Brazil’s Petroleo Brasileiro SA (NYSE: PBR), commonly called Petrobras, has approved a plan it announced last September to spend $224.7 billion developing an estimated 5 billion barrels of reserves. The spending, which…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Barclays PLC (NYSE: BCS) Cut to Neutral at HSBC. Biogen Idec…
Late Wednesday night, natural gas prices inexplicably dropped by about 8% on the NYMEX, well after the exchange had closed for the day. It took only a few seconds for the price…
Two weeks ago, Federal Judge Martin Feldman told the Obama administration to act within 30 days on a number of drilling permits for the deepwater Gulf of Mexico. The Bureau of Ocean…
Today’s announcement of a definitive merger agreement between Ensco plc (NYSE: ESV) and Pride International Inc. (NYSE: PDE) is the first major deal among offshore drillers since the Macondo well explosion last…
These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Aeropostale, Inc. (NYSE: ARO) Cut to Underperform at Wells Fargo. Anadarko Petroleum Corporation (NYSE:…
Meet the Nine Worst Performers Of The S&P 500, the broadly followed stock market index, that analysts expect will improve next year.  The reasons why they are in the Wall Street dog house…
How investors view the oil field services business depends a lot on whether a company is heavily involved in offshore drilling. Onshore drillers have seen share prices rise steadily as production companies…
These are some of the top analyst upgrades, downgrades and initiations we have seen from Wall Street research calls this Tuesday morning: ABB Ltd. (NYSE: ABB) Raised to Buy at Goldman Sachs.…
These are this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls during the pre-market hours: Alcatel-Lucent (NYSE: ALU) Cut to Neutral at Goldman Sachs. Ann Taylor (NYSE:…
Goldman 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…
Two oilfield services players reported earnings this morning. National Oilwell Varco, Inc. (NYSE:NOV) and Diamond Offshore Drilling Inc. (NYSE:DO) both beat expectations, but only Diamond is getting a boost this morning.
Transocean Ltd. (NYSE:RIG) followed in the footsteps of competitors Diamond Offshore Drilling Inc. (NYSE: DO) and Schlumberger Ltd. (NYSE: SLB), reporting fourth quarter and full-year results that missed expectations. Transocean announced net…
Diamond Offshore Drilling, Inc. (NYSE:DO) reported fourth quarter EPS of $2.11 on revenue of $903.2 million. Analysts had been expecting EPS of $2.34 on revenue of $912.42 million. For the full year,…
These are some of the top pre-market analyst upgrades and positive research calls we are seeing from Wall Street this Wednesday morning: Baidu.com (BIDU) Started as Outperform at Bernstein. Best Buy (BBY)…
