Oil & Gas Equipment & Services

Lufkin Industries (NASDAQ: LUFK) is trading lower on the session following its Q1 earnings announcement and 2012 guidance. The company reported an EPS of $0.56 vs $0.59 estimates and revenues $279.5 million vs $276.13 million estimates. Lufkin Industries guided 2012 EPS $3.75-4.05 vs $4.04...

Lufkin Industries Inc (NASDAQ: LUFK) posted a weaker-than-expected first-quarter profit and issued a weak second-quarter profit forecast. Lufkin projects Q2 earnings of $0.80 to $0.90 per share on revenue of $300 million. However, analysts were projecting earnings of $0.95 per share on revenue of...

Tyson Foods Inc (NYSE: TSN) is expected to post its Q2 earnings at $0.39 per share on revenue of $8.47 billion. Sysco Corp (NYSE: SYY) is projected to post its Q3 earnings at $0.43 per share on sales of $10.45 billion. The Andersons Inc (NASDAQ: ANDE) is estimated to post its Q1 EPS at $0.86 on...

Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that it has priced its public offering of 2,500,000 shares of common stock at $79.25 per share. The Company expects the offering to close on March 6, 2012. The underwriters have been granted a 30-day option to purchase from the Company up to...

Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that it has commenced an underwritten public offering of 2,500,000 shares of common stock pursuant to an effective shelf registration statement.  The Company expects to grant the underwriters a 30-day option to purchase up to an additional 375,...

Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that its subsidiary, Lufkin Industries Holdings UK Limited, has agreed to acquire Zenith Oilfield Technology Ltd. Zenith, based in Aberdeen, Scotland, is an international provider of innovative technology and products for the monitoring and...

Lufkin Industries Inc (NASDAQ: LUFK) posted better-than-expected fourth-quarter results, but issued downbeat first quarter profit forecast. Lufkin Industries projects Q1 earnings of $0.50 to $0.60 per share, on revenue of $270 million to $280 million. However, analysts were expecting earnings of $...

Lufkin Industries, Inc. (NASDAQ: LUFK) announced today that it has completed the acquisition of Datac Instrumentation Limited and RealFlex Technologies Limited pursuant to an agreement of December 6, 2011. Datac, based in Dublin, Ireland, is a solutions company serving the oil and gas, power,...

A report from Citi reiterates its Buy rating and $65 price target on Lufkin Industries (NASDAQ: LUFK). The report states, “We hosted a dinner in New York on Nov. 28 for the CEO and CFO of Lufkin Industries, affording an opportunity to look into the year ahead in terms of operational challenges and...

These days, it seems everywhere investors turn, there's an excuse not to be involved with oil ETFs. That goes for the equity-based ones, too. Whether it's because of China, Europe or the U.S., there have been ample reasons to be skittish about oil stocks and ETFs in recent weeks. The other side of...

Global Hunter Securities has initiated coverage on Lufkin Industries (NASDAQ: LUFK) with a Buy rating and $68 price target.

Rubicon Minerals Corp. (NYSE: RBY) +16.77% following yesterday's rally. DineEquity (NYSE: DIN) +8.95% on heavy volume. AMR Corporation (NYSE: AMR) +9.62% after Barron's article says bankruptcy fears overdone. Acme Packet (NASDAQ: APKT) -18.02% after lowering guidance yesterday. General Dynamics...

Lufkin Industries, Inc. (NASDAQ: LUFK) today announced preliminary unaudited financial results for the third quarter of 2011. Based on preliminary financial data, the company expects to report revenue in the range of $225 million and $235 million for the third quarter of 2011, compared to previous...

Lufkin Industries (NASDAQ: LUFK) today announced that it has reached a new labor agreement with the three unions representing the hourly work force at its Lufkin, Texas manufacturing facilities. The new three-year agreement expires in October 2014. John F. "Jay" Glick, President and Chief...

According to Citi, Lufkin Industries (NASDAQ: LUFK) coverage is initiated with a Buy rating. Citi said that it has initiated coverage of Lufkin Industries, Inc. with a Buy/High-Risk (1H) rating and an $80 price target. “Demand for artificial lift technologies supplied by Lufkin has lagged growth...