Oil & Gas Equipment & Services

J.P. Morgan is out with its report today on Baker Hughes (NYSE: BHI), maintaining Overweight. In a note to clients, J.P. Morgan writes, "Baker Hughes has come a long way, but the proof of the turnaround likely won't come until the international markets recover. Last cycle, BHI struggled to keep...

J.P. Morgan is out with its report today on Halliburton (NYSE: HAL), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We continue to rate Halliburton Overweight with a $65 Dec-11 price target based on a target multiple of 15x our 2012E EPS estimate, in line with the group target...

Pritchard Capital provided color on the oil sector. In a research report published today, Pritchard states, “The Oil Service Index (OSX-269.67) advanced 8.4% last week to outperform the S&P 500 (1,339.67) by 280 basis points. Oil service shares, at least within our coverage universe, largely...

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 Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that LinkedIn (NYSE: LNKD) has “moved up too much. I don't trust it here." For International Paper (NYSE: IP), Jim said, "You're going to have a home run there over the next 18 months." He likes ManTech International (NASDAQ: MANT...

PowerShares DB Agriculture Double Short ETN (NYSE: AGA) traded 9.09% higher today on a bearish USDA report for corn and wheat. AGA closed at $19.69, and had a volume of 56K traded shares. Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) jumped 7.23%, and closed at $45.80. In the...

Shares of ION Geophysical Corporation (NYSE: IO) are lower on the session by 0.85%, trading at $9.34. Overall call volume is now running at 5.19x the daily average, with 54% of all calls traded being purchases on the offer. 3,464 contracts have traded on the session so far. ION Geophysical...

J.P. Morgan is out with its report today on Complete Production Services (NYSE: CPX), initiating CPX at Overweight. In a note to clients, J.P. Morgan writes, "We are initiating with an OW rating on Complete Production Services, a mid-cap oilfield services provider that is heavily levered to the...

ENGlobal (Nasdaq: ENG) announced today that Mr. John R. Beall has been appointed interim Chief Financial Officer of the Company effective June 29, 2011. Mr. Beall's appointment follows the previously announced resignation of Robert W. Raiford as Chief Financial Officer. Mr. Beall, 48, brings more...

JP Morgan has initiated coverage on Complete Production Services (NYSE: CPX) with an Overweight rating and $42 price target.

Shares of Superior Energy Services, Inc. (NYSE: SPN) are higher on the session by 2.88%, trading at $37.21. Overall call volume is now running at 3.92x the daily average, with 69% of all calls traded being purchases on the offer. 1,480 contracts have traded on the session so far. Superior Energy...

Shares of oil services company Halliburton (NYSE: HAL) have continued to rise after a big day yesterday and are now up 4% on the session to $50.64. The stock gained nearly 6% on Tuesday. Over the last 3 months, the shares have gained 3.63%. HAL trades at a trailing P/E of 21.48, a forward P/E of 12...

Shares of oil services company Halliburton (NYSE: HAL) have continued to rise after a big day yesterday and are now up 4% on the session to $50.64. The stock gained nearly 6% on Tuesday. Over the last 3 months, the shares have gained 3.63%. HAL trades at a trailing P/E of 21.48, a forward P/E of 12...

Schlumberger (NYSE: SLB) announced today the acquisition of the remaining equity shares from Frank Mohn AS in Framo Engineering AS. The closing of the transaction is subject to regulatory approval.

Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) traded 8.17% lower on Tuesday, and in the energy space, Halliburton Company (NYSE: HAL) gained 5.32%. VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) dropped 7.98% in the regular trading session, and it lost additional 1.49% in the...