Posts for Ticker ‘ALY’

Allis-Chalmers… Too Little, Too Late? (ALY)

Oil_well_image_2We noted this morning that Allis-Chalmers Energy Inc. (NYSE:ALY) had been downgraded and that the oil field services sector as a whole faced a more general turn south from at least S&P with warnings of more oil drillers and services sector company downgrades. In an effort to stop the bleeding, Allis-Chalmers announced cost reduction steps that it says will reduce its costs by $21.7 million annually. Included in that number are 235 jobs that will be cut.

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Posted on: February 6, 2009 – 10:25 am in Oil & Gas,

Oil Services & Drillers Brace For S&P Ratings Cut (ALY, HERO, PKD)

Oil_well_imageStandard & Poor’s Ratings Services downgraded several oilfield services and drilling companies.  Among the companies the ratings agencies took action were Allis-Chalmers Energy Inc. (NYSE: ALY), Hercules Offshore Inc. (NASDAQ: HERO) and Parker Drilling Co. (NYSE: PKD).  The problem is that it does not stop here.  S&P said its review is not over and it expects more negative ratings actions over the coming days.

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Posted on: February 5, 2009 – 4:39 pm in Analyst Calls, Bonds, Oil & Gas, , ,

Pre-Market Analyst Calls (June 5, 2007)

AAP raised to Neutral at JPMorgan.
ALDN cut to Mkt Perform at FBR.
ALY started as Outperform at Wachovia.
BEBE cut to Mkt Perform at FBR.
BEN cut to Underweight at JPMorgan.
BHP raised to Buy at Citigroup.
CPO started as Buy at BB&T.
CRZO started as Buy at Sun Trust Robinson Humphrey.
FIF raised to Outperform at Piper Jaffray.
HAS cut to Underweight at JPMorgan.
JNPR cut to Neutral at UBS.
OCNF started as Buy at Cantor Fitzgerald.
OHI started as Neutral at UBS.
OPWV cut to Underweight at JPMorgan; cut to Underperform at CIBC.
ORBC started as Mkt Perform at Piper Jaffray.
REG started as Neutral at Baird.
SFLY started as Strong Buy at JMP Securities.
SWIR raised to Outperform at CIBC.
SLR raised to Neutral at Credit Suisse.
TELK cut to Mkt Perform at Wachovia.
TRMP cut to Underperform at Bear Stearns.
WRI started as Outperform at Baird.
XEC cut to Neutral at UBS.

Jon C. Ogg
June 5, 2007

Posted on: June 5, 2007 – 6:37 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , ,