Oilfield services Q1 earnings beat estimates but stocks slide

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

The 26 oilfield services stocks tracked by this publication reported a strong first quarter, with aggregate revenues beating analysts' consensus estimates by 3.8%. Despite the beats, share prices have fallen 12.9% on average since the latest earnings results. Among individual companies, Valaris posted a 25% year-on-year revenue decline to $465.4 million but exceeded expectations by 5.6%, while Select Water Solutions saw a 2.3% drop to $366 million yet beat by 6.8%. Borr Drilling was the weakest performer, missing revenue estimates by 2.1% with $247 million, and Liberty Energy and Halliburton both topped forecasts with revenues of $1.02 billion and $5.40 billion respectively.

Impact on stocks 5

Energy▲ · 5 stocks
Halliburton Company
HAL
± MixedCapitalrelevance

Halliburton beat revenue estimates but stock slid as part of sector decline

Liberty Energy Inc.
LBRT
± MixedCapitalrelevance

Liberty Energy topped forecasts but stock slid as part of sector decline

Valaris Ltd
VAL
± MixedCapitalrelevance

Valaris beat expectations despite revenue decline but stock slid as part of sector decline

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