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Stock Market & Financial Investment News

News Breaks
June 17, 2014
17:42 EDTOIIOceaneering acquires Spectrum Sales & Services
Oceaneering International announced it has acquired Spectrum Sales & Services, a nondestructive examination company that has developed subsea pipeline inspection technology based on the use of Electro Magnetic Acoustic Transducer technology. Spectrum currently serves the oil and gas, petrochemical, and power industries primarily in the Gulf Coast Region of the U.S.. Spectrum's revenue for 2013 was approximately $4M.
News For OII From The Last 14 Days
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October 31, 2014
09:43 EDTOIIOceaneering downgraded to Equalweight from Overweight at Capital One (pre-open)
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08:55 EDTOIIOceaneering estimates raised, catalysts ahead, says Goldman
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October 30, 2014
10:26 EDTOIIHigh option volume stocks
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08:58 EDTOIIOceaneering should be bought on any weakness, says Sterne Agee
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October 29, 2014
17:17 EDTOIIOceaneering sees FY15 EPS $4.10-$4.50, consensus $4.60
The company said, "While we are facing widely publicized concerns regarding the future of deepwater activity, our 2015 guidance is based on assumptions that service and product demand to perform life-of-field activities and develop new fields will be higher than in 2014 and global floating rig demand will be about the same. Our liquidity and projected cash flow provide us with resources to invest in Oceaneering's growth and return cash to our shareholders, and we intend to continue doing so. We generated EBITDA of $241 million during the quarter and $645 million year to date. For 2014 and 2015, we anticipate generating EBITDA of at least $845 million and $880 million, respectively."
17:16 EDTOIIOceaneering narrows FY14 EPS view to $3.95-$4.00 from $3.95-$4.05
FY14 consensus $4.02. Cites outlook and year-to-date performance.
17:15 EDTOIIOceaneering sees Q4 EPS 94c-99c, consensus $1.04
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17:15 EDTOIIOceaneering reports Q3 EPS $1.16, consensus $1.13
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October 28, 2014
10:12 EDTOIIOn The Fly: Analyst Downgrade Summary
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08:02 EDTOIIOceaneering downgraded at Morgan Stanley
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06:04 EDTOIIOceaneering downgraded to Equal Weight from Overweight at Morgan Stanley
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October 27, 2014
10:00 EDTOIIOn The Fly: Analyst Upgrade Summary
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07:38 EDTOIIUS Oil Services sector downgraded to Cautious from Attractive at Goldman
Goldman downgraded the US Oil Services sector to Cautious based on a lower WTI price forecast of $74/bbl for 2015 and high management and investor expectations. As part of the sector cut, the firm upgraded Oceaneering Halliburton (OII) to Conviction Buy from Buy, downgraded Patterson-UTI (PTEN) to Neutral from Conviction Buy, downgraded Pioneer Energy (PES) and Emerge Energy (EMES) to Neutral from Buy and downgraded Basic Energy (BAS) and Diamond Offshore (DO) to Sell from Buy.
06:34 EDTOIIOceaneering upgraded to Conviction Buy from Buy at Goldman
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