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Stock Market & Financial Investment News

News Breaks
March 18, 2013
13:32 EDTHAL, PDE, RIG, WFT, BHI, SLB, DO, NBR, RDCOil services stocks fall after Schlumberger calls North America weak
A number of oil services stocks are falling after the leader in the sector, Schlumberger (SLB), stated on slides for the Howard Weil Conference that activity in North America has been below expectations in the first quarter. The company's customers have activated fewer rigs on the continent than they had previously indicated, Schlumberger explained. Schlumberger also stated that it was temporarily reducing its activity in Venezuela due to "collection issues." The company forecast that its earnings per share would grow by double digit percentage levels this year, in-line with its previous outlook, as long as North American land activity and prices meet its previous forecast and issues resolve in Venezuela. Meanwhile, the company forecast that demand for oil would increase just 1% in 2013 compared to 2012. The increase will be driven by developing markets, with China generating 50% of the growth, Schlumberger stated. In mid-afternoon trading, Schlumberger fell 3% to $77, Baker Hughes (BHI) gave back 2% to $47, Weatherford (WFT) lost 1.5% to $12, and Halliburton (HAL) lost 1.6% to $41.23.
News For SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO From The Last 14 Days
Check below for free stories on SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO the last two weeks.
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April 17, 2014
06:33 EDTBHIBaker Hughes reports Q1 adjusted EPS 84c, consensus 78c
Reports Q1 revenue $5.73B, consensus $5.71B. Martin Craighead, Baker Hughes chairman and CEO stated, "This quarter we delivered an increase in profit margins and earnings. Our performance is the result of actions to optimize operational efficiency, along with increasing demand for several innovative new product offerings. The benefit of these actions can be seen in our North America operations this quarter. On an adjusted basis, this segment delivered 200 basis points of margin improvement, despite a drop in well count caused by poor weather in the Rockies and northeast U.S. Outside of North America, our operations experienced the typical seasonal decline in product sales to start the year, along with severe weather conditions in the North Sea and Russia, leading to a 5% sequential drop in revenue for our international business. However, resumption of our activity in Iraq, along with increased demand for high technology services in Africa, the Middle East, and Asia Pacific, led to a 6% sequential increase in international adjusted operating profit."
05:36 EDTSLBSchlumberger reports Q1 EPS ex-items $1.21, consensus $1.20
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03:34 EDTRIGStocks with implied volatility movement; IRM RIG
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April 16, 2014
15:17 EDTSLBNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 32c; Philip Morris (PM), consensus $1.16; Schlumberger (SLB), consensus $1.20; PepsiCo (PEP), consensus 75c; Union Pacific (UNP), consensus $2.37; UnitedHealth (UNH), consensus $1.09; Honeywell (HON), consensus $1.26; Goldman Sachs (GS), consensus $3.44; du Pont (DD), consensus $1.59; Morgan Stanley (MS), consensus 60c; Danaher (DHR), consensus 80c; BlackRock (BLK), consensus $4.14; Blackstone (BX), consensus 55c; Chipotle Mexican Grill (CMG), consensus $2.86; Mattel (MAT), consensus 9c; Snap-on (SNA), consensus $1.54; AutoNation (AN), consensus 74c.
08:36 EDTHALHalliburton April weekly volatility elevated, shares near record high into Q1
Halliburton April weekly call option implied volatility is at 31, July is at 22, October is at 23; compared its 26-week average of 25 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 21.
