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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:28 EDTORIG, ATW, DO, HERO, RDC, RIG, PACD, SDRL, ESVTransocean, peers slip after Deutsche downgrades several in sector
Shares of companies that provide offshore drilling services are falling after Deutsche Bank wrote that investors are underestimating the weakness of the sector's dynamics and lowered it ratings on several of the stocks in the industry. WHAT'S NEW: The rates and utilization of older drilling rigs are dropping rapidly and significantly, Deutsche Bank analyst Mike Urban wrote in a note to investors earlier today. Meanwhile, the amount of rigs available continues to increase quickly, Urban wrote. Investors believe that self-elevating rigs, known as jackups, will not suffer similar price decline, the analyst stated. However, the supply of jack-ups is poised to increase "dramatically" in the second half of 2014 and through 2017, Urban believes. Demand is highly unlikely to keep up with supply growth and jackup rates and utilization should consequently be pressured starting in the second half of 2014 and well into 2015, Urban believes. Offshore drilling stocks are likely to drop an average of 13% from current levels, and consensus estimates for the sector are an average of 23% too high, Urban estimated. He downgraded Diamond Offshore (DO), Ensco (ESV), and Transocean (RIG) to Sell from Hold. The analyst downgraded Noble Corp (NE) to Hold from Buy. Urban kept Hold ratings on Atwood Oceanics (ATW), Rowan Companies (RDC), and Seadrill Limited (SDRL). He maintained Buy ratings on Hercules Offshore (HERO), Ocean Rig (ORIG) and Pacific Drilling (PACD). PRICE ACTION: In early trading, Transocean fell 2.3% to $39.53, Diamond Offshore lost 0.3% to $46.30, Ensco lost 0.9% to $50.49, Noble Corp. gained 0.6% to $26.93, Atwood Oceanics fell 1% to $48, Rowan declined 1% to $30.29, Seadrill dropped 0.6% to $35.96.
News For RIG;DO;ESV;RDC;ATW;SDRL;HERO;ORIG;PACD From The Last 14 Days
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December 19, 2014
10:17 EDTESVOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aviva (AV) upgraded to Outperform from Market Perform at Bernstein... Basic Energy (BAS) upgraded to Buy from Accumulate at Tudor Pickering... BioDelivery Sciences (BDSI) upgraded to Buy from Neutral at Roth Capital... CVS Health (CVS) upgraded at SunTrust... CVS Health (CVS) upgraded to Buy from Neutral at SunTrust... EPR Properties (EPR) upgraded to Hold from Underweight at KeyBanc... Ensco (ESV) upgraded to Accumulate from Hold at Tudor Pickering... First Marblehead (FMD) upgraded to Buy from Neutral at Compass Point... GOL Linhas (GOL) upgraded to Outperform from Neutral at Credit Suisse... Medical Properties Trust (MPW) upgraded to Hold from Underweight at KeyBanc... NVIDIA (NVDA) upgraded to Neutral from Underperform at BofA/Merrill... NewStar Financial (NEWS) upgraded to Buy from Neutral at Sidoti... Orange SA (ORAN) upgraded to Buy from Hold at Deutsche Bank... Parker Drilling (PKD) upgraded to Buy from Accumulate at Tudor Pickering... Potash (POT) upgraded to Buy from Neutral at UBS... Teekay Tankers (TNK) upgraded to Buy from Neutral at BofA/Merrill... Tidewater (TDW) upgraded to Accumulate from Hold at Tudor Pickering... Unum Group (UNM) upgraded to Buy from Neutral at Compass Point... WPP PLC (WPPGY) upgraded to Buy from Neutral at Citigroup... Weatherford (WFT) upgraded to Buy from Hold at Tudor Pickering.
09:25 EDTESVEnsco upgraded to Accumulate from Hold at Tudor Pickering
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09:10 EDTSDRLSeadrill downgraded to Conviction Sell from Neutral at Goldman
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December 18, 2014
18:11 EDTRIGTransocean to scrap seven floaters, sees Q4 charge of $100M-$140M
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06:00 EDTDOStocks with implied volatility movement; DO ACHN
Stocks with implied volatility movement; Diamond Offshore (DO) 93, Achillion (ACHN) 285 according to iVolatility.
December 17, 2014
12:51 EDTRIG, RDC, DONY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space 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).
December 16, 2014
11:27 EDTSDRLStocks with call strike movement; SDRL GPRO
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December 12, 2014
12:23 EDTPACDAdage Capital Partners reports 5.27% passive stake in Pacific Drilling
December 11, 2014
16:01 EDTRIGOptions Update; December 11, 2014
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10:33 EDTORIGOptions with increasing implied volatility
Options with increasing implied volatility: UVXY ORIG WLL CJES ARP GREK NBR VXX SVXY
December 10, 2014
12:00 EDTESVStocks with call strike movement; SWN ESV
Southwestern Energy (SWN) March 34 call option implied volatility increased 4% to 46, Ensco (ESV) June 34 call option implied volatility increased 3% to 47 according to IVolatility.
10:33 EDTORIGOptions with increasing implied volatility
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09:36 EDTSDRLActive equity options trading
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08:01 EDTRDCCapital One to hold a conference
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December 9, 2014
11:24 EDTRIGStocks with call strike movement; RIG GPRO
Transocean (RIG) May 22 call option implied volatility decreased 2% to 63, GoPro (GPRO) April 77.5 call option implied volatility decreased 5% to 58 according to IVolatility.
10:27 EDTORIGOptions with increasing implied volatility
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10:23 EDTHEROOn The Fly: Analyst Downgrade Summary
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07:48 EDTHEROHercules Offshore downgraded to Underperform from Neutral at Macquarie
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December 8, 2014
11:31 EDTRIGStocks with call strike movement; RIG GPRO
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10:42 EDTORIGOptions with increasing implied volatility
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