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Ensco and Pride Announce Early Termination of HSR Waiting Period
Thursday, March 31, 2011 - 1:00pm | 134Ensco plc (NYSE: ESV) and Pride International, Inc. (NYSE: PDE) today jointly announced that they have received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976...
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Miller Tabak Upgrades Nabors Industries To Hold
Thursday, March 31, 2011 - 9:41am | 20Miller Tabak has upgraded Nabors Industries (NYSE: NBR) from Sell to Hold.
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Jump on Jobs 03-30-2011
Wednesday, March 30, 2011 - 8:47pm | 864Cusick's Corner The market continued to chop its way higher into the After Hours and the strength continued to be wide spread. Most notably the Small Caps, IWM & RUT, were the leaders and traders like to see these higher beta stocks to be on the move. Market watchers will be focused on Ireland...
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Hercules Offshore Up 8% (HERO)
Wednesday, March 30, 2011 - 1:49pm | 65Hercules Offshore, Inc. (NASDAQ: HERO) shares are spiking 8.4% today on heavy volume. The company is up 50 cents to $6.40, a gain of 8.4% on 6.5 million shares, which is more than 2 million shares above its average daily volume. Hercules Offshore provides shallow-water drilling and marine...
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Hercules Offshore Trading Higher Intraday (HERO)
Wednesday, March 30, 2011 - 11:56am | 24Hercules Offshore (NASDAQ: HERO) is trading over 6% higher than yesterday's close on above average daily volume.
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Standpoint Research Downgrades Parker Drilling to Hold
Wednesday, March 30, 2011 - 9:51am | 19Standpoint Research downgrades Parker Drilling (NYSE: PKD) from Buy to Hold
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Citi Reiterates Buy Rating, $97 PT On RIG
Wednesday, March 30, 2011 - 7:47am | 102Following meetings with management, Citi is reiterating its Buy rating and $97 PT on Transocean Ltd. (NYSE: RIG). “Management is bullish on a near-term GOM recovery,” Citi writes. Of its 13 rigs in the GOM, seven are on full rate, four are on a slightly lower standby rate, and two are on a...
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Raymond James Downgrades PDS To Market Perform
Wednesday, March 30, 2011 - 6:37am | 40Analysts at Raymond James downgrade Precision Drilling Corporation (NYSE: PDS) from “outperform” to “market perform.” PDS shares closed at $13.18 yesterday. More Analyst Ratings here
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UPDATE: Global Hunter Initiates Parker Drilling at Buy (PKD)
Tuesday, March 29, 2011 - 9:25am | 136Global Hunter is out with its report today on Parker Drilling (NYSE: PKD), initiating PKD at Buy with a $9 PT. In a note to clients, Global Hunter writes, "Parker Drilling offers multiple service lines and has exposure to a broad geography, and we believe the ongoing negative headlines to be fully...
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Global Hunter Securities Initiates Coverage On Parker Drilling At Buy Rating And $9 PT
Tuesday, March 29, 2011 - 8:51am | 122According to Global Hunter Securities, Parker Drilling (NYSE: PKD) coverage is initiated with a Buy rating and a $9 price target. Global Hunter Securities reported that Parker Drilling offers multiple service lines and has exposure to a broad geography, and it believes the ongoing negative...
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Citi Reiterates Buy on Noble Corp (NE)
Tuesday, March 29, 2011 - 7:42am | 85Citi is out with its report today on Noble Corp (NYSE: NE), reiterating Buy. In a note to clients, Citi writes, "A key question is whether contractors will take advantage of attractive newbuild terms to retool their fleets with premium rigs. We expect contractors like NE, who act now and...
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Market at Point of Indecision 03-28-2011
Monday, March 28, 2011 - 3:15pm | 893Cusick's Corner The market is at a point of indecision, especially with the market digesting quite a move to the upside, hitting resistance at the very point in February where there was a glut of congestion and finally the lack of volume. Also the proverbial Canary in the coal mine is chirping,...
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UPDATE: Duncan Williams Downgrades Diamond Offshore To Reduce
Monday, March 28, 2011 - 9:15am | 177Duncan Williams downgraded Diamond Offshore (NYSE: DO) to Reduce from Buy. Diamond Offshore is currently benefiting from strong demand for deepwater drilling worldwide. Record earnings in 2009 of $9.43 per share were followed in 2010 with earnings of $6.70 per share. Earnings for 2011 and 2012 are...
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Citi Lowers Estimates On Rowan Companies
Monday, March 28, 2011 - 7:46am | 99According to Citi, Rowan Companies' (NYSE: RDC) estimates are lowered on Middle East impacts in fleet status. Citi reported that it has reduced its EPS estimates due to Middle East delays and downtime in the new fleet status report. “Our 2011 EPS estimate is now $0.19 below the Street ($2.27 vs. $...
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Wells Fargo Upgrades PKD To Outperform
Monday, March 28, 2011 - 7:01am | 43Analysts at Wells Fargo upgrade Parker Drilling Company (NYSE: PKD) from “market perform” to “outperform.” PKD shares gained 2.24% to close at $5.94 on Friday. More Analyst Ratings here