Oil & Gas Equipment & Services

NVIDIA Corporation (NASDAQ: NVDA) was upgraded by JP Morgan from "underweight" to "neutral." NVDA's shares closed at $20.47 yesterday. NVIDIA's PEG ratio is 1.08. BofA/Merrill upgraded Abercrombie & Fitch Company (NYSE: ANF) from “neutral” to “buy.” ANF's shares closed at $57.03 yesterday....

Oceaneering International, Inc. (NYSE: OII) announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS, for approximately $60 million. The purchase is expected to close by March 31, 2011. NCA is an oilfield technology company that specializes in...

Global Industries, Ltd. (Nasdaq: GLBL) announced today that it has been awarded multiple projects by McMoRan Oil & Gas for the decommissioning and abandonment of seven production platforms located in the central Gulf of Mexico in water depths ranging from 100 to 400 FSW. The decommissioning...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that “This tanker contract is the single most important thing that could happen to Boeing (NYSE: BA).” He advised investors to buy the stock. For Weatherford International (NYSE: WFT), he said, "I listened to the conference call and I...

When President Obama announced earlier this week that his administration would be pursuing harsh sanctions against Muammar Qaddafi's Libyan government in response to its brutal backlash against Libyan protesters, most had to agree that it was the correct course of action. Most, that is, except for...

Shares of Tenaris SA (NYSE: TS) are lower on the session by 1.93%, currently trading at $46.20. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while...

Rheochem (LON:RHEP) , the AIM listed oil and gas company, has agreed a deal to sell its drilling fluids business for up to £28m to Newpark Resources Inc (NYSE: NR). The deal clears the way for Rheochem's chief executive Haydn Gardner to refocus the company as a pure play exploration and production...

Unconfirmed Rumors That ION Geophysical Corporation (IO) Will be taken over at $19.00 by Compagnie G (CGV)..

Shares of Lufkin Industries (NASDAQ: LUFK) are higher on the session by 1.23%, currently trading at $80.85. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

Sterne Agee has downgraded Weatherford International (NYSE: WFT) from Buy to Neutral and has removed its latest price target. 

The Babcock & Wilcox Company (NYSE: BWC) was downgraded by KeyBanc from "buy" to "hold." BWC’s shares closed at $34.43 yesterday. BWC’s PEG ratio is 2.39.   Sterne Agee downgraded Weatherford International Ltd (NYSE: WFT) from “buy” to...

CNBC Fast Money's Tim Seymour said that Joy Global's (NASDAQ: JOYG) earnings results looked good, but the company missed on estimates. He added that Bucyrus International, Inc. (NASDAQ: BUCY) has really set the bar high for the sector. Joy Global (JOYG) fell 2.76% today, and closed at $94.32. Tim...

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under...

With the first deepwater drilling permit since the moratorium being issued this week, Goldman Sachs has even greater confidence in its Conviction Buy call on Hornbeck Offshore (NYSE: HOS). Goldman is raising its 6-month price target from $29 to $32, which is consistent with Hornbeck's net asset...

Weatherford (NYSE: WFT) traded over 14% lower than yesterday's leves after the company delayed the filing of its 10K. The company commented, "As a result of identifying the material weakness, we performed additional testing to determine whether or not the material weakness failed to identify any...