Oil & Gas Equipment & Services

Jefferies, which raised its PT on shares of Oil States International (NYSE: OIS), is providing some color on the stock. “We expect strength in North America, growth in the high margin Accommodations business following the addition of ‘The MAC' in Australia and Mountain West, and rising offshore...

Jefferies raised its Oceaneering International (NYSE: OII) price target from $65 to $90 and maintained Oceaneering's Hold rating in a research report published today. In the report, Jefferies states, "OII's product and service mix, led by its dominant ROV operations and its subsea products division...

Jefferies & Company has raised the price target on Oil States International (NYSE: OIS) from $72 to $90 and maintains its Buy rating.

Jefferies & Company has raised the price target on Oceaneering International (NYSE: OII) from $65 to $90 and maintains its Hold rating.

Basic Energy Services (NYSE: BAS) reported 4Q10 EPS of -$0.05 vs. GS of -$0.11 and FC of -$0.13; EBITDA results were in line with the preannounced range of $42-44 mn on 2/1/11. Goldman raises its 2011/12/13 EPS by $0.77/$0.70/$0.70 to $0.58/$0.27/$0.24. As a result, Goldman raises its 6-month price...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Weatherford International (NYSE: WFT) is “still a buy.” He added, “I think you should stay in it. It can still go higher." For Deckers Outdoor (NASDAQ: DECK), he said, "Here's the deal; This stock is one of my FADS CAN stocks and...

Cusick's Corner The market continued to set new highs and insurance is starting to be a consideration. The VIX closed 16.59 -.13 and was in the green for the latter part of the day. There was a slight influx of some VIX put buying in spite of the continued challenge to the upside. While this is...

Newpark Resources, Inc. (NYSE: NR) today announced results for its fourth quarter and year ended December 31, 2010. Total revenues were $194.5 million for the fourth quarter of 2010 compared to $179.3 million for the third quarter of 2010 and $135.5 million for the fourth quarter of 2009. Net...

Shareholders of ION Geophysical Corp. (NYSE: IO) are having a memorable day, with the stock surging 27.76% to $12.60 on massive volume during Thursday's trading session. The company announced today that the United States District Court for the Eastern District of Texas entered a final judgment and...

BP (NYSE: BP) had a major problem with the cement work that Halliburton (NYSE: HAL) did on its rigs, according to a presidential oil spill panel. Despite the issues that BP took, the company didn't do much about it, despite the concerns dating back to 2007. A 2007 audit by BP said Halliburton did...

The oil spill panel says BP (NYSE: BP) knew about Halliburton's (NYSE: HAL) problems. The panel states that the oil spill happened because of poor management.

Gabelli & Company maintained its Oceaneering International (NYSE: OII) Buy rating in a research report published today. In the report, Gabelli states, "OII projects that international demand may more than offset lower demand in the GOM in 2011 as deepwater drilling and construction activity in...

Jefferies is out with its report today on Oceaneering Int'l (NYSE: OII), maintaining Hold. In a note to clients, Jefferies writes, "OII's expanding and dominant ROV presence and expertise positions it very well to benefit from rising worldwide deepwater activity. While solid 4Q results and...

Jefferies & Co. has a Hold rating and a $6.50 price target on shares of ION Geophysical Corp (NYSE: IO). In a note to clients, Jefferies writes, "IO posted excellent 4Q results driven primarily by seasonally stronger multi-client sales, while its INOVA land equipment business continues to...

Hornbeck Offshore (NYSE: HOS) reports its Q4 EPS at $0.10, versus the consensus of $0.04. HOS reports its Q4 revenue at $97.3 million, versus the consensus of $93.83 million. HOS shares fell 1.44% to close at $24.01 yesterday. Read more from Benzinga's Company news.