Intrinsic value of Oil States International - OIS

Previous Close

$33.35

  Intrinsic Value

$4.08

stock screener

  Rating & Target

str. sell

-88%

Previous close

$33.35

 
Intrinsic value

$4.08

 
Up/down potential

-88%

 
Rating

str. sell

We calculate the intrinsic value of OIS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  684
  700
  718
  738
  761
  785
  812
  841
  872
  906
  941
  980
  1,020
  1,064
  1,109
  1,158
  1,210
  1,264
  1,322
  1,382
  1,446
  1,514
  1,585
  1,660
  1,739
  1,822
  1,910
  2,002
  2,099
  2,201
Variable operating expenses, $m
  552
  564
  577
  593
  610
  628
  649
  671
  694
  720
  715
  744
  775
  808
  843
  880
  919
  960
  1,004
  1,050
  1,099
  1,150
  1,204
  1,261
  1,321
  1,384
  1,451
  1,521
  1,594
  1,672
Fixed operating expenses, $m
  212
  216
  221
  226
  231
  236
  241
  246
  252
  257
  263
  269
  275
  281
  287
  293
  300
  306
  313
  320
  327
  334
  341
  349
  357
  364
  373
  381
  389
  398
Total operating expenses, $m
  764
  780
  798
  819
  841
  864
  890
  917
  946
  977
  978
  1,013
  1,050
  1,089
  1,130
  1,173
  1,219
  1,266
  1,317
  1,370
  1,426
  1,484
  1,545
  1,610
  1,678
  1,748
  1,824
  1,902
  1,983
  2,070
Operating income, $m
  -79
  -80
  -80
  -80
  -80
  -79
  -78
  -76
  -74
  -71
  -37
  -33
  -29
  -25
  -20
  -15
  -9
  -2
  5
  12
  21
  30
  40
  50
  61
  74
  87
  101
  116
  131
EBITDA, $m
  39
  40
  42
  45
  48
  52
  56
  62
  68
  74
  82
  90
  99
  109
  119
  131
  143
  157
  171
  186
  203
  220
  239
  259
  280
  303
  327
  352
  380
  408
Interest expense (income), $m
  4
  1
  2
  2
  3
  4
  5
  6
  8
  9
  10
  12
  14
  15
  17
  19
  21
  24
  26
  29
  31
  34
  37
  40
  43
  47
  50
  54
  58
  63
  67
Earnings before tax, $m
  -80
  -81
  -83
  -83
  -84
  -84
  -84
  -84
  -83
  -82
  -49
  -47
  -45
  -42
  -39
  -36
  -33
  -28
  -24
  -19
  -13
  -7
  0
  7
  15
  23
  32
  42
  53
  64
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  2
  4
  6
  9
  11
  14
  17
Net income, $m
  -80
  -81
  -83
  -83
  -84
  -84
  -84
  -84
  -83
  -82
  -49
  -47
  -45
  -42
  -39
  -36
  -33
  -28
  -24
  -19
  -13
  -7
  0
  5
  11
  17
  24
  31
  39
  47

