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Tenaris’ (TS) Price Target lowered
Friday, February 26, 2010 - 9:19pm | 83Analyst Stephen Gengaro at Jefferies & Company, Inc. has lowered the price target for Tenaris (ADR) (NYSE: TS) from $53 to $50. According to Jefferies, the company is well positioned to capitalize on the rising OCT demand over the next several years. Jefferies believes that the improving...
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GulfMark Offshore, Inc.’s (GLF) Price Target Lowered
Friday, February 26, 2010 - 8:38pm | 81Jefferies & Company, Inc. has lowered the price target for GulfMark Offshore, Inc. (NYSE: GLF) from $29 to $26. According to Jefferies, although offshore drilling activity levels are beginning to pick up in two of the company’s core markets, the dayrate environment remains uncertain for the...
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T-3 Energy’s Fourth Quarter Results Exceed Expectations (TTES)
Thursday, February 25, 2010 - 11:38am | 116T-3 Energy Services, Inc. (NASDAQ: TTES), the oil field products and services provider, reported fourth-quarter EPS of 26 cents excluding items, exceeding the consensus estimate of 24 cents. The company had posted loss of 69 cents per share for the same quarter, a year earlier. The better-than-...
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TS Downgraded On Weak Q4 Results
Thursday, February 25, 2010 - 10:05am | 65Analysts at Goldman Sachs downgrade Tenaris SA (NYSE: TS) from "conviction buy" to "neutral." The target price for TS has been reduced from $57 to $51. According to Goldman Sachs, the downgrade in the rating follows the disappointing Q4 results. TS’s shares gained 0.66% to reach $45.88 yesterday....
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Monday's Hot Stocks: Brush Up your Portfolio with Sirona Dental
Tuesday, February 23, 2010 - 9:52am | 1837With the major indices trading lower across the board Monday, there were quite a few stocks which traded higher with above average volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report...
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Key Energy Services, Inc. (KEG) Upgraded To Buy
Monday, February 22, 2010 - 8:01pm | 120Analysts Andre Coleman and David Deckelbaum at UBS (NYSE: UBS) have upgraded Key Energy Services, Inc. (NYSE: KEG) from a Neutral to a Buy rating. The price target for the company has been raised from $9.50 to $12.50. The company is expecting a 20%-30% growth in revenue due to additions made in...
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Benzinga's Top ETF Decliners (ERX, FCG, FAZ, DIG)
Monday, February 22, 2010 - 5:45pm | 254Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) fell 4.01% as energy stocks struggled today. ERX had a volume of 3.05M traded shares. First Trust ISE Revere Natural Gas (ETF) (NYSE: FCG) lost 3.11% in today's trading session. FCG's top holdings include Delta Petroleum Corp. (NASDAQ: DPTR),...
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Benzinga's Top ETF Gainers (ERY, FAS, DUG, UYG)
Monday, February 22, 2010 - 5:31pm | 236Financial and oil ETFs led the gainers among the ETFs today. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 4.15% on the weakness of Chevron Corporation (NYSE: CVX) and Schlumberger Limited (NYSE: SLB). Chevron (CVX) fell 1.47% and Schlumberger (SLB) dropped 3.65%. Direxion Daily...
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Market Roundup (APC, SII, SLB, FPL, DUK, EXC, CEG, PBS, HES, MEE)
Monday, February 22, 2010 - 3:05pm | 392According to a survey conducted by Bloomberg, Chinese demand and the cold US winter could send coal prices substantially higher. The price of coal is already up more than 20% from last year's lows. “If you look at the pricing increases we’re seeing now in regard to future sales, they have not only...
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U.S. Equity Movers & Shakers: (HS, HUM, UNH, ENDP, AIG)
Monday, February 22, 2010 - 2:55pm | 512Bloomberg reported that the following companies’ stocks showed unusual movement in early morning trading today. Prices are as of 11 a.m., New York time. Humana, Inc. (NYSE: HUM) gained 3.6% to $46.97. Healthspring, Inc. (NYSE: HS) rose 3.7% to $18.66. UnitedHealth Group Inc. (NYSE: UNH) climbed...
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Schlumberger (SLB) Announces Acquisition Of Smith (SII) In A $11 Billion Deal
Monday, February 22, 2010 - 2:44pm | 289Schlumberger (NYSE: SLB) announced acquisition plans for Smith International, Inc. (NYSE: SII) worth $11 billion in an all-stock deal, as reported by the Wall Street Journal. It is the biggest deal to be announced till now, this year, in the U.S. It will also strengthen Schlumberger’s position as...
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The Real Reason To Look At Schlumberger (NYSE:SLB), (NYSE:SII)
Monday, February 22, 2010 - 1:54pm | 225As we all know Schlumberger Ltd (NYSE: SLB) offered to buy out Smith International Inc (NYSE: SII) today. Obviously, the company that is doing the purchasing usually declines when the acquisition is announced. Today Schlumberger Ltd is trading lower by more than 3.00 points and Smith International...
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Deutsche Bank Believes SII’s Acquisition Will Put Pressure On HAL, WFT
Monday, February 22, 2010 - 1:22pm | 139According to Deutsche Bank, Smith International (NYSE: SII) is unlikely to receive a higher offer than what is being offered by Schlumberger (NYSE: SLB). SLB’s $11 billion takeover offer already includes a "healthy premium" for SII. Deutsche Bank believes that SII’s acquisition will put pressure on...
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Smith International Inc. (SII) Soars On Expensive Buyout By Schlumberger Ltd (SLB)
Monday, February 22, 2010 - 1:01pm | 136Smith International Inc. (NYSE: SII), a provider of products and services for oilfield related business, gained 6.6% in morning trading to $40.22 with high volumes. Smith International Inc. (SII) earlier started with a wide gap-up opening after its approval for buyout by a major rival in the same...
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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%,...