Oil & Gas Equipment & Services

The broader market is sharply higher today, on the back of news that China did not raise interest rates over the weekend, which is helping the energy and commodity names. The following are some of today's most notable movers of interest, categorized by market capitalization (large caps over $10...

Oilfield services company National-Oilwell Varco (NOV) has closed its previously announced acquisition of Advanced Production and Loading Plc (“APL”), a subsidiary of Norway-based BW Offshore Ltd. The financial terms of the transaction were not disclosed. APL is a maker of turret mooring...

Oilfield services company National-Oilwell Varco (NOV) has closed its previously announced acquisition of Advanced Production and Loading Plc (“APL”), a subsidiary of Norway-based BW Offshore Ltd. The financial terms of the transaction were not disclosed. APL is a maker of turret mooring...

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 land rig count. The Baker Hughes rig count, issued since 1944, acts as...

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 land rig count. The Baker Hughes rig count, issued since 1944, acts as...

Schlumberger Limited (SLB) is planning to change its financial reporting structure for better representation of its businesses following a string of acquisitions in recent times. In February 2010, Schlumberger acquired Smith International for approximately $11 billion in an all-stock deal and...

Schlumberger Limited (SLB) is planning to change its financial reporting structure for better representation of its businesses following a string of acquisitions in recent times. In February 2010, Schlumberger acquired Smith International for approximately $11 billion in an all-stock deal and...

Wells Fargo is raising its Oceaneering International, Inc. (NYSE: OII) valuation from $68-70 to $76-80 and downgrading the stock to Market Perform, “as our new valuation range proffers just 4-9% appreciation potential.” “Our valuation rises as a result of rolling our target multiples forward to...

OYO Geospace (NASDAQ: OYOG) today announced net income of $14.1 million, or $2.27 per diluted share, on revenues of $128.5 million for its fiscal year ended September 30, 2010. This compares with a net income of $1.8 million, or $0.29 per diluted share, on revenues of $92.9 million for the prior...

We are maintaining our 'Neutral' recommendation on oil drilling equipment maker FMC Technologies Inc. (FTI) with a price target of $92. Houston, Texas-based FMC Technologies is a leading manufacturer and supplier of technology solutions for the energy industry. The company, which operates 25...

We are maintaining our 'Neutral' recommendation on oil drilling equipment maker FMC Technologies Inc. (FTI) with a price target of $92. Houston, Texas-based FMC Technologies is a leading manufacturer and supplier of technology solutions for the energy industry. The company, which operates 25...

Compellent Technologies Inc (NYSE: CML) was downgraded by RW Baird from "outperform" to "neutral." CML's stock closed at $29.04 yesterday. Compellent Technologies' PEG ratio is 4.73. ASML Holding NV (NASDAQ: ASML) was downgraded by Nomura from "buy" to “neutral." ASML's shares closed at $37.74...

Analysts at Wells Fargo Securities downgrade Oceaneering International (NYSE: OII) from "outperform" to "market perform." OII shares fell 0.34% to close at $72.90 yesterday. More Analyst Ratings here

Shares of Ciena Corp (NASDAQ: CIEN) surged about11.8% after the company reported mixed Q4 results, but issued upbeat Q1 sales guidance. Ciena reported Q4 loss at $0.86 per share, versus a loss of $0.29 per share, in the year-ago period. The company's revenue increased to $418 million from $176...

Shares of Mitcham Industries, Inc. (Nasdaq: MIND) are currently up 9.3% at $10.03 per share during Wednesday afternoon trading. Today's trading range for shares of Mitcham Industries, Inc has been between $9.65 and a 52-week high of $10.41 per share. The consensus price target of analysts covering...