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,329
  1,360
  1,394
  1,434
  1,477
  1,525
  1,577
  1,633
  1,694
  1,759
  1,828
  1,902
  1,981
  2,065
  2,154
  2,249
  2,349
  2,454
  2,566
  2,684
  2,808
  2,940
  3,078
  3,224
  3,377
  3,539
  3,709
  3,888
  4,076
  4,274
Adjusted assets (=assets-cash), $m
  1,329
  1,360
  1,394
  1,434
  1,477
  1,525
  1,577
  1,633
  1,694
  1,759
  1,828
  1,902
  1,981
  2,065
  2,154
  2,249
  2,349
  2,454
  2,566
  2,684
  2,808
  2,940
  3,078
  3,224
  3,377
  3,539
  3,709
  3,888
  4,076
  4,274
Revenue / Adjusted assets
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
  0.515
Average production assets, $m
  861
  881
  903
  929
  957
  988
  1,022
  1,058
  1,097
  1,139
  1,184
  1,232
  1,284
  1,338
  1,396
  1,457
  1,522
  1,590
  1,662
  1,739
  1,819
  1,904
  1,994
  2,088
  2,188
  2,293
  2,403
  2,519
  2,641
  2,769
Working capital, $m
  122
  125
  128
  131
  135
  140
  145
  150
  155
  161
  168
  174
  182
  189
  197
  206
  215
  225
  235
  246
  257
  269
  282
  296
  310
  324
  340
  356
  374
  392
Total debt, $m
  10
  14
  18
  23
  29
  35
  42
  49
  57
  65
  74
  84
  94
  105
  117
  129
  142
  156
  170
  186
  202
  219
  237
  256
  276
  297
  319
  342
  367
  392
Total liabilities, $m
  173
  177
  181
  186
  192
  198
  205
  212
  220
  229
  238
  247
  258
  268
  280
  292
  305
  319
  334
  349
  365
  382
  400
  419
  439
  460
  482
  505
  530
  556
Total equity, $m
  1,156
  1,183
  1,213
  1,247
  1,285
  1,327
  1,372
  1,421
  1,473
  1,530
  1,590
  1,655
  1,724
  1,797
  1,874
  1,956
  2,043
  2,135
  2,232
  2,335
  2,443
  2,557
  2,678
  2,804
  2,938
  3,079
  3,227
  3,382
  3,546
  3,718
Total liabilities and equity, $m
  1,329
  1,360
  1,394
  1,433
  1,477
  1,525
  1,577
  1,633
  1,693
  1,759
  1,828
  1,902
  1,982
  2,065
  2,154
  2,248
  2,348
  2,454
  2,566
  2,684
  2,808
  2,939
  3,078
  3,223
  3,377
  3,539
  3,709
  3,887
  4,076
  4,274
Debt-to-equity ratio
  0.010
  0.010
  0.010
  0.020
  0.020
  0.030
  0.030
  0.030
  0.040
  0.040
  0.050
  0.050
  0.050
  0.060
  0.060
  0.070
  0.070
  0.070
  0.080
  0.080
  0.080
  0.090
  0.090
  0.090
  0.090
  0.100
  0.100
  0.100
  0.100
  0.110
Adjusted equity ratio
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870
  0.870

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -80
  -81
  -83
  -83
  -84
  -84
  -84
  -84
  -83
  -82
  -49
  -47
  -45
  -42
  -39
  -36
  -33
  -28
  -24
  -19
  -13
  -7
  0
  5
  11
  17
  24
  31
  39
  47
Depreciation, amort., depletion, $m
  118
  120
  122
  125
  128
  131
  134
  138
  142
  146
  118
  123
  128
  134
  140
  146
  152
  159
  166
  174
  182
  190
  199
  209
  219
  229
  240
  252
  264
  277
Funds from operations, $m
  38
  38
  40
  41
  44
  46
  50
  54
  59
  64
  70
  76
  84
  91
  100
  109
  120
  131
  142
  155
  169
  183
  199
  214
  229
  246
  264
  283
  303
  324
Change in working capital, $m
  2
  3
  3
  4
  4
  4
  5
  5
  6
  6
  6
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  16
  17
  18
Cash from operations, $m
  36
  36
  36
  38
  40
  42
  45
  49
  53
  58
  63
  70
  76
  84
  92
  101
  110
  121
  132
  144
  157
  171
  186
  200
  215
  231
  248
  266
  285
  306
Maintenance CAPEX, $m
  -84
  -86
  -88
  -90
  -93
  -96
  -99
  -102
  -106
  -110
  -114
  -118
  -123
  -128
  -134
  -140
  -146
  -152
  -159
  -166
  -174
  -182
  -190
  -199
  -209
  -219
  -229
  -240
  -252
  -264
New CAPEX, $m
  -18
  -20
  -23
  -25
  -28
  -31
  -34
  -36
  -39
  -42
  -45
  -48
  -51
  -54
  -58
  -61
  -65
  -68
  -72
  -76
  -81
  -85
  -90
  -94
  -99
  -105
  -110
  -116
  -122
  -128
Cash from investing activities, $m
  -102
  -106
  -111
  -115
  -121
  -127
  -133
  -138
  -145
  -152
  -159
  -166
  -174
  -182
  -192
  -201
  -211
  -220
  -231
  -242
  -255
  -267
  -280
  -293
  -308
  -324
  -339
  -356
  -374
  -392
Free cash flow, $m
  -66
  -70
  -74
  -78
  -81
  -85
  -87
  -90
  -92
  -94
  -96
  -97
  -98
  -99
  -100
  -100
  -100
  -100
  -99
  -98
  -97
  -96
  -94
  -93
  -93
  -92
  -91
  -90
  -88
  -87
Issuance/(repayment) of debt, $m
  4
  4
  5
  5
  6
  6
  7
  7
  8
  8
  9
  10
  10
  11
  12
  12
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  26
Issuance/(repurchase) of shares, $m
  103
  108
  113
  118
  122
  126
  129
  133
  136
  138
  109
  111
  114
  115
  117
  118
  119
  120
  121
  121
  121
  121
  121
  122
  123
  124
  124
  125
  125
  125
Cash from financing (excl. dividends), $m  
  107
  112
  118
  123
  128
  132
  136
  140
  144
  146
  118
  121
  124
  126
  129
  130
  132
  134
  136
  136
  137
  138
  139
  141
  143
  145
  146
  148
  149
  151
Total cash flow (excl. dividends), $m
  41
  42
  43
  45
  46
  47
  49
  50
  51
  53
  23
  24
  26
  27
  29
  31
  33
  34
  36
  38
  40
  43
  45
  47
  50
  53
  55
  58
  61
  64
Retained Cash Flow (-), $m
  -103
  -108
  -113
  -118
  -122
  -126
  -129
  -133
  -136
  -138
  -109
  -111
  -114
  -115
  -117
  -118
  -119
  -120
  -121
  -121
  -121
  -121
  -121
  -127
  -134
  -141
  -148
  -156
  -164
  -172
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  23
  23
  24
  24
  25
  26
  27
  28
  29
  30
  31
  32
  33
  35
  36
  38
  39
  41
  43
  45
  47
  49
  51
  54
  56
  59
  62
  65
  68
  71
Cash available for distribution, $m
  -62
  -66
  -70
  -73
  -76
  -78
  -81
  -82
  -84
  -85
  -87
  -87
  -88
  -88
  -88
  -88
  -87
  -86
  -85
  -83
  -81
  -79
  -76
  -79
  -84
  -88
  -93
  -97
  -103
  -108
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -59
  -61
  -61
  -60
  -59
  -57
  -54
  -52
  -48
  -45
  -41
  -37
  -33
  -30
  -26
  -22
  -19
  -16
  -13
  -11
  -8
  -7
  -5
  -4
  -3
  -3
  -2
  -2
  -1
  -1
Current shareholders' claim on cash, %
  94.2
  88.6
  83.2
  78.0
  73.2
  68.6
  64.4
  60.4
  56.7
  53.3
  50.8
  48.5
  46.4
  44.4
  42.5
  40.7
  39.1
  37.6
  36.2
  34.9
  33.7
  32.6
  31.6
  30.7
  29.8
  29.0
  28.2
  27.5
  26.8
  26.2

