Posts for Ticker ‘SLB’

Next Week’s Top 10 Earnings on Deck (AAPL, UNH, YHOO, FCX, WFC, T, MCD, POT, MSFT, SLB)

NYSE Floor ImageWe have almost an endless wave of corporate earnings for the calendar Q3-2009 coming out next week.  We have what looks to be over 100 of the S&P 500 Index members reporting and what appears to be 12 current or ex-DJIA components reporting earnings as well.  Coming up with a Top 10 is almost unfair, but this coming week’s top ten earnings we will be focusing on are as follows: Apple Inc. (NASDAQ: AAPL), UnitedHealth Group Inc. (NYSE: UNH), Yahoo! Inc. (NASDAQ: YHOO), Freeport-McMoRan Copper & Gold (NYSE: FCX), Wells Fargo & Company (NYSE: WFC), AT&T Inc. (NYSE: T), McDonald’s Corporation (NYSE: MCD), Potash Corporation of Saskatchewan Inc. (NYSE: POT), Microsoft Corporation (NASDAQ: MSFT), and Schlumberger Limited (NYSE: SLB).

We screened out the companies whose destiny has already been set by competitor earnings from this last week and screened out the ones which will have no real broad impact but are still widely held and actively traded. Lastly, we screened out the drug and medical companies as we are featuring those in their own group at BioHealthInvestor.com.  A more detailed estimate count from Thomson Reuters has been provided, along with data showing performance from the March 9 close and the June 30 closing date along with other pertinent information on each stock.
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Posted on: October 16, 2009 – 1:12 pm in Calendar, Earnings, Editor's Picks, Internet, Large Cap Stocks, Technology Companies, , , , , , , , , ,

Top Analyst Upgrades (AXL, BRCD, CL, ELX, GRMN, PGR, Q, SLB, TTWO)

These are this Friday’s top analyst upgrades, initiations, and positive research calls seen early from Wall Street:

American Axle (NYSE: AXL) Raised to Overweight at Barclays.
Brocade (NASDAQ: BRCD) Started as Outperform at Oppenheimer.
Colgate-Palmolive (NYSE: CL) Raised to Buy at Goldman Sachs.
Emulex (NYSE: ELX) Raised to Buy at Argus.
Garmin (NASDAQ: GRMN) Raised to Buy at BofA/Merrill Lynch.
Progressive (NYSE: PGR) Raised to Buy at Goldman Sachs.
Qwest (NYSE: Q) Raised to Market-Weight at Thomas Weisel.
Schlumerberger (NYSE: SLB) Raised to Buy at Goldman Sachs.
Take-Two Interactive Software (NASDAQ: TTWO) Started as Outperform at Wells Fargo.
Textron (NYSE: TXT) Raised to Overweight at Barclays.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top upgrades and downgrades are out, for top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 11, 2009 – 8:12 am in Analyst Calls, , , , , , , , ,

When Solar Leaders Fall More Than Oil Giants… On Oil (FSLR, STP, SPWRA, TAN, XOM, SLB, OIH)

Solar Panel PicOil Well ImageSolar stocks are again trading no differently than a leveraged bet on oil prices.  This is something we have noted on many occasions and with oil down by another -$2.59 at $64.14 per barrel in NYMEX WTI, that is looking to be the case again.  An analyst call on First Solar, Inc. (NASDAQ: FSLR) is not helping, and these two outside issues are bringing down Suntech Power Holdings Co. Ltd. (NYSE: STP) and SunPower Corporation (NASDAQ: SPWRA).

Even the Claymore/MAC Global Solar Energy (NYSE: TAN) is getting hit.   Where this gets interesting is that oil giants Exxon Mobil Corp. (NYSE: XOM) on the integrated side is down only 1.6% and Schlumberger Limited (NYSE: SLB) on the services side is down less than 3% at $51.00.
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Posted on: July 6, 2009 – 10:11 am in Alternative Energy, Green Biz, Oil & Gas, Trading Alert, , , , , , ,

Top Analyst Upgrades (CAR, BAC, BCSI, CLRT, IHS, MA, PLXS, QTWW, SLB)

These are some of the top early bird analyst upgrades and positive research calls we are seeing from Wall Street this Thursday morning with more than two hours until the market opens:

