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Stock Market & Financial Investment News

News Breaks
March 21, 2014
06:09 EDTPTENPatterson-UTI Energy says Q1 pressure pumping operations impacted by weather
Patterson-UTI Energy announced that its pressure pumping operations in the Appalachian region have been negatively impacted by unusually severe weather during Q1. The company stated "We now expect pressure pumping revenues of approximately $240M for Q1, with a margin percentage of approximately 17%. The margin percentage is lower than we had projected as a result of having crews and equipment on location that were unable to provide revenue generating services during the unusually severe weather. While on location, we continued to incur labor, demurrage and other costs, including fuel costs to run our equipment in order to protect it in these extraordinary weather conditions. The severe weather has not significantly impacted our other operations, and demand remains strong for both our pressure pumping and drilling services even in the areas impacted by weather."
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September 19, 2014
10:06 EDTPTENOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
09:01 EDTPTENPatterson-UTI Energy upgraded to Overweight from Equalweight at Capital One
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06:02 EDTPTENPatterson-UTI Energy agrees to acquire Texas-based pressure pumping assets
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September 17, 2014
10:00 EDTPTENOn The Fly: Analyst Initiation Summary
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September 16, 2014
16:17 EDTPTENPatterson-UTI Energy initiated with a Hold at KeyBanc
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September 9, 2014
07:18 EDTPTENStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.

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