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Stocks to Watch for Wednesday 7/20/2011: Fresh 52 Week Highs and Lows
Wednesday, July 20, 2011 - 1:51am | 3102Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...
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Calls Purchased on Patterson-UTI Energy
Tuesday, July 19, 2011 - 10:19am | 128Shares of Patterson-UTI Energy (NASDAQ: PTEN) are higher on the session by 3.56%, currently trading at $33.99. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Helmerich & Payne Hits New 52-Week High at $70.50
Tuesday, July 19, 2011 - 9:39am | 76Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Helmerich & Payne (NYSE: HP) are hitting new 52-week highs...
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Diamond Offshore Drilling Earnings Preview: Analysts Expect Rising Revenue
Monday, July 18, 2011 - 2:55pm | 534Get ready for Diamond Offshore Drilling (NYSE: DO) earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011. Need to brush up a bit ahead of Thursday's announcement? We've got just the thing. Here's your essential guide to Diamond...
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Pioneer Drilling Announces Underwriters' Exercise of Option to Purchase 900K Additional Shares
Monday, July 18, 2011 - 10:26am | 97Pioneer Drilling Company (NYSE: PDC) today announced that in connection with its underwritten public offering of 6,000,000 shares of common stock at the public offering price of $14.50 per share, the underwriters exercised their option in full to purchase 900,000 additional shares of common stock...
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Pritchard Capital Provides Color on Oil Services
Monday, July 18, 2011 - 9:02am | 232Pritchard Capital provided color on the oil services sector. In a research report published today, the rating agency named its top picks. In the report, Pritchard Capital states, “The Oil Service Index (OSX-$270.21) retreated .91% last week to outperform the S&P 500 ($1,316.14) by 115 basis...
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ETF Showdown: The "Other" Oil Services ETFs
Friday, July 15, 2011 - 2:46pm | 536ETF Showdown: The “Other” Oil Services ETFs Short-term traders love oil services stocks. This high-beta group can pack quite a punch in either direction when oil prices are trending strongly and it should be noted that the likes of Halliburton (NYSE: HAL) and National Oilwell Varco (NYSE: NOV)...
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Morgan Keegan Maintains Outperform on Noble
Friday, July 15, 2011 - 9:07am | 137Morgan Keegan is out with its report today on Noble (NYSE: NE), maintaining Outperform. In a note to clients, Morgan Keegan writes, "The July fleet status report was clearly disappointing on increased downtime. That said our long-term outlook for Noble remains unchanged. We remained concerned with...
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Benzinga's Top Upgrades
Friday, July 15, 2011 - 8:05am | 129Analysts at BMO Capital Markets upgraded Patriot Coal (NYSE: PCX) from “underperform” to “market perform.” PCX's shares closed at $21.84 yesterday. Patriot Coal's trailing-twelve-month revenue is $2.14 billion. Analysts at JP Morgan upgraded Rock-Tenn Company (NYSE: RKT) from “neutral” to “...
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Jefferies Upgrades Transocean To Buy, Raises PT To $80
Friday, July 15, 2011 - 7:47am | 28Jefferies & Company has upgraded Transocean Ltd (NYSE: RIG) from Hold to buy and has raised the price target from $79 to $80.
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Jefferies Upgrades Noble Corporation To Buy, Raises PT To $48
Friday, July 15, 2011 - 7:44am | 28Jefferies & Company has upgraded Noble Corporation (NYSE: NE) from Hold to Buy and has raised the price target from $45 to $48.
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Jefferies Upgrades Atwood Oceanics To Buy, Raises PT To $52
Friday, July 15, 2011 - 7:43am | 28Jefferies & Company has upgraded Atwood Oceanics (NYSE: ATW) from Hold to Buy and has raised the price target from $44 to $52.
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Duncan Williams Reiterates Strong Buy and PT of $61.50 on Noble
Thursday, July 14, 2011 - 6:41am | 63Duncan Williams reiterated its Strong Buy rating on Noble (NYSE: NE). At the same time, the rating agency decided to leave its price target on the company's stock unchanged t $61.50. On Wednesday, NE added 0.77% to its value to finish the day at $36.42. Its shares continued to climb in today's pre-...
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Duncan Williams Reiterates Strong Buy and PT of $101.25 on Transocean
Thursday, July 14, 2011 - 6:37am | 59Duncan Williams reiterated its Strong Buy rating on Transocean (NYSE: RIG). At the same time, the rating agency left its price target on the company's stock unchanged at $101.25. On Wednesday, RIG added 1.12% to its value to end the day at $60.53. Its shares continued to climb in today's pre-market...
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BP (BP) and Hess (HES) Under Pressure with Fire on Platform
Wednesday, July 13, 2011 - 2:10pm | 304It appears that a fire has broken out on a BP (BP) run platform in the North Sea which is partnered with Hess (HES). This comes after last week we saw that TransOcean (RIG) had a leak on one of its platforms (See Article Here). According to sources, the fire was extinguished within a half...