international margins despite the drop in revenue and in our ability to maximize our performance in North America. We remain very confident in our capacity to continue to weather the current downturn better than our surroundings, and better than in previous downturns. Our global strength, our technology differentiation, and our accelerated corporate transformation are creating a great platform for us to increase revenue market share, deliver lower reductions in earnings per share than our peers, and continue to reduce working capital and capex intensity while generating higher levels of free cash flow.
16:19 EDTSLBSchlumberger says 'visibility still remains limited'
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16:18 EDTSLBSchlumberger maintains FY15 CapEx view approximately $2.5B
16:17 EDTSLBSchlumberger reports Q2 EPS 88c, consensus 79c
Reports Q2 revenue $9B, consensus $8.97B. Free cash flow of $1.5B represented 132% of earnings. Sequential decremental operating margin was 23%.
15:02 EDTSLBNotable companies reporting after market close
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11:40 EDTHALStocks with call strike movement; TAP HAL
Molson Coors (TAP) October 80 call option implied volatility decreased 5% to 32, Halliburton (HAL) October 46 call option implied volatility decreased 3% to 29 according to IVolatility.
08:53 EDTHALHalliburton July weekly volatility increases into Q2 and outlook
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July 15, 2015
15:35 EDTSLBSchlumberger July volatility elevated into Q2 and outlook
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