Oil States International, Inc., through its subsidiaries, provides specialty products and services to oil and natural gas related companies throughout the world. The Company operates as a technology-focused energy services company. The Company operates through two segments: Offshore Products and Well Site Services. Through Offshore Products segment, the Company provides engineered products and services for offshore oil and natural gas production systems and facilities, as well as certain products and services to the offshore and land-based drilling and completion markets. The Company's well site services segment includes a range of products and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. The Company operates in active oil and natural gas producing regions, including onshore and offshore the United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia.

FINANCIAL RATIOS  of  Oil States International (OIS)

Valuation Ratios
P/E Ratio -37.2
Price to Sales 2.5
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 11.5
Price to Free Cash Flow 14.4
Growth Rates
Sales Growth Rate -36.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -73.9%
Cap. Spend. - 3 Yr. Gr. Rate -28.9%
Financial Strength
Quick Ratio 69
Current Ratio 0
LT Debt to Equity 3.7%
Total Debt to Equity 3.8%
Interest Coverage -17
Management Effectiveness
Return On Assets -2.9%
Ret/ On Assets - 3 Yr. Avg. 2%
Return On Total Capital -3.5%
Ret/ On T. Cap. - 3 Yr. Avg. 1.9%
Return On Equity -3.7%
Return On Equity - 3 Yr. Avg. 2.5%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 24.2%
Gross Margin - 3 Yr. Avg. 28.8%
EBITDA Margin 7.2%
EBITDA Margin - 3 Yr. Avg. 14.7%
Operating Margin -10.1%
Oper. Margin - 3 Yr. Avg. 2.2%
Pre-Tax Margin -10.5%
Pre-Tax Margin - 3 Yr. Avg. 1.6%
Net Profit Margin -6.6%
Net Profit Margin - 3 Yr. Avg. 1.9%
Effective Tax Rate 37%
Eff/ Tax Rate - 3 Yr. Avg. 39.1%
Payout Ratio 0%

OIS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OIS stock intrinsic value calculation we used $671 million for the last fiscal year's total revenue generated by Oil States International. The default revenue input number comes from 2017 income statement of Oil States International. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OIS stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OIS is calculated based on our internal credit rating of Oil States International, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Oil States International.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OIS stock the variable cost ratio is equal to 80.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $207 million in the base year in the intrinsic value calculation for OIS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 18.3% for Oil States International.

