Oil & Gas Equipment & Services

Citigroup has initiated coverage on Lufkin Industries (NASDAQ: LUFK) with a Buy rating and $80 price target.

Shares of Open Text Corporation (NASDAQ: OTEX) fell about 3.2% after the company acquired Operitel Corporation, a company specializing in Learning Management Systems (LMS) and Enterprise Learning Portals. Shares of Lufkin Industries Inc (NASDAQ: LUFK) dropped about 1.4% after the company announced...

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 199 points to 11,009.00 and S&P 500 index futures fell 24.20 points to 1,145.10. Nasdaq 100 futures dropped 35.75 points to 2,129.00. A Peek Into Global Markets European markets were...

Lufkin Industries Inc (NASDAQ: LUFK) announced its plans to buy privately held Canadian firm Quinn's Oilfield Supply Ltd for around $303 million. The deal is expected to close before year's end. LUFK shares fell 5.46% to close at $58.83 on Friday.

Lufkin Industries, Inc. (NASDAQ: LUFK) announced earlier today that it has signed an Asset Purchase Agreement to acquire substantially all of the assets of Quinn's Oilfield Supply Ltd., including certain affiliates, for approximately $303 million in cash subject to certain adjustments. Quinn's,...

Everyday, traders around the world royally screw up. When this happens, the trader himself is typically the only person truly affected by the loss. In these volatile markets, individual traders are not the only ones in trouble; entire institutions like private equity firms and hedge funds are...

North American Energy Partners (NYSE: NOA) today announced it has been awarded a $127 million heavy civil construction contract with Fluor Canada Limited at Syncrude Canada Ltd's (Syncrude) Base Mine and provided an update on the progress of discussions with Canadian Natural Resources Limited (...

Joy Global Inc (NASDAQ: JOYG) reported a 46% surge in its fiscal third-quarter profit and raised its forecast for the year. Joy Global's quarterly profit climbed to $173.1 million, or $1.62 per share, from $118.5 million, or $1.13 per share, in the year-ago period. Its sales surged 34% to $1.14...

CNBC Fast Money's Tim Seymour said on the show that he would sell iShares MSCI Emerging Markets Index (ETF) (NYSE: EEM) tomorrow. iShares MSCI Emerging Markets Index (ETF) (EEM) gained 0.14% in the regular trading session, and it fell 1.05% in the after hours. Guy Adami is a buyer of Halliburton...

GulfMark Offshore (NYSE: GLF) today announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one...

Frontline (NYSE: FRO) +15.20% on heavy volume. QuinStreet (NASDAQ: QNST) +8.56% on heavy volume. Monster Worldwide (NYSE: MWW) +7.97% after the insider disclosed purchasing shares in the company. JDS Uniphase Corporation (NASDAQ: JDSU) +5.95% - hearing RBC Capital Markets raised the company's PT...

PHI Inc (NASDAQ: PHII) shares jumped 17.94% to create a new 52-week high of $26.36. PHI's trailing-twelve-month revenue is $511.35 million. Monro Muffler Brake Inc (NASDAQ: MNRO) shares gained 2.41% to touch a new 52-week high of $40.35. MNRO shares have surged 47.34% over the past 52 weeks, while...

CoreLogic Inc (NYSE: CLGX) shares advanced 21.73% to $10.70 at 9:45 am. CLGX is considering selling itself. Barnes & Noble Inc (NYSE: BKS) climbed 18.90% to $13.59. BKS reported a narrower fiscal first-quarter loss. PHI Inc (NASDAQ: PHII) shares surged 17.94% to $26.36. PHI's trailing-twelve-...

Dresser-Rand Group Inc. (NYSE: DRC) +11.65% - hearing that the company was upgraded to Add by a mid-tier analyst firm. LyondellBasell Industries (Public, NYSE: LYB) +6.00% on heavy volume. DryShips Inc. (Public, NASDAQ: DRYS) +6.23% after announcing an exchange offer of shares of Ocean Rig....

Tenaris S.A. (NYSE: TS) announced today that it filed a request with CVM and the Sao Paulo stock exchange seeking their approval to a public delisting tender offer to acquire all of the ordinary and preferred shares held by the public in its controlled Brazilian subsidiary Confab Industrial S.A....