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4 Reasons Why TechnipFMC Was Upgraded By Goldman Sachs
Friday, April 13, 2018 - 1:31pm | 420Read More...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...
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6 Reasons Why Goldman Sachs Turned Neutral On U.S. Silica Holdings
Thursday, April 12, 2018 - 3:54pm | 374Read More...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...
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Goldman Sachs: Pressure Pumping Opportunity Gives Liberty Oilfield Upside Potential
Tuesday, February 6, 2018 - 2:25pm | 361Read More...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...
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Baker Hughes Merges With GE's Oil Business, And Promptly Gets A Sell Rating From Goldman
Tuesday, July 18, 2017 - 9:12am | 266Read More...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...
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Goldman Upgrades ENSCO To Buy, Sees 53% Upside
Wednesday, September 21, 2016 - 11:48am | 293Read More...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...
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Goldman Adds Diamond Offshore To 'Conviction Sell' List, Removes Noble
Wednesday, September 21, 2016 - 8:26am | 316Read More...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...
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Goldman Bullish On Oil Services Stocks Following Meetings With Management
Friday, July 1, 2016 - 10:55am | 375Read More...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. (...
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Rig Counts May Have Bottomed, According To Goldman Sachs
Wednesday, June 15, 2016 - 7:35am | 279Read More...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...
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Goldman Sees These 3 Areas Leading The Oil Market Recovery
Thursday, May 26, 2016 - 11:03am | 291Read More...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...
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In The 'New Oil Order,' Schlumberger Is A Secular Winner
Monday, May 23, 2016 - 7:16am | 314Read More...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...
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Goldman's Slick On Oil: Reinstates Coverage On Halliburton And Baker Hughes, Maintains Buy On Schlumberger
Monday, May 9, 2016 - 9:14am | 440Read More...Goldman Sachs’ Waqar Syed said that although some investors expect the large caps to exhibit lower earnings power in the current cycle versus the prior one, due to structurally lower E&P capex, the large caps are likely to be able to preserve their earnings power with significant cost...
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Goldman's Negative View On Rigs Continues
Friday, April 22, 2016 - 9:09am | 239Read More...Goldman Sachs slashed its 2016 EPS estimate on Transocean LTD (NYSE: RIG) by 95 percent and the EBITDA view by 7 percent on lower-than-expected day rates on new contract awards and five idled rigs. The offshore driller released its fleet status report, which showed its Actinia awarded a three-year...
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Diamond Offshore Gets A Pair Of Upgrades
Friday, March 11, 2016 - 9:26am | 411Read More...Diamond Offshore Drilling Inc (NYSE: DO) shares have been on a downward trend over the past one year, and have lost 26 percent since March 11, 2015. Diamond Offshore’s shares are down 43 percent since October 24, 2014, versus a 36 percent decline in the OSX and a 1 percent gain in the S...
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Goldman Sachs' Hesistant View On Oil Companies
Wednesday, February 18, 2015 - 12:17pm | 186Read More...The tumultuous year for oil companies may not be over yet, says Goldman Sachs analyst Waqar Syed. In a report issued by Bloomberg, Syed cuts his EPS estimates for the big three oil companies Schlumberger Limited. (NYSE: SLB), Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE:...
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UPDATE: Goldman Sachs Upgrades Baker Hughes on Improving Market
Monday, March 17, 2014 - 9:18am | 105Read More...In a report published Monday, Goldman Sachs analyst Waqar Syed upgraded the rating on Baker Hughes (NYSE: BHI) from Neutral to Buy, and raised the price target from $60.00 to $72.00. In the report, Goldman Sachs noted, “Given our price increase forecast for drilling rigs and PP, we add PTEN, the...
