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Stock Downgrdes: (TTES, CTL, MDCO, IRM, COST)
Thursday, October 7, 2010 - 10:11am | 135T-3 Energy (NASDAQ: TTES) was downgraded to Market Perform from Market Outperform at Howard Weil. The Medicines Co (NASDAQ: MDCO) was downgraded to Sector Perform from Outperform at RBC Capital Markets Centurytel (NYSE: CTL) was downgraded to Hold from Buy at Stifel Nicolaus Iron Mountain (NYSE:...
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Tidewater Signs $100M Construction Contract with Drydocks World
Wednesday, October 6, 2010 - 4:43pm | 104Tidewater Inc. (NYSE: TDW) announced today that it has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance, high-capacity, 3,200 metric ton deadweight platform...
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Halliburton Co. Chairman Sells 7,000 Shares of HAL
Wednesday, October 6, 2010 - 4:21pm | 53In a Form 4 filed earlier today, Halliburton Co. (NYSE: HAL) Chairman of the Board, David Lesar, reported that he sold 7,000 shares of HAL on October 5th for an average price of $34.00. The transaction totaled $238,000. Mr. Lesar owns 1,080,587 direct shares of HAL. Source: The Washington Service
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OYO Geospace Announces New Contracts Worth $6.1M
Wednesday, October 6, 2010 - 4:19pm | 108OYO Geospace (NASDAQ: OYOG) today announced it received a $6.1 million order from Dawson Geophysical Company for 8,000 GSR channels and related equipment. Upon completion and delivery of this order, Dawson Geophysical will own 16,000 channels of the company's GSR system. Delivery of this order is...
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Puts Purchased on Cameron International (CAM)
Wednesday, October 6, 2010 - 2:16pm | 124Shares of Cameron International Corporation (NYSE: CAM) are lower on the session by 0.41%, currently trading at $43.30. The stock has been moving largely higher over the past four months, off of a recent low near $31.80. $45.00 is a significant resistance level. Options traders are buying...
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Oppenheimer Initiates Complete Production Services At Outperform (CPX)
Wednesday, October 6, 2010 - 12:10pm | 247Analysts at Oppenheimer have initiated coverage of Complete Production Services (NYSE: CPX) with an Outperform rating and $29 price target which is based on 5.5x 2011 EV/EBITDA estimates. This is in line with the group's five-year average multiple. They wrote, "the stock is the best performer in...
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Benzinga's Volume Movers (TTES, AMSC, TISI, HTHT)
Wednesday, October 6, 2010 - 12:00pm | 172T-3 Energy Services Inc (NASDAQ: TTES) shares moved up 15.10% to $31.25 at 11:25 am. The volume of TTES shares traded was 2961% higher than normal. TTES has agreed to be purchased for $422 million or $31 per share by Robbins & Myers Inc (NYSE: RBN). American Superconductor Corporation (NASDAQ:...
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CapitalOne Southcoast Initiates Coverage On Newpark Resources
Wednesday, October 6, 2010 - 10:26am | 24CapitalOne Southcoast has initiated coverage on Newpark Resources (NYSE: NR) at Neutral with a $9 price target.
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Oppenheimer Initiates Coverage On PTEN, NBR, CPX, KEG
Wednesday, October 6, 2010 - 9:30am | 63Oppenheimer has initiated coverage on the following companies: Patterson-UTI (NASDAQ: PTEN) Perform Nabors (NYSE: NBR) Perform Complete Production Services (NYSE: CPX) Outperform, $29 price target Key Energy (NYSE: KEG) Outperform, $13 price target
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Robbins & Myers Inc (NYSE: RBN) To Acquire TTES
Wednesday, October 6, 2010 - 9:16am | 42Robbins & Myers Inc (NYSE: RBN) annocned today they are looking to purchase T-3 Energy Services Inc. (NASDAQ: TTES) for $31 a share. TTES is up 17% Premarket at $31.70
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Robbins & Myers To Acquire T-3 Energy Services Inc.
Wednesday, October 6, 2010 - 9:14am | 42Robbins & Myers Inc (NYSE: RBN) annocned today they are looking to purchase T-3 Energy Services Inc. (NASDAQ: TTES) for $31 a share. TTES is up 17% Premarket at $31.70
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Oil States to Acquire Acute Technological Services (OIS)
Wednesday, October 6, 2010 - 7:28am | 79Oil States International, Inc. (NYSE: OIS) announced yesterday that its subsidiary, Oil States Industries, Inc., has entered into a definitive agreement to purchase all of the outstanding capital stock of Acute Technological Services, Inc.. Headquartered in Houston, Texas and with operations in...
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Calls Purchased on Dresser-Rand Group (DRC)
Tuesday, October 5, 2010 - 2:59pm | 189Shares of Dresser-Rand Group Inc. (NYSE: DRC) are higher on the session by 2.26%, currently trading at $37.51. The stock has been moving largely higher over the past six months, trading just off of a 52-week high, at $39.16, which was set early September. Options traders are buying upside on the...
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Patterson-UTI Closes Key Asset Buy - Analyst Blog
Tuesday, October 5, 2010 - 6:06am | 434Onshore contract driller Patterson-UTI Energy Inc. (PTEN) closed its previously announced acquisition of certain assets of onshore well service rig provider Key Energy Services (KEG) for approximately $238 million in cash. As per the deal between the two Houston-based companies, Key Energy sold...
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Newpark Resources Announces Exercise of Over-Allotment Option by Underwriters and Closes Public Offering
Monday, October 4, 2010 - 11:37am | 70Newpark Resources, Inc. (NYSE: NR) today announced that in connection with its previously announced registered public offering of $150,000,000 aggregate principal amount of 4.00% Convertible Senior Notes due 2017, the underwriters exercised in full its over-allotment option and purchased an...