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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:22 EDTFTI, DRC, WFT, LUFK, FET, RDCOilfield 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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May 26, 2015
20:41 EDTFETJohnson Rice to hold a conference
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09:58 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:15 EDTWFT, WFTWeatherford downgraded to Underperform from Outperform at CLSA
CLSA downgraded Weatherford to Underperform from Outperform despite raising its price target to $15 from $12. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 20, 2015
07:26 EDTFTI, RDCUBS to hold a conference
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May 19, 2015
17:44 EDTRDCRowan Companies provides fleet contract status update
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08:23 EDTDRCSiemens bond plan keeps it in running for Halliburton assets, Bloomberg says
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07:31 EDTWFTUBS to hold a conference
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May 15, 2015
17:33 EDTFTIPoint72 Asset Management gives quarterly update on stakes
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May 14, 2015
16:15 EDTRDCRowan Companies files automatic mixed securities shelf
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