Oil & Gas Equipment & Services

Oppenheimer & Co. is upgrading shares of Halliburton Company (NYSE: HAL) to Outperform from Perform, and establishing its $42 price target. In a research report, Oppenheimer writes, "We are upgrading HAL from Perform to Outperform and establishing a $42 price target based on 15x our 2011 EPS...

Analysts at Global Hunter Securities initiate coverage of CARBO Ceramics Inc (NYSE: CRR) with a "buy" rating. The target price for CRR is set to $105. CRR's shares fell by 0.20% to close at $83.77 on Friday. More Analyst Ratings here

Baker Hughes Incorporated (NYSE: BHI) released financial results on Monday morning that easily beat Wall Street estimates. Baker Hughes Incorporated announced that its 3rd quarter net income jumped to $255 million, or 59 cents per share, up from $55 million, or 18 cents per share, a year earlier....

Here's the Economic Calendar for the week commencing the 1st of November 2010. This week is monetary policy mayhem week! The main even will be the announcement from the US FOMC as it announces its decision on monetary policy, and more importantly its decision on quantitative easing - this...

Cusick's Corner The VIX is on the move up with the market going higher -- a potential flag that Tuesday's election hype and the Fed's QE2 seem to be already priced into the market. Headline risk can often be a potential catalyst for a higher VIX. Small Caps, IWM, and Finance, XLF (one of the 4...

(TheStreet) -- Shares of Halliburton (NYSE: HAL) were flattish in trading on Friday, but that didn't make up for the Thursday stock price crash triggered by the cement-test crisis. On Thursday, the government released a letter from the presidential commission investigating the BP (NYSE: BP) oil...

According to Dahlman Rose, despite the misses achieved by Key Energy Services (NYSE: KEG), a positive outlook remains and future earnings growth can be expected. In the report, Dahlman Rose writes "The international business continues to drag on earnings, but likely less in 4Q10. In 2011, there may...

Cusick's Corner The market stayed in a tight range going into the After Hours. But Oil, CLZ10 $81.94, in the short-term looks coiled for some potential upside, especially with the indecision that surfaced in the market after yesterday's close. With no data coming out, the market will start to...

Oil drilling equipment maker FMC Technologies Inc. (FTI) reported third quarter 2010 earnings per share from continuing operations of 66 cents, slightly below the Zacks Consensus Estimate of 67 cents. Compared with the year-ago quarter, earnings per share declined 9.6% from 73 cents, primarily...

Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today reported net income of $3.5 million ($.24 diluted EPS) on revenue of $60.7 million for its third quarter ended September 30, 2010, compared to net income of $6.0 million ($.41 diluted EPS) on revenue of $76.6 million for the third quarter ended...

Newpark Resources, Inc. (NYSE: NR) today announced results for its third quarter ended September 30, 2010. Total revenues were $179.3 million for the third quarter of 2010 compared to $181.4 million for the second quarter of 2010 and $118.2 million for the third quarter of 2009. Net income for...

This afternoon BP plc(NYSE: BP) and Halliburton Co.(NYSE: HAL) have experienced very volatile action. A report was released earlier that stated Halliburton knew that cement used for leak in the BP oil well was not secure. This caused the Halliburton stock to plummet and the BP stock to decline....