NEW YORK, February 28, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports
highlighting Schlumberger Limited (NYSE:SLB), Halliburton Company
(NYSE:HAL), National Oilwell Varco, Inc. (NYSE:NOV), Noble Corp.
(NYSE:NE) and Ensco plc (NYSE:ESV). Today's readers may access
these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
Schlumberger Limited Research
Report
Schlumberger was upgraded by JPMorgan analysts to "overweight,"
raising the stock's price target from $93 to $99. This
comes after posting growth in Q4 2012 revenue driven by growth in
key markets as well as typical year-end product, software and
multiclient sales. The performance in international markets managed
to counter the seasonal slowdowns, contract delays, and costs from
mobilizations and new projects, which impacted the year over year
decrease in net income for the quarter. Significant growth was
posted in Latin America and
Asia, particularly in revenue and
operating margins, countering the 1 percent decline in Europe, CIS, and Africa due to slowdowns in the North Sea and
Russia as well as contract delays
in North Africa. North America meanwhile posted increases in
revenue and margins thanks to deep-water drilling operations in the
Gulf of Mexico. In other news,
Schlumberger will be releasing its Q1 2013 results on April 19, 2013 while a 13.6 percent higher
quarterly dividend of 31 cents per
share will be paid out on April 12.
The Full Research Report on Schlumberger Limited - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/07a1_SLB]
--
Halliburton Company Research
Report
Halliburton grabbed headlines after a legal counsel for British
Petroleum (BP) blamed the company, BP's cement contractor, for its
negligence leading to the disastrous 2010 oil spill in the
Gulf of Mexico. In the trial
against BP, which started this week, the oil giant claimed that
Halliburton used a "bad slurry" that failed to prevent oil and gas
from traveling up the well. Halliburton lawyers meanwhile defended
that the blame should be put on BP and rig owner Transocean Ltd.
instead for failing to "shut in" the well, and accusing the two
companies of merely "passing the buck and blame" to Halliburton. In
other news, the company joined several other oilfield services and
driller companies to announce an increase in its quarterly
dividend, with a 39 percent increase for Q1 2013 at 12.5 cents per share payable on March 27, 2013. The Full Research Report on
Halliburton Company - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge
at:
[http://www.investors-alliance.com/r/full_research_report/466f_HAL]
--
National Oilwell Varco, Inc. Research
Report
National Oilwell Varco just completed its acquisition of
Texas-based pumping equipment
company Robbins & Myers last week for $2.5 billion in cash, where shareholders of the
latter will be receiving $60 cash per
common share. The acquisition, National Oilwell Varco's biggest one
more than four years, will allow the company to expand its services
and products, now also serving industrial markets aside from the
oil and gas industry. It will also help the company bolster its
position as a supplier of blowout preventers, a critical safety
machine that can shut a well off in case of an emergency. The news
was instrumental in National Oilwell Varco's 2 percent increase in
stock price to $68.10 this week. The
Street rates the company as a "buy," citing performance in revenue
growth, debt, earnings per share growth, net income, and valuation
levels. The Full Research Report on National Oilwell Varco,
Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/72e4_NOV]
--
Noble Corp. Research Report
Noble has been a bright spot in the offshore drilling industry,
according to analysts, thanks to its improvement in the execution
of its ambitious new rig construction program by decreasing
drilling downtime. With that, they see that earnings estimates
would now be more achievable even after having some operational
hiccups. Analysts also see the company's stock trading at a
discount as a result of the previous missteps, but expects much
upside. In other news, The Street rated Noble as a "buy" citing
growth in revenue, net income, cash flow from operations, profit
margins, as well as good debt management. The company expects
further increases in its financials as customer demand increases in
regions they are operating due to increased exploration and
production spending beyond 2013. The Full Research Report on Noble
Corp. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/336c_NE]
--
Ensco plc Research Report
Ensco reported strong and better than expected Q4 2012 results
due to increased utilization, rising customer demand, and new rigs
joining the fleet. Adjusted profit was $1.37 a share, up 34.3 percent from $1.02 earned in the year-earlier quarter, while
revenue surged 11.5% to $1,085.5
million from last year's revenue of $973.2 million. In comparison, analysts expected
$1.28 in earnings per share and
$1.09 billion in revenue. The company
saw robust demand in the deep-water efforts in the Gulf of Mexico, while it is looking at
expansion opportunities in Indonesia, Malaysia, and Australia this year. Meanwhile, the company's
stock has been rated "overweight" by Barclays Capital, though the
price target has been cut to $75 from
$79. The Full Research Report on
Ensco plc - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/78d1_ESV]
--
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SOURCE Investors-Alliance