April 15, 2014
10:09 EDTSLBSchlumberger April volatility increases, shares near 66-month high into Q1
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April 14, 2014
10:02 EDTRIGOn The Fly: Analyst Upgrade Summary
Acorda Therapeutics (ACOR) upgraded to Outperform from Market Perform at FBR Capital... Allegheny Technologies (ATI) upgraded to Neutral from Underperform at Sterne Agee... BP (BP) upgraded to Buy from Hold at Canaccord... Bloomin' Brands (BLMN) upgraded to Buy from Hold at Deutsche Bank... Boardwalk Pipeline (BWP) upgraded to Neutral from Underperform at BofA/Merrill... Boston Scientific (BSX) upgraded at BofA/Merrill... Charles Schwab (SCHW) upgraded to Buy from Neutral at UBS... Citigroup (C) upgraded to Hold from Sell at Rafferty Capital... Community Health (CYH) upgraded to Outperform from Perform at Oppenheimer... Eaton Vance (EV) upgraded to Neutral from Sell at Citigroup... Eli Lilly (LLY) upgraded to Hold from Underperform at Jefferies... F5 Networks (FFIV) upgraded to Buy from Hold at Stifel... HeartWare (HTWR) upgraded to Buy from Neutral at BTIG... Heartland Payment (HPY) upgraded to Hold from Sell at Stifel... Hyatt Hotels (H) upgraded to Outperform from Market Perform at FBR Capital... MasterCard (MA) upgraded to Outperform from Neutral at RW Baird... McDermott (MDR) upgraded to Neutral from Underweight at HSBC... Palo Alto (PANW) upgraded to Overweight at Stephens... PetroChina (PTR) upgraded to Neutral from Underperform at Credit Suisse... Seagate (STX) upgraded to Buy from Hold at Argus... Sensata (ST) upgraded to Buy from Neutral at Citigroup... Stryker (SYK) upgraded to Neutral from Reduce at SunTrust... TD Ameritrade (AMTD) upgraded to Buy from Neutral at UBS... TTM Technologies (TTMI) upgraded to Buy from Hold at Stifel... Transocean (RIG) upgraded to Hold from Sell at Deutsche Bank... VMware (VMW) upgraded to Outperform from Underperform at CLSA... Visa (V) upgraded to Outperform from Neutral at RW Baird... Yahoo (YHOO) upgraded to Buy from Neutral at SunTrust... Zimmer (ZMH) upgraded to Neutral from Reduce at SunTrust... bebe stores (BEBE) upgraded to Buy from Neutral at Janney Capital.
07:03 EDTNBRNabors Industries to separate roles of Chairman of the Board and CEO
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05:34 EDTRIGTransocean upgraded to Hold from Sell at Deutsche Bank
Deutsche Bank upgraded Transocean to Hold with a $45 price target citing valuation and the company's strong backlog.
April 11, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 13 to 1831
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10:35 EDTNBRHigh option volume stocks: HZNP NI IPG CYTR SNV NBR
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06:01 EDTBHIBaker Hughes reports Q1 well count increases Q4 YoY
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April 8, 2014
09:06 EDTBHIBaker Hughes acquires Perfomix
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April 7, 2014
11:17 EDTDODiamond Offshore upgraded to Buy from Hold at Standpoint Research
10:00 EDTRDCOn The Fly: Analyst Downgrade Summary
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06:20 EDTBHIBaker Hughes announces March international rig count up 4 to 1,345
Baker Hughes announced that the international rig count for March was 1,345, up 4 from the 1,341 counted in February, and up 77 from the 1,268 counted in March 2013. The international offshore rig count for March 2014 was 334, up 16 from the 318 counted in February, and up 18 from the 316 counted in March 2013. The average U.S. rig count for March was 1,803, up 34 from the 1,769 counted in February, and up 47 from the 1,756 counted in March 2013. The average Canadian rig count for March was 449, down 177 from the 626 counted in February, and down 15 from the 464 counted in March. The worldwide rig count for March was 3,597, down 139 from the 3,736 counted in February, and up 109 from the 3,488 counted in March 2013.
06:09 EDTRDCRowan downgraded to Underweight from Equal Weight at Morgan Stanley
Morgan Stanley downgraded Rowan to Underweight from Equal Weight citing execution and jackup market concerns. Price target lowered to $33 from $42.
April 4, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 9 to 1818
Baker Hughes says the U.S. Rig Count is up 9 rigs from last week to 1818, with oil rigs up 11 to 1498, gas rigs down 2 to 316, and miscellaneous rigs unchanged at 4. The U.S. Rig Count is up 80 rigs from last year at 1738, with oil rigs up 141, gas rigs down 59, and miscellaneous rigs down 2. The U.S. Offshore rig count is 47, down 3 rigs from last week, and down 1 rig year over year.

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