Oil and Gas Equipment and Services
(CLB) Core Laboratories N.V. Posts Stellar First Quarter Earnings
Oilfield service company, Core Laboratories N.V. (CLB) reported excellent first quarter 2013 results, highlighting global deepwater hydrocarbon developments. Quarterly earnings per share (EPS) came in at $1.22, surpassing the...3May2013 | vitalstocks | Comments Off | Continued
(HAL) Will Halliburton Report a Rare Earnings Miss?
Major oilfield services provider Halliburton Co. (HAL) is set to release its first-quarter 2013 results before the opening bell on Monday, Apr 22. In the preceding three-month period, Halliburton delivered a positive 3.28% earnings...2May2013 | vitalstocks | Comments Off | Continued
(CAM) Cameron International Earnings and Revenue Miss
Oil drilling equipment maker Cameron International Corp. (CAM) reported first quarter earnings per share – excluding charges – of 70 cents, missing the Zacks Consensus Estimate by 4 cents. The weaker-than-expected results were...2May2013 | vitalstocks | Comments Off | Continued
(SLB) Schlumberger Earnings Preview
Leading oilfield services company, Schlumberger Limited (SLB) is set to report its first-quarter 2013 results on Apr 19, 2013. Let’s see how things are shaping up prior to the announcement. In the last quarter, the company’s...27Apr2013 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Jumps by 33
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This upside can be mainly attributed to an increase...24Apr2013 | vitalstocks | Comments Off | Continued
(FTI) FMC Technologies Touches 52-Week High
Shares of oil drilling equipment maker FMC Technologies Inc. (FTI) soared to a 52-week high of $55.32 on Wednesday, Apr 10, 2013, on the back of several positive developments. The closing price of the Houston-based company on that...18Apr2013 | vitalstocks | Comments Off | Continued
(FTI) FMC Technologies Inks Deal with Statoil ASA
Oil drilling equipment maker FMC Technologies Inc. (FTI) has inked a deal with Norway’s Statoil ASA (STO), an integrated oil and gas company, for the supply of additional...18Apr2013 | vitalstocks | Comments Off | Continued
(BHI) A New Low for Natural Gas Rig Count
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...10Apr2013 | vitalstocks | Comments Off | Continued
(FTI) FMC Technologies Signs $130 Million Deal With Petrobras
Oil drilling equipment maker FMC Technologies Inc. (FTI) has entered into a deal with Brazil’s state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR)...30Mar2013 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Falls by 4
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...18Mar2013 | vitalstocks | Comments Off | Continued
(OII) Oceaneering International Inks Deal with RIG Unit
Oilfield services company, Oceaneering International Inc. (OII) announced that it has won a contract from one of the affiliates of offshore drilling giant Transocean Ltd. (RIG),...20Feb2013 | Shawn | Comments Off | Continued
(FTI) FMC Technologies Wins Subsea Contract
Oil drilling equipment maker FMC Technologies Inc. (FTI) entered into a deal with energy major BP Plc (BP) for the manufacture and supply of subsea equipment. Per...18Feb2013 | Shawn | Comments Off | Continued
(CAM) Cameron International Just Misses – Grows Year over Year
Oil drilling equipment maker Cameron International Corp. (CAM) reported fourth quarter earnings per share – excluding charges – of 95 cents, missing the Zacks Consensus Estimate by a penny. The weaker-than-expected results were...10Feb2013 | Shawn | Comments Off | Continued
(SLB) Schlumberger Limited Reiterated at Neutral
On Jan 31, we reaffirmed our Neutral recommendation on the leading oilfield services company Schlumberger Limited (SLB), following its fourth quarter results. The company’s strong performances in the Gulf of Mexico (GoM) region,...4Feb2013 | Shawn | Comments Off | Continued
(BHI) Baker Hughes – Bear of the Day
We are downgrading our recommendation on Baker Hughes Inc. (BHI) to Underperform from Neutral ahead of its fourth quarter results. The company’s third-quarter 2012 results suffered from the discrepancies in the North American Pressure...23Jan2013 | Shawn | Comments Off | Continued
(CLB) Core Laboratories N.V. Hikes Dividend by 14.2%
Oilfield service company Core Laboratories N.V. (CLB) increased its quarterly common stock dividend by 14.2% to 32 cents per share ($1.28 per share annualized). The new dividend will be paid on February 22, 2013 to shareholders of...16Jan2013 | Shawn | Comments Off | Continued
(WFT) Weatherford International – Bear of the Day
We are maintaining our recommendation on Weatherford International (WFT) at Underperform. Operating results in the third quarter were challenging, and several one-time or transitory issues impacted the results. The company expects its...15Jan2013 | Shawn | Comments Off | Continued
(FTI) FMC Technologies Inks Deal with Statoil
Oil drilling equipment maker FMC Technologies, Inc. (FTI) has entered into a deal with Norwegian oil and gas firm Statoil ASA (STO) for the supply of additional subsea...1Jan2013 | Shawn | Comments Off | Continued
(BHI) U.S. Rig Count Falls Again
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to a decrease in the...17Dec2012 | Shawn | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Falls by Six
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be...5Dec2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Rises by Three
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This upside can be attributed to an increase in...3Dec2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Rises to 1806
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This upside can be attributed to an increase in...15Nov2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Falls by 26
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to cutbacks in the tally...8Nov2012 | vitalstocks | Comments Off | Continued
(WFT) Weatherford International – Bear of the Day
We are maintaining our recommendation on Weatherford International Ltd. (WFT) at Underperform following the delay in the reporting of income taxes due to the material weakness in internal controls. Weatherford expects weather-related...15Oct2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Drilling Rig Count Down to 1859
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to cutbacks in the tally...9Oct2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Falls by 11
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This fall can be attributed to cutbacks in the tally...9Oct2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Dips Further
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to cutbacks in the tally...4Oct2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Holds Steady at 1864
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as an increase in the number of oil rigs was offset...19Sep2012 | vitalstocks | Comments Off | Continued
(BHI) U.S. Oil Drilling Rig Count Freefall Continues
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to a decrease in the tally...12Sep2012 | vitalstocks | Comments Off | Continued
(DRQ) Dril-Quip – Petroleo Brasileiro S.A. in $650 Million Deal
U.S. equipment supplier Dril-Quip, Inc.’s (DRQ) wholly owned subsidiary — Dril-Quip do Brasil LTDA — has clinched a $650 million contract awarded by Brazil’s state owned energy company Petroleo Brasileiro S.A....28Aug2012 | vitalstocks | Comments Off | Continued