Posts for Ticker ‘HAL’

Top 10 Analyst Upgrades, Downgrades, Initiations (MT, BMRN, ELN, FITB, FSLR, GCI, GT, HAL, PVTB, URBN)

These are this Thursday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen in early research calls from Wall Street:

ArcelorMittal (NYSE: MT) Raised to Buy at Societe Generale.
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) Raised to Outperform at Credit Suisse.
Elan Corp. plc (NYSE: ELN) Cut to Neutral at UBS.
Fifth Third Bancorp Raised To Outperform From Neutral By Baird
First Solar Inc. (NASDAQ: FSLR) Cut to Neutral at BofA/Merrill.
Gannett Co. (NYSE: GCI) Cut to Underperform at Wells Fargo.
Goodyear Tire (NYSE: GT) Cut to Underperform at BofA/Merrill.
Halliburton Co. (NYSE: HAL) Started as Outperform at Wells Fargo.
PrivateBancorp Inc. (NASDAQ: PVTB) Cut to Neutral at JPMorgan.
Urban Outfitters (NASDAQ: URBN) Raised to Overweight at Thomas Weisel.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: October 29, 2009 – 7:45 am in Analyst Calls, , , , , , , , , ,

Next Week’s Top 11 Earnings (INTC, JNJ, ABT, JPM, C, GS, GOOG, IBM, BAC, GE, HAL)

Bull and Bear ImageWe may have had earnings season officially start with Alcoa this week, but next week will be the real week for the launch of earnings season.  We now have an index to track the top 500 companies by market cap on a real-time basis via the 24/7 Wall St. Real-Time 500, and these top 10 earnings next week are generally among the top market caps and/or trading volumes.  In technology we have to look forward to Intel Corporation (NASDAQ: INTC), Google Inc. (NASDAQ: GOOG), and IBM (NYSE: IBM).  General Electric Co. (NYSE: GE) is the conglomerate and Halliburton Company (NYSE: HAL) is the oil entrant.  Financial leaders JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Goldman Sachs Group (NYSE: GS), and Bank of America Corporation (NYSE: BAC) are all due.  Tied to BioHealth are Johnson & Johnson (NYSE: JNJ) and Abbott Laboratories (NYSE: ABT) on deck.

We have detailed the estimates on an earnings basis as far as estimates from Thomson Reuters, and we have also included how much these stocks have rallied since the start of the July quarter and how much these are up from the March 9 closing date that has been widely recognized as the last day of the mayhem before the rapid snap-back rally came into play.
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Posted on: October 9, 2009 – 12:33 pm in Banking, Calendar, Conglomerates, Drug companies, Earnings, Financial Stocks, Internet, Technology Companies, , , , , , , , , , ,

Media Digest 7/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Microsoft (MSFT) is putting more R&D in India.

Reuters:   CIT (CIT) confirmed that it rasied $3 billion.

Reuters:   Bernanke said Fed can control inflation.

Reuters:   California lawmakers agreed to a state budget.

Reuters:   Small business  groups are  seeking help to keep companies afloat.

Reuters:    TI (TXN) profits and outlook beat expectations. Read More »

Posted on: July 21, 2009 – 2:53 am in Banking, Compensation, Drug companies, Earnings, Healthcare, Housing, Internet, Media, Oil & Gas, Old Media, Press Digest, Research, , , , , , , , , , , , , , , , , , ,

Goldman Sachs Mixes Calls in Oil and Utilities (RIG, PTEN, HAL, OIS, NBR, DO, FTI, WR, NRG, NVE)

Oil Well ImageGoldman Sachs has made several key upgrades and downgrades this morning in the utility sector and in the oil patch.  While the utility sector was raised to attractive, some of the other calls seem more mixed on the surface in the oil patch.

Transocean (NYSE: RIG) was one of the few real upgrades as shares were raised to Buy from Neutral.  Patterson-UTI (NASDAQ: PTEN) and Halliburton (NYSE: HAL) were cut to Neutral, while Oil States International (NYSE: OIS) was cut to Sell.  Nabors Industries (NYSE: NBR) was cut to Sell from Neutral.  Diamond Offshore (NYSE: DO) and FMC Technologies (NYSE: FTI) were both upgraded, but only to Neutral from Sell.

