Oil & Gas Equipment & Services

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...

Cusick's Corner The tennis match continues into the Midday, with the bulls bouncing back from the lows. The market hit the lows on the ADP data which to me was very interesting, thought there could be a run to upside on the heels of a good number. Battle lines are being drawn, with the...

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...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he can “no longer get behind NVIDIA (NASDAQ: NVDA).” For Massey Energy (NYSE: MEE), he said, "I'll let you own it for now. I think there's a better bid coming. But I still like Walter Industries (NYSE: WLT) and Peabody Energy (...

Cal Dive International, Inc. (NYSE: DVR) reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. Cal Dive also reported a fourth quarter 2010 net loss of $2.4 million, or $.03 per...

Cusick's Corner News out of the Middle East is flowing out, with overnight markets tossing and turning on each headline. I watched the futures trade quite erratically with each headline, but decided that this action was extremely choppy and not worth playing. This choppy action has continued and...

Key Energy Services, Inc. (NYSE: KEG) today announced that it has priced a registered public offering of $475 million aggregate principal amount of Senior Notes due 2021. The notes will bear interest at a rate of 6.75% per year, payable semi-annually in arrears, beginning September 1, 2011.

Shares of CARBO Ceramics (NYSE: CRR) are lower on the session by 3.51%, trading at $119.61. Overall put volume is now running at 3.35x the daily average, with 38% of all puts traded being purchases on the offer. 1,191 contracts have traded on the session so far. CARBO Ceramics Inc. is a supplier...

Exterran Holdings, Inc. (NYSE: EXH) and Exterran Partners, L.P. (NASDAQ: EXLP) today announced that Exterran Holdings priced a previously announced secondary offering of 5,250,000 common units representing limited partner interests in Exterran Partners at $28.65 per common unit.

WSP Holdings Limited (NYSE: WH) announced today the appointment of Mr. Choon-Hoi Then as Chief Financial Officer of the Company effective March 1st, 2011.

Analysts at Pritchard upgrade Dril-Quip Inc (NYSE: DRQ) from “neutral” to “buy.” The target price for DRQ has been raised from $81 to $95. DRQ shares lost 2.94% to close at $76.70 yesterday. More Analyst Ratings here

( click to enlarge ) ION Geophysical Corporation (NYSE:IO) looks to be setting up for an upside move, as the stock has held up well the past few days. IO is in the top of a short-term trading range. Resistance is $12.91.  At this stage it is definitely a wait and see if the resistance will be...