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Pritchard Capital Out With Industry Update On Oil Services (FTI, HAL, SPN)
Monday, August 16, 2010 - 8:29am | 200Pritchard Capital is out with an industry report on the oil services sector. Its top long ideas are Ensco plc (NYSE: ESV), FMC Technologies, Inc. (NYSE: FTI), Halliburton Company (NYSE: HAL), RPC, Inc. (NYSE: RES) and Superior Energy Services, Inc. (NYSE: SPN). In the report Pritchard Capital...
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6 Hottest ETFs of the Week
Sunday, August 15, 2010 - 10:20pm | 939It was a rough week for equities this week, falling 4%, as the bad news continues to pile up with little end in sight for the slow growth, stagnant unemployment picture. There were some interesting data points out this week, including a surprisingly high savings rate in the US, the notion that...
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WHAT’S ON TAP?
Sunday, August 15, 2010 - 3:33pm | 965For the week of August 16th (in conjunction with Econoday): Earnings will be heavy with retailers this week. We could get a better idea of how well the consumer is handling the difficult economy. In addition we’ll get a number of important economic reports. Let’s take a look at what’s on tap...
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Hewlett-Packard Registering Gains, Big Call Volume (HPQ)
Friday, August 13, 2010 - 2:14pm | 167Shares of Hewlett-Packard (NYSE: HPQ) have been devastated in the wake of CEO Mark Hurd's unexpected resignation. Prior to the announcement, the stock was trading in the +$46 range. During today's trading session, HPQ has gained 1.52% to $40.75. The stock's valuation looks very cheap. It is trading...
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Earnings Scorecard: Rowan - Analyst Blog
Friday, August 13, 2010 - 12:40pm | 663Following the better-than-expected quarterly results, Rowan Companies Inc. (RDC) is optimistic about the prospects for the jackup market this year, citing an uptick in work opportunities, tenders and inquiries. Rowan’s premium high specification rig fleet enjoys greater utilization and higher...
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What's Hot on TheStreet
Wednesday, August 11, 2010 - 11:47am | 268Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Prepaid Phone Plans Finally Get Real Call it the MetroPCS (NYSE: PCS) effect, but Verizon (NYSE: VZ), AT&T (NYSE: T), Sprint (NYSE: S) and T-Mobile may have just decided it's time to prepay for small-business...
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Afternoon Market Update (NBR, SWSI, BBY, BBBY, SHLD)
Tuesday, August 10, 2010 - 1:29pm | 271Energy stocks have erased their Monday’s mild gains and are in the red today. Shares of Nabors Industries Ltd (NYSE: NBR) have lost more than 6% after it agreed to purchase Superior Well Services Inc (NASDAQ: SWSI) for $22.12 per share. The NYSE Arca Oil (XOI) and the NYSE Arca Natural Gas (XNG)...
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Nabors Agrees to Buy Superior - Analyst Blog
Tuesday, August 10, 2010 - 1:07pm | 512Nabors Industries Ltd (NBR) – North America’s largest onshore oil and natural gas driller – has agreed to acquire oilfield services provider Superior Well Services Inc. (SWSI) for about $900 million. As per the deal, Superior Well shareholders would get $22.12 in cash for each share they hold,...
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Jefferies Downgrades Superior Well Services to Hold After Merger Agreement (SWSI)
Tuesday, August 10, 2010 - 8:20am | 123Nabors (NYSE: NBR) agreed to acquire Superior Well Services (NYSE: SWSI) for $22.12 in cash. This represented a 21% premium to Friday's close. Jefferies raised its estimates for SWSI. The analysts raised 2010-11 EPS estimates to SWSI to $0.48 and $1.30 from ($0.28) and $0.70, respectively. The...
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Earnings Scorecard: Helmerich & Payne - Analyst Blog
Monday, August 9, 2010 - 1:36pm | 623Late last month, contract drilling services provider, Helmerich & Payne Inc. (HP) announced its financial results for the third fiscal quarter of 2010 (three months ended June 30, 2010). Now that the Wall Street analysts have had some time to digest the quarterly performance of Helmerich...
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Benzinga’s Volume Movers (SWSI, GEOY, NANO, AMED)
Monday, August 9, 2010 - 1:27pm | 182Superior Well Services, Inc (NASDAQ: SWSI) shares gained 20.84% to $22.03 at 1:18 pm. The volume of SWSI shares traded was 8894% higher than normal. Bernstein Liebhard LLP has announced that it is investigating the acquisition of Superior Well Services Inc by Nabors Industries Ltd (NYSE: NBR)....
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BRNC Exploring Newbuild Additions
Monday, August 9, 2010 - 12:04pm | 188Analysts at Pritchard Equity Research reiterate their "neutral" rating on Bronco Drilling Company (NASDAQ: BRNC), while raising their estimates for the company. The target price for BRNC is set to $6. According to Pritchard Equity Research, “BRNC has concluded its well-servicing segment and heavy...
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Pritchard Capital Out With Some Color On Oil Sector (NBR, PVA, CRZO, TESO)
Monday, August 9, 2010 - 10:53am | 189Pritchard Capital is out with some color on various companies in the oil sector, including Nabors (NYSE: NBR), Penn Virginia (NYSE: PVA), Superior Well Services, Inc. (NASDAQ: SWSI) and Carrizo Oil & Gas, Inc. (NASDAQ: CRZO). In a note to clients Pritchard Capital writes, "SWSI ($18.23-S-$22),...
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Pritchard Capital Out With Some Color On Oil Sector (NBR, PVA, CRZO, TESO)
Monday, August 9, 2010 - 10:52am | 174Pritchard Capital is out with some color on various companies in the oil sector, including Nabors (NYSE: NBR), Penn Virginia (NYSE: PVA), Superior Well Services, Inc. (NASDAQ: SWSI) and Carrizo Oil & Gas, Inc. (NASDAQ: CRZO). In a note to clients Pritchard Capital writes, "SWSI ($18.23-S-$22),...
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Jefferies Lowers Price Target on Broncho Drilling (BRNC)
Monday, August 9, 2010 - 10:27am | 216Jefferies & Company is out with a research report this morning, where it reiterates its Hold rating on Broncho Drilling (NASDAQ: BRNC); it also lowered its price target to $4.50, from $5.00. The Jefferies analysts cited the company’s recent earnings report, which was slightly below estimates...