Westar Energy (NYSE: WR) and NRG Energy (NYSE: NRG) were both raised to Buy, while NV Energy (NYSE: NVE) was cut to Neutral.

Jon C. Ogg
June 25, 2009

Posted on: June 25, 2009 – 7:22 am in Analyst Calls, Oil & Gas, Utilities, , , , , , , , , ,

T. Boone Pickens & BP Updated Stock Holdings (ANR, APC, COG, CHK, CNX, DVN, FLR, FWLT, HAL, MEE, OXY, STR, SLB, SU, RIG, WFT)

Pickens PicThis morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P.,  as of March 31, 2009.  Some of the higher stakes look to be in Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN), Suncor Energy Inc. (NYSE: SU), and Transocean Ltd. (NYSE: RIG).  Here is the full list of holdings for Pickens’ BP Capital with the implied value as of the reporting dat of March 31:

Posted on: May 15, 2009 – 11:37 am in Activist Investor, Insider Activity, Mutual Funds, Oil & Gas, , , , , , , , , , , , , , , ,

Williams, Other Services Companies in Venezuela’s Sights (WMB, HAL, SLB, BJS, BHI)

The Venezuelan government passed a law permitting the nationalization of oil field services companies, compensating companies for expropriating assets by issuing bonds instead of paying with cash. The law could even lead to the annulment of existing contracts.  Williams Companies (NYSE:WMB) appears to be the first target, and Halliburton Company (NYSE:HAL), Schlumberger Ltd. (NYSE:SLB), BJ Services Company (NYSE:BJS), and Baker Hughes Inc. (NYSE:BHI) could all be on the list.

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Posted on: May 8, 2009 – 9:55 am in Emerging Markets, Oil & Gas, Politics, , , , ,

Trouble Continues in Oilfield Services (SII, HAL, WFT, SLB)

oil-well-image11Well drilling and completion services just aren’t paying off for anyone this reporting season. Smith International Inc. (NYSE:SII) reported diluted EPS of $0.44 on revenues $2.41 billion. After deleting a restructuring charge of $34.8 million, EPS reaches $0.52. First quarter 2008 EPS was $0.87 on $2.37 billion in revenue.

Like its brethren oilfield services providers Halliburton Company (NYSE:HAL), Weatherford International Ltd. (NYSE:WFT), and Schlumberger Ltd. (NYSE:SLB), lowered targets didn’t rescue Smith.

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Posted on: April 27, 2009 – 8:38 am in Earnings, Oil & Gas, , , ,

Schlumberger Sort of Beats Low Expectations (SLB, HAL, WFT)

oil-well-image8The world’s largest oilfield services company, Schlumberger Ltd. (NYSE:SLB), reported earnings this morning. The resemblance to the earnings reports from Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE: WFT) from earlier this week is almost spooky.

Analysts had lowered estimates for both revenue and profit, and Schlumberger almost delivered. EPS for the first quarter was $0.78 against estimates of $0.73. Revenue totaled $6.0 billion ($5.44 billion in the services business and the rest from seismic services), which is slightly worse than estimates of $6.04 billion.
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Posted on: April 24, 2009 – 7:43 am in Earnings, Oil & Gas, , ,

Precision Drilling Wins With Grey Wolf Addition (PDS, BJS, HAL, WFT)

oil-well-image4Precision Drilling Trust (NYSE:PDS) reported net first quarter 2009 earnings per common unit of about $0.26, off 62% from the same period a year ago. Revenues grew almost 31%, from $277 million to $362 million. (Amounts converted from Canadian dollars at US$1=CDN$1.23832.) Analysts had been expecting earnings per unit of $0.36.
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Posted on: April 22, 2009 – 8:54 am in Earnings, Oil & Gas, , , ,

Top Analyst Downgrades (AKS, AFL, CMA, DT, FDX, HAL, FITB, KEY, HOT)

burning-money-pic19These are some of the top pre-market analyst downgrades and negative calls we have seen from Wall Street firms with about two hours until the market open this Wednesday morning:

AK Steel (AKS) Cut to Sell at UBS.
AFLAC (AFL) Cut to Underweight at Barclays.
Comerica (CMA) Cut to Hold at Citigroup.
Deutsche Telekom (DT) was downgraded at both Deutsche Bank and JPMorgan after this week’s warning.
FedEx (FDX) Raised to Neutral at BofA-Merrill.
Halliburton (HAL) Cut to Equal Weight at Barclays.
Fifth Third Bancorp (FITB) Cut to Market Perform at BMO.
KeyCorp (KEY) Cut to Hold at Citigroup.
Starwood Hotels (HOT) Cut to Neutral at Baird.

