nasdaqbkr
The results from oil services companies like Baker Hughes (NYSE:BKR), Haliburton (NYSE:HAL), and Schlumberger (NYSE:SLB) were mixed to be sure but there is one common thread among them. The outlook for spending on oil-field services remains strong and supportive of a multi-year upcycle for the industry. Even Baker Hughes, which gave the weakest report in the Q2 cycle, is forecasting an increase in spending that will support not only revenue and earnings but healthy dividend payments as well. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial Advisor“On the other hand, ...
ValueWalk
Baker Hughes Pulls Back On Weak ResultsBaker Hughes (NYSE:BKR) is pulling back on weak results and the company did miss on the top and bottom lines. What it did not do was give what we consider to be a bad report, just one that fell short of the expectations. The takeaway for us is the outlook, the company echoed commentary from competitor Haliburton, in that it sees a long-term upcycle in energy about to unfold. That alone isn’t really enough but it takes on new meaning when you consider the uptick in new orders. New orders are up in all segments and greater than 100% on a YOY basis in some. ...
ValueWalk
Oil and gas equipment and services is a massive and lucrative industry that provides equipment, components, other supplies and professional services to companies engaged in oil & gas exploration and production (E&P). Though the commodity prices don’t directly impact the equipment and services companies, they are indirectly affected by them. The performance of oil and gas equipment and services companies largely depends on the performance of E&P companies. Let’s take a look at the ten biggest oil and gas equipment and services companies. Q4 2021 hedge fund letters, conferences and more Ten Bigg...
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