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BHGE

Baker Hughes

$24.62

0.23 (0.94%)

13:04
02/08/19
02/08
13:04
02/08/19
13:04

Baker Hughes reports U.S. rig count up 4 to 1,049 rigs

Baker Hughes reports that the U.S. rig count is up 4 rigs from last week to 1,049 rigs, with oil rigs up 7 to 854 and gas rigs down 3 to 195. The U.S. Rig Count is up 74 rigs from last year's count of 975, with oil rigs up 63 and gas rigs up 11. The U.S. Offshore Rig Count is unchanged at 19 rigs and up 3 rigs year-over-year. The Canada Rig Count is down 3 rigs from last week to 240, with oil rigs down 1 to 158 and gas rigs down 2 to 82. The Canada Rig Count is down 85 rigs from last year's count of 325, with oil rigs down 63 and gas rigs down 22.

  • 10

    Feb

BHGE Baker Hughes
$24.62

0.23 (0.94%)

12/26/18
PIPR
12/26/18
NO CHANGE
PIPR
Piper Jaffray lowers Core Labs, Liberty Oilfield Services, Oil States targets
Piper Jaffray analyst Bill Herbert has updated his supply/demand framework for the oil sector in Q4 with the assumption of oil prices trading near the low end of the $50-$60 per barrel range in the first half of 2019. The analyst says he is also lowering his drilling rig forecast to reflect the numerous field level activity and reducing his price target on Oil Service names to reflect the findings. Herbert lowers the price target on Basic Energy Services (BAS) to $10 from $11, Baker Hughes (BHGE) to $33.50 from $38, C&J Energy (CJ) to $23.50 from $29, FTS International (FTSI) to $12.50 from $17.25, Gardner Denver (GDI) to $29 from $32, Liberty Oilfield Services (LBRT) to $21 from $27, National Oilwell (NOV) to $32 from $42, Oil States (OIS) to $17 from $25.50, Quintana Energy Services (QES) to $8 from $11.50, RPC Inc (RES) to $11.75 from $15.25, Tenaris (TS) to $34 from $42.50, Mammoth Energy Services (TUSK) to $28 from $36.50, Select Energy Services (WTTR) to $15.15 from $16.50, and Cactus (WHD) to $32 from $44.
12/28/18
WELS
12/28/18
NO CHANGE
WELS
Wells sees 'rocky times ahead' for Oil Services and Equipment market
Emerging data points suggest "rocky times ahead" for the North American Oil Services and Equipment market in early 2019, Wells Fargo analyst Judson Bailey tells investors in a research note. As oil prices and macro conditions have weakened to end 2018, a number of recent conversations suggest a "quickly deteriorating" outlook for exploration and production budgets, activity levels and pricing over the first few months of 2019, adds the analyst. He believes the case for "much needed consolidation" across the U.S. oilfield services landscape "has never been greater."
01/10/19
JEFF
01/10/19
NO CHANGE
JEFF
Jefferies downgrades Superior Energy to Underperform, Keane Group to Hold
Oil Services & Equipment companies are worth less than historically given structural challenges and a looming fifth year of estimate cuts, Jefferies analyst Brad Handler tells investors in a research note. Following the recent weakness in the sector, the analyst is only downgrading two names. However, he encourages investors to look to sell into any rallies if the current upswing trade "has legs." Handler's top sector picks are Baker Hughes (BHGE), Helmerich & Payne (HP) and Apergy (APY). Each has distinct growth potential, generate cash and have low or manageable debt, he says. The analyst downgrades Superior Energy to Underperform from Hold and lowered his price target for the shares to $3 from $4.50. He also downgrades Keane Group (FRAC) to Hold from Buy and lowered his price target for the shares to $10 from $12. Both companies are "vulnerable to more earnings erosion," Handler writes. He believes Superior's offshore outlook appears less prospective given lower oil prices while its underperforming U.S. businesses can cede more price. For Keane, the analyst fears price erosion as dedicated customers "re-up." He also believes consensus estimates "carry much higher EBITDA/fleet than for several peers."
01/17/19
STFL
01/17/19
NO CHANGE
STFL
Stifel lowers Oilfield Services and Equipment estimates
Stifel analyst Stephen Gengaro said he expects overall E&P capital spending to be about flat in the U.S. market and he cut his forecast for U.S. drilling and completion activity based on the current WTI crude oil strip. He lowered his U.S rig count projections by 50 to 1,050 rigs in 2019 and by 100 to 1,150 rigs in 2020 and he cut his 2019 EBITDA forecast by roughly 10% on average. Based on the changes in estimates, Gengaro lowered his earnings expectations for the majority of the names he covers and cut his price targets on several. Among the largest target changes, he lowered his price target on Core Laboratories (CLB) to $86 from $110, cut his target on Emerge Energy (EMES) to $3 from $5, reduced his target on Halliburton (HAL) to $37 from $45 and trimmed his target on Superior Energy (SPN) to $5 from $9. Others in the space that Gengaro covers include Baker Hughes (BHGE), DMC Global (BOOM), Civeo (CVEO), Keane Group (FRAC), FTS International (FTSI), Liberty Oilfield Services (LBRT), National Oilwell (NOV), Oil States (OIS), Pioneer Energy (PES), ProPetro Holding (PUMP), RPC, Inc. (RES), Schlumberger (SLB), U.S. Silica (SLCA), Smart Sand (SND), Solaris Oilfield (SOI), Tenaris (TS), Tetra Technologies (TTI) and Weatherford (WFT).

