Oil & Gas Equipment & Services

Weatherford International Ltd. (NYSE: WFT) today announced that its U.S. subsidiary has reached agreement with BP (NYSE: BP) to settle any claims that may have arisen between the companies relating to the Deepwater Horizon incident and oil spill. Under the settlement, BP will indemnify...

The Oil and Gas Sector has been gaining strength over the past thirty minutes, after bouncing off of its lows of the day – currently up 0.61% on the session. The best performing stocks currently in the S&P 500 Oil & Gas Sector currently are: 1) Helmerich & Payne (NYSE: HP): Shares of...

According to Dahlman Rose, Weatherford (NYSE: WFT) is expected to sell a number of non-core businesses over the next 12-18 months and realize net proceeds of several hundred million dollars. Dahlman Rose said that we are hopeful that the sanctioned country negotiations with various government...

Pritchard Capital provided color on the oil services. In a research report published today, Pritchard states, "The Oil Service Index (OSX-250.48) retreated 2.5% last week to underperform the S&P 500 (1,271.50) by 250 bp. The majority of shares in our universe traded lower; production services...

The “Golden Cross” is a major bullish technical indicator. It occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average. The “Golden Cross,” like most technical indicators, should never be used alone, but is a significant event to consider when evaluating a...

Oil States International, Inc. (NYSE: OIS) announced today that its Oil States Industries subsidiary has been awarded a contract from Subsea 7 to supply 27 FlexJoint® Steel Catenary Riser terminations and 40 receptacle assemblies for the Guara and Lula NE oilfields in Brazil. This order...

Mitcham Industries, Inc. (NASDAQ: MIND) today announced that it has priced an underwritten public offering of 2,000,000 shares of its common stock at a price to the public of $14.50 per share, for gross proceeds of approximately $29.0 million. The net proceeds to Mitcham from this offering are...

GenMark Diagnostics, Inc. (GNMK) offering of 7,065,600 shares of its common stock at a price to the publicof $4.25 per 8:30a (T3) Tim_K:     Merit Medical (MMSI) Offering Mitchum Industries (MIND) offering - Hearing its coming at 15 - Stong daily overall. trading 15.25 post market down $1.22...

Jefferies is out with its report today on Weatherford Int'l (NYSE: WFT), maintaining Buy. In a note to clients, Jefferies writes, "Following a recent meeting with management, we are slightly more comfortable that WFT is moving in the right direction. We maintain our Buy and believe WFT will...

Research In Motion Limited (NASDAQ: RIMM) dipped 18.62% to $28.75 in the pre-market session. RIMM lowered its earnings forecast for the year. Mitcham Industries Inc (NASDAQ: MIND) dropped 7.75% to $14.75 in the pre-market trading. MIND reported that it is offering to sell shares of its common...

Mitcham Industries, Inc. (NASDAQ: MIND) today announced that it is offering to sell shares of its common stock in an underwritten public offering. Mitcham also expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public...

Singular Research maintained its Bolt Technologies (NASDAQ: BOLT) Buy rating and lowered its Bolt Technologies price target from $18 to $16 in a research report published today. In the report, Singular Research states, "Any curtailment of activities from the Deepwater Horizon oil spill appears to...

There are easier things to do in the ETF business than try to capture investors' attention with a new equity-based oil ETF. Without making the leap to saying this niche of the ETF universe is saturated, it is fair to say that a few ETFs such as the Oil Services HOLDRs (AMEX: OIH), the Energy Select...

The Oil & Gas Sector, which took a beating in yesterday's trading session, is leading the market in today's action, currently up 1% on the day. The best performing stocks in the S&P 500 Oil & Gas Sector currently are: 1) Cabot Oil & Gas (NYSE: COG): Shares of Cabot Oil & Gas...

Piper Jaffray has an Overweight rating and a $97 price target on shares of IHS Inc. (NYSE: IHS). In a note to clients, Piper Jaffray writes, "IHS shares have modestly underperformed the market (-4.3% vs. a -1.1% move in the S&P500) since posting more-or-less in-line F1Q results, after sharply...