-
Global Hunter Calls Recent Bronco Drilling Growth "Just The Beginning"
Monday, March 7, 2011 - 10:03am | 173In a report published by Global Hunter, Bronco Drilling's (NASDAQ: BRNC) recent growth is likely just the beginning. Global Hunter reported that BRNC continues to benefit from its decision to divest non-core assets, improve its balance sheet, and position its fleet in the oily and liquids-rich...
-
UPDATE: Global Hunter Increases PT on Union Drilling to $11.50 (UDRL)
Monday, March 7, 2011 - 9:45am | 108Global Hunter is out with its report today on Union Drilling (NASDAQ: UDRL), raising its PT to $11.50. In a note to clients, Global Hunter writes, "Applying the same 4x multiple to our 2012 EBITDA estimate we derive an $11.50 price target, up from $7.50. With >18% upside to our target, which we...
-
Benzinga's Top Downgrades (HERO, BYD, PNCL, JNS)
Monday, March 7, 2011 - 9:17am | 151Hercules Offshore Inc (NASDAQ: HERO) was downgraded by Weeden from "buy" to "hold." HERO's shares closed at $5.9250 on Friday. Hercules Offshore's trailing-twelve-month ROE is -7.97%. Goldman downgraded Boyd Gaming Corporation (NYSE: BYD) from “neutral” to “sell.” BYD's stock closed at $10.13 on...
-
A Peek Into The Market Before The Trading Starts
Friday, March 4, 2011 - 8:48am | 396Pre-open moversUS stock futures are higher this morning, as investors are awaiting nonfarm payrolls for February. Futures on the Dow Jones Industrial Average surged 24 points to 12,263.00 and futures on the S&P 500 stock index gained 1.50 points to 1,331.20. Nasdaq 100 futures rose 1.25 points...
-
Bronco Drilling Company, Inc. Announces Fourth Quarter and Fiscal Year 2010 Results
Friday, March 4, 2011 - 8:38am | 113Bronco Drilling Company, Inc., (Nasdaq: BRNC), announced today financial and operational results for the three months and twelve months ended December 31, 2010. Revenues for the fourth quarter of 2010 were $37.3 million compared to $34.8 million for the third quarter of 2010 and $15.9 million for...
-
Bronco Drilling Reports Q4 Adjusted EPS of $0.06
Friday, March 4, 2011 - 8:36am | 69Bronco Drilling Company Inc (NASDAQ: BRNC) reported its Q4 adjusted EPS at $0.06, versus the expected loss of $0.01 per share. BRNC reported its Q4 revenue at $37.3 million, versus the consensus of $36.73 million. BRNC shares gained 0.45% to close at $8.95 yesterday. Read more from Benzinga's...
-
Earnings Scheduled For March 4 (ALC, MSG, BRNC, CIS, ABR, COWN, ZSTN, FREE, MCGC)
Friday, March 4, 2011 - 4:08am | 257Assisted Living Concepts Inc (NYSE: ALC) is expected to post its Q4 earnings at $0.42 per share on revenue of $57.86 million. Madison Square Garden Inc (NASDAQ: MSG) is expected to report its Q4 EPS at $0.43 on revenue of $435.06 million. Bronco Drilling Company Inc (NASDAQ: BRNC) is expected to...
-
Union Drilling Reports 2010 Fourth Quarter Results
Thursday, March 3, 2011 - 5:16pm | 132Union Drilling, Inc. (Nasdaq: UDRL) announced today financial and operating results for the three and twelve month periods ended December 31, 2010. Revenues for the fourth quarter of 2010 were $58.2 million compared to $40.6 million in the fourth quarter of 2009. The Company reported a net loss of...
-
Options Brief: Rowan Companies, Inc. (RDC)
Thursday, March 3, 2011 - 2:16pm | 83Shares of Rowan Companies, Inc. (NYSE: RDC) are higher on the session by 0.61%, trading at $42.96. Overall call volume is now running at 4.18x the daily average, with 76% of all calls traded being purchases on the offer. 8,002 contracts have traded on the session so far. Rowan Companies, Inc. is a...
-
Benzinga's Top Downgrades (BWC, WFT, NE, LHCG)
Thursday, March 3, 2011 - 9:27am | 190The Babcock & Wilcox Company (NYSE: BWC) was downgraded by KeyBanc from "buy" to "hold." BWC’s shares closed at $34.43 yesterday. BWC’s PEG ratio is 2.39. Sterne Agee downgraded Weatherford International Ltd (NYSE: WFT) from “buy” to...
-
Citigroup Raises PT On Noble To $54
Thursday, March 3, 2011 - 8:42am | 29Citigroup has raised the price target on Noble Corporation (NYSE: NE) from $52 to $54 and maintains its Buy rating.
-
Duncan-Williams Downgrades NE To Reduce
Thursday, March 3, 2011 - 7:55am | 62Analysts at Duncan-Williams downgrade Noble Corporation (NYSE: NE) from “hold” to “reduce.” NE shares gained 2.96% to close at $44.92 yesterday. <a href="http://www.benzinga.com/analyst-ratings">More Analyst Ratings here</a>
-
Transocean Ltd. Board Nominates New Director
Wednesday, March 2, 2011 - 5:43pm | 80Transocean Ltd. (NYSE: RIG) today announced that the Board of Directors is recommending that the company's shareholders approve at the 2011 Annual General Meeting the election of Steve Lucas as a Class III Director for a three-year term. Mr. Lucas is the retired Group Finance Director of National...
-
Options Brief: Noble Corporation (NE)
Wednesday, March 2, 2011 - 2:21pm | 78Shares of Noble Corporation (NYSE: NE) are higher on the session by 2.61%, trading at $44.77. Overall put volume is now running at 2.18x the daily average, with 3% of all puts traded being purchases on the offer. 6,638 contracts have traded on the session so far. Noble Corporation is an offshore...
-
Royale Retains Royalty in Monterey Shale Play
Wednesday, March 2, 2011 - 10:03am | 61Royale Energy, Inc. (Nasdaq: ROYL) announced that it has closed a sale of certain assets located in Kern County CA to a NYSE listed company. The sale includes an undisclosed acreage position together with several infrastructure assets. Royale has retained an overriding royalty on the acreage, which...