The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, TOTAL, SeaDrill And McDermott
Zacks Investment Research | Apr 25, 2018 08:31AM ET
For Immediate Release
Chicago, IL – April 25, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Schlumberger Ltd. (NYSE:SLB) , Halliburton Company (NYSE:HAL) , TOTAL S.A. (NYSE:TOT) , SeaDrill Limited’s (NYSE:SDRL) and McDermott International, Inc. (NYSE:MDR) .
Here are highlights from Tuesday’s Analyst Blog:
Oil & Gas Stock Roundup: SLB, HAL, TOT & More
It was a week where oil prices marked its highest finish in three-and-a-half years.
On the news front, oilfield service majors Schlumberger Ltd. and Halliburton Company kicked off the first-quarter energy earnings season. Both companies, apart from coming out with estimate-meeting numbers, indicated that the North American drilling market remains robust, driven by increased activity. Meanwhile, French oil giant TOTAL S.A. agreed to acquire French utility Direct Energie for $1.73 billion.
Overall, it was another good week for the sector. West Texas Intermediate crude futures gained around 1.5% to close at $68.38 per barrel, while natural gas prices edged up a marginal 0.2% to $2.739 per million Btu (MMBtu). (See the last ‘Oil & Gas Stock Roundup’ here: Zacks Investment Research
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