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Duncan-Williams Reiterates Strong Buy on Noble Corporation, Raises PT to $61.50
Friday, May 27, 2011 - 6:37am | 137Duncan-Williams reiterated its Strong Buy rating on Noble Corporation (NYSE: NE). At the same time, Duncan-Williams raised its price target to $61.50 from $54, following a number of positive announcements by Noble. In a research report published today, Duncan-Williams states, "Noble released a...
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Duncan Williams Raises PT On Noble Corporation To $61.50
Friday, May 27, 2011 - 5:51am | 28Duncan Williams has raised the price target on Noble Corporation (NYSE: NE) from $54 to $61.50 and maintains its Strong Buy rating.
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Shorts in a Bit of a Squeeze 05-25-2011
Wednesday, May 25, 2011 - 2:54pm | 898Cusick's Corner There I was watching the Dollar trade, DXM11, and it was trading at 76.350 -- nice move and then I got a glimpse of the S&Ps, ESM11, and they are breaking 1313 which is the long standing trendline to the upside. Now the shorts are in a bit of a squeeze here in the Midday, but...
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Options Brief: Nabors Industries Ltd.
Wednesday, May 25, 2011 - 10:29am | 73Shares of Nabors Industries Ltd. (NYSE: NBR) are higher on the session by 3.11%, trading at $27.81. Overall call volume is now running at 2.26x the daily average, with 44% of all calls traded being purchases on the offer. 7,354 contracts have traded on the session so far. Nabors Industries Ltd....
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More Spying on Elite Funds - Part 2
Tuesday, May 24, 2011 - 7:05pm | 1695A follow-up to my last comment on spying on elite funds. We begin with an article by Naked Value on Seeking Alpha, Paulson & Co.'s Biggest Buy, Biggest Sell and Top Holdings. You'll notice that unlike Dodge and Cox, Paulson & Co sold all their Pfizer shares, and initiated a new position in...
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Goldman Sachs Releases Price Target Summary
Tuesday, May 24, 2011 - 8:56am | 428According to Goldman Sachs, Cabot Oil & Gas (NYSE: COG) price target has been increased to $68.00 from $67.00. Estimates for the current year are $0.87. Cameron International (NYSE: CAM) price target has gone down to $69.00 from $73.00. Estimates for the current year are $2.60. Canadian Natural...
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Pride International Announces Settlement of Delaware Class Action Lawsuits Related to the Merger With Ensco
Friday, May 20, 2011 - 3:17pm | 242Pride International, Inc. (NYSE: PDE) today announced it and the other named defendants in the previously disclosed stockholder class action lawsuits filed in the Delaware Court of Chancery related to the proposed merger with Ensco plc entered into a memorandum of understanding with the plaintiffs...
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Bank of America Upgrades RDC To Neutral, Increases PT To $44
Friday, May 20, 2011 - 8:56am | 146Bank of America has upgraded its rating on shares of Rowan Companies Inc. (NYSE: RDC) from Underperform to Neutral and has raised its price target from $34 to $44 in light of “expanding horizons.” In the report, Bank of America states, “Given upside to jackup dayrates, RDC's likely ultra-deepwater...
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Bank of America Upgrades Rowan Companies to Neutral, PO Raised To $44
Friday, May 20, 2011 - 7:37am | 29Bank of America has upgraded Rowan Companies (NYSE: RDC) from Underperform to Neutral and has raised the price objective from $34 to $44.
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Vantage Drilling Unit Proposes Offer $225M Of Sr Secured Notes
Friday, May 20, 2011 - 7:03am | 117Vantage Drilling Company (NYSE: VTG) announced today that its wholly-owned subsidiary Offshore Group Investment Limited (the "Issuer") intends to offer, subject to market and other conditions, $225.0 million in aggregate principal amount of 11 1/2% Senior Secured First Lien Notes due 2015 (the "...
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Mad Money Lightning Round OT: Cramer Likes DO (CYS, PEET, DO)
Thursday, May 19, 2011 - 7:32pm | 216On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Cypress Sharpridge Investments, Inc. (NYSE: CYS) looks too good to be true. He invited the management of the company on his show to ask them how they can pay a 19% dividend yield. Until then, he recommends Annaly Capital Management, Inc...
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Diamond Offshore Announces Order for Third Ultra-Deepwater Drillship Totaling $610M
Thursday, May 19, 2011 - 8:59am | 74Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has exercised its option to build a third ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. with delivery scheduled for the second quarter of 2014. Total cost,...
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Mad Money Lightning Round OT: Cramer Is Bullish On PDE (PDE, SRCL, NOV, AMSC)
Wednesday, May 18, 2011 - 7:08pm | 205On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a buyer of Pride International, Inc. (NYSE: PDE). Pride International, Inc. (PDE) gained 2.23% today, and it closed at $42.25. Stericycle, Inc. (NASDAQ: SRCL) is a great growth company, said Cramer. He wants to buy this stock....
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Chesapeake Energy Corporation and Bronco Drilling Company, Inc. Announce Entry into a Memorandum of Understanding in Shareholder Lawsuit
Wednesday, May 18, 2011 - 9:38am | 205Chesapeake Energy Corporation (NYSE: CHK) and Bronco Drilling Company, Inc. (NASDAQ: BRNC) today announced that they have entered into a memorandum of understanding on May 17, 2011 as to the key terms of the settlement agreement in connection with the putative consolidated class action, captioned...
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UPDATE: Global Hunter Lowers PT on Diamond Offshore Drilling to $71
Wednesday, May 18, 2011 - 9:30am | 94Global Hunter is out with its report today on Diamond Offshore Drilling (NYSE: DO), lowering its PT from $72 to $71. In a note to clients, Global Hunter writes, "We apply a 6.2x multiple to our 2012 EBITDA of $1.67 billion for our price target of $71, which is down slightly from our prior target...