New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For SLB;HAL;CLR;CHK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
April 22, 2015
10:25 EDTCLR, CHKNomura U.S. energy analysts hold an analyst/industry conference call
Subscribe for More Information
10:02 EDTCLROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
07:52 EDTHALBaker Hughes price target raised to $78 from $72 at Susquehanna
Subscribe for More Information
07:15 EDTCLRContinental Resources initiated with a Buy at Nomura
Subscribe for More Information
07:13 EDTCHKChesapeake initiated with a Reduce at Nomura
Subscribe for More Information
April 21, 2015
09:23 EDTHALHalliburton added to Conviction List, Baker Hughes removed at Iberia
Iberia prefers equity exposure of Halliburton (HAL) versus the merger arbitrage of owning Baker Hughes (BHI). The firm expects the merged company to better compete for integrated project management work and shore up weaker products and services.
09:12 EDTHALHalliburton price target raised to $61 from $52 at Susquehanna
Subscribe for More Information
08:08 EDTHALBaker Hughes 'pleased with the progress' on planned combination with Halliburton
07:51 EDTHALHalliburton should be bought on any weakness, says Oppenheimer
Subscribe for More Information
07:45 EDTHALHalliburton well positioned for industry upturn, says UBS
UBS said the oil services downturn is playing out as expected and that Halliburton (HAL) is well positioned for the eventual upturn. The firm cited the company's ability to maintain margins, synergies from its merger with Baker Hughes (BHI), and the potential for major share repurchases. UBS reiterated its Buy rating and raised its price target to $60 from $50 on Halliburton shares.
07:04 EDTHALHalliburton price target raised to $56 from $48 at RBC Capital
Subscribe for More Information
April 20, 2015
10:43 EDTCHKStocks with call strike movement; AAL CHK
Subscribe for More Information
10:00 EDTSLB, HALOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:28 EDTHALHalliburton on track to complete Baker Hughes transaction late in 2H15
Continues to target annual cost synergies of $2B.
09:24 EDTHALHalliburton will 'take hard look" at its operations
The company said it had reduced the company headcount by 9000 in last two quarters. Looking ahead, the company expects further charges to be significantly smaller. Expects Q2 corporate expenses of $75M, which will be the new quarterly run rate in 2015. Sees Q2 tax rate of approximately 26%. Cuts FY15 CapEx to $2.8B from $3.3B. Expects to see budget constraints in Mexico.
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
Subscribe for More Information
08:43 EDTSLBSchlumberger downgraded at CLSA
As previously reported, CLSA downgraded Schlumberger to Underperform from Buy and maintained its $94 price target. The firm downgraded shares due to valuation and said the stock is discounting oil prices in the $70s and a rapid inflection in rig count.
08:43 EDTHALHalliburton downgraded at CLSA
Subscribe for More Information
08:23 EDTSLBSchlumberger price target raised to $107 from $96 at Susquehanna
Subscribe for More Information
07:48 EDTSLBSchlumberger price target raised to $110 from $95 at UBS
UBS raised its price target and estimates on Schlumberger to $110 from $95 citing its cost cutting strategies and margin losses that were lower than expected. UBS reiterated its Buy rating on Schlumberger shares.
07:21 EDTHAL, HALHalliburton downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
07:21 EDTSLB, SLBSchlumberger downgraded to Underperform from Buy at CLSA
07:09 EDTHALHalliburton records $823M after-tax charge in Q1 due to energy downturn
Subscribe for More Information
07:06 EDTHALHalliburton says visibility to depth, length of cycle remains uncertain
Subscribe for More Information
07:02 EDTHALHalliburton says international business more resilient than domestic market
“Total company revenue of $7.1B for the first quarter was down 4% year-over-year, significantly outpacing a 19% global rig count decline, and represented industry-leading performance amidst a challenging commodity price environment. Our global customer base has responded by lowering activity levels and seeking price concessions, which has impacted our margins. As evident by the restructuring charges taken during the quarter, we are taking steps to help mitigate the ongoing impact. North America experienced an unprecedented decline in drilling activity during the first quarter, which drove pricing pressure and margin compression across all product lines. First quarter revenue declined 9% and operating income declined 54%, year-over-year, compared to a 21% reduction in the United States land rig count. Activity has dropped approximately 50% from the peak in late November and we expect to continue to see pricing pressure for our services until the rig count stabilizes. Our international business has been more resilient than the domestic market, with the international rig count down 9% from the peak last July. We continue to anticipate headwinds across all of our international regions this year, as operators reduce their budgets. Lower commodity prices are influencing our customers to re-evaluate asset economics and defer new projects,” said CEO Dave Lesar.
07:01 EDTHALHalliburton reports Q1 adjusted EPS 49c, consensus 37c
Reports Q1 revenue $7.05B, consensus $6.99B.
