12 apr: Torsdagens aktier: Børshus sender høreapparataktier til tops
12 apr: IMF ser bedring i verdensøkonomien
12-04-2012 17:32:00

EARNINGS PREVIEW: Oil Services Companies Adapting To Shift

Relateret indhold

By Melodie Warner

Of DOW JONES NEWSWIRES

TAKING THE PULSE: Baker Hughes Inc. (BHI) has warned it is facing a difficult adjustment as companies such as Chesapeake Energy Corp. (CHK) retreat from natural gas drilling amid a 10-year low in the commodity's price. Investors will be watching the reports of other oil services companies to see if those issues are widespread or, as suggested by some analysts, unique to Baker Hughes.

New tactics like horizontal drilling and hydraulic fracturing are unlocking energy trapped in vast shale formations around the U.S. And while these tactics can be used to extract both oil and natural gas, companies have become particularly interested in oil-rich shale, forcing oil field-services companies to adjust course.

COMPANIES TO WATCH:

Halliburton Co. (HAL) - reports April 18

Wall Street Expectations: Analysts polled by Thomson Reuters recently expected a profit of 86 cents a share on $6.8 billion in revenue, compared with 61 cents a share and $5.28 billion, respectively, a year earlier.

Key Issues: Halliburton, the top seller of hydraulic fracturing, or fracking, services in North America, saw its fourth-quarter North American revenue jump 56%. The company has said strength in the segment should persist into 2012 with continued improvements in drilling and completion efficiency, as well as higher demand for services.

Schlumberger Ltd. (SLB) - reports April 20

Wall Street Expectations: Analysts polled by Thomson Reuters recently expected a profit of 98 cents a share on $10.57 billion in revenue, compared with 71 cents a share and $8.72 billion, respectively, a year earlier.

Key Issues: The world's largest oil field services company has predicted oil consumption and oil field activity will continue to grow through 2012, driven by relatively high energy prices and large oil companies' expanding their reserves. With natural gas prices falling to 10-year lows amid a combination of oversupply and lackluster demand, Schlumberger has said it will build flexibility into its spending plans. The company saw a 36% jump in fourth-quarter earnings, thanks in part to oil-related activity in areas like the deep-water U.S. Gulf of Mexico and Latin America and continued drilling in onshore North America.

Nabors Industries Ltd. (NBR) - reports April 24

Wall Street Expectations: Analysts polled by Thomson Reuters recently expected a profit of 51 cents a share on $1.81 billion in revenue, compared with 29 cents a share and $1.41 billion, respectively, a year earlier.

Key Issues: Last month, the land drilling contractor unveiled plans to raise at least $800 million from selling oil and gas properties and other noncore businesses as it tries to reshape itself. Nabors has admitted it strayed off target in its exploration and production forays and missed growth opportunities in the U.S. The company, which owns the world's largest fleet of land rigs, started selling its oil and gas fields late last year. Charges related to the exit of its former chief executive and losses at natural-gas assets that are up for sale contributed to its swing to a fourth-quarter loss, while revenue jumped 32%.

Weatherford International Ltd. (WFT) - reports April 24

Wall Street Expectations: Analysts polled by Thomson Reuters recently expected a profit of 29 cents a share on $3.65 billion in revenue, compared with 10 cents a share and $2.86 billion, respectively, a year earlier.

Key Issues: Weatherford in February unveiled accounting errors that would adjust previously reported financial results for 2010 and earlier by roughly $225 million to $250 million. In the wake of the restatements, Weatherford named John H. Briscoe as its new chief financial officer to replace Andrew P. Becnel, and said James M. Hudgins, its vice president for tax matters, would leave the company at the end of March. Despite Weatherford's revenue reaching new highs amid a boom in North American oil-and-gas development, the company's bottom line has lagged behind rivals because of charges and weakness in its international operations.

Baker Hughes Inc. (BHI) - reports April 24

Wall Street Expectations: Analysts polled by Thomson Reuters recently expected a profit of 83 cents a share on $5.27 billion in revenue, compared with 87 cents a share and $4.53 billion, respectively, a year earlier.

Key Issues: Baker Hughes last month warned its first-quarter operating profit would decline from the prior quarter because rapidly changing market conditions have hurt its pressure-pumping product line in North America. The drilling-services provider said the continued shift of U.S. rig activity to oil and liquids-rich basins has decreased fleet utilization, lowered pricing and increased personnel and logistics costs. The market shift has also contributed to shortages of, and higher costs for, critical raw materials such as gel.

(The Thomson Reuters financial estimates and year-earlier figures may not be comparable due to one-time items and other adjustments.)

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

(END) Dow Jones Newswires

April 12, 2012 11:32 ET (15:32 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/tendens: Faldende USA-salg kan sætte fokus på Genmab

23-08-2017 08:23:37
På en onsdag med regnskaber fra flere selskaber uden for C20 Cap kan Genmab komme i fokus, efter at nye tal viser, at salget af kræftmidlet Darzalex faldt på det amerikanske marked i juli i forhold til juni.Generelt vil det dog være "en åbning omkring nul", efter at kursstigninger fra USA ikke har forplantet sig til Asien, fordi der i kulissen igen spøger politisk uro i USA, vurderer Morten Hessne..

Zealand Pharma kan se frem til milepælsbetaling på 4 mio. euro

22-08-2017 16:00:43
Zealand Pharma kan se frem til at modtage 4 mia. euro (30 mio. kr.) som en milepælsbetaling, efter at selskabets tyske partner, Boehringer Ingelheim, har annonceret igangsætningen af to fase-1-studier med et midler udviklet af det danske biotekselskab.De to studier skal vise mulighederne for anvendelsen af medikamenterne til behandling af fedme og/eller diabetes. Det gælder blandt andet lægemiddel..

Matas/Danske: Regnskab med lavere omsætning var forventet

22-08-2017 13:53:03
Matas' regnskab for første kvartal i det forskudte regnskabsår 2017/2018 var som forventet.Det vurderer Poul Ernst Jessen, senioranalytiker i Danske Bank.- Regnskabet er som forventet. Det eneste overraskende er ledelsesændringen, siger Poul Ernst Jessen.Materialistkædens omsætning faldt 3,2 pct. til 820,9 mio. kr., mens driftsresultatet (EBITA) var 119 mio. kr. Danske Bank forventede en omsætning..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Tirsdagens aktier: Pandora tog revanche og stor stigning i C20 Cap
2
Aktier/tendens: Faldende USA-salg kan sætte fokus på Genmab
3
Zealand Pharma kan se frem til milepælsbetaling på 4 mio. euro
4
Bavarian: Johnson & Johnson bliver storaktionær efter samarbejdsaftale
5
Mærsk: Johan Uggla bliver direktør for Maersk Training - citat

Relaterede aktiekurser

Halliburton Company 38,66 0,0% Aktiekurs uændret
Schlumberger 61,40 0,7% Stigning i aktiekurs
Schlumberger LD COM STK .. 63,54 0,4% Stigning i aktiekurs
Schlumberger 53,92 0,8% Stigning i aktiekurs
Schlumberger N.V. 63,35 0,0% Aktiekurs uændret
Weatherford Internationa.. 3,84 0,0% Aktiekurs uændret
Nabors Industries Ltd 6,65 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. august 2017 12:02:01
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20170821.2 - EUROWEB7 - 2017-08-23 12:02:01 - 2017-08-23 12:02:01 - 1 - Website: OKAY