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January 15, 2013
07:22 EDTDRC, RDC, LUFK, FTI, FET, WFTOilfield 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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September 16, 2014
09:59 EDTFTIOn The Fly: Analyst Downgrade Summary
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08:46 EDTFTIDril-Quip price target lowered to $120 from $137 at FBR Capital
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08:08 EDTFTIFMC Technologies downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded FMC Technologies to Market Perform citing expectations for a reduction in the volume of subsea well starts. FBR lowered its price target for shares to $58 from $68.
07:42 EDTFETDeutsche Bank to hold a conference
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September 12, 2014
11:07 EDTWFTWeatherford initiated with a Buy at Gabelli
September 3, 2014
10:48 EDTRDCRowan repeats view for FY14 jack-up out of service time, capex
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10:36 EDTFTIFMC Technologies repeats FY14 EPS view $2.70-$2.80, consensus $2.80
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September 2, 2014
09:32 EDTFETForum Energy awarded contract for eight remotely operated vehicles
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