Oil & Gas Equipment & Services

IHS Inc. (NYSE: IHS) today announced it has signed a definitive agreement to acquire Seismic Micro-Technology . The $500 million cash transaction is subject to customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust...

Cusick's Corner This is frustrating, choppy action in the markets today and when they start acting like this you really want to keep your focus and patience on positioning. Gold traders, GLD, are the most frustrated, this market looks like it should just turn over but just has not turned south,...

According to Pritchard, National Oilwell Varco (NYSE: NOV) Buy rating is reiterated. Pritchard said that it believes the higher volumes of business going on the books now will flow through the income statement at higher margins – in 2012 – than itprojected previously. "NOV reported eps of $1.14,...

Societe Generale is out with its report today on FMC Technologies (NYSE: FTI), maintaining Hold. In a note to clients, Societe Generale writes, "FTI and other subsea peers have had a long history of exceeding EPS expectations and ratcheting up guidance. However, with products booked at a lower...

Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....

National Oilwell Varco Inc (NYSE: NOV) released its results for the fiscal second quarter on Tuesday. NOV's quarterly earnings rose to $481 million, or $1.13 per share, from $401 million, or $0.96 per share, in the year-earlier period. Its total revenue gained 19% y/y to $3.51 billion. On...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest):...

Dahlman Rose provided color on FMC Technologies (NYSE: FTI). In a research report published today, the rating agency commented on the company's Q2 earnings. In the report, Dahlman Rose states, “FMC Technologies reported 2Q11 EPS of $0.39 per share, below our estimate of $0.41 and above consensus...

Basic Energy Services, Inc. (NYSE: BAS) today announced the commencement of a secondary public offering of 9,000,000 shares of common stock owned by DLJ Merchant Banking Partners III, L.P. and affiliated funds. The underwriters are expected to be granted a 30-day option to purchase up to 1,350,...

Cusick's Corner The sellers were out this morning and while the selling has tapered off, it still cannot be overlooked. Longs are looking like they are getting nervous, potentially taking some profits as the Debt debate continues and the Chinese are signaling some mixed data. Market players on the...

Dahlman Rose initiated coverage of Tesco (NASDAQ: TESO) last week, giving Tesco a Buy rating and $26 price target, in a research report published today. In the report, Dahlman Rose states, "We believe the company's core top drive franchise should show strong cyclical growth. Proprietary casing...

Cameron International (NYSE: CAM) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Cameron International's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 64 cents per share and revenues of $1.65...

Deutsche Bank has published a report on Complete Production Svc (NYSE: CPX) raising estimates and the price target from $41.00 to $45.00. In the report, Deutsche Bank wrote, "CPX reported Q2 EPS of $0.69 vs. $0.20, which was well-ahead of DB's forecast of $0.63 and Street $0.64. Both top-line and...

Baker Hughes Inc (NYSE: BHI) reported a strong rise in its second-quarter net profit. Baker Hughes reported its quarterly net profit at $338 million, or $0.77 per share, up from $93 million, or $0.23 per share, in the year-ago period. Excluding items, the company's earnings came in at $0.93 per...

Citi reiterated its Buy rating on Schlumberger (NYSE: SLB). At the same time, the rating agency raised its price target on the company's stock from $115 to $125. On Friday, SLB closed the day at $93.81. Its shares lost 1.18% of their value in today's pre-market trading to stand around $92.70.