Corporate tax rate of 27% is the nominal tax rate for Oil States International. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OIS stock is equal to 3.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OIS are equal to 125.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Oil States International operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OIS is equal to 17.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1133 million for Oil States International - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 50 million for Oil States International is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Oil States International at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
NOV National Oilwe 43.10 3.03  str.sell
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SLB Schlumberger 66.09 25.48  str.sell
HAL Halliburton 45.20 1.63  str.sell

COMPANY NEWS

▶ Oil States Adds Darrell E. Hollek to its Board   [Jun-11-18 05:00PM  GlobeNewswire]
▶ Oil States Adds Joe Wright to its Board   [Jun-04-18 05:15PM  GlobeNewswire]
▶ Top 3 Equipment and Services ETFs   [09:55AM  Investopedia]
▶ Oil States International: 1Q Earnings Snapshot   [Apr-25-18 06:12PM  Associated Press]
▶ Edited Transcript of OIS presentation 6-Mar-17 9:35pm GMT   [Apr-10-18 01:24PM  Thomson Reuters StreetEvents]
▶ Lennar Is One of 6 Stocks Poised to Change Direction   [Apr-09-18 01:00PM  TheStreet.com]
▶ [$$] Argonaut Private Equity Sells Falcon Flowback Services to Oil States   [Feb-28-18 07:06PM  The Wall Street Journal]
▶ Oil States Acquires Falcon Flowback Services   [05:30PM  GlobeNewswire]
▶ Oil States Launches Secondary Common Stock Offering   [Feb-21-18 04:33PM  GlobeNewswire]
▶ Oil States International, Inc. to Host Earnings Call   [Feb-15-18 09:00AM  ACCESSWIRE]
▶ Oil States International posts 4Q loss   [Feb-14-18 06:09PM  Associated Press]
▶ How Did Schlumberger React to Crude Oil Prices Last Week?   [Jan-22-18 01:00PM  Market Realist]
▶ U.S. Tax Changes- Estimated Impact on Oil States Results   [Jan-18-18 05:00PM  GlobeNewswire]
▶ Top 3 Growth Stocks For The Month   [Jan-17-18 11:02AM  Simply Wall St.]
▶ Oil States International Earns RS Rating Upgrade   [03:00AM  Investor's Business Daily]
▶ Short Interest in Halliburton on January 4   [Jan-11-18 09:02AM  Market Realist]
▶ Halliburtons Next 7-Day Stock Price Forecast   [07:33AM  Market Realist]
▶ Schlumberger Reacts to Crude Oil Price Change   [Jan-09-18 10:33AM  Market Realist]
▶ Top 5 Oilfield Services Stocks for 4Q17 by EBITDA Growth   [Jan-08-18 07:38AM  Market Realist]
▶ Hows Halliburton Reacting to the Crude Oil Price Change?   [Jan-03-18 12:50PM  Market Realist]
▶ Hows Halliburton Reacting to the Crude Oil Price Change?   [Dec-18-17 11:35AM  Market Realist]
▶ Oil States to acquire downhole solutions co. in $525M deal   [Dec-13-17 01:10PM  American City Business Journals]
▶ Oil States to Acquire GEODynamics   [Dec-12-17 05:06PM  GlobeNewswire]
▶ Whats the Short Interest in Schlumberger on November 29?   [Dec-05-17 10:32AM  Market Realist]
▶ Hows Halliburton Reacting to the Crude Oil Price Change?   [Dec-04-17 01:50PM  Market Realist]
▶ Wall Street Analysts Recommendations for TechnipFMC   [Nov-14-17 10:31AM  Market Realist]
▶ How TechnipFMC Reacted to Crude Oil Prices   [09:01AM  Market Realist]
▶ How Schlumberger Reacted to Crude Oil Prices Last Week   [Nov-06-17 11:45AM  Market Realist]
▶ Did These Energy Stocks Hit Your Portfolio Last Week?   [Oct-31-17 11:12AM  Market Realist]
▶ Oil States International, Inc. to Host Earnings Call   [Oct-27-17 08:00AM  ACCESSWIRE]
▶ Oil States International posts 3Q loss   [Oct-26-17 05:23PM  Associated Press]
▶ Weatherford Reacts to Crude Oil Price Changes   [Oct-13-17 09:07AM  Market Realist]
▶ Patterson-UTI Energys Reaction to Crude Oil Changes   [Oct-11-17 10:39AM  Market Realist]
▶ Short Interest in Halliburton on October 5   [Oct-10-17 10:39AM  Market Realist]
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