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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:22 EDTFET, RDC, FTI, DRC, WFT, LUFKOilfield Services & Equipment mergers likely to rebound, says Citigroup
Citigroup expects to see a pick-up in the number of Oilfield Services & Equipment mergers and acquisition deals in 2013. The firm sees the most likely takeover candidates as equipment manufacturing and deepwater focused stocks, namely Dresser-Rand (DRC), Rowan Companies (RDC), Lufkin (LUFK), FMC Technologies (FTI), and Forum Energy (FET). Citi also added Weatherford (WFT) as a prime takeover target for 2013 given the recent underperformance of shares.
News For DRC;RDC;LUFK;FTI;FET;WFT From The Last 14 Days
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August 19, 2014
08:10 EDTFTIFMC Technologies awarded order by Petrobras
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August 15, 2014
14:02 EDTDRCDresser-Rand volatility increase as shares trend higher
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August 14, 2014
17:41 EDTWFTPoint72 Asset Management gives quarterly update on stakes
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17:27 EDTWFTAppaloosa gives quarterly update on stakes
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17:20 EDTRDCRowan Companies to replace Mallinckrodt in S&P 400 as of 8/18 close
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17:18 EDTRDCMallinckrodt to replace Rowan Companies in S&P 500 as of 8/18 close
10:05 EDTDRCOn The Fly: Analyst Upgrade Summary
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06:53 EDTDRCDresser-Rand upgraded to Buy from Neutral at Guggenheim
August 8, 2014
07:40 EDTDRCDresser-Rand volatility expected to move on receives takeover interest, report
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August 7, 2014
17:57 EDTDRCDresser-Rand receives takeover interest, hires adviser, Bloomberg reports
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15:56 EDTDRCDresser-Rand jumps 11% after Bloomberg says company received buyout interest
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15:55 EDTDRCDresser-Rand receives takeover interest, hires adviser, Bloomberg says
August 6, 2014
11:14 EDTRDCRowan says seeing continued erosion of deepwater day rates, Bloomberg reports
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10:00 EDTDRCOn The Fly: Analyst Downgrade Summary
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08:16 EDTRDCRowan Companies reports Q2 EPS excluding items 33c, consensus 25c
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08:13 EDTDRCDresser-Rand downgraded to Accumulate from Buy at Global Hunter
Global Hunter downgraded Dresser-Rand to Accumulate from Buy citing ongoing headwinds in upstream product spending. Price target lowered to $68 from $71.

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