Avis Budget (CAR) Raised to Equal Weight at Barclays.
Bank of America (BAC) Raised to Outperform at KBW.
Blue Coat Systems (BCSI) Raised to Buy at Merriman Curhan Ford.
Clarient (CLRT) Started as Outperform at Baird.
IHS (IHS) Started as Buy at Jefferies.
Mastercard (MA) Started as Buy at Piper Jaffray.
Plexus (PLXS) Raised to Outperform at Baird.
Quantum Fuel (QTWW) Started as Overweight at Thomas Weisel.
Schlumberger (SLB) Started as Buy at Societe Generale.

JON C. OGG

Posted on: June 11, 2009 – 6:28 am in Analyst Calls, , , , , , , , ,

Rig Counts Finally Chasing $60 and $65 Oil (BHI, USO, OIH, SLB)

offshore-rig-pic5It seems that the steady rise in oil prices is finally starting to support some stability in rig counts.  We just got some fresh weekly rig count data from Baker Hughes Inc. (NYSE: BHI) supporting some stability.  Prior weekly data was mixed on whether rig counts were really stabilizing, but the current data speaks for itself.  This may finally start to be reflected in the United States Oil (NYSE: USO) ETF, the Oil Services HOLDRs (OIH) and even in Schlumberger Limited (NYSE: SLB).
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Posted on: May 29, 2009 – 12:34 pm in ETF, Oil & Gas, , , ,

Top Analyst Upgrades & Downgrades (ADSK, AVY, CAT, DFS, FEIC, BEN, JWN, PMTC, SLB, VECO)

These are some of the top pre-market analyst calls with upgrades and downgrades from Wall Street firms this Thursday morning with more than two hours until the market opens:

AutoDesk  (ADSK) Started as Neutral at Janney Montgomery Scott.
Avery Dennison (AVY) Started as Underperform at Baird.
Caterpillar (CAT) Cut to Sell at UBS.
Discover Financial (DFS) Started as Outperform at FBR.
FEI Co. (FEIC) Started as Buy at Stifel Nicolaus.
Franklin Resources (BEN) Started as Outperform at Wachovia.
Nordstrom (JWN) Cut to Neutral at Credit Suisse.
Parametric Technology (PMTC) Started as Buy at Janney Montgomery Scott.
Schlumberger (SLB) Started as Neutral at HSBC.
Veeco Instruments (VECO) Started as Buy at Stifel Nicolaus.

JON C. OGG

Posted on: May 28, 2009 – 6:35 am in Analyst Calls, , , , , , , , , ,

Top Analyst Downgrades (AYE, AU, BJS, CEO, SLB, WX)

These are some of the general analyst downgrades we have seen this Monday morning from Wall Street:

Allegheny Energy (AYE) Cut to Neutral at Goldman Sachs.
Anglogold (AU) Cut to Neutral at UBS.
BJ Services (BJS) Cut to Hold at Jefferies.
CNOOC (CEO) Cut to Neutral at Credit Suisse.
Schlumberger (SLB) Cut to Hold at Jefferies.
WuXi PharmaTech (WX) Cut to Underperform at Jefferies.

JON C. OGG

Posted on: May 18, 2009 – 6:49 am in Analyst Calls, , , , , ,

T. Boone Pickens & BP Updated Stock Holdings (ANR, APC, COG, CHK, CNX, DVN, FLR, FWLT, HAL, MEE, OXY, STR, SLB, SU, RIG, WFT)

Pickens PicThis morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P.,  as of March 31, 2009.  Some of the higher stakes look to be in Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN), Suncor Energy Inc. (NYSE: SU), and Transocean Ltd. (NYSE: RIG).  Here is the full list of holdings for Pickens’ BP Capital with the implied value as of the reporting dat of March 31:

Posted on: May 15, 2009 – 11:37 am in Activist Investor, Insider Activity, Mutual Funds, Oil & Gas, , , , , , , , , , , , , , , ,

Williams, Other Services Companies in Venezuela’s Sights (WMB, HAL, SLB, BJS, BHI)

The Venezuelan government passed a law permitting the nationalization of oil field services companies, compensating companies for expropriating assets by issuing bonds instead of paying with cash. The law could even lead to the annulment of existing contracts.  Williams Companies (NYSE:WMB) appears to be the first target, and Halliburton Company (NYSE:HAL), Schlumberger Ltd. (NYSE:SLB), BJ Services Company (NYSE:BJS), and Baker Hughes Inc. (NYSE:BHI) could all be on the list.

