Oil & Gas Equipment & Services

ProShares UltraShort Silver (ETF) (NYSE: ZSL) led the gainers among the ETFs on Monday, with an increase of 7.58%. ZSL closed at $19.17, and it had a volume of 16.83M traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 4.50% today, and it closed at $16.97. In the energy...

Pritchard Capital provided color on oil services. In a research report published today, Pritchard states, "The Oil Service Index (OSX-256.78) retreated 4.0% last week to underperform the S&P 500 (1,270.98) by 180 basis points. Last week, oil service shares within our coverage universe broadly...

The Oil & Gas Sector has been one of the weakest performing areas of the market in today's trading session, currently 1.6% lower on the day. A plunge 2.7% plunge in NYMEX crude oil futures is fueling the decline. The worst performing stocks in the S&P Oil & Gas Sector currently are: 1...

CE FRANKLIN LTD. (NASDAQ: CFK) announces the promotion of Mr. Derren Newell to the position of chief financial officer. Mr. Newell, previously Financial Controller has extensive experience and expertise in finance, accounting, audit, tax and a wealth of experience with strategic and operational...

Global Hunter is out with its report today on Mitcham Industries (NASDAQ: MIND), raising its PT from $18 to $22. In a note to clients, Global Hunter writes, "Applying the same 4.5x multiple to our fiscal 2013 EBITDA estimate, we are increasing our price target to $22, up from $18. We expect MIND...

TETRA Technologies (NYSE: TTI) and Compressco Partners (NASDAQ: GSJK) announced today that Compressco Partners has commenced, subject to market conditions, an underwritten initial public offering of approximately 2,500,000 of its common units representing limited partner interests. Compressco...

Basic Energy Services, Inc. (NYSE: BAS) announced today that it has commenced an offering, through a Rule 144A private placement, of up to $175 million of its 7 3/4% Senior Notes due 2019. The notes are being offered as additional notes under the indenture pursuant to which Basic issued $275...

Societe Generale has initiated coverage on the following companies: Cameron International (NYSE: CAM) Buy, $59 PT National Oilwell Varco (NYSE: NOV) Buy, $84 PT FMC Technologies (NYSE: FTI) Hold, $46 PT Oceaneering International (NYSE: OII) Hold, $81 PT

Mergers and acquisitions activity has been on the upswing for over a year now and if you're looking for an ETF with which to play this theme, there is a specific fund devoted to M&A arbitrage, but the better bet is to identify sectors ripe for consolidation and use the relevant ETFs to isolate...

The markets are floating slightly higher today as the Dollar has fallen sharply once again. Federal Reserve Chairman Ben Bernanke is set to speak at 3:35pm ET today. Knowing this, gave Wall Street a good idea that the markets would most likely see weakness in the Dollar and an up market. The...

Mitcham Industries Inc (NASDAQ: MIND) shares surged 6.76% to $15.47 at 10:25 am. The volume of MIND shares traded was 828% higher than normal. MIND reported a 61% surge in its Q1 revenue. Solar Capital Ltd (NASDAQ: SLRC) shares moved up 2.62% to $24.67. The volume of SLRC shares traded was 450%...

iShares MSCI All Peru Capped Index Fund (NYSE: EPU) led the decliners among the ETFs on Monday, with a loss of 13.78%. EPU closed at $37.53, and it had a volume of 2.29M traded shares. Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) fell 6.86% today as Baidu.com, Inc. (ADR) (NASDAQ: BIDU)...

Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) spiked 6.12% on Monday as Halliburton Company (NYSE: HAL) dropped 4.46% and Baker Hughes Incorporated (NYSE: BHI) lost 3.15%. Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) added 5.85%, and it closed at $15.74. Baidu.com, Inc. (ADR) (...

Jefferies reiterated its Hold rating on Willbros Group (NYSE: WG). In a research report published today, Jefferies states, "Following a recent meeting with senior management and a site visit to the BP Solar project in Long Island, NY, we are modestly more positive on WG. We maintain our Hold, but...

FuelCell Energy Inc (NASDAQ: FCEL) is expected to post a Q2 loss at $0.12 per share on revenue of $27.92 million. G-III Apparel Group Ltd (NASDAQ: GIII) is estimated to post its Q1 EPS at $0.04 on revenue of $195.36 million. Mitcham Industries Inc (NASDAQ: MIND) is projected to post its Q1 EPS at...