JON C. OGG

Posted on: April 22, 2009 – 6:45 am in Analyst Calls, , , , , , , , ,

Another Oilfield Services Firm Falters (BJS, HAL, WFT, SLB)

burning-money-pic16This is turning into a lousy week for oilfield services company. Today’s really downbeat earnings report from BJ Services Co. (NYSE:BJS) follows on yesterday’s weak reports from Halliburton Co. (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT).
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Posted on: April 21, 2009 – 8:48 am in Earnings, Oil & Gas, , , ,

Top 10 Analyst Upgrades & Downgrades (ATI, APOL, AUO, ABX, BWLD, EXPD, HAL, JCOM, NOK, MTN)

These are the ten top analyst calls we have seen early this Tuesday morning with about two hours until the open:

Allegheny Tech (ATI) Cut to Sell at Citigroup.
Apollo Group (APOL) Started as Buy at Deutsche Bank.
AU Optronics (AUO) Raised to Outperform at Credit Suisse.
Barrick Gold (ABX) Raised to Overweight at Thomas Weisel.
Buffalo Wild Wings (BWLD) Started as Outperform at Oppenheimer.
Expeditors International (EXPD) Cut to Neutral at JPMorgan.
Halliburton (HAL) Cut to Neutral at JPMorgan.
j2 Global (JCOM) Cut to Hold at Jefferies.
Nokia (NOK) Started as Buy at Jefferies.
Vail Resorts (MTN) Cut to Market Perform at Wachovia.

Jon C. Ogg
April 21, 2009

Posted on: April 21, 2009 – 6:51 am in Analyst Calls, , , , , , , , , ,

Halliburton, Weatherford Stumble (HAL, WFT, SLB, OIH)

oil-well-image1Two of the largest oilfield services companies reported first quarter earnings today. Halliburton Company (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT) both came in close to analysts’ estimates, but that doesn’t look like it will satisfy investors. Schlumberger Ltd. (NYSE:SLB) reports earnings on Friday, and until then it will likely get tarred with the same brush as Halliburton and Weatherford.  To show how these are being received, the Oil Services HOLDRs (NYSE: OIH) are down over 3% in pre-market trading indications.
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Posted on: April 20, 2009 – 7:52 am in Earnings, Oil & Gas, , , ,

Margin Squeeze & Contract Changes Up & Down Oil Patch? (TOT, BP, RDS-A, E, SLB, HAL)

offshore-rig-pic52Several of the big oil companies are putting the squeeze on oil field services providers to renegotiate contracts and lower costs for drilling services. BP plc (NYSE:BP), Total SA (NYSE:TOT), and Royal Dutch Shell plc (NYSE:RDS-A) are reportedly asking for reductions of as much as 40% from European contractors Technip SA, CGGVeritas, and Saipem SpA, a subsidiary of Italian oil major Eni SpA (NYSE:E).

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Posted on: April 6, 2009 – 8:18 am in Oil & Gas, , , , , ,

Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)

burning-money-pic15These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning:

  • Apogee (APOG) Cut to Sell at Piper Jaffray.
  • BJ Services (BJS) Cut to Sector Perform at RBC.
  • BJ’s Wholesale (BJ) Cut to Underperform at Credit Suisse.
  • Halliburton (HAL) Cut to Sector Perform at RBC.
  • Key Energy (KEG) Cut to Sector Perform at RBC.
  • Nabors (NBR) Cut to Sector Perform at RBC.
  • Omnicom (OMC) Cut to Sell at Deutsche Bank.
  • Patterson-UTI (PTEN) Cut to Underperform at RBC.
  • PG&E (PCG) Cut to Neutral at Credit Suisse.
  • Schlumberger (SLB) Cut to Sector Perform at RBC.
  • Wal-Mart (WMT) Cut to Hold from Buy at Citigroup.

