Positive Reception in a Negative OilService Environment The effects of reduced drilling activity were apparent in Schlumberger’s (ticker: SLB) Q1’15 revenues, but the oilservice giant still managed to report net income (excluding charges and credits) of $1,358 million, or $1.06 per share, in the three months ended March 31, 2015. The net income for Q1’15 represented respective declines of 30%
EnerCom, Inc. is pleased to present its 13th edition of The Oil & Services Conference™ from the Omni Hotel in San Francisco. The two-day affair will feature 34 presentations from E&Ps, OilService providers and industry experts from around the country. The market capitalizations of presenting companies range from $35 million to $4.8 billion. Consider this piece to be your primer
CARBO Ceramics (ticker: CRR), a production enhancement services provider based in Houston, Texas, is not immune from the recent commodity downswing. Even though United States production is expected to remain flat or even increase through 2015, the declining rig count will affect CARBO’s operations in the near-term. “This is pretty historic,” said Gary Kolstad, Chief Executive Officer of CARBO Ceramics,
Projecting oil recovery within fiscal year Core Laboratories (ticker: CLB) closed the book on 2014 as its most profitable year in company history in its Q4’14 earnings release on January 28, 2015. Revenue for fiscal 2014 was $1,085 million, up 1% from 2013’s total of $1,074 million. Net income experienced a much higher jump, climbing to $257 million from $242
RJ Sees Post OPEC Selloff as “Fleeting” Raymond James announced today that it was upgrading three oil service companies’ ratings. Basic Energy Services, Inc. (ticker: BAS), Nabors Industries Ltd. (ticker: NBR) and Patterson-UTI Energy, Inc. (ticker: PTEN) all had their ratings raised from “Outperform” to “Strong Buy” today by the financial institution. All three companies’ ratings were enhanced due to
