Oil & Gas Equipment & Services

Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) traded 3.81% lower on Wednesday, as the energy sector stocks rallied. In the space, Halliburton Company (NYSE: HAL) gained 4.28%, and Baker Hughes Incorporated (NYSE: BHI) added 3.96%. Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) fell 3....

iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) led the gainers among the ETFs on Wednesday, as cotton futures traded higher on a rising global demand. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL) gained 6.19% today, and closed at $103.83. Direxion Daily China Bull 3x...

ION Geophysical Corporation (NYSE: IO) today reported fourth quarter results. Total revenues for the fourth quarter of 2010 increased to $158.6 million compared to $121.3 million a year ago. Excluding the revenues of the Legacy Land Systems (INOVA) segment, total fourth quarter revenues increased...

By Tom Clancy After hearing a commentator on TV recommend investors buy Transocean (RIG) and Diamond Offshore Drilling (DO) as a “derivative oil trade," I felt compelled to share some insight that investors and traders alike should consider before taking such positions. Understanding the difference...

Shares of Global Industries (NASDAQ: GLBL) are higher on the session by 1.00%, trading at $8.07. Overall call volume is now running at 6.27x the daily average, with 58% of all calls traded being purchases on the offer. 1,003 contracts have traded on the session so far. Global Industries, Ltd....

IHS Inc. (NYSE: IHS) is reaffirming its 2011 revenue and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) guidance. The company plans to publicly reaffirm its previously announced earnings guidance in San Francisco today and in Boston on February 24. As announced on...

Shares of Global Industries (NASDAQ: GLBL) are higher on the session by 1.01%, trading at $8.00. Overall call volume is now running at 74.78x the daily average, with 34% of all calls traded being purchases on the offer. 1,346 contracts have traded on the session so far. Global Industries, Ltd....

Today the markets continued it move higher in a relatively lack luster way compared to Fridays action when the turmoil in Egypt soften with Hosni Mubarak stepping down as president.  The strong buying in the markets continues as two of the major three indexes make new 52 week highs.  The Dow Jones...

FMC Technologies, Inc. (NYSE: FTI) today reported fourth quarter 2010 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.82. The diluted earnings per share were affected by a combination of tax items that resulted in a net benefit of $0.13 per diluted share....

Halliburton (NYSE: HAL) announced that its board of directors has declared a 2011 first quarter dividend of nine cents ($0.09) a share on the company's common stock payable March 23, 2011, to shareholders of record at the close of business on March 2, 2011. The company's annual meeting of...

Afternoon Movers include (NEWP),(IO),(HYC),(PCX),(SOL),(CMC),(NCT)...

Jefferies is out with its report today on TETRA Technologies (NYSE: TTI), maintaining Buy. In a note to clients, Jefferies writes, "Management observed favorable trends during 4Q from all of its businesses with revenues growing sequentially, with the exception of Offshore Services, which was...

Trinity Industries Inc (NYSE: TRN) was upgraded by BB&T Capital from "hold" to "buy." TRN's shares closed at $30.46 on Friday. TRN's trailing-twelve-month revenue is $2.05 billion. Wells Fargo upgraded Abercrombie & Fitch Co (NYSE: ANF) from "market perform" to "outperform." ANF's shares...

The Oil Service Index (OSX) closed the week at 269.70, up 0.7% on the week and up 10.0% YTD, Jefferies reports. The S&P 500 rose 1.4% on the week and is now up 5.7% YTD. “Last week, the top three performers in our coverage universe were Oil States International Inc. (NYSE: OIS) (+9.0%), Core...

Masco (NYSE: MAS) is projected to post a loss of $0.02 per share on revenue of $1.78 billion in the fourth quarter. Marriott International Inc (NYSE: MAR) is expected to report its Q4 EPS at $0.36 on revenue of $3.59 billion. Diebold Incorporated (NYSE: DBD) is expected to report its Q4 EPS at $0....