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Citi Raises Estimates On Patterson UTI-Eneregy
Tuesday, November 2, 2010 - 7:51am | 181Patterson UTI-Energy (NASDAQ: PTEN) delivered strong operating earnings in both drilling and pressure pumping, solidly beating Citi's estimates of EPS, $0.21 actual/$0.17 estimate, revenues of $379mm actual/$352mm estimate, and EBITDA of $138mm actual/$125mm estimate. The fundamental strength in...
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Jefferies Reiterates Buy Rating on Ensco plc (ESV)
Monday, November 1, 2010 - 10:33am | 152Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Ensco plc (NYSE: ESV); it has a $62.00 price target on the stock. The Jefferies analysts said that ESV remains their favorite offshore driller due to upside from the jack-up market in 2011, the...
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Noble Corporation Board Schedules Regular Capital Reduction Payments
Friday, October 29, 2010 - 3:04pm | 147Noble Corporation (NYSE: NE) today reported that the Company's Board has set the record and payment date for a payment to shareholders in the form of a regular capital reduction. On April 30, 2010, the shareholders of the Company approved a return of capital to shareholders through a reduction in...
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Puts Purchased on Pride International, Inc. (PDE)
Friday, October 29, 2010 - 11:04am | 160Shares of Pride International, Inc. (NYSE: PDE) are higher on the session by 2.01%, currently trading at $30.43. The stock has been moving largely higher over the past two months, rallying above the 50-day and 200-day moving averages. First resistance is at $32.25. Options traders are buying puts...
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Royale Reports Q3 EPS of $.02
Thursday, October 28, 2010 - 1:01pm | 128Royale Energy, Inc. (Nasdaq: ROYL) today announced 3rd quarter Net Income of $276,200, bringing 2010 earnings to $979,079, compared to a loss of $2,014,612 for the same period in 2009. This represents an improvement of $2,993,691 from the prior year, exceeding, in nine months, all full-year results...
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Microsoft Outlines Opportunity in the Cloud and on Devices at Professional Developers Conference 2010
Thursday, October 28, 2010 - 12:31pm | 123Today at the Microsoft Professional Developers Conference (PDC), Microsoft Corp. showcased how developers can build applications in the cloud to power rich, immersive device experiences. In addition to the developers in attendance at the company's corporate campus in Redmond, Wash., the event was...
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Citigroup Reiterates Hold Rating on Hercules Offshore (HERO)
Thursday, October 28, 2010 - 9:16am | 194Citigroup is out with a research report this morning, where it reiterates its Hold-Speculative rating on Hercules Offshore Inc. (NASDAQ: HERO); it has a $2.40 price target on the stock, down from $3.60. The Citi analysts noted that this quarter was a positive step, as utilization either picked up...
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Oil & Gas Industry Outlook - Oct. 2010 - Industry Outlook
Wednesday, October 27, 2010 - 4:33pm | 2391Crude 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 $85 per barrel level earlier this year. However, growing doubts about the strength of the U.S. economy this summer and host of other...
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Solid Quarter for Nabors - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 609Nabors Industries Ltd (NBR) – North America's largest onshore oil and natural gas driller – reported better-than-expected third quarter results on the back of strength in its North American onshore activity levels. Earnings per share (excluding special items) came in at 29 cents, 6 cents ahead...
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Zacks Industry Outlook Highlights: Petrobras, Acergy S.A., Core Laboratories N.V., Halliburton and Patterson-UTI Energy - Press Releases
Wednesday, October 27, 2010 - 3:33pm | 1116For Immediate Release Chicago, IL – October 27, 2010 – Today, Zacks Equity Research discusses the Oil & Gas Industry, including: Petroleo Brasileiro S.A., or Petrobras (PBR), Acergy S.A. (ACGY), Core Laboratories N.V. (CLB), Halliburton Co. (HAL) and Patterson-UTI Energy (PTEN). A synopsis...
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Nabors Beats Handily (NBR)
Tuesday, October 26, 2010 - 4:31pm | 308Nabors Industries Ltd. (NYSE: NBR) reports Q3 earnings of $0.29 versus consensus of $0.23. Nabors Industries Ltd. reports revenues of $1.08 billion versus consensus of $977.61 million. Gene Isenberg, Nabors' Chairman and CEO, commented, “The quarter represented solid operational performance by most...
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Nabors 3Q2010 EPS Equals $0.29 From Continuing Operations
Tuesday, October 26, 2010 - 4:05pm | 205Nabors Industries Ltd. (NYSE: NBR) today announced its results for the third quarter and nine months ended September 30, 2010. Adjusted income derived from operating activities was $164.4 million for the third quarter, compared to $117.2 million in the third quarter of 2009 and $126.8 million in...
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Wells Fargo Initiates Coverage On Patterson-UTI Energy
Tuesday, October 26, 2010 - 10:11am | 155Wells Fargo is initiating coverage on Patterson-UTI Energy (NASDAQ: PTEN) with a Market Perform on the stock and a valuation of $19-21. Wells Fargo's 2010 and 2011 revenue and EPS estimates are $1.37B/$0.66 and $1.71B/$0.97. It likes PTEN's savvy, shareholder friendly management, which should...
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Mad Money Lightning Round: Cramer Likes J Crew, Progress Energy (HBAN, JCG, GLW, AYE, EXC, FE, PGN, RIG, SLB, WFT)
Tuesday, October 26, 2010 - 5:07am | 246On CNBC's Mad Money, Jim Cramer said during the Lightning Round that regional banks are “OK” and he likes Huntington Bancshares (HBAN). He added, “But the banking group is not good right now, so be prepared to take a little pain." For J Crew (NYSE: JCG), he said, "I think retail is overdone to the...
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Earnings Scheduled For October 26 (DD, DV, BMY, COH, MCK, AFL, DWA, FIS, X, F, NBR, VLO, MHP, SHW, LXK, BRCM, KMB, WU, UA)
Tuesday, October 26, 2010 - 4:39am | 412DuPont (NYSE: DD) is expected to post its Q3 EPS at $0.33. DeVry (NYSE: DV) is likely to report its FQ1 earnings of $0.95 per share. Bristol-Myers Squibb & Co (NYSE: BMY) may post its Q3 earnings at $0.53 per share. Coach Inc (NYSE: COH) is estimated to post its fiscal first-quarter earnings at...