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Helmerich & Payne (HP) To Be Added To S&P 500 Index
Monday, February 22, 2010 - 7:25pm | 74Standard & Poor's announced on Monday that Helmerich & Payne, Inc. (NYSE: HP) would replace IMS Health, Inc. (NYSE: RX) in the S&P 500 index. Standard & Poor's is making the move because IMS Health is being purchased by affiliates of TPG Capital LP and the Canada Pension Plan...
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Benzinga's Volume Movers (GPRE, CAGC, SLB)
Monday, February 22, 2010 - 12:38pm | 244Unusual volume is a great opportunity to watch the true economics of investing as supply and demand change stock prices. The following stocks give a great list of what is moving in the market and why. Stocks rising on unusual volume: - Green Plains Renewable Energy (NASDAQ: GPRE) up 17.11%,...
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Oil Services ETF Could Rebalance On Smith Takeover
Monday, February 22, 2010 - 2:57am | 192The Oil Services HOLDRs ETF (AMEX: OIH), the ETF that is home to many of the largest oil services stocks, may see some changes as Schlumberger (NYSE: SLB) acquires Smith International (NYSE: SII). Schlumberger, the world's largest provicer of oilfield services, announced plans to acquire Texas-...
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Benzinga's Market Movers
Wednesday, February 17, 2010 - 3:36pm | 218Market movers are a good indicator of what the overall market is reacting to during the day. It is a good way to see what is hot and what is not. By looking at these stocks you can get a feel for what the big news is each day. What is hot? - Whole Foods Market (NASDAQ: WFMI) 11.93% gain on upgrade...
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Nabors Industries (NBR) Lower 4th Quarter Loss
Tuesday, February 16, 2010 - 6:19pm | 111Nabors Industries Ltd. (NYSE: NBR) reported on Tuesday that it had lowered its 4th quarter loss from the same period last year. The oil drilling company reported a loss of $47.3 million, or 17 cents per share, which was lower than last years $106.7 million, or 38 cents per share, loss. Adjusted...
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Cramer Likes Transocean And Schlumberger (RIG, SLB)
Tuesday, February 16, 2010 - 3:47pm | 116On CNBC's Stop Trading segment today, Jim Cramer said that he likes both Transocean (NYSE: RIG) and Schlumberger (NYSE: SLB), which are part of the oil services sector. He said that both stocks are "cheap," and that drilling is going on everywhere right now. He said that Transocean (RIG) has more...
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Benzinga’s Top Downgrades (DO, RIG, BLT, TOT, COP)
Tuesday, February 16, 2010 - 3:40pm | 221Diamond Offshore Drilling Inc (NYSE: DO) was downgraded by Dahlman Rose from “buy” to “hold.” DO has a PEG ratio of 0.43. The company’s 52-week trading range is $48.61-$104.74. Dahlman Rose downgraded Transocean Ltd (NYSE: RIG) from “buy” to “hold.” RIG’s shares had lost 0.88% to $82.65 by 12:32 a...
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Calls Sold in Transocean
Tuesday, February 16, 2010 - 11:00am | 124International provider of offshore contract drilling services for oil and gas, Transocean (NYSE: RIG) is seeing some bearish/neutral call selling this morning. The February $85 calls were just sold near the bid 4,000 times for a credit of $1.67. If these were further out contracts, the tone would...
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HP’ Earnings Preview: Expect Strong Numbers (HPQ)
Tuesday, February 16, 2010 - 8:56am | 109HP (NYSE: HPQ), the world’s largest tech company by sales, is scheduled to report its quarterly earnings later this week. The company is expected to report Q1 profits to the tune of $1.06. According to Reuters, HP (HP) is also likely to record the revenue growth of 4 percent to $30 billion. HP’s...
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Atwood Oceanics, Inc. (ATW) Maintains An Outperform Rating
Friday, February 12, 2010 - 6:10pm | 123Analyst G. Scott Burk at Oppenheimer (NYSE: OPY) has maintained an Outperform rating for Atwood Oceanics, Inc. (NYSE: ATW). The company has reported that the Atwood Falcon would incur 2-5 weeks of downtime as a result of equipment repair issues. The company currently earns $425,000 per day from...
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Benzinga’s Top Upgrades (PTEN, QSII, EWBC, ENER, SNI, CVG, CME, CVC)
Thursday, February 11, 2010 - 2:47pm | 335Analysts at Capital One Southcoast upgraded Patterson-UTI Energy (NASDAQ: PTEN) to “add” from “neutral.” PTEN has soared 66.53% in the past 52 weeks, as compared to a 28.11% rise in the S&P500. Quality Systems (NASDAQ: QSII) was upgraded by Leerink from “market perform” to “outperform.” QSII...
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Patterson-UTI Energy, Inc. (PTEN) Maintains A Sector Perform Rating
Tuesday, February 9, 2010 - 5:55pm | 85Analysts at RBC Capital Markets have maintained a Sector Perform rating for Patterson-UTI Energy, Inc. (NASDAQ: PTEN). The price target has been set at $21 for the Patterson-UTI Energy, Inc. stock. Analysts at RBC Capital Markets have raised the estimates for the company. Analysts have raised the...
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Noble Corp (NE) To Double Return To Investors
Tuesday, February 9, 2010 - 12:13pm | 134The board of Noble Corp. (NYSE: NE) has approved a return of capital to investors at twice the previous level, according to Reuters. This is in line with other players in the oilfields services business who wish to return anticipated cash flow to shareholders, now that the industry has stabilized...
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Earnings Roundup (AVP, DO, CINF)
Thursday, February 4, 2010 - 9:11am | 236Avon Products, Inc. (NYSE: AVP) reported today a fourth-quarter net income of $269.4 million, or $0.62 per share, as compared to $232.4 million, or $0.54 per share in the year-ago period. Revenue increased 13% to $3.15 billion for the quarter. Analysts expected Avon Products to report earnings of $...
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Diamond Offshore Earnings Preview (DO)
Wednesday, February 3, 2010 - 9:42pm | 112Diamond Offshore Drilling (NYSE: DO) will be reporting their earnings numbers tomorrow morning before the opening bell. Wall Street is estimating that the company will report EPS of $2.32 versus $2.11 in the year ago period. In today's trading, DO traded 0.60% lower to close at $95.78. According...