Oil & Gas Equipment & Services

The oil services stocks have simply been on fire as of late. The popular and highly traded Oil Services Holders Trust (NYSE: OIH) has rallied higher by $20.00 since June 27, 2011. That is a 15.0 percent increase in less than one month. Many of the leading oil services stocks have had even better...

Shares of ION Geophysical (NYSE: IO) are moving higher this morning; currently, shares are higher by 3.48%, trading at $10.69. More importantly, shares have burst through the $10.41 and $10.57 resistance levels. ION Geophysical now has the ability to shoot for a gap fill up to $12.75. Momentum is...

Pritchard Capital is out with a research report on Basic Energy Services, Inc (NYSE: BAS) after it reported earnings. It has a Buy rating and a $45 price target on shares. In a note to clients, Pritchard Capital writes, "Our focus on BAS's 2Q results is on the operating divisions. Well Servicing...

Pre-open movers US stock futures are higher this morning. The Eurozone leaders agreed on the form of the second Greek bailout. Futures on the Dow Jones Industrial Average surged 41 points to 12,731.00 and futures on the S&P 500 stock index rose 2.30 points to 1,344.80. Nasdaq 100 futures gained...

Schlumberger Ltd (NYSE: SLB) reported a 64% rise in its second-quarter net income. Schlumberger's quarterly profit surged to $1.34 billion, or $0.98 per share, from $818 million, or $0.68 per share, in the year-ago period. Schlumberger's earnings from continuing operations came in at $0.87 per...

General Electric Co (NYSE: GE) is expected to report its Q2 EPS at $0.32 on revenue of $34.72 billion. Schlumberger NV (NYSE: SLB) is projected to report its Q2 EPS at $0.85 on revenue of $9.17 billion. Verizon Communications Inc (NYSE: VZ) is estimated to report its Q2 EPS at $0.55 on revenue of...

Dahlman Rose provided color on Basic Energy Services (NYSE: BAS). In a research report published today, the rating agency stressed it is not too worried about the company's below consensus Q2 results. In the report, Dahlman Rose states, “Basic Energy Services reported 2Q11 operating EPS of $0.45,...

National Oilwell Varco (NYSE: NOV) unveils its next round of earnings this Tuesday, July 26, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's second quarter earnings announcement. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading...

The Bakken Shale is one of the energy sector's hottest buzzwords these days and with good reason. Most U.S. shale plays are rich in natural gas, but not so much in oil. The north side of the Eagleford Shale in South Texas, which we proffered up some ETF plays on several weeks ago, is certainly oily...

Shares of FMC Technologies (NYSE: FTI) are higher on the session by 1.68%, currently trading at $45.32. The stock has been moving largely higher over the past five weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago...

Schlumberger Limited (NYSE: SLB) announced today that Andrew Gould, Chairman and Chief Executive Officer of Schlumberger Limited will retire as Chief Executive Officer effective August 1st 2011. Mr. Gould will continue to serve as Chairman of the Board until the annual general meeting of the...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...

Dahlman Rose initiated CARBO Ceramics (NYSE: CRR) coverage with a Buy rating and $215 price target in a research report published today. In the report, Dahlman Rose states, "We are initiating coverage with a Buy rating and $215 target. The fundamental change in North American well completion...

Weatherford International Ltd. (NYSE: WFT) announced today that John H. Briscoe has agreed to join the company as Vice President –Chief Accounting Officer.  Mr. Briscoe will report to the company's Chief Financial Officer.

Dahlman Rose initiated RPC (NYSE: RES) coverage with a Hold rating in a research report published today. In the report, Dahlman Rose states, "We are initiating coverage of RES with a Hold rating. We believe the concerns of pressure pumping capacity additions offset growing demand from increased...