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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:45 EDTRES, RES, SARA, SARA, AMZG, AMZG, UNT, UNT, TPLM, TPLM, FTK, FTK, EPM, EPM, TENG, TENGEnerCom to hold a conference
The Oil & Services Conference: TOSC 12 is being held in San Francisco on February 18-19 with webcasted company presentations to begin on February 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
News For RES;SARA;AMZG;UNT;TPLM;FTK;EPM;TENG From The Last 14 Days
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January 29, 2015
10:00 EDTRESOn The Fly: Analyst Downgrade Summary
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09:25 EDTRESRPC, Inc. downgraded to Neutral from Accumulate at Global Hunter
Global Hunter downgraded RPC Inc to Neutral given lower activity, lack of visibility to the duration of the down-cycle, and high earnings leverage. Price target lowered to $10 from $15.
January 28, 2015
07:24 EDTRESRPC, Inc. has contingency plans for industry downturn
RPC Inc. CEO Richard A. Hubbell stated, "This impending industry slowdown, while unexpected, occurs frequently in our industry. We have prepared contingency plans to address factors under our control, most of which relate to expense and capital expenditure reductions. The extent to which we take action is dependent upon the severity and expected length of this downturn, neither of which is clear to us at this time. We have no plans to reduce our equipment maintenance or other programs which differentiate us as a high-quality provider of oilfield services. We are committed to remaining a dependable service provider to our strong customer base during this period. I also emphasize that our conservative balance sheet and financial strength will allow us to maintain operational quality during these challenging times and take advantage of strategic opportunities".
07:17 EDTRESRPC, Inc. reports Q4 EPS 36c, consensus 32c
Reports Q4 revenue $632.2M, consensus $636.76M.
07:09 EDTFTKFlotek acquires all assets of International Artificial Lift
Flotek announced it has entered into a definitive agreement to purchase substantially all of the assets of International Artificial Lift, a developmental-stage company that specializes in the design, manufacturing and service of next-generation Hydraulic Pumping Units that serve to increase and maximize production for oil and natural gas wells. Flotek provided total consideration of $2.25M for the purchase of substantially all of the assets of IAL including all intellectual property, finished goods and inventory. Flotek also assumed the lease on IAL's corporate headquarters in Boyd, Texas in the Dallas-Ft. Worth metroplex. International Artificial Lift President Larry Best has agreed to remain with the company for a minimum of two years from the effective date of the transaction.
January 27, 2015
16:12 EDTFTKFlotek reports Q4 EPS 29c, consensus 28c
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09:11 EDTAMZGAmerican Eagle Energy announces sale of certain non-core assets
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January 20, 2015
07:31 EDTAMZGAmerican Eagle Energy downgraded to Hold from Buy at KLR Group
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January 16, 2015
10:01 EDTAMZGOn The Fly: Analyst Downgrade Summary
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08:03 EDTAMZGAmerican Eagle Energy downgraded to Hold at Canaccord
As previously reported, Canaccord downgraded American Eagle Energy to Hold from Buy following the company's decision to suspend all operated drilling this year due to lower oil prices. Canaccord lowered its price target on American Eagle Energy to 75c from $3.
06:51 EDTAMZGAmerican Eagle Energy downgraded to Hold from Buy at Canaccord
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