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SPY

SPDR S&P 500 ETF Trust

$298.86

1.07 (0.36%)

, SPX

S&P 500

$0.00

(0.00%)

20:32
07/18/19
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General News
Trump to nominate Gene Scalia as Secretary of Labor »

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SPDR S&P 500 ETF Trust

$298.86

1.07 (0.36%)

SPX

S&P 500

$0.00

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AXP

American Express

$128.40

1.355 (1.07%)

, BLK

BlackRock

$474.98

4.06 (0.86%)

20:25
07/18/19
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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AXP

American Express

$128.40

1.355 (1.07%)

BLK

BlackRock

$474.98

4.06 (0.86%)

SLB

Schlumberger

$38.78

0.15 (0.39%)

SYF

Synchrony

$36.09

0.54 (1.52%)

STT

State Street

$56.27

1.67 (3.06%)

CFG

Citizens Financial

$34.62

0.27 (0.79%)

RF

Regions Financial

$14.76

0.06 (0.41%)

KSU

Kansas City Southern

$118.03

1.22 (1.04%)

ALV

Autoliv

$69.88

0.04 (0.06%)

GNTX

Gentex

$23.54

0.01 (0.04%)

MAN

ManpowerGroup

$90.30

0.82 (0.92%)

CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

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POST

Post Holdings

$108.09

0.64 (0.60%)

20:12
07/18/19
07/18
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20:12
Upgrade
Post Holdings rating change at Piper Jaffray »

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VMW

VMware

$174.34

0.13 (0.07%)

19:01
07/18/19
07/18
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19:01
Hot Stocks
VMware to acquire Bitfusion, terms not disclosed »

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  • 03

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

, SKX

Skechers

$34.75

0.35 (1.02%)

18:50
07/18/19
07/18
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18:50
Hot Stocks
Fly Intel: After Hours Movers »

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CRWD

Crowdstrike

$72.75

1.77 (2.49%)

SKX

Skechers

$34.75

0.35 (1.02%)

EXPO

Exponent

$61.63

0.83 (1.37%)

MSFT

Microsoft

$136.29

0.06 (0.04%)

CHWY

Chewy

$32.79

1.14 (3.60%)

