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Stock Market & Financial Investment News

News Breaks
December 14, 2012
10:16 EDTHAL, WFT, SLB, BHISchlumberger retreats after issuing profit warning
Schlumberger (SLB), which provides products and services for fossil fuel exploration, is slumping after the company reported that it is experiencing contractual delays and higher than usual seasonal weakness in its Europe/ex-Soviet Union/Africa region. Furthermore, the company warned that it's encountering weaker than expected activity on land in the U.S. and western Canada. Schlumberger expects these developments to reduce its earnings per share by 5c-7c, the company stated. In mid-morning trading, Schlumberger slumped $4.21, or 5.80%, to $68.35. A number of Schlumberger's competitors also declined, with Halliburton sliding 1.76% to $32.92, Baker Hughes (BHI) giving back 2.73% to $41.03, and Weatherford (WFT) losing 0.57% to $10.44.
News For SLB;HAL;BHI;WFT From The Last 14 Days
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May 28, 2015
07:32 EDTSLBCameron and Schlumberger's OneSubsea awarded $330M contract
Cameron (CAM) and Schlumberger (SLB) company OneSubsea has been awarded a subsea production systems contract totaling more than $330M for a gas project offshore North Africa. Deliveries are expected to begin in 3Q16.
May 26, 2015
09:58 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:15 EDTWFT, WFTWeatherford downgraded to Underperform from Outperform at CLSA
CLSA downgraded Weatherford to Underperform from Outperform despite raising its price target to $15 from $12. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 22, 2015
13:08 EDTBHIBaker Hughes reports U.S. rig count down 3 to 885
Baker Hughes reported the U.S. rig count is down 3 rigs from last week to 885, with oil rigs down 1 to 659, gas rigs down 1 to 222, and miscellaneous rigs down 1 to 4.
May 20, 2015
15:01 EDTHALHalliburton reaches agreement with BP to resolve remaining issues
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May 19, 2015
08:23 EDTHAL, BHISiemens bond plan keeps it in running for Halliburton assets, Bloomberg says
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07:31 EDTSLB, HAL, WFTUBS to hold a conference
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May 15, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 6 to 888 rigs
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07:09 EDTHALHayman Capital gives quarterly update on stakes
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05:46 EDTBHIStocks with implied volatility movement; BHP AVP
Stocks with implied volatility movement; Avon Products (AVP) 77, Baker Hughes (BHI) 27 according to iVolatility.

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