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Atwood Oceanics, Inc. Announces Appointment of Chairman of the Board of Directors
Friday, March 11, 2011 - 12:13pm | 88Atwood Oceanics, Inc. (NYSE: ATW), announced that Mr. George S. Dotson was appointed non-executive Chairman of the Board of Directors effective March 10, 2011. He has served as a member of the Board of Directors of the Company since February 1988. From 1990 until his retirement in 2006, Mr....
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Citi Reiterates Buy on Noble Corp (NE)
Friday, March 11, 2011 - 11:05am | 126Citi is out with its report today on Noble Corp (NYSE: NE), reiterating Buy. In a note to clients, Citi writes, "NE announced that it has received six contracts and one extension from Pemex. We believe this is a significant positive for NE because it suggests relief from some of the delays that...
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Royale Energy, Up 2% (ROYL)
Thursday, March 10, 2011 - 2:58pm | 40Royale Energy, Inc. (NASDAQ: ROYL) shares are up 2% on the spike up in oil. At last check, shares were up 13 cents to $6.15, a gain of 2.1% on 3.3 million shares.
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Global Hunter Comments On Solid 4Q For Hercules Offshore
Thursday, March 10, 2011 - 11:53am | 143In a report published by Global Hunter, Hercules Offshore (NASDAQ: HERO) put up a solid 4Q, reporting an EPS of $(0.03) compared to its expectation/ consensus of $(0.12)/$(0.11). Global Hunter said that the better than expected performance was largely driven by reduced drilling OPEX, which is the...
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UPDATE: Citi Color On Hero Estimate Increases
Thursday, March 10, 2011 - 9:34am | 159Citi, which raised its PT on shares of Hercules Offshore (NASDAQ: HERO), is providing some color on the stock. “We are raising our EPS estimates in 2011 and 2012 and introducing an EPS estimate of ($0.06) per share in 2013,” Citi writes. “Our three-year earnings trajectory is now significantly...
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Citigroup Raises PT On Hercules Offshore To $6
Thursday, March 10, 2011 - 8:02am | 29Citigroup has raised the price target on Hercules Offshore Inc. (NASDAQ: HERO) from $3.60 to $6 and maintains its Hold rating.
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Dahlman Rose Reiterates Hold Rating on Hercules Offshore (HERO)
Wednesday, March 9, 2011 - 3:39pm | 146Dahlman Rose is out with a research report this afternoon, where it reiterates its Hold rating on Hercules Offshore (NASDAQ: HERO). The DR analysts said that they view the company's purchase of Seahawk favorably as the acquisition price of just ~$14MM per working jackup is quite attractive. They...
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Hercules Offshore 4Q10 Stronger than Expected; Maintain Hold (HERO)
Wednesday, March 9, 2011 - 3:05pm | 196Dahlman Rose released a report today discussing the stronger-than-expected 4Q10 results of Hercules Offshore, Inc. (NASDAQ: HERO), which operates shallow-water offshore drilling and liftboat services. Excluding a previously-disclosed impairment charge on HERO's offshore rigs and Delta towing...
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Ensco Rated #1 Among Offshore Drillers in the Leading Independent Customer Satisfaction Survey
Wednesday, March 9, 2011 - 12:58pm | 111Ensco plc (NYSE: ESV) was ranked highest among offshore drillers in the recently announced Customer Satisfaction Index of Global Oilfield Suppliers conducted by EnergyPoint Research, an independent research firm that measures and monitors customer satisfaction in the global oilfield. Ensco earned...
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Royale Energy, Inc. Announces FY 2010 EPS Of $0.12
Wednesday, March 9, 2011 - 9:08am | 35Royale Energy, Inc. (NASDAQ: ROYL) today announced an EPS of $0.12 per share for the year ended December 31, 2010, compared to a loss of $0.24 per share in 2009.
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Benzinga's Top Pre-Market NASDAQ Gainers (HERO, GOLD, ARMH, LOGI)
Wednesday, March 9, 2011 - 9:07am | 127Hercules Offshore Inc (NASDAQ: HERO) rose 2.22% to $5.52 in the pre-market session. HERO reported narrower-than-expected Q4 loss. Randgold Resources Limited (NASDAQ: GOLD) added 1.61% to $74.94 in the pre-market session. GOLD's PEG ratio is 0.39. ARM Holdings plc (NASDAQ: ARMH) moved up 1.05% to...
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Hercules Announces 4Q EPS Of ($0.74) vs. ($0.11)
Wednesday, March 9, 2011 - 8:49am | 20Hercules (NASDAQ: HERO) has announced a 4Q EPS of ($0.74) vs. ($0.11).
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Credit Suisse Upgrades Ensco to Outperform (ESV)
Wednesday, March 9, 2011 - 8:37am | 115Credit Suisse is out with its report today on Ensco PLC (NYSE: ESV), upgrading ESV from Neutral to Outperform. In a note to clients, Credit Suisse writes, "We upgrade ESV shares to Outperform from Neutral based on an attractive relative valuation, possible near-term catalysts in the deepwater, and...
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Hercules Offshore Reports Lower-Than-Expected Q4 Loss
Wednesday, March 9, 2011 - 8:18am | 64Hercules Offshore (NASDAQ: HERO) reported its Q4 adjusted EPS at -$0.03, versus the consensus of -$0.11. HERO reported its Q4 revenue at $172.3 million, versus the consensus of $170.43 million. HERO shares gained 1.85% to $5.50 in pre-market trading. Read more from Benzinga's Company news.
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Small Oil Companies Down Today (LEI, ROYL, GEOI)
Tuesday, March 8, 2011 - 12:47pm | 87The small oil companies are getting hit hard today, as oil is falling for the first time in a couple of days. Lucas Energy, Inc. (AMEX: LEI), Royale Energy, Inc. (NASDAQ: ROYL) and GeoResources, Inc. (NASDAQ: GEOI) are all down sharply, although GeoResources has come well off its lows. Oil is...