Oil & Gas Equipment & Services

Solutia, Inc. (NYSE: SOA) had an in-line Q3 release with EPS beating by $0.01 and '10 EBITDA and EPS guidance unchanged though now expected to be at the high end of the guidance ranges, Deutsche Bank reports. “In the quarter a lower than expected tax rate was offset by mark-to-market losses,”...

Jefferies & Co. has published a research report on FMC Technologies (NYSE: FTI) that reported an $0.01 shortfall this past quarter after a few quarters of consistently exceeding expectations. In the report, Jefferies writes "Revenue slipped 5.2% sequentially to $960.0 million, 2.0% below our...

Houston, Texas based Carbo Ceramics, Inc. (NYSE: CRR) announced on Thursday morning that it easily beat consensus Wall Street estimates. Carbo Ceramics, Inc reported that 3rd quarter net income jumped to $20.2 million, or 87 cents per share, up from $14.4 million, or 62 cents per share, a year...

FMC Technologies, Inc. (FTI) reported its third quarter 2010 earnings from continuing operations of 66 cents per share failing to beat Zacks Consensus Estimate by a cent. The Zacks Consensus was 67 cents per share. The earnings also decreased 15.4% sequentially and 9.6% from the prior-year...

Oilfield service company National-Oilwell Varco (NOV) reported better-than-expected third quarter results, helped by robust drilling and pressure pumping activity throughout North America, as well as good project execution skills and manufacturing efficiency. Earnings per share, excluding...

Crude Oil   The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level earlier this year. However, growing doubts about the strength of the U.S. economy this summer and host of other...

FMC Tech. (NYSE: FTI) reports Q3 earnings of $0.66 versus consensus of $0.66. FMC Corp. reports revenues of $960 million versus consensus of $1.01 billion. "We had another strong quarter for subsea orders consistent with our positive outlook on the subsea market," said Peter D. Kinnear, Chairman...

FMC Technologies, Inc. (NYSE: FTI) today reported third quarter 2010 revenue from continuing operations of $960 million, down 12 percent from the prior-year quarter due primarily to lower subsea systems revenue. Diluted earnings per share from continuing operations were $0.66 compared to $0.73 in...

For Immediate Release Chicago, IL – October 27, 2010 – Today, Zacks Equity Research discusses the Oil & Gas Industry, including: Petroleo Brasileiro S.A., or Petrobras (PBR), Acergy S.A. (ACGY), Core Laboratories N.V. (CLB), Halliburton Co. (HAL) and Patterson-UTI Energy (PTEN). A synopsis...

RBC Capital is changing the following price targets and reiterating coverages: W.R. Berkley (NYSE: WRB); Outperform, from $30 to $31 Rogers Comms (NYSE: RCI); Sector Perform, from $46 to $44 National Oilwell Varco (NYSE: NOV); Outperform, from $55 to $70 Motricity (NASDAQ: MOTR); Outperform, from $...

Howard Weil reiterates coverage and raises price targets on the following companies: Pioneer Southwest Energy (NYSE: PSE); Market perform rating, price target from $25 to $27. National Oilwell Varco (NYSE: NOV); Market Outperform, price target from $55 to $62.

Goldman Sachs has a Sell rating on Basic Energy Services (NYSE: BAS) and a $9 price target. In the note to clients, Goldman writes, "We remain Sell-rated on Basic and expect shares to underperform as it becomes more clear that its earnings are likely to peak in 2Q11 versus consensus which...

RPC, Inc. (NYSE: RES) today announced its unaudited results for the third quarter ended September 30, 2010. Revenues Increased by 128.7 Percent Compared to the Third Quarter of 2009 Diluted EPS for the Third Quarter Increased to $0.47, Compared to a Loss of $0.11 in Third Quarter 2009 Three-for...

RPC, Inc. (NYSE: RES) announced today that its Board of Directors has approved a three-for-two split of the Company's outstanding common stock. The split will be effected by issuing one additional share of common stock for every two shares of common stock held. The additional share of common stock...