Oil & Gas Equipment & Services

Today, Halliburton (NYSE: HAL) broke ground at the construction site of its new Technology Center at the Federal University of Rio de Janeiro Technology Park, located at Ilha do Fundão, Rio de Janeiro, Brazil. The groundbreaking represents a milestone in the Cooperation Agreement signed in 2010...

Morgan Keegan is out with its report today on National Oilwell Varco (NYSE: NOV), lowering its PT to $84 from $100. In its report, Morgan Keegan writes, "We are lowering our price target for National Oilwell Varco to $84 from $100. Our revised price target is based on around 15.0x our unchanged...

Stifel Nicolaus is out with its report today on Willbros Group (NYSE: WG), initiating WG at Buy. In its report, Stifel Nicolaus writes, "We view Willbros as a higher risk investment because of its heavy interest burden and history of operating difficulties. However, we believe the company's...

Stifel Nicolaus has initiated coverage on the following companies: Pike Electric Corporation (NYSE: PIKE) Buy, $11.50 price target Powell Industries (NASDAQ: POWL) Buy, $53 price target Willbros Group (NYSE: WG) Buy, $9 price target

Benchmark Company upgraded Hess Corporation (NYSE: HES) from “sell” to “buy.” Hess' shares closed at $60.21 yesterday. Hess' PEG ratio is 0.64. Analysts at Credit Suisse upgraded Allergan Inc (NYSE: AGN) from “neutral” to “outperform.” AGN's shares closed at $74.75 yesterday. Allergan's trailing-...

Morgan Keegan has upgraded Cal Dive International (NYSE: DVR) from Market Perform to outperform and has raised the price target from $4 to $6.

Sysco Corporation (NYSE: SYY) is projected to report its Q4 EPS at $0.57 on revenue of $10.36 billion. Estee Lauder Companies Inc (The) (NYSE: EL) is estimated to report its Q4 EPS at $0.24 on revenue of $2.03 billion. 3SBio Inc (NASDAQ: SSRX) is expected to post its Q2 EPS at $0.20 on revenue of...

Harbinger Group (NYSE: HRG) announced that it acquired in open market purchases on the New York Stock Exchange on August 12, 2011, an aggregate of 60,000 common shares of North American Energy Partners (NYSE: NOA), 50,000 at a price of $5.10 per Share and 10,000 at a price of $5.11. These 60,000...

The oil services stocks are trading higher to start the day. These stocks have been decimated along with everything else in the stock market over the past three weeks. This morning the Oil Services Holders Trust(NYSE: OIH) is trading higher by $2.08 to $133.37 a share. Traders should watch for...

Boeing Company (The) (NYSE: BA) dipped 3.38% to $56.86 in the pre-market session. BA booked 19 new orders for its 777. Sprint Nextel Corporation (NYSE: S) moved down 1.92% to $3.06 in the pre-market session. Sprint Nextel's PEG ratio is -1.02. Adobe Systems Incorporated (NASDAQ: ADBE) fell 0.83%...

According to J.P. Morgan, IHS (NYSE: IHS) Neutral rating is maintained. J.P. Morgan said that on Thursday, the company announced 1) updated F2011 guidance to reflect the $500MM acquisition of Seismic Micro-Technology and 2) the departure of CFO Mike Sullivan. “IHS shares have been hit hard...

JP Morgan has raised the price target on IHS (NYSE: IHS) from $80 to $81 and maintains its Neutral rating.

Van Eck Global, the sixth-largest U.S. ETF issuer and ninth-largest in the world, has entered into an agreement with Bank of America's (NYSE: BAC) Merrill Lynch, the sponsor behind the HOLDRs exchange traded products, to offer shareholders of six HOLDRs funds shares in equivalent, newly created...

Shares of Helix Energy Solutions Group (NYSE: HLX) are higher on the session by 13.28%, trading at $16.21. Overall put volume is now running at 5.39x the daily average, with 53% of all puts traded being purchases on the offer. 7,298 contracts have traded on the session so far. Helix Energy...

IHS (NYSE: IHS) today announced that Executive Vice President & Chief Financial Officer Michael Sullivan is leaving the company on November 30, 2011 for personal reasons. IHS Chairman and Chief Executive Officer Jerre Stead said that Richard Walker, IHS senior vice president & chief...