JON C. OGG

Posted on: March 10, 2009 – 6:41 am in Analyst Calls, , , , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (AMZN, BBY, KO, GENZ, HAL, IPI, RIG, AFL, PBR, VE)

These are some of the top pre-market early bird analyst upgrades and downgrades from Wall Street this Monday morning:

  • Amazon.com (AMZN) Raised to Buy at Piper Jaffray.
  • Best Buy (BBY) Raised to Outperform at William Blair.
  • Coca-Cola (KO) Raised to Outperform at Credit Suisse.
  • Genzyme (GENZ) Raised to Buy at Deutsche Bank.
  • Halliburton (HAL) Raised to Outperform at FBR.
  • Intrepid Potash (IPI) Raised to Outperform at Oppenheimer.
  • Transocean (RIG) Raised to Outperform at FBR.
  • AFLAC (AFL) Cut to Sell at UBS.
  • Petrobras (PBR) Cut to Neutral at JPMorgan.
  • Veolia Environment SA (VE) Cut to Underperform at Credit Suisse.

JON C. OGG

Posted on: March 9, 2009 – 6:42 am in Analyst Calls, , , , , , , , , ,

Good News in Oil Field Services Continues (NOV, HAL, WFT, SLB)

Oil_well_imageNational Oilwell Varco Inc. (NYSE:NOV) reported a solid beat of analysts’ estimates for the fourth quarter. After last week’s surprising earnings from Halliburton Co. (NYSE:HAL) and Weatherford International Limited (NYSE:WFT), National Oil Well Varco’s results were not entirely unexpected.

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Posted on: February 4, 2009 – 9:11 am in Earnings, Oil & Gas, , , ,

The Companies With Dividends That Won’t Be Cut (MSFT)(MCD)(JNJ)(PG)

Cammonopoly_wideweb__430x3250S&P has reported that the dividends of companies in its S&P 500 index are being cut at the fastest rate in fifty years. A report by the Associated Press says that even Dow Chemical (DOW), which has not dropped its dividend since 1912, may need to reduce its payout.

A large number of investors purchased stocks for their yields. People on fixed incomes often use dividend payments to cover basic living expenses. Other investors look at companies paying dividends as "safe havens". Their share prices may go down, but at least holders get a quarterly check. It is a good system until the firms with impressive yields become concerned that they are running low on cash.

24/7 Wall St. examined each company’s sales, operating margins, cash and cash equivalents, long-term debt, receivables and payables, and its overall long-term health and the viability of the markets it does business in, to determine each firm’s ability to pay dividends..

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Posted on: February 1, 2009 – 9:00 pm in Dividend, , , , , , , , , , , , ,

Smith International Sinks on (SII, SLB, HAL, BHI, WFT)

Smith International, Inc. (NYSE:SII) led the parade of oil field services stocks downhill yesterday. Smith opened Thursday more than $1.50/share lower than Wednesday’s close and finished the day even lower. Schlumberger Limited (NYSE:SLB), Baker Hughes Inc. (NYSE:BHI), Halliburton Company (NYSE:HAL), and Weatherford International Ltd. (NYSE:WFT) all followed suit.

Smith reported soft fourth quarter and full year results yesterday. Non-GAAP EPS amounted to $1.00 on income from continuing operations of $218.6 million and revenue of $3.06 billion. Analysts were expecting EPS of $1.02 on revenue of $3.04 billion.

The company’s CFO noted that Smith has "one of the best cash flow downturn profiles in our industry. Over the coming quarters, we would expect to generate significant free cash flow as the business contracts…." She didn’t explain what that means, exactly, but one could interpret it to mean that as economic conditions worsen, Smith will perform better. Sure, we’ll buy that.

Paul AusickAngrybear

Posted on: January 30, 2009 – 12:43 pm in Alternative Energy, , , , ,

Baker Hughes Good Quarter, Bad Forecast (BHI, HAL, WFT, SLB)

Money_stack_pic_4That Baker Hughes Inc. (NYSE:BHI) this morning reported better-than-expected results for its fourth quarter shouldn’t really be a surprise. When Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE:WFT) reported results, the market got its good-news surprise package for the week.

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Posted on: January 28, 2009 – 9:12 am in Earnings, Labor & Unions, Oil & Gas, , , ,