Baker Hughes and Schlumberger up after earnings, Halliburton down


Three oil services firms - Halliburton (HAL -1.7%), Baker Hughes (BHI +4.7%) and Schlumberger (SLB +0.9%) - each reacted to news today with three very different responses.

HAL's Q4 earnings beat estimates but shares slid largely because it cited several negative factors that are impacting its Latin America operations in 2014, Citi analysts say, yet the firm considers the selloff overdone and recommends being "opportunistic buyers" of HAL’s stock.

BHI's Q4 results edged expectations but investors liked the details, including the company's outlook for increased activity in 2014, and BHI's Latin American numbers looked a lot better than HAL's.

SLB was upgraded by Credit Suisse after announcing Q4 earnings last week, marked by a positive outlook and tone aided considerably by internal initiatives and efforts of better capital utilization and efficiency across the entire enterprise.

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  • PermaBull22
    , contributor
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    http://www.flotekind.com
    21 Jan 2014, 10:05 PM Reply Like
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