RRGB

Red Robin

$30.58

0.32 (1.06%)

GCI

Gannett

$7.90

-0.185 (-2.29%)

IFRX

InflaRx

$3.12

0.05 (1.63%)

BA

Boeing

$361.17

-8.28 (-2.24%)

MVIS

MicroVision

$0.86

0.0458 (5.62%)

OZK

Bank OZK

$28.61

0.5 (1.78%)

ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

AA

Alcoa

$23.42

0.27 (1.17%)

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

, MGP

MGM Growth

$30.00

-0.06 (-0.20%)

18:50
07/18/19
07/18
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18:50
Periodicals
MGM said to consider sale-leaseback of Bellagio, MGM Grand, Bloomberg says »

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

MGP

MGM Growth

$30.00

-0.06 (-0.20%)

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  • 25

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AAL

American Airlines

$33.75

0.5 (1.50%)

, UAL

United Continental

$95.27

0.44 (0.46%)

18:49
07/18/19
07/18
18:49
07/18/19
18:49
Periodicals
POTUS meets with U.S. airlines over Qatar subsidy accusations, Reuters says »

U.S. President Donald…

AAL

American Airlines

$33.75

0.5 (1.50%)

UAL

United Continental

$95.27

0.44 (0.46%)

JBLU

JetBlue

$19.23

0.14 (0.73%)

FDX

FedEx

$165.39

0.375 (0.23%)

AAWW

Atlas Air

$42.58

0.79 (1.89%)

BA

Boeing

$361.17

-8.28 (-2.24%)

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    Nov

NUE

Nucor

$54.68

-0.03 (-0.05%)

18:44
07/18/19
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18:44
Hot Stocks
Nucor CEO: We are very pleased with the results from the tariffs »

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NABZY

National Australia Bank

$0.00

(0.00%)

18:30
07/18/19
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Hot Stocks
National Australia Bank names Ross McEwan as new CEO »

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BAC

Bank of America

$29.48

0.3 (1.03%)

18:22
07/18/19
07/18
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Hot Stocks
Bank of America CEO: Millennials are a huge customer base for us »

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  • 06

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TAP

Molson Coors

$54.37

0.08 (0.15%)

18:06
07/18/19
07/18
18:06
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18:06
Hot Stocks
Molson Coors raises quarterly dividend to 57c from 41c per share »

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  • 31

    Jul

MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
07/18/19
07/18
18:04
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18:04
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft up over 2%…

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  • 18

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

18:02
07/18/19
07/18
18:02
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18:02
Hot Stocks
Basic Energy announces record setting lateral completion in Permian Basin »

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  • 01

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
07/18/19
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18:02
Hot Stocks
Microsoft CFO continues to expect double digit revenue growth in FY20 »

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  • 18

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QTRH

Quarterhill

$1.23

(0.00%)

18:02
07/18/19
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18:02
Hot Stocks
WiLAN unit acquires patent portfolio from Vidiator »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
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Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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  • 18

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RRGB

Red Robin

$30.58

0.32 (1.06%)

18:00
07/18/19
07/18
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18:00
Hot Stocks
Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
07/18/19
07/18
17:54
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17:54
Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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  • 24

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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
07/18/19
07/18
17:53
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Hot Stocks
Red Robin confirms $40.00 per share cash buyout proposal from Vintage Capital »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
07/18/19
07/18
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Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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  • 18

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
07/18/19
07/18
17:46
07/18/19
17:46
Hot Stocks
Harvard Bioscience names Michael Rossi CFO »

Harvard Bioscience has…

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
07/18/19
07/18
17:43
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17:43
Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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  • 18

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
07/18/19
07/18
17:38
07/18/19
17:38
Hot Stocks
Intuitive Surgical falls after Q2 report, despite earnings beat »

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
07/18/19
07/18
17:33
07/18/19
17:33
Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

This is the highest level…

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
07/18
17:29
07/18/19
17:29
Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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