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Transocean Reports EPS of $0.68 vs. $0.92; Revenue $2.16B vs. $2.31B
Wednesday, February 23, 2011 - 5:08pm | 75Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today reported a net loss attributable to controlling interest for the three months ended December 31, 2010 of $799 million or $2.51 per diluted share. The results compare to net income attributable to controlling interest of $723 million, or $2.24 per...
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Transocean Bounces Back (RIG)
Wednesday, February 23, 2011 - 4:44pm | 78Transocean LTD (NYSE: RIG) shares have bounced back, and are now positive by 73 cents to trade at $82.35, despite having some earnings release issues. Some people are speculating that Bloomberg released the earnings early, and that it wasn't the company's fault. Benzinga placed a call to the...
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Parker Drilling Reports Q4 EPS of $0.01 vs. $0.05
Wednesday, February 23, 2011 - 9:13am | 128Parker Drilling (NYSE: PKD) today reported results for the 2010 fourth quarter and annual periods ended December 31, 2010. The Company's results for the fourth quarter included a net loss attributable to controlling interest of $13.4 million or $0.12 per diluted share on revenues of $173.3...
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Unit Corporation Reports Q4 EPS of $0.92 vs. $0.89
Tuesday, February 22, 2011 - 10:21am | 73Unit Corporation (NYSE: UNT) reported net income of $43.7 million, or $0.92 per diluted share, for the three months ended December 31, 2010. For the same period in 2009, net income was $28.5 million, or $0.60 per diluted share. Total revenues for the fourth quarter of 2010 were $252.6 million (39...
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Verona Pharma receives positive results for asthma treatment at higher doses
Tuesday, February 22, 2011 - 4:58am | 497Verona Pharma (LON:VRP) , the AIM listed biotech company with a focus on developing treatments for chronic respiratory diseases such as asthma, has completed a successful trial of higher doses of its lead drug, RPL554, in patients with mild asthma. Verona said the results provided further support...
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A Look Ahead: Next Week's ETFs To Watch
Saturday, February 19, 2011 - 8:55pm | 377Another week, another set of gains for U.S. equities. This party just doesn't want to stop. It's truly a viscious circle for the bears: The market goes up, forcing shorts to cover, which serves as gasoline on the fire. Calling a top? Good luck. Everyone that was doing that 100 S&P 500 points...
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Friday's Put/Call Ratio Leaders (ACOR, IT, RDC, GGB, BID)
Friday, February 18, 2011 - 1:46pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Acorda Therapeutics Inc. (NASDAQ: ACOR) 2,963 puts, 35 calls 2. Gartner Inc. (NYSE: IT) 2,961 puts, 37 calls 3. Rowan Companies Inc. (NYSE: RDC) 3,046 puts, 122 calls 4. Gerdau SA (...
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Jefferies Raises Pride International PT To $41, Maintains Hold (PDE)
Friday, February 18, 2011 - 9:35am | 83Jefferies raised its Pride International (NYSE: PDE) price target from $36 to $41 and maintained Pride International's Hold rating in a research report published today. In the report, Jefferies states, "While we favor PDE's premium UDW fleet, good earnings visibility, and outsized EPS growth in...
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Jefferies Raises PT On Pride International To $41
Friday, February 18, 2011 - 8:42am | 27Jefferies & Company has raised the price target on Pride International (NYSE: PDE) from $36 to $41 and maintains its Hold rating.
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Spike in VIX Put Buying 02-17-2011
Thursday, February 17, 2011 - 7:58pm | 830Cusick's Corner The market continued to set new highs and insurance is starting to be a consideration. The VIX closed 16.59 -.13 and was in the green for the latter part of the day. There was a slight influx of some VIX put buying in spite of the continued challenge to the upside. While this is...
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Calls Purchased on Pride International, Inc. (PDE)
Thursday, February 17, 2011 - 3:57pm | 133Shares of Pride International, Inc. (NYSE: PDE) are lower on the session by 0.32%, currently trading at $40.40. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today...
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Short-Term Technicals Extended 02-17-2011
Thursday, February 17, 2011 - 3:49pm | 941Cusick's Corner The S&P is up 4% so far this month and it's on a 9 session winning streak of finishing in the green. This leaves short-term technicals a little extended but it looks like there are no signals of this developing into pressure on the current bullish trend. If you watched the...
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Jefferies Raising Price Target On Nabors (NBR)
Thursday, February 17, 2011 - 10:19am | 145Jefferies & Co. is raising its price target on shares of Nabors Ind. (NYSE: NBR) to $35 from $27 after it reported earnings. It has a Buy rating on shares. In a note to clients, Jefferies writes, "Despite implied 2011 EPS guidance of $1.55-$1.65, we are increasing our EPS to $1.80 from $1.66...
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Jefferies Raises PT On Nabors Industries To $35
Thursday, February 17, 2011 - 9:32am | 27Jefferies & Company has raised the price target on Nabors Industries (NYSE: NBR) from $27 to $35 and maintains its Buy rating.
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Pride International, Inc. Reports Q4 EPS of $0.35 vs. $0.42
Thursday, February 17, 2011 - 9:11am | 55Pride International, Inc. (NYSE: PDE) today reported income from continuing operations, net of tax, for the three months ended December 31, 2010 of $62.2 million, or $0.35 per diluted share. Revenues from the company's Deepwater segment during the fourth quarter of 2010 were $270.9 million, up 25%...