Oil & Gas Equipment & Services

Credit Suisse is out with a research report this morning, where it upgrades shares of Tidewater (NYSE: TDW) to Outperform, from Neutral; it has a $65.00 price target on the stock. The CS analysts noted that TDW shares lagged the OSX by 13% in 2010 on a sharp decline in earnings, with consensus EPS...

J.P. Morgan Chase & Co. has a Neutral rating and a $75 price target on shares of IHS Inc. (NYSE: IHS). In a note sent to investors, J.P. Morgan writes, "We're maintaining our Neutral rating on IHS shares. In FQ4,10, revenues (+15%) were above our estimates while EBITDA ex stock comp. (+16%) was...

IHS Inc. (NYSE: IHS) today reported results for the fourth quarter and full year ended November 30, 2010. Revenue for the fourth quarter of 2010 totaled $296 million, a 15 percent increase over fourth quarter 2009 revenue of $257 million. Net income attributable to IHS for the fourth quarter of...

Energy is significantly underperforming the broader market on Wednesday as a new Presidential panel report spread blame around for the BP oil spill to a number of different companies, including BP (NYSE: BP), Halliburton (NYSE: HAL) and Transocean (NYSE: RIG). Of these three, HAL is being punished...

Shares of Allis-Chalmers Energy (NYSE: ALY) are higher on the session by 6.87%, currently trading at $7.47. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...

Resources Connection Inc (NASDAQ: RECN) shares moved up 11.56% to $21.14 at 10:42 am. The volume of RECN shares traded was 938% higher than normal. RECN swung to profit in its fiscal second quarter, from a loss in the year-ago period. ARM Holdings plc (NASDAQ: ARMH) shares rose 5.12% to $23.00. The...

The Oil Services Holders Trust(NYSE: OIH) is trading slightly lower on the session by $1.16 to $138.26. The move lower comes after a U.S. presidential commission blamed BP plc(NYSE: BP), Halliburton Corp.(NYSE: HAL), and Transocean Ltd.(NYSE: RIG) for the gulf oil leak that occurred in April 2010....

Shares of Newpark Resources (NYSE: NR) are falling hard this morning, currently off by 5.18%, trading at $5.68. The stock had been moving higher for the past two months, following a sharp slide in late-October, but is giving back the majority of those gains today. Shares tagged the 50-day moving...

The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, the White House panel responsible for investigating the Gulf of Mexico oil spill, has concluded that the spill was avoidable and blamed BP (NYSE: BP) and its contractors for the accident. The Deepwater Horizon rig...

Autodesk Inc (NASDAQ: ADSK) shares gained 5.41% to create a new 52-week high of $40.61. Analysts at Goldman Sachs upgraded ADSK from "neutral" to “buy." ORBCOMM Inc (NASDAQ: ORBC) shares rose 5.34% to touch a new 52-week high of $2.96. ORBC's trailing-twelve-month levered free cash flow is $27.12...

Howard Weil initiates coverage on Lufkin Industries (NASDAQ: LUFK) with a Market Perform rating and $64 price target.

TTI Exploration, Inc. today announced that it has appointed Chris M. Friedemann as Chief Marketing Officer with immediate effect. Friedemann joined TTI from ION Geophysical Corporation (NYSE: IO) where he most recently served as Senior Vice President of Corporate Marketing.

Dover Corporation (DOV) announced that it has acquired Crowley, Texas-based leading designer and manufacturer of down-hole rod pumps and related products, Harbison-Fischer, Inc., for $402.5 million. Dover expects the acquisition to boost its earnings in 2011. Harbison-Fischer will be...

Dover Corporation (DOV) announced that it has acquired Crowley, Texas-based leading designer and manufacturer of down-hole rod pumps and related products, Harbison-Fischer, Inc., for $402.5 million. Dover expects the acquisition to boost its earnings in 2011. Harbison-Fischer will be...