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2019-02-13 17:03:40
OII
Oceaneering
$15.47
0.22 (1.44%)
17:03
02/13/19
02/13
17:03
02/13/19
17:03
Oceaneering reports Q4 EPS 7c, consensus (26c)
Reports Q4 revenue $495.1M, consensus $4874.99M.
14
Feb
OIIOceaneering
$15.47
0.22 (1.44%)
12/28/18
WELS
12/28/18 NO CHANGEWELS
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."
12/20/18
SOCG
12/20/18 DOWNGRADETarget $16 SOCG Hold
Oceaneering downgraded to Hold from Buy at Societe Generale
Societe Generale analyst Edward Muztafago downgraded Noble Corp to Hold from Buy and lowered his price target to $16 from $29.
10/16/18
RHCO
10/16/18 NO CHANGETarget $24 RHCO Hold
Oceaneering price target raised to $24 from $18 at SunTrust
SunTrust analyst Ken Sill raised his price target on Oceaneering to $24, saying that its FY18 deepwater activity should mark a trough and head higher next year. The analyst notes that his new price target assumes a 14-times FY19 EBITDA multiple, which is a premium to the company's historical valuations but suitable based on his expected start of a multi-year up-trend. Sill also keeps his Hold rating however, adding that expectations of "offshore upstream spending hasn't yet manifested itself in the form of a steady increase in the offshore rig count".
10/12/18
10/12/18 NO CHANGE
Societe Generale cuts Weatherford to sell amid oil services rating shake-up
As previously reported, Societe Generale analyst Edward Muztafago made several ratings changes in the oil services space as he recommended rotating more fully into offshore and reducing U.S. land exposure. He views U.S. activity being poised for constrained growth following an anticipated recovery from "the current frac malaise," while believing offshore activity appears set to inflect, Muztafago tells investors. With that backdrop view, he upgraded Ensco (ESV), Noble Corp. (NE) and Oceaneering (OII), all to Buy from Hold, downgraded Halliburton (HAL) to Hold from Buy and lowered his rating on Weatherford (WFT) to Sell from Buy. Current U.S. challenges and the "stock market meltdown" create risk to Weatherford's asset divestiture plans that investors are so concerned about and "stumbles may not be well received," Muztafago stated.