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Stock Market & Financial Investment News

News Breaks
July 7, 2014
12:30 EDTFETForum Energy awarded contract from Marine Platforms
Forum Energy announced that it has received an order from Marine Platforms to supply four work-class remotely operated vehicle systems each complete with a Dynacon Launch and Recovery System. The order includes three Perry heavy work class XLX Evo 200HP ROVs. Two of the systems will be mobilised aboard MPL’s new “African Inspiration” multi-purpose service vessel for service offshore West Africa and the other two will be added to their global fleet.
News For FET From The Last 14 Days
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April 27, 2015
10:00 EDTFETOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
10:00 EDTFETOn The Fly: Analyst Upgrade Summary
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08:56 EDTFETForum Energy upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded Forum Energy to Equal Weight and increased its price target to $22 from $18. The firm said strong free-cash-flow continues the company's inventory correction is occurring sooner than expected.
08:54 EDTFETForum Energy upgraded to Buy from Hold at Johnson Rice
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08:40 EDTFETForum Energy downgraded to Neutral at Baird
As reported previously, Baird downgraded Forum Energy Technologies to Neutral from Outperform, stating that the timelines for recovery in North American land market activity have been too aggressive. Baird raised its price target to $24 from $22 on the stock despite the downgrade.
07:03 EDTFETForum Energy downgraded to Neutral from Outperform at Baird
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April 24, 2015
06:24 EDTFETForum Energy says decline in oil prices had significant impact on spending
CEO Cris Gaut commented, "The decline in oil prices had a significant impact on the spending by our customers. Each of our product lines experienced sequentially lower revenues in the first quarter 2015 contributed to by the 44% decline in the North America rig count during the quarter. New orders received by Forum in the first quarter were $288 million, a decline of 32% from the fourth quarter with the only increase being in our Valves product line. Our first quarter 2015 book to bill ratio was 83%."
06:23 EDTFETForum Energy reports Q1 Drilling & Subsea revenue down 18% to $215M
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06:22 EDTFETForum Energy sees Q2 EPS 15c-20c, consensus 22c
06:22 EDTFETForum Energy reports Q1 EPS excluding items 30c, consensus 28c
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April 13, 2015
10:00 EDTFETOn The Fly: Analyst Downgrade Summary
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05:57 EDTFETForum Energy downgraded to Underperform from Hold at Jefferies
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