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Stock Market & Financial Investment News

News Breaks
February 25, 2014
07:56 EDTTESO, HPHelmerich & Payne, Tesco estimates raised at FBR Capital
FBR Capital raised its estimates for Helmerich & Payne (HP) and Tesco (TESO) citing recent strength of the Tier 1 land drilling market. FBR raised its price target for Helmerich shares to $107 from $98 and for Tesco to $27 from $22 while keeping Outperform ratings on both names.
News For HP;TESO From The Last 14 Days
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July 31, 2014
06:03 EDTHPHelmerich & Payne sees FY14 CapEx to be slightly below prior estimate of $1.1B
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06:02 EDTHPHelmerich & Payne expects revenue days in Q4 to increase 2%-3%
The average rig revenue per day is expected to increase to approximately $28,300 and the average rig expense per day is expected to remain at roughly $13,000 during the fourth fiscal quarter. As of today, the U.S. land segment has 292 contracted rigs, including 178 under term contracts. In the offshore segment, the company expects the average rig margin per day to be approximately $22,000 during the fourth fiscal quarter and revenue days to increase by approximately one percent as compared to the third fiscal quarter of 2014. In the international land segment, the company expects total revenue days during the fourth fiscal quarter to increase by approximately two percent and the average rig margin per day to be down by approximately five percent as compared to the third fiscal quarter of 2014.
06:01 EDTHPHelmerich & Payne reports Q3 EPS $1.75, consenus $1.63
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July 23, 2014
10:02 EDTHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Market Perform from Outperform at Cowen... Brinker (EAT) downgraded to Sector Perform from Outperform at RBC Capital... Cubist (CBST) downgraded to Market Perform from Outperform at JMP Securities... DiamondRock (DRH) downgraded to Neutral from Outperform at RW Baird... DuPont (DD) downgraded to Neutral from Overweight at JPMorgan... FirstMerit (FMER) downgraded to Neutral from Overweight at JPMorgan... Helmerich & Payne (HP) downgraded to Accumulate from Buy at Tudor Pickering... Hexcel (HXL) downgraded to Hold from Buy at Canaccord... Juniper (JNPR) downgraded to Neutral from Buy at BofA/Merrill... King Digital (KING) downgraded at BofA/Merrill... Lexmark (LXK) downgraded at Raymond James... McDonald's (MCD) downgraded at RW Baird... Mead Johnson (MJN) downgraded to Outperform from Buy at CLSA... National Oilwell (NOV) downgraded to Accumulate from Buy at Tudor Pickering... Nintendo (NTDOY) downgraded to Hold from Buy at Jefferies... Raytheon (RTN) downgraded to Market Perform from Outperform at Bernstein... Targa Resources (TRGP) downgraded to Accumulate from Buy at Global Hunter... Time Warner (TWX) downgraded to Market Perform from Outperform at Cowen... Timmins Gold (TGD) downgraded to Market Perform from Outperform at Cowen... United Technologies (UTX) downgraded to Market Perform from Outperform at Wells Fargo... Viacom (VIAB) downgraded to Market Perform from Outperform at Cowen... Xilinx (XLNX) downgraded at BMO Capital.
09:11 EDTHPHelmerich & Payne downgraded to Accumulate from Buy at Tudor Pickering

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