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Options Brief: Helmerich & Payne (HP)
Thursday, January 27, 2011 - 11:26am | 86Shares of Helmerich & Payne (NYSE: HP) are higher on the session by 6.79%, trading at $55.33. Overall call volume is now running at 2.48x the daily average, with 61% of all calls traded being purchases on the offer. 1,518 contracts have traded on the session so far. Helmerich & Payne, Inc...
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Straddling Earnings Season - Know Your Options
Thursday, January 27, 2011 - 1:00am | 1065With earnings season in full swing, here's an options strategy that's perfect for a company about to report. A straddle involves buying both a call and a put at the same strike price (at-the-money) at the same time. With options, you buy a call if you expect the market to go up. And you buy a...
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Oil & Gas Industry Outlook - Jan. 2011 - Industry Outlook
Thursday, January 27, 2011 - 1:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Oil & Gas Industry Outlook - Jan. 2011 - Zacks Analyst Interviews
Thursday, January 27, 2011 - 1:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Noble Corporation Reports Q4 EPS of $.39 vs $.33
Wednesday, January 26, 2011 - 6:00pm | 67Noble Corporation (NYSE: NE) today reported fourth quarter 2010 earnings of $99 million, or $0.39 per diluted share, versus $446 million, or $1.72 per diluted share, for the fourth quarter of 2009. Contract drilling services revenues for the fourth quarter of 2010 were $614 million versus $894...
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Xerox Beats by a Penny - Analyst Blog
Wednesday, January 26, 2011 - 2:31pm | 612Xerox Corporation (XRX) reported a profit of $417 million or 29 cents per share in the fourth quarter of 2010, barely exceeding the Zacks Consensus Estimate by a penny. The profit was higher than the year-ago level of 235 million or 26 cents per share. Revenues in the quarter surged 42% to $5....
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Xerox Beats by a Penny - Analyst Blog
Wednesday, January 26, 2011 - 1:57pm | 612Xerox Corporation (XRX) reported a profit of $417 million or 29 cents per share in the fourth quarter of 2010, barely exceeding the Zacks Consensus Estimate by a penny. The profit was higher than the year-ago level of 235 million or 26 cents per share. Revenues in the quarter surged 42% to $5....
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Massive Move In Oil Service HOLDRs (OIH, HAL, RIG, BHI)
Wednesday, January 26, 2011 - 1:18pm | 161The energy complex is leading the stock market higher on Wednesday. A huge move is underway in the Oil Service HOLDRs Trust (NYSE: OIH), which has surged 3.82% on heavy volume and is currently sitting at the highs of the day. More than 3.5 million OIH shares have already traded hands with 4 hours...
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Jefferies Favorite Land Drillers (PTEN, PDC, NBR)
Wednesday, January 26, 2011 - 11:16am | 179Jefferies is out with its "Drilling Report" today and names its favorite land drillers. In a note to clients, Jefferies writes, "Similar to 3Q earnings season, we expect another round of solid EPS beats and upward revisions to 2011 EPS estimates for the land drillers as Consensus estimates are...
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Benzinga's Top Downgrades (JASO, PDS, TLAB, ESRX)
Wednesday, January 26, 2011 - 9:40am | 137JA Solar Holdings Co Ltd (NASDAQ: JASO) was downgraded by Collins Stewart from "buy" to "neutral." JASO's shares closed at $7.35 yesterday. JASO's trailing-twelve-month ROA is 11.33%. Precision Drilling Corporation (NYSE: PDS) was downgraded by UBS from "buy" to "neutral." PDS' stock closed at $10....
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Wells Fargo Fine-Tunes RDC Estimates
Monday, January 24, 2011 - 11:11am | 132Wells Fargo is fine-tuning its estimates on Rowan Companies, Inc. (NYSE: RDC). “Despite utilization indicated lower than we had previously estimated in Q4 2010 and Q1 2011, we think the more important item for investors is RDC's $300,000/day LOI in Norway for the high-spec harsh environment N-Class...
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U.S. Rig Count Up by 13 Units - Analyst Blog
Monday, January 24, 2011 - 10:31am | 895In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued since 1944,...
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U.S. Rig Count Up by 13 Units - Analyst Blog
Monday, January 24, 2011 - 9:45am | 895In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued since 1944,...
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EIA Reports Large Natural Gas Draw - Analyst Blog
Friday, January 21, 2011 - 6:31pm | 777The U.S. Energy Department's weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to considerably colder-than-normal weather conditions. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday...
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EIA Reports Large Natural Gas Draw - Analyst Blog
Friday, January 21, 2011 - 5:38pm | 777The U.S. Energy Department's weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to considerably colder-than-normal weather conditions. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday...