27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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Analysts Marc Binachi and Vaibhav Vaishnav, see the stock underperforming following the results and forecast. They have listed the following two pros:
- Revenue from reservoir description reached $100 million, which is in line with estimates but below consensus by $1 million. Margins improved 160 basis points sequentially to 20.3 percent and exceeded pre-announced forecast.
- Following the free cash flow generation of $32.4 million in third quarter, the year-to-date FCF topped $100 million. The company cut down its debt by $2 million.
The following three factors are listed as cons:
- Weaker than expected forecast for fourth quarter. Revenue and EPS forecast failed to meet Cowen's estimation of $151 million and $0.42. Street consensus called for an EPS of $0.41 on revenue of $148 million.
- Consolidated margins of 15 percent were below the pre-announced estimations. In September, the company indicated that margins would top 15 percent.
- Revenue from Production Enhancement were modestly below the Street estimates of $39 million and Cowen's predictions of $41 million.
The brokerage has a Market Perform rating with a target price of $105 on the stock.
At time of writing, the stock traded down by 8.58 percent to $105.22.
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This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.