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Stock Market & Financial Investment News

News Breaks
June 25, 2014
12:10 EDTBHI, WFT, SLB, HALSchlumberger 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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April 16, 2015
13:21 EDTBHIBaker Hughes volatility low into Q1 and outlook
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09:34 EDTWFTWeatherford downgraded to Neutral from Accumulate at Global Hunter
09:34 EDTSLBSchlumberger downgraded to Neutral from Buy at Global Hunter
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07:52 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
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07:19 EDTSLBOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
April 15, 2015
08:58 EDTHAL, WFTOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTWFT, BHI, HAL, SLBOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
14:40 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
Schlumberger April call option implied volatility is at 53, May is at 27, August is at 23, November at 22; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
09:20 EDTHAL, SLB, BHIMorgan Stanley calls a bottom in Oil Services sector
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April 13, 2015
10:00 EDTSLBOn The Fly: Analyst Downgrade Summary
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08:31 EDTSLBSchlumberger downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Schlumberger to Market Perform based on valuation, international exposure, and continued weakening in the offshore space over the next two years.
April 10, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 40 to 988
Baker Hughes reports that the U.S. Rig Count is down 40 rigs from last week to 988, with oil rigs down 42 to 760, gas rigs up 3 to 225, and miscellaneous rigs down 1 to 3. Says the U.S. Rig Count is down 843 rigs from last year at 1831, with oil rigs down 757, gas rigs down 85, and miscellaneous rigs down 1. The U.S. Offshore rig count is 33, up 2 rigs from last week, and down 20 rigs year over year. Says the Canadian Rig Count is down 1 rig from last week to 99, with oil rigs unchanged at 20, and gas rigs down 1 to 79. The Canadian Rig Count is down 113 rigs from last year at 212, with oil rigs down 73, and gas rigs down 40.
10:00 EDTWFTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Bemis (BMS) upgraded to Buy from Neutral at BofA/Merrill... Gigamon (GIMO) upgraded to Outperform from Market Perform at William... Global Payments (GPN) upgraded to Overweight from Equal-Weight at First Analysis... Knight Transportation (KNX) upgraded on valuation, catalysts at Stifel... Macy's (M) upgraded to Buy from Neutral at Buckingham... Netflix (NFLX) upgraded to Buy from Neutral at Citigroup... Reckitt Benckiser (RBGLY) upgraded to Buy from Neutral at UBS... Union Pacific (UNP) upgraded on valuation, growth outlook at Stifel... Weatherford (WFT) upgraded to Outperform from Sector Perform at RBC Capital.
08:45 EDTWFTWeatherford upgraded to Outperform from Sector Perform at RBC Capital
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April 9, 2015
17:02 EDTBHIBaker Hughes announces suspension of well count, effective immediately
Baker Hughes announced that effective immediately it has suspended the quarterly publication of the U.S. onshore well count. In response to the recent market downturn and internal initiatives to reduce costs, the company has prioritized its resources to support the ongoing publication of the weekly North America and monthly International rig counts, which continue to provide a timely and relevant snapshot of evolving market conditions.
April 8, 2015
10:01 EDTWFTOn The Fly: Analyst Initiation Summary
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08:12 EDTWFTWeatherford initiated with an Equal Weight at Stephens
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08:12 EDTBHIBaker Hughes initiated with an Overweight at Stephens
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06:03 EDTBHIBaker Hughes reports March international rig count down 24 to 1,252
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April 7, 2015
16:19 EDTBHI, HALHalliburton to separately market certain businesses for sale
Halliburton (HAL) announced it will separately market for sale the companyís Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling, or LWD,/Measurement-While-Drilling, or MWD, businesses. The final sale of these businesses will not be completed until the company has reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburtonís board and final approvals of the Baker Hughes (BHI) acquisition by competition authorities. Halliburton will operate as one company, including the businesses held for sale, until the sale of the identified businesses is complete. Halliburton expects to complete the sale of the businesses in the same timeframe as the closing of the pending Baker Hughes acquisition late in the second half of 2015.
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