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Stock Market & Financial Investment News

News For SLB;HAL;CLR;CHK From The Last 14 Days
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October 29, 2014
10:00 EDTCLROn The Fly: Analyst Downgrade Summary
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October 28, 2014
09:33 EDTCLRContinental Resources upgraded to Hold from Trim at Tudor Pickering
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07:13 EDTCLRContinental Resources volatility elevated into Q3 and lower energy prices
Continental Resources November call option implied volatility is at 51, December is at 47, January is at 44; compares to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 6.
05:57 EDTSLBStocks with implied volatility movement; SLB HPQ
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05:52 EDTHALStocks with implied volatility movement; TSLA HAL
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October 27, 2014
12:27 EDTHALOn The Fly: Midday Wrap
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10:00 EDTHAL, CLROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
07:38 EDTCLRUS E&P sector downgraded to Neutral from Attractive at Goldman
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07:38 EDTHALUS 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.
07:04 EDTCLRContinental Resources form joint venture with SK E&S Co subsidiary
Continental Resources announced it has formed a joint venture with a wholly-owned U.S. subsidiary of SK E&S Co. to develop Continental's Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Oklahoma. SK E&S is a subsidiary of SK Group, one of the largest conglomerates in South Korea and part of SK Holdings, a Fortune Global 100 company. Continental sold a 49.9% interest in approximately 44,000 net acres in the highly prospective Northwest Cana area of the Anadarko Woodford Shale play, including interests in 37 producing wells, for total consideration of approximately $360M. Continental received $90M at closing, and SK has committed to pay an additional $270M to carry 50% of Continental's remaining share of future drilling and completion costs. Continental anticipates no change in its 2014 and 2015 capital expenditures, its production mix of crude oil and natural gas, or its overall production targets as a result of this agreement.
06:33 EDTHALHalliburton downgraded to Buy from Conviction Buy at Goldman
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06:10 EDTCLRContinental Resources downgraded to Neutral from Buy at Goldman
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October 24, 2014
11:36 EDTCHKChesapeake Oilfield Services withdraws plans for IPO
Chesapeake Oilfield Services, a unit of Chesapeake Energy, said in a filing that it would withdraw its plans for an IPO. It is unclear why the IPO is being withdrawn.
10:03 EDTHALOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
07:23 EDTHALHalliburton feels BP spill trial proposal should be declined, Bloomberg says
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07:08 EDTHALHalliburton upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Halliburton to Buy saying the company's opportunity for share gains in North America is not reflected in the stock price. Citi raised its price target for shares to $68 from 56.
06:42 EDTHALHalliburton upgraded to Buy from Neutral at Citigroup
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October 23, 2014
10:01 EDTCLROn The Fly: Analyst Initiation Summary
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08:13 EDTCHKCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link
07:27 EDTCLRContinental Resources completes four new oil wells in Oklahoma play
Continental Resources reported operations in its recently unveiled Springer play in the South Central Oklahoma Oil Province. The four new wells had an average horizontal lateral length of approximately 4,475 feet. Continental expects estimated ultimate recovery of 940K gross Boe per well in the oil fairway of the play for a well with a 4,500-foot lateral section. In November, Continental plans to commence drilling its first extended lateral well in the Springer play, with a planned lateral length of 7,500 feet. The company expects an average EUR of approximately 1.6M gross Boe for extended lateral wells of this length, reflecting the 67% longer lateral. Continental's current Springer production is approximately 6K net Boe/d per day or 9.2K gross Boe/d, of which approximately 70% is crude oil. The company currently has nine operated drilling rigs active in the Springer play.
07:01 EDTCLRContinental Resources initiated with a Positive at Susquehanna
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October 22, 2014
10:09 EDTCHKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
08:14 EDTCHKChesapeake upgraded at UBS
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06:49 EDTCHKChesapeake upgraded to Buy from Neutral at UBS
October 21, 2014
12:06 EDTHALStocks with call strike movement; HAL EOG
Halliburton (HAL) January 60 call option implied volatility decreased 8% to 60, EOG Resources (EOG) January 105 call option implied volatility decreased 4% to 31 according to IVolatility.
10:00 EDTHALOn The Fly: Analyst Upgrade Summary
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06:15 EDTHALHalliburton upgraded to Buy from Neutral at Guggenheim
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October 20, 2014
09:22 EDTHALOn The Fly: Pre-market Movers
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09:22 EDTHALHalliburton sees Q4 North American revenue and margins flat to modestly higher
09:21 EDTHALHalliburton expects dividend to be be equal to at least 15%-20% of net income
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09:15 EDTHALHalliburton: We do not see momentum slowing anytime soon
Halliburton should begin to see impact of new contract pricing as company moves into 2015. Experienced some disruptions in early Q3 due to sand deliveries and nearly missed jobs, but company said it has taken actions to "get ahead of this issue going forward." Says Eastern Hemisphere activity expanding at a steady rate, expects to deliver double digit revenue growth in 2014. Expects Q4 in Eastern Hemisphere to be strongest quarter of the year due to seasonality. Looking ahead to 2015, rate of growth in Eastern Hemisphere may moderate due geopolitical issues. Expects to outpace peers in revenue growth. Expects to be at full operational capacity in Mexico, and excited about energy reform in Mexico. Expects to operate under more profitable contract in Q1 for Brazil. Expects a "much stronger 2015" with potential in the coming years. In the long term, believes lower oil prices is not sustainable, with supply and demand to be back in balance in a relatively short amount of time. Comments taken from Q3 earnings conference call.
07:03 EDTHALHalliburton reports Q3 C&P revenue $5.4B, D&E revenue $3.3B
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07:02 EDTHALHalliburton reports Q3 EPS ex-items $1.19, consensus $1.10
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06:55 EDTHALHalliburton board increases quarterly dividend by 20% to 18c
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October 17, 2014
17:50 EDTSLBSchlumberger is inexpensive and has room to rise, Barron's says
Shares of Schlumberger have fallen recently, as has the rest of the energy sector, but the stock has room to rise and is relatively inexpensive compared to its historical valuation, Barron's reports. Revenue growth was strong across the board in the third-quarter, during which several major contracts were won. The stock is also trading at close to 14.5 times analysts’ estimates for the next 12 months’ earnings, well below its historical average of 20, Barron's added. Reference Link
08:58 EDTSLBSchlumberger sees FY15 exploration spending flat
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08:48 EDTSLBSchlumberger sees 5c-7c EPS growth in Q4 vs. Q3
Sees Libya and Russia continuing to have an affect on earnings during Q4. Libya's Q3 activity was down 50% year over year.
08:47 EDTSLBSchlumberger sees international earnings growth in FY15
Schlumberger management stated that Russian sanctions has a 2c per share impact on Q3. The company will re-size Libyan resources and oil rigs in Iraq are slowly going back into operation. Management stated that the company did several deals for artificial lift work. The company's outlook for global GDP growth softened slightly. The company sees Brent oil prices recovering and stabilizing. Management stated that global economic recover is remains intact. The company stated that global spare oil capacity is not increasing. Management stated that 10 new deep-water rigs are scheduled for delivery in Q4. The company sees a 6% decline in deep-water drilling, primarily driven by Brazil. The company sees FY15 deep-water drilling flat. The company sees FY 14 exploration spending down 4%-5%. Comments made during Q3 earnings conference call.
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