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…
This 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…
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…
Well 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…
The 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…
Precision 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…
These 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…
This 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…
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)…
Two 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…
Several 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…
These 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…
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…
National 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…
S&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…