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Posted on: May 8, 2009 – 9:55 am in Emerging Markets, Oil & Gas, Politics, , , , ,

Trouble Continues in Oilfield Services (SII, HAL, WFT, SLB)

oil-well-image11Well drilling and completion services just aren’t paying off for anyone this reporting season. Smith International Inc. (NYSE:SII) reported diluted EPS of $0.44 on revenues $2.41 billion. After deleting a restructuring charge of $34.8 million, EPS reaches $0.52. First quarter 2008 EPS was $0.87 on $2.37 billion in revenue.

Like its brethren oilfield services providers Halliburton Company (NYSE:HAL), Weatherford International Ltd. (NYSE:WFT), and Schlumberger Ltd. (NYSE:SLB), lowered targets didn’t rescue Smith.

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Posted on: April 27, 2009 – 8:38 am in Earnings, Oil & Gas, , , ,

Schlumberger Sort of Beats Low Expectations (SLB, HAL, WFT)

oil-well-image8The world’s largest oilfield services company, Schlumberger Ltd. (NYSE:SLB), reported earnings this morning. The resemblance to the earnings reports from Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE: WFT) from earlier this week is almost spooky.

Analysts had lowered estimates for both revenue and profit, and Schlumberger almost delivered. EPS for the first quarter was $0.78 against estimates of $0.73. Revenue totaled $6.0 billion ($5.44 billion in the services business and the rest from seismic services), which is slightly worse than estimates of $6.04 billion.
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Posted on: April 24, 2009 – 7:43 am in Earnings, Oil & Gas, , ,

Another Oilfield Services Firm Falters (BJS, HAL, WFT, SLB)

burning-money-pic16This is turning into a lousy week for oilfield services company. Today’s really downbeat earnings report from BJ Services Co. (NYSE:BJS) follows on yesterday’s weak reports from Halliburton Co. (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT).
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Posted on: April 21, 2009 – 8:48 am in Earnings, Oil & Gas, , , ,

Halliburton, Weatherford Stumble (HAL, WFT, SLB, OIH)

oil-well-image1Two of the largest oilfield services companies reported first quarter earnings today. Halliburton Company (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT) both came in close to analysts’ estimates, but that doesn’t look like it will satisfy investors. Schlumberger Ltd. (NYSE:SLB) reports earnings on Friday, and until then it will likely get tarred with the same brush as Halliburton and Weatherford.  To show how these are being received, the Oil Services HOLDRs (NYSE: OIH) are down over 3% in pre-market trading indications.
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Posted on: April 20, 2009 – 7:52 am in Earnings, Oil & Gas, , , ,

Margin Squeeze & Contract Changes Up & Down Oil Patch? (TOT, BP, RDS-A, E, SLB, HAL)

offshore-rig-pic52Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), and Royal Dutch Shell plc (NYSE:RDS-A) are reportedly asking for reductions of as much as 40% from European contractors Technip SA, CGGVeritas, and Saipem SpA, a subsidiary of Italian oil major Eni SpA (NYSE:E).

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Posted on: April 6, 2009 – 8:18 am in Oil & Gas, , , , , ,

Top Analyst Downgrades (AXP, ADSK, DKS, IFF, RBS, SLB)

These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning:

  • American Express (AXP) Cut to Sell from Neutral at Goldman Sachs.
  • Autodesk (ADSK) Cut to Underweight from Hold at KeyBanc.
  • Dick’s Sporting Goods (DKS) Cut to Neutral at Piper Jaffray.
  • International Flavors (IFF) Cut to Underweight at Morgan Stanley.
  • Royal Bank of Scotland (RBS) Cut to Hold at Citigroup.
  • Schlumberger (SLB) Cut to Hold at Citigroup.

