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UPDATE: Citigroup Raises PT On Diamond Offshore Drilling To $90
Friday, March 18, 2011 - 9:14am | 174Citigroup has published a research report on Diamond Offshore Drilling (NYSE: DO) as GOM delays continue causing Citi to lower estimates for 2011. In the report, Citigroup writes "DO reported incremental gains in today's fleet status report with short-term rig assignments in the GOM, Mexico, and...
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Citigroup Raises PT On Diamond Offshore Drilling To $90
Friday, March 18, 2011 - 8:40am | 29Citigroup has raised the price target on Diamond Offshore Drilling (NYSE: DO) from $86 to $90 and maintains its Buy rating.
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FBR Capital Ups DO To Market Perform
Friday, March 18, 2011 - 6:11am | 49Analysts at FBR Capital upgrade Diamond Offshore Drilling Inc (NYSE: DO) from “underperform” to “market perform.” DO shares rose 4.77% to close at $74.39 yesterday. More Analyst Ratings here
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Oil Service HOLDRs Trust ETF Adds 4% (OIH)
Thursday, March 17, 2011 - 3:55pm | 101The Oil Service HOLDRs Trust ETF (NYSE: OIH) has added nearly 4% on Thursday to $156.57. This security is a great way to gain exposure to the energy sector and is comprised of drillers and service names such as Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL) and Transocean (NYSE: RIG). The OIH...
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Goldman Sachs Suggests Buying Calls on Select Big-Oil Names (CVE, XOM, MRO)
Thursday, March 17, 2011 - 9:17am | 259Goldman Sachs is out with a research note this morning, where it suggests that traders continue to buy calls on select energy and big oil stocks as volatility is likely to remain high and they expect strong global demand to drive oil prices and oil stocks higher. The analysts selected nine stocks...
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JP Morgan Revises Estimates On Transocean Following Recent Fleet Status
Thursday, March 17, 2011 - 8:56am | 134JP Morgan has published a research report on Transocean (NYSE: RIG) and has revised estimates on the company for recent fleet status. In the report, JP Morgan writes "We have updated our company model and estimates for Transocean (RIG) making only slight changes to EPS due to changes from the...
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Gabelli & Company Lowers RIG Estimates
Thursday, March 17, 2011 - 8:51am | 45Gabelli & Company is lowering its 2011 and 2012 EPS estimates on shares of Transocean Ltd. (NYSE: RIG) to $5.20 and $7.10, from $5.30 and $7.45, respectively, to reflect lower projected day rates and increased downtime. Transocean closed Wednesday at $76.14.
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Citi Maintains Buy Rating for RIG
Thursday, March 17, 2011 - 8:18am | 82Citi has issued a report in which they reiterate the Buy Rating of Transocean Inc. (NYSE: RIG). In the report Citi writes, "We have raised our EPS estimates slightly in 2011 and 2012 (see below). We reiterate our Buy (1H) rating and $97 price target. Potential catalysts include Petrobras...
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Benzinga's Top Downgrades (LVS, HERO, AGCO, AAPL)
Wednesday, March 16, 2011 - 8:31am | 147Las Vegas Sands Corp (NYSE: LVS) was downgraded by Argus from "buy" to "hold." LVS' shares closed at $37.94 yesterday. Las Vegas Sands' trailing-twelve-month ROE is 9.90%. FBR Capital downgraded Hercules Offshore Inc (NASDAQ: HERO) from “market perform” to “underperform.” HERO's stock closed at $5...
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Vantage Drilling Reports Q4 Loss of $0.05 per share
Wednesday, March 16, 2011 - 6:10am | 68Vantage Drilling (AMEX: VTG) reported a Q4 loss at $0.05 per share, versus the expected loss of $0.01 per share. VTG reported its Q4 revenue at $84.89 million, versus the consensus of $70.23 million. VTG shares fell 3.09% to close at $1.88 yesterday. Read more from Benzinga's Company news.
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Bronco Drilling Co. Inc. President Sells 12,143 Shares of BRNC
Tuesday, March 15, 2011 - 4:45pm | 61In a Form 4 filed earlier today, Bronco Drilling Co. Inc. (NASDAQ: BRNC) President, Mark Dubberstein, reported that he sold 12,143 shares of BRNC on March 14th for an average price of $10.11. The transaction totaled $122,766. Mr. Dubberstein owns 289,749 direct shares of BRNC. Source: The...
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Stifel Nicolaus Upgrades Noble Corporation to Buy (NE)
Tuesday, March 15, 2011 - 9:03am | 152Stifel Nicolaus is out with its report today on Noble Energy (NYSE: NE), upgrading shares of NE from Hold to Buy. In a note to clients, Stifel Nicolaus writes, "We are upgrading shares of Noble to Buy from Hold. Our 12-month target price is $53/share, representing approximately 12x our 2012...
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J.P. Morgan Upgrades Noble Corp Rating To Overweight (NE)
Monday, March 14, 2011 - 8:27am | 145In light of the increased construction in offshore drilling, J.P. Morgan has upgraded Noble Corp (NYSE: NE) to an Overweight Rating. According to the report, “Raising Noble Corp to Overweight from Neutral with a $50 PT. While Noble's fleet remains a work in progress , valuation is not only the...
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FBR Capital Downgrades NE To Market Perform
Monday, March 14, 2011 - 7:13am | 48Analysts at FBR Capital downgrade Noble Corporation (NYSE: NE) from “outperform” to “market perform.” NE shares gained 3.06% to close at $44.10 on Friday. More Analyst Ratings here
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BHP Billiton Wins Second Post-Spill Deepwater Gulf Permit
Saturday, March 12, 2011 - 10:13pm | 215BHP Billiton (NYSE: BHP), the world's largest mining company, was awarded the second permit to drill in deepwater locations in the Gulf of Mexico following last year's oil spill, the largest ever to be seen in the U.S. Following the spill, which was caused by the explosion of the Deepwater Horizon...