Oil & Gas Equipment & Services

Helix (NYSE: HLX) Reports Q1 EPS of $0.24 vs. $0.09 Estimate; Revenues $291M vs. $312.13M Estimate

Helix Energy Solutions Group (NYSE: HLX) Reports EPS of $0.14 vs. $0.09 Estimate; Revenues $331.6M vs. $312.1M Estimate

FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Hibernia Management and Development Company Ltd. to manufacture and supply subsea systems for the Hibernia Southern Extension Project. The Hibernia Southern Extension Project is an expansion of the Hibernia...

Jefferies & Co. is cutting its price target on shares of Weatherford International (NYSE: WFT) to $26 from $28, but is maintaining the Buy rating it has on shares. In a note to investors, Jefferies writes, "When we upgraded the shares of WFT in January 2011, we identified it as a high risk/...

Jefferies is out with its report today on Complete Production Svs. (NYSE: CPX), raising its PT from $36 to $40. In a note to clients, Jefferies writes, "We are reiterating our bullish stance on shares of CPX, given the stock's current valuation (trading at 4.7x 2012 EBITDA), and solid market...

Dresser-Rand Group Inc. (NYSE: DRC) announced today that it has received an order from Valero Energy Corporation's joint venture company, Diamond Green Diesel, LLC, to supply the critical rotating equipment for a new unit that will produce "renewable diesel fuel."   This project will be the first...

Jefferies & Company has lowered the price target on Weatherford International (NYSE: WFT) from $28 to $26 and maintains its Buy rating.

Jefferies & Company has raised the price target on Complete Production Services (NYSE: CPX) from $36 to $40 and maintains its Buy rating.

For all the attention that oil gets in the mainstream media and for all the gushing (no pun intended) analysts and pundits do about oil equities and ETFs, there are still names in this universe that are still fairly anonymous. To be fair, that may be a symptom of numbers. There are hundreds of...

Core (NYSE: CLB) amends credit pact.

J.P. Morgan Chase & Co. is out with a research report on Weatherford (NYSE: WFT) following the company's earnings report. It has a Neutral rating on shares. It has a $24 price target on shares. In a note to clients, J.P. Morgan writes, "Weatherford reported 1Q11 EPS of $0.12 (adjusting for...

Morgan Stanley has an Overweight rating on shares of Weatherford International (NYSE: WFT). In a note to investors, Morgan Stanley writes, "WFT posted operating EPS of $0.10/shr vs. MS and consensus of $0.18/shr. A series of “one time” charges were mentioned to justify the $0.08/shr shortfall...

According to Global Hunter Securities, Callon Petroleum (NYSE: CPE) now has sufficient access to services to develop its assets, and potentially attract new partners. Global Hunter Securities said that the previously announced completion service agreement with Halliburton (HAL) is yielding three...

According to Jefferies, Basic Energy Services (NYSE: BAS) reported 1Q EPS of $0.20, blowing away its estimate of $0.05 and FC of $0.03 driven primarily by higher revenues in the Completion & Remedial segment and secondarily by higher margins in the Well Servicing segment. Jefferies said that...

Pre-open movers US stock futures are higher this morning, after upbeat results from Apple Inc (NASDAQ: AAPL). Investors are awaiting earnings reports from several companies and data on jobless claims. Futures on the Dow Jones Industrial Average gained 67 points to 12,463.00 and futures on the S...