JON C. OGG

Posted on: March 11, 2009 – 6:52 am in Analyst Calls, , , , , ,

Energy Stocks That Should Double (VLO, CHK, FSLR, COP, BHI)

money-stack-image20oil-well-image2solar-panel-pic11This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows.  The time frame is by the end of 2010, which is meant to coincide with some form of economic recovery next year.  This is not based on a sharp turn up in the economy. A number of the credit and financial issues facing the markets will be in place for the near-term or longer.  The other assumption used for choosing the stocks is a market bottom of roughly 600 on the S&P 500 Index.

In the energy sector, we have outlined the assumptions and the reasons for Baker Hughes Inc. (NYSE: BHI), Chesapeake Energy Corporation (NYSE: CHK), ConocoPhillips (NYSE: COP), First Solar, Inc. (NASDAQ: FSLR), and Valero Energy Corp. (NYSE: VLO).
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Posted on: March 10, 2009 – 11:00 am in Alternative Energy, Green Biz, Oil & Gas, , , , , , , , , ,

Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)

burning-money-pic15These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning:

  • Apogee (APOG) Cut to Sell at Piper Jaffray.
  • BJ Services (BJS) Cut to Sector Perform at RBC.
  • BJ’s Wholesale (BJ) Cut to Underperform at Credit Suisse.
  • Halliburton (HAL) Cut to Sector Perform at RBC.
  • Key Energy (KEG) Cut to Sector Perform at RBC.
  • Nabors (NBR) Cut to Sector Perform at RBC.
  • Omnicom (OMC) Cut to Sell at Deutsche Bank.
  • Patterson-UTI (PTEN) Cut to Underperform at RBC.
  • PG&E (PCG) Cut to Neutral at Credit Suisse.
  • Schlumberger (SLB) Cut to Sector Perform at RBC.
  • Wal-Mart (WMT) Cut to Hold from Buy at Citigroup.

JON C. OGG

Posted on: March 10, 2009 – 6:41 am in Analyst Calls, , , , , , , , , , ,

Transocean Misses the Mark (RIG, DO, SLB)

oil-well-image1Transocean Ltd. (NYSE:RIG) followed in the footsteps of competitors Diamond Offshore Drilling Inc. (NYSE: DO) and Schlumberger Ltd. (NYSE: SLB), reporting fourth quarter and full-year results that missed expectations. Transocean announced net income for the quarter of $800 million (EPS of $2.50) on revenue of $3.27 billion. Analysts had expected EPS of $3.70 on revenue of $3.29 billion.
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Posted on: February 17, 2009 – 10:02 am in Earnings, Oil & Gas, , ,

Good News in Oil Field Services Continues (NOV, HAL, WFT, SLB)

Oil_well_imageNational Oilwell Varco Inc. (NYSE:NOV) reported a solid beat of analysts’ estimates for the fourth quarter. After last week’s surprising earnings from Halliburton Co. (NYSE:HAL) and Weatherford International Limited (NYSE:WFT), National Oil Well Varco’s results were not entirely unexpected.

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Posted on: February 4, 2009 – 9:11 am in Earnings, Oil & Gas, , , ,

Smith International Sinks on (SII, SLB, HAL, BHI, WFT)

Smith International, Inc. (NYSE:SII) led the parade of oil field services stocks downhill yesterday. Smith opened Thursday more than $1.50/share lower than Wednesday’s close and finished the day even lower. Schlumberger Limited (NYSE:SLB), Baker Hughes Inc. (NYSE:BHI), Halliburton Company (NYSE:HAL), and Weatherford International Ltd. (NYSE:WFT) all followed suit.

Smith reported soft fourth quarter and full year results yesterday. Non-GAAP EPS amounted to $1.00 on income from continuing operations of $218.6 million and revenue of $3.06 billion. Analysts were expecting EPS of $1.02 on revenue of $3.04 billion.

The company’s CFO noted that Smith has "one of the best cash flow downturn profiles in our industry. Over the coming quarters, we would expect to generate significant free cash flow as the business contracts…." She didn’t explain what that means, exactly, but one could interpret it to mean that as economic conditions worsen, Smith will perform better. Sure, we’ll buy that.

Paul AusickAngrybear

Posted on: January 30, 2009 – 12:43 pm in Alternative Energy, , , , ,