Oil & Gas Equipment & Services

Johnson & Johnson Inc. (JNJ) is in talks to buy Swiss medical-device maker Synthes Inc. $20 billion. Charles Schwab (SCHW) a discount broker, declared boosted profit for the first quarter as earnings reached $243.00 million, or $0.20 per share, from a year earlier $6.00 million, or a lesser...

A week of substantial headline risk be it at the hands of Japan, bearish views on oil or disappointing earnings results has drawn to a close and perhaps the best thing that can be said is "Hey, at least stocks closed higher on Friday." Still, Friday's effort will do little to put a dent in weekly...

Schlumberger's (NYSE: SLB) recent annual report had some sobering news on world-wide oil demand. Over the next two decades barrel-a-day consumption will rise from 90 million to 126 million. While these estimations can be expected given growing energy demand from emerging markets such as China and...

Global Hunter Securities has an Accumulate rating and a $86 price target on shares of Oil States International (NYSE: OIS). In a note to clients, Global writes, "Yesterday AMC, OIS announced it has obtained a 5-yr commitment supporting a 650-rentable room expansion at its Coppabella Village in...

Wells Fargo has revised estimates on JB Hunt Transport Services (NASDAQ: JBHT) from $2.07 to $2.13 for 2011 and from $2.51 to $2.60 for 2012. Earnings are revised down on Key Energy Services (NYSE: KEG) from $0.72 to $0.72 for 2011, for Golub Capital BDC (NASDAQ: GBDC) from $1.38 to $1.29 for 2011...

Halliburton (NYSE: HAL) has been awarded a contract by Statoil to provide integrated drilling and well services offshore Norway with options up to eight years in duration with extended scope and activity. Traditionally, Statoil has procured drilling and well services on a discrete basis. This is...

Duncan Williams is out with its report today on Willbros Group (NYSE: WG), initiating coverage on WG at Strong Buy. In a note to clients, Duncan Williams writes, "Our STRONG BUY rating is based on an earnings multiple of 20x 2012 estimated earnings, yielding a target of $16.00 per share. With the...

Duncan Williams has initiated coverage on Willbros Group (NYSE: WG) with a Buy rating and $16 price target.

It's hard to grasp the out-of-this-world growth China has experienced over the past few decades. The country's GDP has grown tenfold since Deng Xiaoping's reforms ushered in a new economic era in 1978. However, pessimists point to the very low base from which the economic growth began and the fact...

As oil fell sharply, the markets followed. Demand destruction fears, a Goldman Sachs bearish call and a disaster in Japan surely to rock their economy for years were all culprits. Speculators fled with arms flailing in the air, trying not to get clipped on the way. As oil retreated to the $105...

Goldman Sachs is reiterating its Buy rating on Hornbeck Offshore Services (NYSE: HOS). It has a $36 price target on shares. In a note to clients, Goldman writes, "OSV fundamentals in the US Gulf of Mexico are starting to turn more positive. While we did not expect to see any strength until...

While Goldman Sachs says that it did not expect to see any strength until deepwater drilling returned, “vessel utilization rates have taken a step up in March and dayrates appear to have troughed due to increased shallow water activity and non-drilling related work.” “We continue to expect new...

ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) led the decliners among the ETFs on Monday, with a 6.91% loss. UCO traded lower along with crude oil after IMF lowered its economic forecasts for the US, and Japan. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) dropped 5.69% today, and it closed...

Powershares DB Crude Oil Double Short ETN (NYSE: DTO) jumped 8.20% on Monday, and it closed at $40.70. Crude oil traded sharply lower after IMF lowered its economic forecasts for the U.S. and Japan. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 5.03% on the weakness in the energy...

Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it has created a joint venture with SCF Marine Inc., a subsidiary of SEACOR Holdings Inc. (NYSE: CKH), to build a river grain terminal in Fairmont City located in St. Clair County, Illinois.  The joint...