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Benzinga's Top Upgrades
Monday, October 31, 2011 - 7:57am | 139Analysts at Deutsche Bank upgraded Weyerhaeuser Company (NYSE: WY) from “sell” to “hold.” WY's shares closed at $17.86 on Friday. Weyerhaeuser's trailing-twelve-month ROE is 31.94%. Analysts at JP Morgan upgraded Arkansas Best Corporation (NASDAQ: ABFS) from “underweight” to “neutral.” ABFS'...
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Benzinga's Top Pre-Market Gainers
Tuesday, October 25, 2011 - 8:13am | 114Sequenom Inc (NASDAQ: SQNM) shares advanced 7.37% to $5.10 in the pre-market session. SQNM is scheduled to report its third quarter results on November 3, 2011. Fortinet Inc (NASDAQ: FTNT) shares advanced 6.80% to $20.42 in the pre-market session. FTNT reported a 28% rise in its fiscal 3Q net...
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Global Hunter Securities Upgrading Hornbeck Offshore Services
Friday, September 23, 2011 - 8:56am | 218Global Hunter Securities is out with a research report on Hornbeck Offshore Services, Inc. (NYSE: HOS) and is upgrading shares from Neutral to Buy, and raising its price target from $30 to $39. In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield...
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Global Hunter Securities Upgrading Gulfmark Offshore
Friday, September 23, 2011 - 8:52am | 214Global Hunter Securities is out with a research report on Gulfmark Offshore, Inc. (NYSE: GLF) and is upgrading shares to Accumulate with a $48 price target, up from $46. In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield services demand and...
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Global Hunter Downgrades BAS, CPX, KEG, NBR, NR, NOV, OYOG, PTEN, RES, UDRL, XDC
Friday, September 23, 2011 - 8:48am | 204Global Hunter Securities has downgraded the following companies: Basic Energy Services, Inc. (NYSE: BAS) – Buy to Accumulate, $45 to $30 PT Complete Production Services, Inc. (NYSE: CPX) – Buy to Accumulate, $52 to $28 PT Key Energy Services Inc. (NYSE: KEG) – Buy to Accumulate, $25 to $14 PT...
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Canrig Licenses Selected MPO Drilling Technologies
Monday, September 19, 2011 - 7:02am | 53Nabors Industries Ltd. (NYSE: NBR) today announced its wholly owned subsidiaries Canrig Drilling Technology International Ltd. and Canrig Drilling Technology Ltd. have entered into long-term agreements with Managed Pressure Operations International Ltd. whereby Canrig will license from MPO certain...
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Noble Corporation to Construct Fourth New Ultra-Deepwater Drillship
Thursday, September 1, 2011 - 8:55am | 175Noble Corporation (NYSE: NE) today announced that a subsidiary has exercised its option with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of an additional ultra-deepwater drillship, the fourth such drillship to be ordered this year subject to the parties executing an agreed form...
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Notable Put Options Activity in Rowan Companies
Monday, August 29, 2011 - 10:11am | 103Shares of Rowan Companies (NYSE: RDC) are higher on the session by 2.65%, currently trading at $34.07. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Jefferies Maintains Buy on Hercules Offshore
Friday, August 26, 2011 - 8:03am | 75Jefferies is out with its report today on Hercules Offshore (NASDAQ: HERO), maintaining Buy. In its report, Jefferies writes, "Confirming the building strength in the GOM jack-up market, HERO's fleet status released last night reflected a significant increase in backlog at rates generally above...
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A Peek Into The Market Before The Trading Starts
Friday, August 26, 2011 - 7:33am | 362Pre-open movers US stock futures are flat this morning, as investors are awaiting a speech from Federal Reserve Chairman Ben Bernanke. Futures for the Dow Jones Industrial Average surged 5 points to 11,136.00 and S&P 500 index futures rose 0.10 points to 1,157.60. Nasdaq 100 futures gained 2.25...
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Transocean Launches Unconditional Offer for Shares of Aker Drilling
Friday, August 26, 2011 - 6:54am | 140Transocean Services AS, a wholly owned subsidiary of Transocean Ltd. (NYSE: RIG), today, after receiving clearance by the Oslo Stock Exchange, launched its all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Offer has been made on the same terms...
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Top 4 Small-Cap Stocks In The Oil & Gas Drilling & Exploration Industry With The Highest Revenue
Wednesday, August 24, 2011 - 4:16am | 133Below are the top small-cap oil & gas drilling & exploration stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Key Energy Services Inc (NYSE: KEG) is $1.47 billion. KEG's PEG ratio is 1.31. The trailing-twelve-month revenue at W&T Offshore Inc...
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Duncan Williams Reiterates ENSCO Strong Buy, PT
Monday, August 22, 2011 - 7:00pm | 47Duncan WIlliams reiterated its ENSCO (NYSE: ESV) Strong Buy rating and $88.50 price target in a recent research report. Shares of ENSCO were trading at $41.57 in after hours trading at the time of posting, down 0.60% from Monday's market close of $41.82.
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Duncan-Williams Reiterates Strong Buy on Ensco
Monday, August 22, 2011 - 7:42am | 75Duncan-Williams is out with its report today on Ensco (NYSE: ESV), reiterating Strong Buy. In its report, Duncan-Williams writes, "Our new 2011 earnings estimate is $3.30 per share down from $3.40 per share. Our 2012 earnings estimate remains $5.90 per share. We reiterate our STRONG BUY rating and...
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UPDATE: Bank of America Raising Price Target On ENSCO
Monday, August 22, 2011 - 7:39am | 98Bank of America Merill Lynch is out with a research report on ENSCO (NYSE: ESV) and is raising its price target to $69 from $67, and keeping its Buy rating on shares. In a note to clients, Bank of America Merill Lynch writes, "We are increasing our 2011/2012/2013 EPS estimates to $3.72/$6.15/ $6....