Oil & Gas Equipment & Services

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued since 1944,...

Here's the Economic Calendar for the week commencing the 10th of January 2011. This week there's some key inflation data due out from the EU and US, with both economies set to release their CPI reports, and the US and UK also set to release producer prices. There's also industrial...

On CNBC's Fast Money, traders shared their thoughts on mid-day market movers. Pete Najarian suggested to the viewers to sell a part of their position in KB Home (NYSE: KBH). He said that KBH managed to beat the forecast, but this sector has been hot, and it got a little bit hotter. KB Home (KBH)...

The U.S. Energy Department's weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to cold weather conditions across much of the country that pushed up the winter heating demand. The ‘Weekly Natural Gas Storage Report' – as reported by the Energy...

Shares of T-3 Energy Services Inc. (Nasdaq: TTES) are trading up 10.3% at $43.79 per share during the Friday morning trading session. The company is planning a merger with Robbins & Myers, Inc. (NYSE: RBN) that is awaiting shareholder approval. The day's trading range for shares of T-3 Energy...

The U.S. Energy Department's weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to cold weather conditions across much of the country that pushed up the winter heating demand. The ‘Weekly Natural Gas Storage Report' – as reported by the Energy...

Complete Production Services, Inc's (CPX) share price has entered into oversold territory with a stochastic value of 12.00. The Zacks Consensus Estimate on the company's earnings for 2011 increased by a cent over the past week to $1.12 per share. Complete Production Services, Inc is a Zacks #1 Rank...

Complete Production Services, Inc's (CPX) share price has entered into oversold territory with a stochastic value of 12.00. The Zacks Consensus Estimate on the company's earnings for 2011 increased by a cent over the past week to $1.12 per share. Complete Production Services, Inc is a Zacks #1 Rank...

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....