April 17, 2015
18:20 EDTSLBSchlumberger cost cuts should propel stock, Barron's reports
Subscribe for More Information
13:28 EDTHALHalliburton technical comments ahead of results
Since hitting lows in December of last year, the stock has been in a recovery uptrend. If the news is bullish, resistance levels to watch as potential upside objectives would be at $48.91 and then at $50.64. If the news is more bearish than traders appear to expect, support levels to watch as potential downside objectives would be at $43.47 which is the 50-day moving average, $41.59, and $40.59.
13:08 EDTHALHalliburton April weekly volatility elevated into Q1 and outlook
Halliburton April weekly call option implied volatility is at 4-, May is at 28, June is at 27, July and October is at 26; compared to 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 20.
09:14 EDTSLBOn The Fly: Pre-market Movers
Subscribe for More Information
08:29 EDTHAL, SLBU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
06:33 EDTHALSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
05:17 EDTSLBSchlumberger sees supply tightening further in second half
Schlumberger Chairman and CEO Paal Kibsgaard commented, Looking at the macro environment, the global economy continues its steady recovery, and oil demand is still expected to increase by 1 million bbl/d in 2015. However, the significant reductions in E&P spend are starting to impact supply in both North America and internationally, and supply is expected to tighten further in the second half of the year. The largest drop in E&P investment is occurring in North America, where 2015 spend is expected to be down by more than 30%. We believe that a recovery in US land drilling activity will be pushed out in time, as the inventory of uncompleted wells builds and as the re-fracturing market expands. We also anticipate that a recovery in activity will fall well short of reaching previous levels, hence extending the period of pricing weakness. Internationally, we expect 2015 E&P spending to fall around 15%, which will create challenges in terms of both activity and pricing levels, but these challenges will be considerably less than the headwinds we are facing in North America. By geography, we anticipate growth in our key markets in the Middle East as the core OPEC producers continue to pursue market share as the non-OPEC part of the international supply base continues to weaken. Elsewhere, we expect to see overall activity reductions in Latin America, Europe, Sub-Saharan Africa, and in Asia, while in Russia, we believe that conventional land activity in Western Siberia will continue to be resilient, but that the revenue contribution from the region will remain subdued until the currency effects have normalized."
05:15 EDTSLBSchlumberger to reduce workforce by 11,000 employees
Subscribe for More Information
April 16, 2015
19:00 EDTSLBOn The Fly: After Hours Movers
Subscribe for More Information
16:10 EDTSLBSchlumberger sees FY15 CapEx approximately $2.5B
Subscribe for More Information
16:06 EDTSLBSchlumberger reports Q1 EPS $1.06, consensus 91c
Subscribe for More Information
15:53 EDTSLBSchlumberger April 92 straddle priced for 3.2% movement into Q1
Subscribe for More Information
15:23 EDTSLBNotable companies reporting after market close
Subscribe for More Information
13:51 EDTSLBSchlumberger technical comments before earnings
Subscribe for More Information
09:34 EDTSLBSchlumberger downgraded to Neutral from Buy at Global Hunter
Subscribe for More Information
07:52 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
Subscribe for More Information
07:19 EDTSLBOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
April 15, 2015
08:58 EDTHALOil services stocks should be bought on dips, says BMO Capital
Subscribe for More Information
06:16 EDTSLB, HALOil layoffs reach 100,000 and still going, WSJ reports
Subscribe for More Information
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.
10:31 EDTCHKAELP says McClendon did not approve Chesapeake settlement
Aubrey McClendon and American Energy Partners, LP responded to the announcement by American Energy – Utica and The Energy & Minerals Group that Chesapeake Energy (CHK) has dismissed AEU and the John Doe Defendants 1-20 from the lawsuit filed by Chesapeake on February 17. The statement read, "AEU apparently chose to settle with Chesapeake before any discovery was taken, evidently for the business purpose of mitigating further damage that Chesapeake's litigation has been having on AEU's business and financing activities. AEU has the right to resolve the case in this fashion, but this resolution should not be mistaken as reflecting an informed view of the merits of Chesapeake's claims or a concession of any liability by any party to Chesapeake. Although Mr. McClendon is a director and the single largest non-institutional shareholder in AEU, he did not approve the settlement and neither he nor AELP were advised of the negotiated terms of this settlement. AELP and Mr. McClendon will continue their efforts to have the dispute arbitrated as required by Mr. McClendon's agreements with Chesapeake. As he will show in the appropriate forum, Mr. McClendon rightfully possesses an extensive array of information about more than 16,000 wells, and the related leasehold acreage and future wells, he jointly owns with Chesapeake, including land, well, title, accounting, geological, engineering, reservoir, operating, marketing, and performance information. Mr. McClendon's well-documented agreements with Chesapeake gave him the right to own and use this information for his own purposes, including sharing it with his employees, contractors, advisors, consultants and affiliated entities."
10:16 EDTCHKAmerican Energy - Utica dismissed from Chesapeake lawsuit
Subscribe for More Information
09:20 EDTSLB, HALMorgan Stanley calls a bottom in Oil Services sector
Subscribe for More Information
April 13, 2015
10:00 EDTSLBOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
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.
<< 1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use