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Stock Market & Financial Investment News

News Breaks
March 18, 2013
13:32 EDTSLB, RIG, RDC, BHI, PDE, NBR, WFT, HAL, DOOil services stocks fall after Schlumberger calls North America weak
A number of oil services stocks are falling after the leader in the sector, Schlumberger (SLB), stated on slides for the Howard Weil Conference that activity in North America has been below expectations in the first quarter. The company's customers have activated fewer rigs on the continent than they had previously indicated, Schlumberger explained. Schlumberger also stated that it was temporarily reducing its activity in Venezuela due to "collection issues." The company forecast that its earnings per share would grow by double digit percentage levels this year, in-line with its previous outlook, as long as North American land activity and prices meet its previous forecast and issues resolve in Venezuela. Meanwhile, the company forecast that demand for oil would increase just 1% in 2013 compared to 2012. The increase will be driven by developing markets, with China generating 50% of the growth, Schlumberger stated. In mid-afternoon trading, Schlumberger fell 3% to $77, Baker Hughes (BHI) gave back 2% to $47, Weatherford (WFT) lost 1.5% to $12, and Halliburton (HAL) lost 1.6% to $41.23.
News For SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO From The Last 14 Days
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October 15, 2014
07:11 EDTSLBSchlumberger initiated with a Buy at ISI Group
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07:11 EDTHALHalliburton initiated with a Buy at ISI Group
Target $97.
07:11 EDTBHIBaker Hughes initiated with a Buy at ISI Group
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07:09 EDTRDCRowan Companies initiated with a Buy at ISI Group
Target $41.
07:06 EDTNBRNabors Industries initiated with a Buy at ISI Group
Target $29.
07:05 EDTRIGTransocean initiated with a Sell at ISI Group
Target $27.
07:03 EDTDODiamond Offshore initiated with a Sell at ISI Group
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06:45 EDTBHIBaker Hughes upgraded to Buy from Neutral at Sterne Agee
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06:32 EDTBHI, HAL, SLB, WFTCiti rolls out Oil Services coverage, recommends two pair trades
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06:11 EDTWFTWeatherford initiated with a Neutral at Citigroup
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06:11 EDTSLBSchlumberger initiated with a Neutral at Citigroup
Target $92.
06:08 EDTHALHalliburton initiated with a Neutral at Citigroup
Target $56.
06:07 EDTBHIBaker Hughes initiated with a Buy at Citigroup
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October 14, 2014
18:20 EDTNBROn The Fly: After Hours Movers
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18:14 EDTNBRNabors Industries initiated with a Buy at ISI Group
Target $29.
October 13, 2014
08:02 EDTSLBOneSubsea awarded $270M contract for Pemex Lakach Deepwater Development
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a subsea production systems contract totaling more than $270M for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services. Deliveries are expected to begin in June 2016.
October 10, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 8 to 1930
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10:01 EDTWFT, HALOn The Fly: Analyst Upgrade Summary
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05:53 EDTWFTWeatherford upgraded to Buy from Hold at Societe Generale
Societe Generale upgraded Weatherford to Buy with a $24 price target.
05:53 EDTHALHalliburton upgraded to Buy from Hold at Societe Generale
Societe Generale upgraded Halliburton to Buy with a $75 price target.
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