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Stock Market & Financial Investment News

News Breaks
January 23, 2014
08:10 EDTESV, RIG, DO, NE, RDCUltra-deepwater drillers entering a near-term bear cycle, says UBS
UBS believes ultra-deepwater market is entering a period of over-supply and that the jackup markets will reach oversupply in 2015. The firm believes there could ba a 12-18 month downturn as new rigs enter the market and E&P spending slows. The firm expects stock prices to remain under pressure and reduced estimates and downgraded Rowan Companies (RDC) to Neutral from Buy, and cut estimates for Diamond Offshore (DO), Ensco (ESV), Noble Corp. (NE), and Transocean (RIG).
News For RDC;DO;ESV;NE;RIG From The Last 14 Days
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April 23, 2015
10:00 EDTRIG, NE, ESVOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
06:54 EDTRIGTransocean downgraded to Underweight from Equal Weight at Morgan Stanley
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06:54 EDTESVEnsco downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Ensco to Underweight and lowered its price target to $27.50 from $31.50 based on limited upside, and ENSCO 8500 Series and later cycle recovery exposure.
06:54 EDTNENoble Corp. downgraded to Underweight on late cycle exposure at Morgan Stanley
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April 22, 2015
19:14 EDTNEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 3.3%... Alliance Fiber Optic (AFOP), up 6.9%... eBay (EBAY), up 6.2%... Cheesecake Factory (CAKE), up 5.6%... O'Reilly Automotive (ORLY), up 3.8%... Corelogic (CLGX), up 3.2%... Skechers (SKX), up 2.5%... AT&T (T), up 1.3%. ALSO HIGHER: ARRIS Group (ARRS), up 24.9% after acquiring Pace plc. for $2.1B in cash and stock... Esperion Therapeutics (ESPR), up 2.5% after being initiated with an Outperform at RBC Capital... Uniqure (QURE), up 3.7% after being initiated with an Outperform at BMO Capital. DOWN AFTER EARNINGS: Texas Instruments (TXN), down 6.7%... Las Vegas Sands (LVS), down 4.2%... Oceaneering International (OII), down 3.7%... F5 Networks (FFIV), down 2.8%... Xilinx (XLNX), down 3.3%... Qualcomm (QCOM), down 3%... Facebook (FB), down 2.2%... Tractor Supply (TSCO), down 3.1%. ALSO LOWER: Noble Corp (NE), down 1.2% after being downgraded to Underweight from Equal Weight at Morgan Stanley.
19:00 EDTRDCRowan reiterates 3%-6% Q1 out-of-service time
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18:46 EDTNENoble Corp. downgraded to Underweight from Equal Weight at Morgan Stanley
April 21, 2015
19:24 EDTRIGNational Oilwell announces CFO Thigpen resigns to become CEO of Transocean
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18:30 EDTRIGTransocean appoints Jeremy Thigpen as CEO
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April 17, 2015
08:29 EDTRIG, RDC, DO, NEU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
17:36 EDTRIGTransocean to scrap GSF Explorer, sees $100M-$120M non-cash charge in Q2
Transocean reported earlier that it intends to scrap its GSF Explorer in an environmentally responsible manner. The rig is classified as held for sale. Due to these plans, Q2 results are expected to include a related estimated non-cash charge of $100M-$120M, net of taxes.
16:02 EDTRIGOptions Update; April 16, 2015
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10:58 EDTRIGStocks with call strike movement; RIG FCX
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09:33 EDTESVEnsco downgraded to Reduce from Neutral at Global Hunter
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05:52 EDTRIGStocks with implied volatility movement; RIG QIHU
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April 15, 2015
16:01 EDTRIGOptions Update; April 15, 2015
iPath S&P 500 VIX Short-Term Futures down 49c to 21.90. Option volume leaders: AAPL NFLX C PBR KMI RIG MCP TWTR GILD BAC according to Track Data.
09:35 EDTRIGActive equity options trading on open
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06:16 EDTDO, NE, RDC, RIGOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
16:00 EDTRIGOptions Update; April 14, 2015
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April 12, 2015
18:32 EDTRIG, RDC, ESV, DOObama administration expected to toughen offshore drilling regulations, WSJ says
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