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UPDATE: Global Hunter Raises PT on Bronco Drilling to $13.50 (BRNC)
Thursday, April 14, 2011 - 9:13am | 100Global Hunter is out with its report today on Bronco Drilling (NASDAQ: BRNC), raising its PT from $11 to $13.50. In a note to clients, Global Hunter writes, "To account for our revised annual rig count forecast and increased dayrate assumptions, we are updating our 2011 and 2012 EPS estimates to $...
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UPDATE: Global Hunter Raises PT on Helmerich & Payne to $80 (HP)
Thursday, April 14, 2011 - 9:09am | 94Global Hunter is out with its report today on Helmerich & Payne (NYSE: HP), raising its PT from $70 to $80. In a note to clients, Global Hunter writes, "We are increasing our multiple to 7x, from 6.5x, to account for the premium we expect the market to pay for HP over peers due to its...
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Benzinga's Top Upgrades (FRX, PTEN, CFNL, MG)
Thursday, April 14, 2011 - 8:24am | 137Forest Laboratories Inc (NYSE: FRX) was upgraded by Credit Suisse from "neutral" to "outperform." FRX's shares closed at $33.89 yesterday. Forest Laboratories' trailing-twelve-month operating margin is 26.83%. Global Hunter upgraded Patterson-UTI Energy Inc (NASDAQ: PTEN) from “accumulate” to “buy...
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Citi Reiterates Buy on Noble (NE)
Thursday, April 14, 2011 - 8:03am | 144Citi is out with its report today on Noble (NYSE: NE), reiterating Buy. In a note to clients, Citi writes, "We forecast a downward-trending EPS from $0.39 in 4Q10 to $0.30 in 1Q11 (consensus: $0.18), although we expect 1Q11 to represent a bottom from which favorable trends should ensue. We expect...
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Global Hunter Upgrades PTEN, URDL To Buy
Thursday, April 14, 2011 - 7:56am | 46Global Hunter Securities has upgraded the following companies: Patterson-UTI Energy (NASDAQ: PTEN) from Accumulate to Buy, PT to $45 from $30 Union Drilling (NASDAQ: UDRL) from Accumulate to Buy, PT to $16.50 from $11.50
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Duncan Williams Reiterates Reduce on Noble (NE)
Thursday, April 14, 2011 - 7:38am | 141Duncan Williams is out with its report today on Noble (NYSE: NE), reiterating Reduce. In a note to clients, Duncan Williams writes, "After the close yesterday, Noble released a fleet status with increased downtime on certain rigs, contract slippage, and a fire on one jackup rig, which has removed...
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Royale Expands California Production
Tuesday, April 12, 2011 - 2:57pm | 134Royale Energy, Inc. (NASDAQ: ROYL) today announced that it has placed the Goddard 3 and Magnum wells into production. Magnum was drilled and tested in 4th quarter 2010 in its deepest objective, while the main zone remains "behind pipe" to be produced at a later time. Following the completion of a...
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Top Percentage Gainers And Losers As Of 2 p.m. 4/12/2011 (CYH, THC, IDIX, BAC, SKH, JPM, BIO, REDF, DEER, THC, CYTX, CCRT, WMS, EXTR, LFT, SB, DRRX, BRNC, MCRL)
Tuesday, April 12, 2011 - 2:09pm | 558Best 1) Community Health Systems (NYSE: CYH): Shares are surging 13.09% to $2.32 as skepticism grows about Tenet Healthcare's (NYSE: THC) lawsuit against the company. The stock took a huge hit in yesterday's session, trading down as low as $22.32 after Tenet's lawsuit alleging illegal admission...
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Top Percentage Gainers And Losers As Of 10 a.m. 4/12/2011 (CYH, THC, SKH, JPM, EXEL, GS, TIBX, HPQ, SIFY, WMS, GFRE, EXTR, SB, AIB, CCRT, GIL, THLD, BRNC, SIMG)
Tuesday, April 12, 2011 - 10:28am | 464Best 1) Community Health Systems (NYSE: CYH): Shares are vaulting 16.57% to $30.18. The stock took a huge hit in yesterday's session, trading down as low as $22.32 after Tenet Healthcare (NYSE: THC) filed a lawsuit against the company alleging illegal admission of patients in order to benefit...
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Options Brief: Rowan Companies, Inc. (RDC)
Tuesday, April 12, 2011 - 10:14am | 83Shares of Rowan Companies, Inc. (NYSE: RDC) are lower on the session by 2.84%, trading at $40.08. Overall call volume is now running at 2.09x the daily average, with 1% of all calls traded being purchases on the offer. 1,928 contracts have traded on the session so far. Rowan Companies, Inc. is a...
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Is The Oil, Stock Inverse Correlation Off? (USO, SPY)
Monday, April 11, 2011 - 12:55pm | 250Oil is at session lows, trading around $110 per barrel, yet stocks are currently at session lows. What gives? We had seen an inverse correlation that whenever oil was ticking lower, stocks would move higher, but recently we've seen that disparity end, and oil prices were supporting the S&P....
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Precision Drilling Hits 52-Week High (PDS)
Monday, April 11, 2011 - 10:37am | 33Precision Drilling (NYSE: PDS) has hit a 52-week high in today's trading. At last check the year-to-date performance of PDS has been a gain of 53%.
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Sterne Agee Raises Price Target on ESV To $70
Monday, April 11, 2011 - 8:36am | 79Sterne Agee has issued a report raising the Price Target on ENSCO International (NYSE: ESV) from $65 to $70 a share. According to the report, “Assuming a 6.5 multiple on the $3,200 earnings power outlook (circa 2014), the long-term price objective would be $80 per share. In the interim period...
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Benzinga's Top Upgrades (MON, SYNT, MDT, RIG)
Monday, April 11, 2011 - 8:26am | 139Monsanto Company (NYSE: MON) was upgraded by Deutsche Bank from "hold" to "buy." MON's shares closed at $66.22 on Friday. Monsanto's trailing-twelve-month operating margin is 20.21%. Syntel Inc (NASDAQ: SYNT) was upgraded by JP Morgan from "neutral" to "overweight.” SYNT's shares closed at $55.19...
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Morgan Stanley Upgrades RIG To Overweight
Monday, April 11, 2011 - 6:55am | 52Analysts at Morgan Stanley upgrade Transocean LTD (NYSE: RIG) from “equal weight” to “overweight.” The target price for RIG has been raised from $100 to $120. RIG shares fell 1.53% to close at $79.60 on Friday. More Analyst Ratings here