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Company News for November 22, 2010 - Corporate Summary
Monday, November 22, 2010 - 4:59am | 687• Tyson (NYSE: TSN) posted fiscal fourth quarter earnings of $0.64, beating estimates of $0.56. Revenues were $7.44 billion, below estimates of $7.75 billion • Tech Data (NASDAQ: TECD) reported third quarter earnings $1.07 up from estimates of $0.95 on revenues of $6.16 billion that beat estimates...
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U.S. Rig Count Retreats - Analyst Blog
Monday, November 22, 2010 - 3:43am | 892In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting decreases in the land and offshore rig counts for natural gas drilling. The Baker Hughes...
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Friday's Put/Call Ratio Leaders (VIT, NOG, PTEN, CIEN, WCC)
Friday, November 19, 2010 - 1:39pm | 92Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Vanceinfo Technologies (NYSE: VIT) 10,937 puts, 274 calls 2. Northern Oil and Gas (NYSE: NOG) 10,281 puts, 480 calls 3. Patterson UTI (NASDAQ: PTEN) 2,561 puts, 172 calls 4. Ciena...
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Oppenheimer Rates Atwood Oceanics Outperform Following EPS Beat
Friday, November 19, 2010 - 11:46am | 90Oppenheimer maintains its Outperform rating on Atwood Oceanics (NYSE: ATW) following its 4Q10 earnings beat. Atwood reported fiscal 4Q10 (Sep.) EPS of $0.99, above Oppenheimer's $0.91 estimate and consensus $0.92. In a note to clients, Oppenheimer writes, "The biggest drivers were higher revenue...
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Helmerich & Payne Posts Strong 4Q - Analyst Blog
Friday, November 19, 2010 - 10:03am | 734Contract drilling services provider, Helmerich & Payne Inc. (HP ) reported solid results for the fourth fiscal quarter of 2010 (three months ended September 30, 2010). As has been the case with peers that have already reported – Patterson-UTI Inc. (PTEN) and Nabors Industries (NBR),...
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PTEN Downgraded To Hold
Friday, November 19, 2010 - 9:46am | 163Dahlman Rose has published a research report on Patterson-UTI Energy, Inc. (NYSE: PTEN) and has downgraded the company to Hold after rethinking the risk/reward forecast on the company. In the report, Dahlman Rose writes "PTEN shares are up nearly 40%, nearing our original price target of $22. In...
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Helmerich & Payne Posts Strong 4Q - Analyst Blog
Friday, November 19, 2010 - 4:20am | 734Contract drilling services provider, Helmerich & Payne Inc. (HP ) reported solid results for the fourth fiscal quarter of 2010 (three months ended September 30, 2010). As has been the case with peers that have already reported – Patterson-UTI Inc. (PTEN) and Nabors Industries (NBR),...
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Fast Money Picks For November 19th (F, HPQ, DELL, PDE, FIRE)
Thursday, November 18, 2010 - 8:38pm | 230On CNBC's Fast Money, Anthony Scaramucci said that if you are interested in the auto space, you should buy Ford Motor Company (NYSE: F) on Friday. Ford Motor Company (F) dropped 3.36% today. Joe Terranova wants to buy Hewlett-Packard Company (NYSE: HPQ) tomorrow. He is encouraged by good earnings...
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Helmerich & Payne Up 3.6% On Earnings News (HP)
Thursday, November 18, 2010 - 2:08pm | 263Shares of Helmerich & Payne Inc. (NYSE: HP) are currently up 3.6% at $46.97 per share during Thursday afternoon trading. Today's trading range for shares of Helmerich & Payne Inc has been between $45.53 and $46.89 per share. The consensus price target of analysts covering the company's...
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Thursday's Put/Call Ratio Leaders (TLAB, DG, PTEN, COCO, SE)
Thursday, November 18, 2010 - 1:42pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Tellabs Inc. (NASDAQ: TLAB) 15,231 puts, 199 calls 2. Dollar General Corp. (NYSE: DG) 3,601 puts, 63 calls 3. Patterson UTI (NASDAQ: PTEN) 3,127 puts, 67 calls 4. Corinthian Colleges...
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Noble Stacks 10 More Rigs - Analyst Blog
Thursday, November 18, 2010 - 12:01pm | 455Noble Corporation (NE), one of the largest offshore drilling contractors, sent 10 rigs to shipyard as they could not secure contracts. This brings the number of out-of-work or stacked rigs to 12 out of its total 65 rigs. The news came a day after its larger rival Transocean Ltd (RIG) stacked four...
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Oppenheimer Maintains Noble Rating, Cuts EPS Estimates
Thursday, November 18, 2010 - 10:47am | 93Noble Corporation's (NYSE: NE) fleet status report showed a significant drop in anticipated 4Q10 downtime (961 days, up 111% from the prior estimate at the end of 3Q), Oppenheimer reports. “Much of the blame can be placed on the drilling moratorium in the GOM and the subsequent slowdown in...
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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 10:33am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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Helmerich & Payne Beats Estimates (HP)
Thursday, November 18, 2010 - 8:27am | 266Tulsa, Oklahoma based Helmerich & Payne Inc. (NYSE: HP) announced on Thursday morning that it beat consensus Wall Street estimates. Helmerich & Payne Inc reported that it's 4th quarter net income rose to $83 million, or 78 cents per share, from $51.5 million, or 49 cents per share, a year...
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Noble Stacks 10 More Rigs - Analyst Blog
Thursday, November 18, 2010 - 6:38am | 455Noble Corporation (NE), one of the largest offshore drilling contractors, sent 10 rigs to shipyard as they could not secure contracts. This brings the number of out-of-work or stacked rigs to 12 out of its total 65 rigs. The news came a day after its larger rival Transocean Ltd (RIG) stacked four...