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Rowan Reports Q4 EPS of $0.45 vs. $0.29
Friday, February 25, 2011 - 9:12am | 89For the three months ended December 31, 2010, Rowan Companies, Inc. (NYSE: RDC) generated net income of $57.3 million or $0.45 per share, compared to $60.8 million or $0.53 per share in the fourth quarter of 2009. Revenues were $458.8 million in the fourth quarter of 2010, compared to $399.8...
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Duncan-Williams Downs RIG To Reduce
Friday, February 25, 2011 - 7:49am | 39Analysts at Duncan-Williams downgrade Transocean Ltd (NYSE: RIG) from “buy” to “reduce.” RIG shares dropped 1.72% to close at $80.62 yesterday. More Analyst Ratings here
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Oil Falls & Market Bounces Amid Rumors Gadhafi Shot 02-24-2011
Thursday, February 24, 2011 - 7:41pm | 938Cusick's Corner oXSocialsphere was white hot with discussion on the rumored news of Gadhafi being shot, which took $2 out of the Crude and the market rallied to just below breakeven. As I mentioned in the Midday, the bid seemed to be lurking around and bit into the After Hours. The headline risk...
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Leaving on a Jet Plane, Will the Market Come Back Again? 02-24-2011
Thursday, February 24, 2011 - 4:06pm | 958Cusick's Corner Looks like Colonel Gadhafi is singing a new tune, “I am leaving on a jet plane. I don't know when I'll be back again...” (I never thought I would ever incorporate a Peter, Paul & Mary song.) There are reports that Gadhafi is attempting to flee the country. While the initial...
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Options Brief: Ensco plc (ESV)
Thursday, February 24, 2011 - 2:38pm | 81Shares of Ensco plc (NYSE: ESV) are higher on the session by 1.75%, trading at $54.00. Overall call volume is now running at 3.65x the daily average, with 66% of all calls traded being purchases on the offer. 9,280 contracts have traded on the session so far. Ensco plc, formerly Ensco...
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Transocean Making New Lows (RIG)
Thursday, February 24, 2011 - 12:29pm | 58Shares of drilling services provider Transocean (NYSE: RIG) are seeing some pressure on Thursday and the stock is sitting near new lows for the day, down 2.77% to $79.76. The company released disappointing earnings results on Wednesday after the closing bell and some shareholders are taking the...
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Options Brief: Hercules Offshore (HERO)
Thursday, February 24, 2011 - 11:20am | 92Shares of Hercules Offshore (NASDAQ: HERO) are lower on the session by 0.46%, trading at $4.30. Overall call volume is now running at 9.91x the daily average, with 21% of all calls traded being purchases on the offer. 8,681 contracts have traded on the session so far. Hercules Offshore, Inc....
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NASDAQ Stocks Hitting 52-Week Highs (BEXP, ROYL, BDCO, DWSN)
Thursday, February 24, 2011 - 11:09am | 164Brigham Exploration Company (NASDAQ: BEXP) shares reached $34.86 to create a new 52-week high, before falling to $34.43, representing a 1.68% gain. BEXP is scheduled to report its Q4 results after the closing bell on February 24. Royale Energy Inc (NASDAQ: ROYL) shares gained 45.38% to create a...
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Royale Energy Trading Significantly Higher Today (ROYL)
Thursday, February 24, 2011 - 11:01am | 32Royale Energy (NASDAQ: ROYL) is trading significantly higher today. At the time of posting, shares of ROYL were trading at $5.28, up 47.90% from Wednesday's close.
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STOCKS ON THE MOVE (BRNC)
Thursday, February 24, 2011 - 10:59am | 12STOCKS ON THE MOVE (BRNC)...
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Morning Market Movers (CRFN, ROYL, TORM, KAI)
Thursday, February 24, 2011 - 10:57am | 123Crescent Financial Corporation (NASDAQ: CRFN) jumped 89.40% to $4.11 at 9:55 am. Piedmont Community Bank Holdings announced its plans to invest $75 million in CRFN. Royale Energy Inc (NASDAQ: ROYL) shares advanced 37.96% to $4.93. ROYL received regulatory approval to initiate production on the...
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Jefferies Remains Neutral on Transocean Ltd. (RIG)
Thursday, February 24, 2011 - 10:40am | 97Jefferies is out with its report today on Transocean Ltd. (NYSE: RIG), maintaining Neutral. In a note to clients, Jefferies writes, "Although we are positive on the recovery in offshore drilling activity in 2011 and 2012, we remain neutral on RIG shares as we believe idle capacity, newbuild supply...
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Pre-Market Movers (ROYL) Mentioned Yesterday at 11am was in high $2.00 Range ,Now $4.50 Pre-MKT ,(SD),(RAME)
Thursday, February 24, 2011 - 9:04am | 36Pre-Market Movers (ROYL) Mentioned Yesterday at 11am was in high $2.00 Range ,Now $4.50 Pre-MKT ,(SD),(RAME)
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Transocean Early Release Of Earnings Were Incorrectly Calculated From Special Items (RIG)
Wednesday, February 23, 2011 - 5:46pm | 84Chatter spread earlier today that Transocean's (NYSE: RIG) earnings had been released early on its website. As Benzinga and CNBC reported, the earnings were calculated at $0.68 versus the Street EPS estimate of $0.89. Transocean called Benzinga to confirm that these early release numbers were...
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Transocean Reports Earnings (RIG)
Wednesday, February 23, 2011 - 5:16pm | 73There was an earnings leak on Wednesday during market hours regarding Transocean (NYSE: RIG). The reports indicated that the company reported EPS of $0.68 versus analysts' consensus estimates of $0.89. Yahoo is reporting that RIG reported EPS of $0.83, but it may not be comparable to consensus...