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 land rig count for natural gas drilling. The Baker Hughes rig count,...

We are maintaining our Neutral stance on Baker Hughes Inc. (BHI) following its impressive third quarter results, strong North American land business as well as a well-rounded suite of product offerings. Baker's earnings saw a more than three fold jump in the recently concluded quarter, driven...

Chicago Bridge & Iron Company(CBI) announced that CB&I Lummus has won a contract for providing front-end engineering, design and consultancy services to the Shtokman LNG (liqufied natual gas) storage and loading facility in the Murmansk region of the Russian Federation. CB&I's...

We are maintaining our Neutral stance on Baker Hughes Inc. (BHI) following its impressive third quarter results, strong North American land business as well as a well-rounded suite of product offerings. Baker's earnings saw a more than three fold jump in the recently concluded quarter, driven...

Chicago Bridge & Iron Company(CBI) announced that CB&I Lummus has won a contract for providing front-end engineering, design and consultancy services to the Shtokman LNG (liqufied natual gas) storage and loading facility in the Murmansk region of the Russian Federation. CB&I's...

This screen here is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call "Stocks That Are Breaking Down" (but just the exact opposite). For a day like we are seeing today, it is useful to see those stocks that could benefit...

Shares of Tenaris SA (NYSE: TS) are higher on the session by 1.20%, currently trading at $43.78. The stock had been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...

Telestone Technologies Corp (NASDAQ: TSTC) dipped 4.18% to $13.54 in the pre-market session. TSTC's quarterly earnings dropped 12.80% y/y. Acergy SA (NASDAQ: ACGY) lost 0.90% to $20.86 in the pre-market session. ACGY's quarter revenue declined 11.30% y/y. ASML Holding NV (NASDAQ: ASML) fell 0.33%...

Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) traded sharply lower on Tuesday. It lost 8.86%, and closed at $34.24. EDC traded on a heavy volume today. Its average volume is 2.96M traded shares, and today, it had a volume of 4.17M shares. Direxion Daily China Bull 3x Shares ETF (...

Gulf Island Fabrication, Inc. (NASDAQ: GIFI) announced today that, through its subsidiary Gulf Marine Fabricators, L.P., it has signed a contract for the fabrication and integration of the topsides on a deep-water Gulf of Mexico project. This is the same project associated with the Letter of...

WSP Holdings Limited (NYSE: WH) today announced its unaudited financial results for the quarter ended September 30, 2010. Net revenues ($ million) 137.0 Gross profit ($ million) 10.5 Net loss ($ million (26.8) Loss per ADS ($) (0.26)

Oilfield services company National-Oilwell Varco (NOV )  raised its quarterly cash dividend to 11 cents per share (44 cents per share annualized), representing an increase of approximately 10.0%. The new distribution is payable on December 17 to shareholders of record as on December 3, 2010....

UBS has changed its price target on the following companies: Willbros Group (NYSE: WG) from $9.10 to $7.75. Medco Health Solutions (NYSE: MHS) from $70 to $76. Express Scripts (NASDAQ: ESRX) from $63 to $66. Energy XXI (NASDAQ: EXXI) from $26 to $34. Ann Taylor (NYSE: ANN) from $30 to $32.

Dahlman Rose has published a research report on oil field services as the industry continues to grow its offshore project backlog, showing a significant increase in offshore activity. In the report, Dahlman Rose writes "The last three months have seen an acceleration of indications for offshore rig...

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting decreases in the land and offshore rig counts for natural gas drilling. The Baker Hughes...