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RBC Capital Upgrades NE To Outperform
Wednesday, April 20, 2011 - 6:37am | 41Analysts at RBC Capital upgrade Noble Corporation (NYSE: NE) from “sector perform” to “outperform.” NE shares gained 1.21% to close at $42.59 yesterday. More Analyst Ratings here
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Options Brief: Parker Drilling Company (PKD)
Tuesday, April 19, 2011 - 11:49am | 96Shares of Parker Drilling Company (NYSE: PKD) are higher on the session by 2.41%, trading at $7.23. Overall call volume is now running at 2.82x the daily average, with 50% of all calls traded being purchases on the offer. 1,407 contracts have traded on the session so far. Parker Drilling Company...
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Global Hunter Securities Downgrades Bronco Drilling, Lowers PT To $11 (BRNC)
Monday, April 18, 2011 - 12:15pm | 165Global Hunter Securities downgraded Bronco Drilling (NASDAQ: BRNC) from Accumulate to Neutral and lowered Bronco Drilling's price target from $13.50 to $11 in a research report published today. In the report, Global Hunter Securities states, "We are reducing our recommendation on BRNC to Neutral...
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Stifel Nicolaus Lowering Price Target On Transocean (RIG)
Monday, April 18, 2011 - 10:01am | 275Stifel Nicolaus is lowering its price target on shares of Transocean (NYSE: RIG) to $96, and is reiterating its Buy rating on shares. In a note to investors, Stifel Nicolaus writes, "We previously characterized 2011 as something of a transition year for the offshore drillers, with the expectation...
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Duncan-Williams Lowers Estimates And Target On Ensco
Monday, April 18, 2011 - 7:17am | 110According to Duncan-Williams, Ensco (NYSE: ESV) released a fleet status on Friday after the close. Duncan-Williams reported that the changes included increased downtime, contract slippage, and lower rates in the domestic market as the rigs wait on permits. “All of the contract changes lead our...
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Duncan Williams Lowers PT On Ensco PLC To $68
Monday, April 18, 2011 - 5:57am | 28Duncan Williams has lowered the price target on Ensco PLC (NYSE: ESV) from $70 to $68 and maintains its Strong Buy rating.
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A Look Ahead: Next Week's ETFs To Watch
Friday, April 15, 2011 - 4:16pm | 422A week of substantial headline risk be it at the hands of Japan, bearish views on oil or disappointing earnings results has drawn to a close and perhaps the best thing that can be said is "Hey, at least stocks closed higher on Friday." Still, Friday's effort will do little to put a dent in weekly...
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Global Hunter Securities Has Reduce Rating On Transocean Ltd. (RIG)
Friday, April 15, 2011 - 10:49am | 198Global Hunter Securities has a Reduce rating and a $72 price target on shares of Transocean Ltd. (NYSE: RIG). In a note to investors, Global writes, "Yesterday AMC, RIG released its quarterly fleet status report. Increased downtime offset a handful of non-headline worthy contracts, with most of...
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Global Hunter Securities Has $72 Price Target On Transocean (RIG)
Friday, April 15, 2011 - 9:37am | 311Global Hunter Securities has a price target on shares of Transocean (NYSE: RIG) at $72. In a note to clients, Global writes, "Yesterday AMC, RIG released its quarterly fleet status report. Increased downtime offset a handful of non-headline worthy contracts, with most of the report in line with...
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Update: Global Hunter Securities Lowering Price Target On Noble Corp. (NE)
Friday, April 15, 2011 - 9:25am | 136Global Hunter Securities is cutting its price target on shares of Noble Corporation (NYSE: NE) to $41 from $43, and it has a Neutral rating on shares. In a note to clients, Global writes, "Noble Corp updated its fleet status with few changes in the US Gulf deepwater or the Mexico jackup market....
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Will Ford & GM Follow Chrysler's Move? (F, GM, CHK)
Friday, April 15, 2011 - 8:54am | 219Chrysler announced the other day that it would be integrating natural gas into vehicles, and would start selling them by 2017, just 6 years away. Could this be the start of a major trend, and if so, will Ford (NYSE: F) and General Motors (NYSE: GM) follow suit? Chrysler appears to be doing this,...
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PREVIEW: Bronco Drilling to Resume Trading at 7:30am (BRNC)
Friday, April 15, 2011 - 7:23am | 40Bronco Drilling (NASDAQ: BRNC) will resume trading today at 7:30am. Chesapeake Energy (NYSE: CHK) has offered to acquire the company for $11/share in cash.
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Chesapeake Energy Corporation to Acquire Bronco Drilling Company for $11 per Share Totaling $315M
Friday, April 15, 2011 - 7:18am | 115Chesapeake Energy Corporation (NYSE: CHK) and Bronco Drilling Company, Inc. (NASDAQ: BRNC) today announced that they have entered into a definitive agreement for Chesapeake to acquire Bronco for approximately $315 million, including debt, net working capital and outstanding warrants. Under the...
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Friday Stocks To Watch
Thursday, April 14, 2011 - 6:19pm | 2145( click to enlarge ) Parker Drilling Company (NYSE:PKD) continues to push higher and still looks like it has more to go. PKD's earnings are not happening until May 4, so it's got plenty of time to move heading towards that report. The stock got a nice bounce today off of the support of its 20-...
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Global Hunter Securities Downgrades NBR To Accumulate, Upgrades PTEN, UDRL To Buy
Thursday, April 14, 2011 - 9:36am | 75Global Hunter Securities is downgrading shares of Nabors Industries Ltd. (NYSE: NBR) from Buy to Accumulate. Global Hunter Securities is also upgrading shares of Union Drilling, Inc. (NASDAQ: UDRL) and Patterson-UTI Energy (NASDAQ: PTEN) from Accumulate to Buy. Patterson-UTI Energy currently...