|Bid||37.32 x 1000|
|Ask||37.33 x 2900|
|Day's Range||36.80 - 38.08|
|52 Week Range||31.03 - 63.65|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||25.05|
|Earnings Date||Oct 18, 2019|
|Forward Dividend & Yield||2.00 (5.36%)|
|1y Target Est||47.16|
On CNBC's "Mad Money Lightning Round," Jim Cramer said we're nearing a bottom in Planet Fitness Inc (NYSE: PLNT ). He would be careful and buy it slowly. Paysign Inc (NASDAQ: PAYS ) is a nice ...
Sometimes a great stock with CAN SLIM traits needs to form two bases before breaking out to big gains. Look for a base-on-base pattern. Winnebago built one last year.
Schlumberger’s outlook had improved, Lynagh said in the upgrade note in which he cited three reasons for this view. Firstly, the company has an enhanced focus on returns under its new CEO Olivier Le Peuch, which could drive growth in earnings and free cash flows even without higher oil prices or service price improvements, Lynagh mentioned.
On Tuesday, Morgan Stanley analyst Connor Lynagh added momentum to the rebound, upgrading shares to Overweight and praising the strategy laid out by the company’s new CEO. Schlumberger (ticker: SLB) was up 3.6% to $37.54 in early trading on Tuesday. CEO Olivier Le Peuch, who took over on Aug. 1, has emphasized that he’ll find ways to boost the company’s margins, reduce its capital intensity and boost free cash flow and capital returns.
U.S. equities are pushing higher on Monday thanks once again to the promise of more cheap money stimulus. The Dow Jones Industrial Average is rising fast back towards the 27,000 level, bouncing nicely off of its 200-day moving average.The buyers' focus seems to be on energy and financials, with the two sectors enjoying gains of 0.6%. Energy is in focus amid renewed tensions in the Middle East between Iran and the West after Tehran announced it was installing new nuclear centrifuges. * 7 Industrial Stocks to Buy for a Strong U.S. Economy Here's a look at 7 cheap energy stocks that are ready for new money:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chesapeake Energy (CHK)Chesapeake Energy (NYSE:CHK) stock is emerging from its 50-day moving average for the first time since late April, setting up a reversal of the downtrend that resulted in a 50% decline off of its prior highs. Watch for a run at the 200-day moving average, which would be worth a gain of more than 40% from here.The energy stock will next report results on October 29 before the bell. Analysts are looking for a loss of nine cents per share on revenues of $1.2 billion. EnCana (ECA)Encana (NYSE:ECA) stock is also emerging from a multi-month downtrend pattern, setting the stage for a run at its 200-day moving average that would be worth a gain of 25% from here. The company, based in Alberta, is focused on the development of energy resources throughout Canada. * 7 Best Stocks That Crushed It This Earnings Season The company will next report results on October 31 before the bell. Analysts are looking for earnings of 16 cents per share on revenues of $1.9 billion. Denbury Resources (DNR)Denbury (NYSE:DNR) stock, like the other energy stocks here, is also emerging from a multi-month downtrend pattern ahead of a likely return to its 200-day moving average. Such a move would be worth a gain of roughly 40% from here.The company will next report results on November 7 before the bell. Analysts are looking for earnings of 9 cents per share on revenues of $324.4 million. Transocean (RIG)Transocean (NYSE:RIG) shares are rising to test their 50-day moving average, setting up a rally to the 200-day average that would be worth a gain of roughly 40% from here. The company is a services provider focused on the offshore space including ultra-deepwater. * 7 Best Stocks That Crushed It This Earnings Season The company will next report results on October 28 after the close. Analysts are looking for a loss of 35 cents per share on revenues of $772.5 million. Halliburton (HAL)Halliburton (NYSE:HAL) stock is also on the road to recovery, clamoring back towards its 50-day moving average in what looks like the preparation of a run at the 200-day average -- which would be worth a gain of 30% from here.The company will next report results on October 21 before the bell. Analysts are looking for earnings of 36 cents per share on revenues of $5.9 billion. Schlumberger (SLB)Schlumberger (NYSE:SLB) shares are up more than 5% as I write this to challenge its 50-day moving average. Watch for a run at the 200-day average, which coincides with the prior highs set in July, which would be worth a gain of more than 11% from here. * 7 Industrial Stocks to Buy for a Strong U.S. Economy The company will next report results on October 18 before the bell. Analysts are looking for earnings of 41 cents per share on revenues of $8.5 billion. Exxon Mobil (XOM)Exxon Mobil (NYSE:XOM) shares are challenging their 50-day moving average, setting up a run at the 200-day average and possible even the April highs that lie above for a total gain of as much as 13%. The company also pays a 4.9% dividend while you wait.The company will next report results on November 1 before the bell. Analysts are looking for earnings of 93 cents per share on revenues of $65.2 billion.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 Cheap Energy Stocks to Buy as the Sector Lights Up appeared first on InvestorPlace.
While headwinds will continue in North America in the form of softness in activity, Halliburton (HAL) CEO sees robust customer spending on international drilling and completion projects.
Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns. Le Peuch, who replaced former CEO Paal Kibsgaard nearly two months ago, outlined plans to accelerate digital investments and to restructure and rename one of Kibsgaard's major initiatives that invested in and ran customer oilfields. "We are setting an ambition to more than double the contribution of our digital businesses within the foreseeable future," said Le Peuch.
As per conventional wisdom, when number of rigs decline, fewer wells are drilled. This means less new oil and gas are discovered, and ultimately production slows down.
One of the events I look forward to most is the earnings release from Schlumberger (SLB); each quarter, I take a deep dive into the firm's results and what they mean for the industry, asserts Elliott Gue, editor of Energy & Income Advisor.
Energy stocks have had a trying year, and there’s no sign of relief in sight. A confluence of trade tensions, global growth concerns and a slump in oil prices that began in April have weighed on the sector, while concerns about future demand for fossil fuels has clouded the long-term outlook. Few companies have felt the brunt of these trends like oil services firms Schlumberger Ltd. (SLB) and Halliburton Co. (HAL) which are now trading near or below their financial crisis lows, according to an analysis by Bespoke Investment Group.
Readers hoping to buy Schlumberger Limited (NYSE:SLB) for its dividend will need to make their move shortly, as the...
Schlumberger Limited (SLB) will hold a conference call on October 18, 2019 to discuss the results for the third quarter ending September 30, 2019. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis.
Exxon Mobil Corp, Schlumberger Ltd., Biogen Inc. and Honda Motor Co. Ltd. have declined to their respective 3-year lows Continue reading...