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Pritchard Equity Research Reiterates Buy On Nabors (NBR)
Wednesday, July 28, 2010 - 1:02pm | 163Pritchard Equity Research is reiterating its Buy rating and its $24 price target on shares of Nabors Industries (NYSE: NBR) after the company reported its earnings yesterday. In the report, Pritchard Equity writes, "A continued ramp in domestic oil and liquids activity paired with a turn in NBR's...
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Nabors Industries’ EPS Miss; Revenues Beat Estimates (NBR)
Tuesday, July 27, 2010 - 4:35pm | 173Nabors Industries Ltd. (NYSE: NBR) reports Q2 earnings of $0.15 versus estimates of $0.18. Nabors Industries Ltd. reports Q2 revenues of $905.1 million versus estimates of $875.92 million. Revenues rose 4.3% year over year. Gene Isenberg, Nabors' Chairman and CEO, commented, "I believe the second...
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Calls Purchased on Nabors Industries Ltd (NBR)
Tuesday, July 27, 2010 - 11:47am | 129Shares of Nabors Industries Ltd (NYSE: NBR) are lower on the session by 1.52%, currently trading at $18.51. The stock has been moving largely lower over the past six months and is currently in a technical downtrend. Options traders are buying calls on the name today, betting that a rally may be in...
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Calls Purchased on Pioneer Drilling (PDC)
Tuesday, July 27, 2010 - 10:56am | 127Shares of Pioneer Drilling Co. (AMEX: PDC) are lower on the session by 1.36%, currently trading at $6.54. The stock has been moving largely lower over the past six months, though has regained the 50-day moving average as of late. Options traders are buying calls on the name today, betting that the...
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Stock Market News for July 27, 2010 - Market News
Tuesday, July 27, 2010 - 9:49am | 569The stock market rally continues. This time it was FedEx’s turn to fuel hopes that the economic recovery is gaining strength. Then, strong earnings reports and improved new home sales did their bit to take the Dow into positive territory for the year and the S&P 500 above a key technical level...
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Vantage Drilling Company Announces an Unsolicited Proposal
Monday, July 26, 2010 - 5:04pm | 115Vantage Drilling Company (NYSE: VTG) today received an unsolicited proposal to acquire all the outstanding shares of the Company at a premium to the current market price. The proposal was subject to due diligence and requested an exclusivity period. In addition, the proposal was conditioned on the...
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Diamond Offshore Gets Earnings Downgrade: Barron’s
Monday, July 26, 2010 - 1:36pm | 148Diamond Offshore Drilling (NYSE: DO) management recently slashed its special dividend. The dividend has been reduced from $1.375 to 75 cents for the quarter. According to Barron’s equity research firm Sterne Agee & Leach has pared down its earnings estimates for the company. Diamond offshore (...
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ENSCO Making Progress In The Gulf Of Mexico, Dahlman Reiterates Buy Rating & Price (ESV)
Friday, July 23, 2010 - 11:52am | 200Dahlman Rose is out with a research report this morning on shares of ENSCO International Inc. (NYSE: ESV) and reiterates its Buy rating and $52 price target on the shares. In the report, Dahlman highlights, "ENSCO disclosed the operator for one of its UDW rigs in the GoM has been re-issued a...
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Drillers Are No Longer Trading Together
Friday, July 23, 2010 - 11:16am | 420The leading energy drilling stocks have faced major headwinds since the BP plc (NYSE: BP) oil leak in the Gulf of Mexico. It seems that most of the companies in the drilling sector have bounced since early June. However, since that period these stocks are now trading in their own world and no...
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Calls Purchased on Nabors Industries ltd (NBR)
Thursday, July 22, 2010 - 12:29pm | 139Shares of Nabors Industries ltd (NYSE: NBR) are higher on the session by 2.71%, currently trading at $18.16. The stock has been moving largely lower over the past six months and is currently in a technical downtrend. Options traders are buying calls on the name today, betting that the stock can...
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Vantage Drilling Company: SELL
Thursday, July 22, 2010 - 11:39am | 64Vantage Drilling Company (AMEX: VTG) has started issuing equity after telling investors it would not, and this is expected to continue as long as the company is a stand alone equity, according to Pritchard Capital Partners. As a result, Pritchard reiterates its "sell" rating, and values the price...
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Diamond Offshore Declares Special Cash Dividend (DO)
Thursday, July 22, 2010 - 7:54am | 118Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 1, 2010 to shareholders of...
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Royale Makes New Gas Discoveries
Thursday, July 22, 2010 - 7:51am | 145Royale Energy (Nasdaq: ROYL) today announced that it has successfully drilled the North East Parks #1. The discovery of gas in the two most recent wells brings the year-to-date drilling to six, compared to five in all of 2009. The North East Parks #1 in the LoneStar field, and the Victor Ranch 3-9...
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Mid-Cap Stocks Set for Second-Half Surge
Thursday, July 22, 2010 - 7:38am | 143MILWAUKEE (TheStreet) -- Medium-sized companies such as Mattel (NYSE: MAT), Noble Corp. (NYSE: NE), Western Union (NYSE: WU) and Limited Brands (NYSE: LTD) will be second-half stars if the economy continues to grow, says Matt Fahey, manager of the Marshall Mid-Cap Value Fund (MVEAX). The $236...
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Diamond Offshore’s Q2 Results Fall Short Of Consensus
Thursday, July 22, 2010 - 7:33am | 237Diamond Offshore Drilling, Inc (NYSE: DO) reports its net income for the second quarter at $224.4 million, or $1.61 per share on a diluted basis, as compared to $387.4 million, or $2.79 per share, in the same quarter a year ago. DO’s revenues for the quarter were $822.6 million, as compared to $946...