For Immediate Release
Chicago, IL – October 13, 2016 – 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 Halliburton (NYSE:HAL) Co. (NYSE:HAL-Free Report),Schlumberger Ltd. (NYSE:SLB-Free Report),Weatherford International plc (NYSE:WFT-Free Report),Diamond Offshore Drilling Inc (NYSE:DO). (NYSE:DO-Free Report) andTransocean Ltd (NYSE:RIG). (NYSE:RIG -Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
U.S. Rig Count Increases for 4th Consecutive Month
Baker Hughes recently declared the rig count for Sep 2016. In the U.S., the total number of rigs increased from the Aug 2016 count owing to higher number of land rigs. This represents the fourth consecutive increase in the U.S. monthly rig count.
Analysis of the Data
North AmericaRig Count
Total rig count in North America – U.S. and Canada – for the month of Sep 2016 was 650, higher than the Aug 2016 count of 610 but lower than 1,031 in Sep 2015.
U.S.rig: Total number of rigs in the U.S. was 509; higher than 481 rigs in August but much lower than 848 in Sep 2015.
Of the total U.S. rigs, land rigs were 491. This is higher than the 464 rigs in Aug 2016 but much lesser than 816 rigs in Sep 2015.
The number of U.S. offshore rigs for Sep 2016 was 18, up from 17 rigs in August but down from 32 in Sep 2015.
Canada rig: In Canada, the total rig count was 141, higher than 129 rigs in Aug 2016 but much lower than 183 counted in Sep 2015.
International Rig Count
Total international rig – offshore and land – count for the month of September came in at 934, down by three from Aug and sharply below the 1,140 count in Sep 2015.
Offshore rig: The offshore rig count for Sep 2016 was 221, slightly lower than 228 in August and 268 in the prior-year comparable month.
Land Rig: The land rig count was 713, higher than the Aug 2016 count of 709 but lower than the Sep 2015 count of 872.
Oils-Energy Sector Price Index
Conclusion
The Baker Hughes data, issued since 1944, is as an important yardstick for energy service providers in gauging the overall business environment of the oil and gas industry. Baker Hughes currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
An increase or decrease in the Baker Hughes rotary rig count heavily weighs on demand for oil energy services – drilling, completion, production, etc. – provided by companies that include names like Halliburton Co. (NYSE:HAL -Free Report), Schlumberger Ltd. (NYSE:SLB -Free Report), Weatherford International plc (NYSE:WFT -Free Report), Diamond Offshore Drilling Inc. (NYSE:DO -Free Report) and Transocean Ltd. (NYSE:RIG -Free Report).
Zacks' Best Investment Ideas for Long-Term Profit
Today you can gain access to long-term trades with double and triple-digit profit potential rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on HAL - FREE
Get the full Report on SLB - FREE
Get the full Report on WFT - FREE
Get the full Report on DO - FREE
Get the full Report on RIG - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
HALLIBURTON CO (HAL): Free Stock Analysis Report
SCHLUMBERGER LT (SLB): Free Stock Analysis Report
WEATHERFORD INT (WFT): Free Stock Analysis Report
DIAMOND OFFSHOR (DO): Free Stock Analysis Report
TRANSOCEAN LTD (RIG): Free Stock Analysis Report
Original post