Oil & Gas Equipment & Services

 A strong rally led by natural resources and tech shares helped markets to close in the green with the Dow nearing its psychological 12000 mark for the first time since June 2008. Tech stocks zoomed after chip maker Intel announced increased dividends and possible buy back of shares.  The Dow Jones...

Shares of Verizon Communications Inc (NYSE: VZ) dropped about 0.1% after the company reported its Q4 net profit at $2.64 billion, or $0.93 per share, compared with $617 million, or $0.22 per share, in the year-ago period. The company's earnings included $0.39 per share in net non-operational gains...

Piper Jaffray is out with its report on IHS (NYSE: IHS), noting its enthusiasm for long-term growth at IHS. In a note sent to clients, Piper Jaffray writes, "Our bottom line on IHS: A great business and business model, with compelling long-term growth opportunities. We maintain our Overweight...

Baker Hughes Incorporated (NYSE: BHI) on Tuesday morning released financial results that beat Wall Street expectations. Baker Hughes Incorporated reported that its 4th quarter net income attributable to Baker Hughes rose to $335 million, or $0.77 per share, up from $84 million, or $0.27 per share,...

Analysts at HSBC downgrade Cameron International Corporation (NYSE: CAM) from “overweight” to “neutral.” The target price for CAM is set to $57. CAM shares gained 1.97% to close at $51.27 yesterday. More Analyst Ratings here

Weatherford International Ltd (NYSE: WFT) reports its Q4 adjusted EPS at $0.21, versus the consensus of $0.23. WFT reports its Q4 revenue at $2.9 billion, versus the estimates of $2.73 billion. WFT shares dropped 0.09% to $22.23 in pre-market trading. Read more from Benzinga's Company news.

Houston, Texas-based FMC Technologies (FTI) has entered into a $54 million contract with Norway's oil major Statoil ASA (STO). Under the deal, FMC will manufacture and deliver two subsea production trees, one manifold and associated subsea and topside control systems to the latter. These...

Houston, Texas-based FMC Technologies (FTI) has entered into a $54 million contract with Norway's oil major Statoil ASA (STO). Under the deal, FMC will manufacture and deliver two subsea production trees, one manifold and associated subsea and topside control systems to the latter. These...

FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with China National Offshore Oil Corporation for the manufacture and supply of subsea production equipment for the Liuhua 4-1 development project. The award has a value of approximately $85 million in revenue to FMC...

Cusick's Corner This week starts off with a change at the helm. Small Caps, RUT, have lost all momentum and the Blue Chips, DJX, are picking up the slack early in this earnings season. The S&P and NASDAQ are in a consolidation at this stage, most likely because the heavy data and earnings...

Shares of Halliburton Co (NYSE: HAL) gained about 2% after the company reported its Q4 profit at $0.66 per share, up from $0.27 per share, in the year-ago period. The company's operating income surged to $0.68 per share, from $0.27 per share. HAL reported its revenue at $5.16 billion, versus $3.69...

On Friday, oil giant Schlumberger (NYSE: SLB) posted a 31% profit for the fourth quarter, as reported in the Wall Street Journal (subscription required). Earnings rose to $1.04 billion, or 76 cents per share, from $795 million, or 65 cents per share, a year ago.The acquisition of Smith...

Dahlman Rose is out with its report on Schlumberger (NYSE: SLB), and remains bullish after SLB's 4Q beat. In a note to clients, Dahlman Rose writes, "Schlumberger reported 4Q10 earnings of $0.85, versus our estimate of $0.83 (consensus $0.77). The earnings beat was driven by North America and...