2:24pm ET
Energy
Oil Field Services: Earnings Preview and Value Choice (SLB, HAL, BHI, OIH)
The number of oil and gas drilling rigs in the U.S. is down by 188 at last count, with gas drilling rigs down by 514 and oil rigs up by 331. The…
HAL Coverage Page 27
8:29am ET
Investing
Top Analyst Upgrades and Downgrades (ABV, BHI, C, HAL, HTLF, HLSS, KR, PNW, RVBD, SLB, S, TEVA, WPI, WFT)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday. AmBev (NYSE: ABV) named Bear of the Day at Zacks. Baker…
6:23am ET
Investing
Media Digest (10/15/2012) Reuters, WSJ, FT, Bloomberg
Softbank is near a deal to buy 70% of Sprint Nextel Corp. (NYSE: S) for $20 billion. (Reuters) Microsoft Corp. (NASDAQ: MSFT) releases an Xbox and Windows-based music service to compete with Apple Inc.…
4:05pm ET
Investing
24/7 Wall St. Closing Bell — September 20, 2012: Markets Close on Mixed Note (NSC, MS, COH, HAL, AWK, LTD, ADBE, BBBY, CAG, JEF, RAD, ORCL, CTAS, KBH, TRLA, ASTI, QCOR)
The three major U.S. stock indexes opened lower this morning following mostly weak reports on European PMI (more coverage here). The reading on U.S. PMI was unchanged from last month (more coverage…
8:11am ET
Investing
Top Analyst Upgrades and Downgrades (ADBE, ATK, AWK, C, CLH, COH, GS, HAL, LM, LTD, MAR, MS, NSC, NVE, QCOR, TYC)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday. Adobe Systems Inc. (NASDAQ: ADBE) raised to Outperform at RBC Capital Markets.…
1:47pm ET
Energy
North American Rig Count Drops by 16 (BHI, SLB, HAL, OIH)
Baker Hughes Incorporated (NYSE: BHI) has reported that the North American rig count totaled 2,232 this week, down from 2,240 the week before and down from 2,483 in the same period a…
12:18pm ET
Energy
Foreign Drilling Rig Count Falls in July (BHI, PBR, SLB, HAL, WFT)
Oil field services company Baker Hughes Inc. (NYSE: BHI) this morning reported that its count of foreign oil & gas drilling rigs fell from 1,285 in June to 1,264 in July. June’s…
1:52pm ET
Energy
North American Drilling Rig Count Falls
Baker Hughes Incorporated (NYSE: BHI) has announced that despite the rise in oil prices, its count on rigs fell in the last week. The services firm reported that the North American rig…
8:10am ET
Investing
U.S. Stocks to Open Lower on European Debt Fears
U.S. stocks are set to fall sharply at the open Monday, following a global sell-off on heightened fears that Spain will need a full sovereign bailout similar to those taken by Greece…
7:48am ET
Energy
Oil Field Services Firms Beat Estimates Despite U.S. Weakness
Two of the world’s largest oil field services firms reported earnings this morning: Baker Hughes Inc. (NYSE: BHI) and Schlumberger Ltd. (NYSE: SLB). Both handily beat earnings per share (EPS) and revenue…
1:04pm ET
Investing
Hedge Fund Manager Leon Cooperman Delivers ‘Alpha’ Stock Picks (COF, ESRX, GCI, HAL, KMI, MET, QCOM, WPI, WU)
Hedge fund manager Leon Cooperman, who is chairman and CEO of Omega Advisors, remains bullish on select equity investments. In a presentation at CNBC’s ‘Delivering Alpha’ conference this Wednesday, Mr. Cooperman’s take…
10:13am ET
Energy
Warning from Nabors Highlights Concerns for Oil Field Services Results
Oil and gas driller Nabors Industries Ltd. (NYSE: NBR) warned this morning that the company expects second-quarter operating results to miss consensus estimate, mainly as a result of higher costs: The shortfall…
8:24am ET
Investing
Top Analyst Upgrades & Downgrades (AA, ALKS, AMZN, AAPL, BHP, CENX, CLF, CRK, DNDN, DUK, EMC, FST, HAL, IBM, MSFT, PAL, SAP, SPLS, WM)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Alcoa Inc. (NYSE: AA) Cut to Underperform at BMO Capital Markets. Alkermes,…
1:02pm ET
Jobs
Norway Prepares to Lockout Offshore Oil Field Workers
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
12:13pm ET
Energy
Energy Producer to Expand Capex Spending $600 Million (ECA, BHI, HAL, SLB, GST, EOG, GDP, CHK)
Canadian-based oil & gas producer Encana Corp. (NYSE: ECA) announced today that it planned to expand its 2012 capital spending budget by $600 million in order for the company “to take advantage…