Weatherford International, Ltd. (NYSE: WFT) originally looked like it was going to be in serious trouble after its earnings debacle when the company said that investors could not rely on certain aspects…
Jon C. Ogg Gabelli & Co. is issuing a very loose defense of Weatherford International, Ltd. (NYSE: WFT) after Tuesday’s earnings blunder. This can be a dangerous game any time there is a withdrawal of…
Jon C. Ogg US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early…
Weatherford International (NYSE: WFT) is supposed to be a solid oil services outfit. It turns out that it may be a misfit when it comes to accounting. After a 12% drop, it…
Jon C. Ogg Just before noon ET today, all three major US stock indexes remain in positive territory, with the DJIA up nearly 45 points at about 12,995, the Nasdaq up 10 points at 2,962,…
Paul Ausick Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Thursday morning. ADTRAN, Inc. (NASDAQ: ADTN) Cut to Hold at Needham…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Brightpoint Inc. (NASDAQ: CELL) Reiterate as Buy with a $14 price…
Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, primarily as…
Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and production dropped.…
There are five companies that dominate the oil field services industry, and all have a market cap above $10 billion. The five are Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), National…
ThinkstockThe boom in natural gas production resulting from horizontal drilling and hydraulic fracturing (fracking) has come at a price. There is plenty of anecdotal evidence that the chemical stew of fluids used…
As an industry, the oil field services sector is doing very well. Its P/E ratio for the trailing twelve months is 36 and its price/book ratio is 6.0. With a few exceptions,…
24/7 Wall St. usually looks for the companies with upcoming events in the week ahead. During earnings season, we generally feature companies only with non-earnings events. This is our list of “The…
courtesy of BP plcBad weather in North America and Australia, political unrest in the Middle East and North Africa, and a slow return to drilling in the US Gulf of Mexico have…
Oil field services firm Halliburton Co. (NYSE: HAL) reported EPS of $0.61 for its first quarter, more than double its profit in the same period a year ago. Revenue reached $5.3 billion,…
