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Tenaris Hits 52-Week High (TS)
Monday, April 11, 2011 - 9:42am | 32Tenaris (NYSE: TS) has hit a 52-week high in today's trading. At last check the year-to-date performance of Tenaris has been a gain of 3.6%.
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Options Brief: ION Geophysical Corporation (IO)
Monday, April 11, 2011 - 9:35am | 81Shares of ION Geophysical Corporation (NYSE: IO) are higher on the session by 1.13%, trading at $13.46. Overall call volume is now running at 3.25x the daily average, with 54% of all calls traded being purchases on the offer. 1,165 contracts have traded on the session so far. ION Geophysical...
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ExxonMobil Awards Drilling Contract to Halliburton for West Qurna Oil Field
Monday, April 11, 2011 - 7:37am | 67Halliburton (NYSE: HAL) has been awarded a contract by ExxonMobil (NYSE: XOM) Iraq Limited to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq. Halliburton will provide a complete range of well construction services utilizing three drilling...
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Jefferies Likes Halliburton (HAL)
Monday, April 11, 2011 - 6:24am | 165Jefferies & Co. is out with a research note on the oil services names, and it has a Buy rating and a $59 price target on shares of Halliburton (NYSE: HAL). In a note to investors, Jefferies writes, "As we enter a potentially sloppy (but well documented owing to weather and North Africa) 1Q...
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Mad Money Lightning Round: Cramer Likes Juniper Networks (CRR, EXPR, WNR, JNPR)
Sunday, April 10, 2011 - 11:37pm | 166On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Carbo Ceramics (NYSE: CRR) is a “relatively unknown company. I'm bullish on these stocks that help drillers get more oil out of the ground. But I do expect them to pull back a bit here." He said that Express (NYSE: EXPR) “flies...
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Options Brief: Cameron International Corporation (CAM)
Friday, April 8, 2011 - 9:43am | 84Shares of Cameron International Corporation (NYSE: CAM) are higher on the session by 1.05%, trading at $55.73. Overall call volume is now running at 3.27x the daily average, with 40% of all calls traded being purchases on the offer. 3,559 contracts have traded on the session so far. Cameron...
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Credit Suisse Upgrades BHI To Outperform, $88 PT Credit Suisse has issued a report upgrading Baker Hughes (NYSE: BHI) from Neutral to Ourperform and increased the Price Target from $76 to $88 a share. According to the report, “We upgrade BHI to OP from Neutral: We clearly missed this opportunity...
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Benzinga's Top Upgrades (BHI, IMGN, BECN, PTEN)
Friday, April 8, 2011 - 7:19am | 143Baker Hughes Incorporated (NYSE: BHI) was upgraded by Credit Suisse from "neutral" to "outperform." BHI's shares closed at $71.22 yesterday. Baker Hughes' PEG ratio is 0.73. RBC Capital upgraded ImmunoGen Inc (NASDAQ: IMGN) from “sector perform” to “outperform.” IMGN's shares closed at $11.80...
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TETRA Technologies Announces Asset Sale of $222.25M
Thursday, April 7, 2011 - 3:12pm | 92TETRA Technologies, (NYSE: TTI) today announced that its wholly-owned Maritech Resources, Inc. subsidiary has entered into an agreement with Tana Exploration Company, a wholly-owned subsidiary of TRT Holdings, to sell, for approximately $222.25 million, its interests in oil and gas properties that...
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UPDATE: Global Hunter Upgrades Mitcham Industries to Buy (MIND)
Thursday, April 7, 2011 - 7:32am | 144Global Hunter is out with its report today on Mitcham Industries (NASDAQ: MIND), upgrading shares of MIND from Accumulate to Buy. In a note to clients, Global Hunter writes, "MIND posted impressive FQ4 2011 results exceeding consensus expectations and would have matched our forecast if not for...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Fortune Brands (TEVA, SDRL, HCBK, FO, PUDA, BTU, BIDU, SINA, RVBD, HOC, WFT, EW)
Wednesday, April 6, 2011 - 11:22pm | 346On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Teva Pharmaceutical (NASDAQ: TEVA) is a “mystery to me. That stock has been crushed. The health care stocks are going to bottom here." He believes that SeaDrill Limited (NYSE: SDRL) is “good. I like the oil drillers. There might...
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Benzinga's Top ETF Decliners, April 6th (SOXS, TMF, GAZ, ERX)
Wednesday, April 6, 2011 - 6:44pm | 176Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) lost 4.47% on Wednesday as Cisco Systems, Inc. (NASDAQ: CSCO) and Broadcom Corporation (NASDAQ: BRCM) gained 4.94% and 3.90% respectively. Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE: TMF) fell 4.32% today, and closed at $31.22....
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Deadly Plane Crash in Congo Kills 32 People
Wednesday, April 6, 2011 - 11:45am | 107Senior United Nations officials today voiced their shock and sadness after yesterday's plane crash in the Democratic Republic of the Congo (DRC) in which a UN.
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Halliburton Wins Services Contracts for HP/HT Fields in Norway; Value Potentially Over $200M
Wednesday, April 6, 2011 - 9:07am | 45Halliburton (NYSE: HAL) has been awarded several contracts by Statoil to provide services for two high-pressure/high-temperature fields offshore Norway. Halliburton estimates that these significant multiyear awards have the potential to exceed more than $200 million in value.
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Mitcham Industries Reports Q4 EPS of $0.23 vs. $0.21
Tuesday, April 5, 2011 - 3:07pm | 96Mitcham Industries, Inc. (NASDAQ: MIND) today announced financial results for its fiscal 2011 fourth quarter ended January 31, 2011. Total revenues for the fourth quarter of fiscal 2011 increased 14% to $19.7 million from $17.4 million in the fourth quarter of fiscal 2010. Net income for the...