Cameron International Up 4.8% On Record Revenues (CAM)

Shares of Houston, Texas-based Cameron International Corporation CAM are currently up 4.8% at $56.25 per share during Wednesday afternoon trading. Today's trading range for shares of Cameron International Corporation has been between $55.00 and a 52-week high of $58.23 per share. The consensus price target of analysts covering the company's stock was $58.91 per share. Volume of 6.4 million shares is already more than double the daily average volume of 3 million shares. Cameron International Corporation (CAM) released financial results early Wednesday morning that beat Wall Street estimates. Cameron International Corporation reported 4th quarter adjusted earnings of 69 cents per share, on record 4th quarter revenue of $1.81 billion. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 67 cents per share, on revenue of $1.71 billion. Cameron International Corporation is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. Read more from Benzinga's Company news.