Oil & Gas Equipment & Services

Bank of America Merrill Lynch is reiterating its Buy rating and $86 price target on shares of Dril-Quip, Inc. (NYSE: DRQ). In a note to clients, Bank of America Merrill Lynch writes, "We continue to forecast ongoing facilities expansions to increase quarterly earnings power from ~$0.70 per share...

iShares MSCI Italy Index (ETF) (NYSE: EWI) dropped 3.25% on Wednesday as Enersis S.A. (ADR) (NYSE: ENI) lost 1.29% and Tenaris S.A. (ADR) (NYSE: TS) fell 1.28%. ProShares UltraShort Silver (ETF) (NYSE: ZSL) traded lower today, along with silver. ZSL fell 2.78%, and closed at $17.51. United...

Bank of America has raised the price objective on National Oilwell Varco (NYSE: NOV) from $89 to $91 and maintains its Buy rating.

Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures on the Dow Jones Industrial Average dipped 40 points to 12,493.00 and futures on the S&P 500 stock index fell 6 points to 1,330.70. Nasdaq 100 futures dropped 6.25 points to 2,365.75. A...

ENGlobal (Nasdaq: ENG) announced today that it has been awarded an engineering, procurement, and construction services agreement from Georgia-Pacific Chemicals LLC, a leading chemical manufacturer. The work will be specific to the GP Chemicals Lufkin, Texas processing facility. The contract...

FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea workover adapters. The award has a value of approximately $43 million in revenue to FMC Technologies. FMC's scope of supply includes eight workover adapters for...

Dahlman Rose provided color on National Oilwell Varco (NYSE: NOV) in a research report published today. Dahlman Rose has previously given National Oilwell Varco a Buy rating and $100 price target. In the report, Dahlman Rose states, "National Oilwell Varco has agreed to acquire Ameron...

Shares of Ameron International Corp (NYSE: AMN) gained about 27% after National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share...

J.P. Morgan is out with its report today on FMC Technologies (NYSE: FTI), maintaining Neutral. In a note to clients, J.P. Morgan writes, "FMC Technologies is effectively a pure-play in subsea capital equipment, with a particular emphasis on higher-end technology in the larger and more complicated...

Immucor Inc (NASDAQ: BLUD) climbed 30.44% to $27.04 at 9:50 am. BLUD agreed to be bought by TPG Capital in a deal worth $1.97 billion or $27 per share in cash. Ameron International Corp (NYSE: AMN) shares gained 27.87% to $84.74. National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $...

National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron International Corp (NYSE: AMN) in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share on Friday. Read more here.

J.P. Morgan is out with its report today on Weatherford International (NYSE: WFT), maintaining Neutral. In a note to clients, J.P. Morgan writes, "Overall, we are concerned international upstream spending may take longer to materialize; meanwhile, its larger competitors have emerged from the...

National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron International Corp (NYSE: AMN) in a deal valued at $772 million. The purchase price values AMN at 28% premium over its closing price of $66.27 per share on Friday. James S. Marlen, Chairman...

Shares of Ameron International Corporation (NYSE: AMN) are surging this morning, gaining more than 27% after the company agreed to a merger with National Oilwell Varco (NYSE: NOV) for $85 per share in cash. James S. Marlen, Chairman, President and Chief Executive Officer of Ameron International...

National Oilwell Varco, Inc. (NYSE: NOV) and Ameron International Corporation, (NYSE: AMN) have entered into an agreement under which NOV will acquire Ameron in an all cash transaction that values Ameron at approximately $772 million. Under the agreement, Ameron's stockholders would receive $85.00...