Waqar Syed

TechnipFMC PLC (NYSE: FTI), a provider of surface equipment for onshore wells, is well-positioned to take advantage of favorable industry shifts that should result in a tripling of deepwater final investment decisions through 2019, according to Goldman Sachs. The Analyst Goldman Sachs' Waqar...

Investors should consider adding exposure to the Deepwater/LNG space and simultaneously reduce exposure to the frac and sand space, including U.S. Silica Holdings Inc (NYSE: SLCA), according to Goldman Sachs. The Analyst Goldman Sachs' Waqar Syed downgraded U.S. Silica from Buy to Neutral...

Liberty Oilfield Services Inc (NYSE: LBRT) offers an attractive investment opportunity, as it is the most profitable company in its business segment, according to Goldman Sachs.  The Analyst Analyst Waqar Syed initiated coverage of Liberty Oilfield shares with a Buy and a $34 12-month...

Following the completion of the Baker Hughes A GE Company Class A (NYSE: BHGE) and General Electric Company (NYSE: GE) Oil & Gas merger, Goldman Sachs analyst Waqar Syed has issued a Sell rating on Baker Hughes, with a $37 price target. “We rate Baker Hughes at Sell in the context of...

Goldman Sachs upgraded ENSCO PLC (NYSE: ESV) to Buy from Neutral with an unchanged target price of $10.50, implying 53 percent total return. The brokerage noted that ESV offers an option to investors to participate in upside from a potential "sharp" rebound in oil prices without...

Weakness in the offshore rig market is likely to persist through 2020, Goldman Sachs’ Waqar Syed said in a report. He added that Diamond Offshore Drilling Inc (NYSE: DO) was currently “overearning versus spot rates” and would likely record the highest EBITDA decline through 2020...

Goldman Sachs analyst Waqar Syed recently went to Houston to meet with management from oil services companies Schlumberger Limited. (NYSE: SLB), Halliburton Company (NYSE: HAL), Patterson-UTI Energy, Inc. (NASDAQ: PTEN), Oceaneering International (NYSE: OII) and National–Oilwell Varco, Inc. (...

Although there are pockets of weakness, rig count is likely to have bottomed, Goldman Sachs’ Waqar Syed said in a report. The US rig count has risen for two consecutive weeks, representing the first “meaningful increase” since August 2015. International Rig Count...

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...

Following the 11-percent decline in the share price of Schlumberger Limited. (NYSE: SLB) since April 20, Goldman Sachs’ Waqar Syed believes any further pullback in the stock would present a buying opportunity, especially given the improved oil outlook for 2H16. Syed maintains a Buy rating on...