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SLB

Schlumberger

$66.73

0.23 (0.35%)

, PTEN

Patterson-UTI

$19.80

0.21 (1.07%)

05:22
02/27/18
02/27
05:22
02/27/18
05:22

Schlumberger added to the US 1 List. Patterson-UTI removed at BofA/Merrill

SLB

Schlumberger

$66.73

0.23 (0.35%)

PTEN

Patterson-UTI

$19.80

0.21 (1.07%)

  • 20

    Apr

SLB Schlumberger
$66.73

0.23 (0.35%)

02/14/18
COWN
02/14/18
NO CHANGE
Target $85
COWN
Outperform
Schlumberger 2018 estimates may be at risk, says Cowen
Cowen analyst Marc Bianchi lowered his estimates on Schlumberger following its Q1 update. The analyst cited sluggish pressure pumping growth, elevated competition, and pricing weakness in North America. The analyst noted the company seemed optimistic about second half pricing, but said the Q1 numbers add risk to 2018 overall. Bianchi maintained his Outperform rating and $85 price target on Schlumberger shares.
02/26/18
BOFA
02/26/18
UPGRADE
BOFA
Buy
Schlumberger upgraded to Buy from Neutral at BofA/Merrill
02/26/18
BOFA
02/26/18
UPGRADE
Target $79
BOFA
Buy
Schlumberger upgraded to Buy on international activity at BofA/Merrill
As previously reported, BofA/Merrill upgraded Schlumberger (SLB) to Buy from Neutral and trimmed its price target to $75 from $79. Analyst Timna Tanners said shares underperformed and fund ownership fell in 2017 as investor focus shifted towards more shale-focused names. Tanners believes the oil/gas price recovery cycle will shift focus to International with activity slowing recovering and pricing firming more in 2019. Further, the analyst believes SPM's contribution is underappreciated and expects a project payoff and/or stake sale in 2019.
02/26/18
02/26/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Hold at Loop Capital by analyst Rick Paterson, who attributed the recent selloff, in part, to news on February 9 that Amazon (AMZN) plans to offer some limited parcel delivery services to third parties. The analyst believes concerns around Amazon "may be a little overblown." Paterson believes Amazon represents about 4%-6% of "lower margin" revenues at UPS. If all of that is ultimately brought into Amazon's own network, "that's hardly a disaster," he contended. 2. Schlumberger (SLB) upgraded to Buy from Neutral at BofA/Merrill by analyst Timna Tanners, who said shares underperformed and fund ownership fell in 2017 as investor focus shifted towards more shale-focused names. Tanners believes the oil/gas price recovery cycle will shift focus to International with activity slowing recovering and pricing firming more in 2019. Further, the analyst believes SPM's contribution is underappreciated and expects a project payoff and/or stake sale in 2019. 3. HP Inc (HPQ) upgraded to Overweight from Neutral at JPMorgan by analyst Paul Coster, who cited valuation following the company's Q1 results. The analyst believes the shares may now look attractive for value investors and sees U.S. tax reform and foreign currency moves as tailwinds. 4. Finish Line (FINL) upgraded to Positive from Neutral at Susquehanna by analyst Sam Poser, who said channel checks indicate that sales and promotional trends in Q4 were not as bad as its guidance anticipated. He believes management has better positioned the company's marketing and promotional calendar as an adjustment to the late tax refund checks. 5. Duke Energy (DUK) upgraded to Buy from Hold at Deutsche Bank (DB) by analyst Jonathan Arnold, who said Friday's constructive order from the North Carolina Utilities Commission in the Duke Energy Progress rate case effectively allows recovery of a majority of the utility's historical costs related to coal ash basin closures. He sees the order as largely resolving the outstanding regulatory risk associated with coal ash cost recovery in North Carolina and likely offering a positive read-across to the larger Duke Energy Carolinas rate case. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PTEN Patterson-UTI
$19.80

0.21 (1.07%)

01/09/18
SPHN
01/09/18
INITIATION
Target $29
SPHN
Overweight
Patterson-UTI initiated with an Overweight at Stephens
Stephens analyst Tommy Moll started Patterson-UTI with an Overweight rating and $29 price target.
01/10/18
01/10/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Helmerich & Payme (HP), Nabors (NBR), RPC, Inc (RES), Basic Energy (BAS) and Superior Energy (SUP) initiated with an Equal Weight at Stephens. The firm also initiated ProPetro (PUMP), Keane (FRAC) and Patterson-UTI (PTEN) with an Overweight. 2. Molson Coors (TAP) and Constellation Brands (STZ) initiated with an Overweight at Barclays, while Brown-Forman (BFA, BFB, BF.A, BF.B) was initiated with an Equal Weight. 3. Cisco (CSCO) assumed with an Overweight at Piper Jaffray, while F5 Networks (FFIV) and Juniper (JNPR) were assumed with a Neutral. 4. CorSite Realty (COR) initiated with an overweight at MUFG. 5. Epizyme (EPZM) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
BMOC
02/14/18
UPGRADE
BMOC
Outperform
Patterson-UTI upgraded to Outperform from Market Perform at BMO Capital
02/14/18
BMOC
02/14/18
UPGRADE
Target $24
BMOC
Outperform
Patterson-UTI upgraded to Outperform at BMO Capital on improving fundamentals
As reported earlier, BMO Capital analyst Daniel Boyd upgraded Patterson-UTI to Outperform from Market Perform with a $24 price target, saying the company is "one of the most oversold OFS stocks despite improving fundamentals". Boyd notes that while 2018 capital expenditure forecast is disappointing, the free cash flow yield of 3.7% could produce a dividend increase later this year, adding that the recent selloff was "excessive", exacerbated by crowded positioning.

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Banco Bradesco

$6.81

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