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Stock Market & Financial Investment News

News Breaks
April 21, 2014
11:53 EDTHAL, WFT, SLB, BHIHalliburton hits 52-week high after results top expectations
Shares of oilfield services company Halliburton (HAL) hit a new 52-week high after the company's first quarter results topped analysts' consensus estimates. WHAT'S NEW: This morning, Halliburton reported Q1 continuing operating earnings per share of 73c and revenue of $7.3B, topping expectations of 71c and $7.24B, respectively. The company forecast its Q2 EPS to be up approximately 25%, compared to consensus of 91c, and said "further increases" will follow. For Q2, the company expects low double-digit percentage revenue improvement and margins to move solidly into the mid-teens. On its conference call, management said that 2014 will be a transitional year for Latin America. The company said that constitutional changes in Mexico seem to be progressing as planned and it believes foreign investment in the market will be beneficial to the company beginning in 2015. Halliburton also said it is starting to "feel a momentum swing" in North America. OTHERS TO WATCH: Other companies in the oil services space space include Schlumberger (SLB), Baker Hughes (BHI), and Weatherford (WFT). PRICE ACTION: In late morning trading, Halliburton rose $1.93, or about 3.2%, to $62.83 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $63.88. Weatherford (WFT), which is scheduled to report on its quarter this Friday, April 25, is up 0.7% to $18.34. Meanwhile, Schlumberger (SLB), which reported Thursday morning, is up 1.7% today to $101.56 and Baker Hughes (BHI), which also reported Thursday before the open, is up 1.8% to $69.57.
News For HAL;WFT;SLB;BHI From The Last 14 Days
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October 16, 2014
06:42 EDTBHIBaker Hughes completed demobilization of Iraq contract
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06:35 EDTBHIBaker Hughes sees increased Q4 revenue, margins for North American segment
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06:32 EDTBHIBaker Hughes reports Q3 adjusted EPS $1.02, consensus $1.13
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October 15, 2014
15:28 EDTBHINotable companies reporting before tomorrow's open
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11:39 EDTWFT, HAL, BHI, SLBOil services companies rebound after positive notes from analysts
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10:02 EDTWFT, SLB, HAL, BHIOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Atwood Oceanics (ATW) initiated with a Buy at ISI Group... Baker Hughes (BHI) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Buy at ISI Group... C&J Energy (CJES) initiated with a Buy at ISI Group... CARBO Ceramics (CRR) initiated with a Hold at ISI Group... CHC Group (HELI) initiated with a Buy at ISI Group... Cameron (CAM) initiated with a Buy at ISI Group... Chart Industries (GTLS) initiated with a Buy at ISI Group... Core Laboratories (CLB) initiated with a Buy at ISI Group... Diamond Offshore (DO) initiated with a Sell at ISI Group... Dresser-Rand (DRC) initiated with a Sell at ISI Group... Dril-Quip (DRQ) initiated with a Buy at ISI Group... Ensco (ESV) initiated with a Buy at ISI Group... FIS (FIS) initiated with a Market Perform at BMO Capital... FMC Technologies (FTI) initiated with a Buy at ISI Group... GoPro (GPRO) initiated with a Sector Perform at Pacific Crest... Halliburton (HAL) initiated with a Buy at ISI Group... Helmerich & Payne (HP) initiated with a Neutral at Citigroup... Hercules Offshore (HERO) initiated with a Sell at ISI Group... Key Energy (KEG) initiated with a Buy at ISI Group... Maxwell (MXWL) reinstated with a Buy at Canaccord... Nabors Industries (NBR) initiated with a Buy at ISI Group... Noble Corp. (NE) initiated with a Buy at ISI Group... Oceaneering (OII) initiated with a Buy at ISI Group... Paragon Offshore (PGN) initiated with a Buy at ISI Group... Parker Drilling (PKD) initiated with a Buy at ISI Group... Patterson-UTI (PTEN) initiated with a Buy at Citigroup... Peabody (BTU) initiated with an Underperform at Imperial Capital... RPC, Inc. (RES) initiated with a Buy at Citigroup... Receptos (RCPT) initiated with a Buy at Goldman... Rowan Companies (RDC) initiated with a Buy at ISI Group... Schlumberger (SLB) initiated with a Buy at ISI Group... Sensata (ST) resumed with a Buy at Citigroup... Tidewater (TDW) initiated with a Hold at ISI Group... Transocean (RIG) initiated with a Sell at ISI Group... Weatherford (WFT) initiated with a Buy at ISI Group.
10:02 EDTHAL, BHIOn The Fly: Analyst Upgrade Summary
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09:07 EDTBHIBaker Hughes upgraded at Sterne Agee
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07:48 EDTHALHalliburton upgraded to Overweight from Equal Weight at Morgan Stanley
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07:11 EDTWFTWeatherford initiated with a Buy at ISI Group
Target $29.
07:11 EDTSLBSchlumberger initiated with a Buy at ISI Group
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07:11 EDTHALHalliburton initiated with a Buy at ISI Group
Target $97.
07:11 EDTBHIBaker Hughes initiated with a Buy at ISI Group
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06:45 EDTBHIBaker Hughes upgraded to Buy from Neutral at Sterne Agee
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06:32 EDTWFT, HAL, SLB, BHICiti rolls out Oil Services coverage, recommends two pair trades
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06:11 EDTWFTWeatherford initiated with a Neutral at Citigroup
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06:11 EDTSLBSchlumberger initiated with a Neutral at Citigroup
Target $92.
06:08 EDTHALHalliburton initiated with a Neutral at Citigroup
Target $56.
06:07 EDTBHIBaker Hughes initiated with a Buy at Citigroup
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October 13, 2014
08:02 EDTSLBOneSubsea awarded $270M contract for Pemex Lakach Deepwater Development
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a subsea production systems contract totaling more than $270M for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services. Deliveries are expected to begin in June 2016.
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