Oil & Gas Equipment & Services

ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Thursday with a 9.07% loss. AGQ closed today at $165.98, and it had a volume of 1.86M traded shares. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) lost 5.10% today, as cotton futures struggled. In the...

ProShares UltraShort Silver (ETF) (NYSE: ZSL) gained 9.11% on Thursday as silver struggled. SLV closed at $8.62, and it had a volume of 7.35M traded shares. Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) jumped 4.94% today, and broke its three day losing streak. In the semiconductor...

Shares of Helix Energy Solutions Group (NYSE: HLX) are higher on the session by 4.15%, trading at $14.30. Overall call volume is now running at 3.34x the daily average, with 62% of all calls traded being purchases on the offer. 1,919 contracts have traded on the session so far. Helix Energy...

Dresser-Rand Group Inc. (NYSE: DRC) announced today that Dresser-Rand Company has entered into a definitive agreement with Echogen Power Systems of Akron, Ohio under which Dresser-Rand will acquire a minority interest in Echogen as well as certain license and exclusive market rights to Echogen's...

Shares of National Oilwell Varco (NYSE: NOV) are lower on the session by 2.03%, trading at $77.78. Overall put volume is now running at 3.37x the daily average, with 2% of all puts traded being purchases on the offer. 13,049 contracts have traded on the session so far. National Oilwell Varco, Inc...

Brigham Exploration Company (NASDAQ: BEXP) shares reached $34.86 to create a new 52-week high, before falling to $34.43, representing a 1.68% gain. BEXP is scheduled to report its Q4 results after the closing bell on February 24. Royale Energy Inc (NASDAQ: ROYL) shares gained 45.38% to create a...

Jefferies is out with its report today on Superior Energy Services (NYSE: SPN), maintaining Buy. In a note to clients, Jefferies writes, "SPN shares likely weaken today on uneven 4Q results and a wide 2011 guidance range of $1.80-2.20 versus the $2.18 consensus and our $2.25 estimate. Longer-term...

Goldman Sachs is out with its report today on Schlumberger (NYSE: SLB), maintaining Buy. In a note to clients, Goldman Sachs writes, "We came away with confidence in our Buy rating and that SLB will maintain its leadership position in high tech markets such as deepwater. A newer aspect of SLB's...

Jefferies is providing some key takeaways from the Schlumberger (NYSE: SLB) analyst event. “Key takeaways for SLB's analyst event over the last two days, including company's expectations to post industry leading margins (including in NAM), higher synergies from the Smith deal and a focus on quality...

Six U.S. and European energy companies were subject to an attack by hackers working from internet servers in China. The companies targeted include: Exxon Mobil (NYSE: XOM), Royal Dutch Shell (LSE: RDSA.L), BP (NYSE: BP), Marathon Oil (NYSE: MRO), Baker Hughes (NYSE: BHI) and ConocoPhillips (NYSE...

Analysts at BofA/Merrill downgrade Tenaris SA (NYSE: TS) from “buy” to “neutral.” TS shares fell 0.88% to close at $46.44 yesterday. More Analyst Ratings here

FMC Technologies (NYSE: FTI) announced today that its subsidiary, FMC Kongsberg Subsea AS, has signed an agreement with ConocoPhillips Scandinavia AS for the manufacture and supply of subsea equipment and services for a water injection development in the Ekofisk field. The award has a base value of...

Shares of Allis-Chalmers Energy (NYSE: ALY) are higher on the session by 0.87%, trading at $6.97. Overall put volume is now running at 4.88x the daily average, with 31% of all puts traded being purchases on the offer. 2,287 contracts have traded on the session so far. Allis-Chalmers Energy Inc....

Jefferies is out with its report today on Newpark Resources (NYSE: NR), raising its price target from $7 to $8. In a note to clients, Jefferies writes, "We are increasing our PT to $8 from $7, which is based on 6x our 2012 EBITDA estimate of $144.8 million (up from $126.4 million). Our PT multiple...

Jefferies & Company, Inc. has published a report on ION Geophysical Corp (NYSE: IO). According to the report, IO posted excellent 4Q results driven primarily by seasonally stronger multi-client sales, while its INOVA land equipment business continues to under perform. “Following the recent...