All Posts Tagged With: "RDC"
(CHK) Chesapeake Energy Service Business to Go Public
Chesapeake Energy Corporation (CHK) is contemplating to squeeze value from its oil-field service business – Chesapeake Oilfield Services LLC – by spinning it off in a public stock offering. The company aims to create value for investors and enhance the share price of the...
18Nov2011 | vitalstocks | 0 comments | Continued(PBR) Oil Industry Mergers and Acquisitions 2011
by Justin Dove, Investment U Research Monday, September 12, 2011 Oil Services Industry Set for “Gusher Of Profits” As Ian Cooper’s recent article for Wealth Daily stated, the world isn’t necessarily running out of oil. It’s running out of “easy to get” oil. Oil...
14Sep2011 | InvestmentU | 0 comments | Continued(JOYG) Joy Global Buys Rowan’s LeTourneau
Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1 billion in cash. The company had agreed to buy Rowan’s LeTourneau assets in May 2011. LeTourneau remains engaged in the manufacturing of...
26Jun2011 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Concludes LeTourneau Sale
Rowan Companies, Inc. (RDC) wrapped up the asset sale deal with a leading mining equipment maker, Joy Global Inc. (JOYG) for its manufacturing unit, LeTourneau Technologies, Inc. The all-cash transaction worth $1.1 billion is subject to adjustment mentioned in the Stock Purchase...
24Jun2011 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Beat Estimates on Bottom Line
Rowan Companies Inc. (RDC) recorded adjusted first-quarter 2011 earnings of 49 cents per share, breezing past the Zacks Consensus Estimate of 30 cents but showing deterioration from the year-earlier profit of 56 cents. Total revenue improved 15.8% year over year to $364.3 million...
3May2011 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Analyst Reiterates Shares at Neutral
We maintain our Neutral recommendation on Rowan Companies Inc. (RDC) given its impressive fourth-quarter 2010 results, which comfortably beat both earnings and revenue estimates. We remain on the sidelines owing to the possible oversupply of global jackups in the next few years,...
3Apr2011 | vitalstocks | 0 comments | Continued(AMZN) Stock Market News for March 30, 2011 – Market News
Investors shrugged off disappointing domestic data as energy and technology boosted the indices to highest levels since Libyan violence started dampening the markets last month. However, volumes once again remained low and reflected investor cautiousness ahead of earnings results. The...
30Mar2011 | vitalstocks | 0 comments | Continued(APC) Stock Market News for March 22, 2011 – Market News
Markets ended in the green for the third consecutive day as indices moved higher on Monday, bolstered by bullish sentiments over big ticket mergers and acquisitions. Signs of the nuclear crisis in Japan stabilizing added to the cheer and the Dow crossed its psychological mark...
22Mar2011 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Analyst Maintains Neutral Rating on Shares
We maintain our Neutral recommendation for Rowan Companies Inc. (RDC) following better-than-expected third-quarter results. Revenue was up more than 11% year over year. The company is confident of adding backlog on several high-spec jackups in the near term. This was affirmed...
26Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Uptick Continues
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), reflecting intensified drilling activity. Rigs exploring and producing in the U.S. totaled 1,567...
25Jul2010 | vitalstocks | 0 comments | Continued(RIG) Oil & Gas Industry Stock Review – July 2010 – Industry Outlook
OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level in late April/early May 2010. However, in recent days, concerns about the European debt...
23Jul2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil / Natural Gas Drilling Rig Count Inches Ahead
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), reflecting intensified drilling activity despite recent price declines for both commodities. Rigs...
6Jul2010 | vitalstocks | 0 comments | Continued(BHI) U.S Drilling Rig Count Continues Moving Up
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), reflecting intensified drilling activity in Texas. This was partly offset by the growing oil...
21Jun2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Up Despite BP Spill
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), reflecting intensified drilling activity in Texas . This was partly offset by the growing oil...
14Jun2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Gulf of Mexico Drilling Ban Pulls Down U.S. Rig Count
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting the growing oil spill in the U.S. Gulf of Mexico (GoM) and ensuing drilling ban in...
7Jun2010 | vitalstocks | 0 comments | Continued(PDE) Pride International Quarterly Earnings Beat Expectations
Pride International Inc. (PDE) reported significantly better-than-expected first quarter results. Quarterly earnings was 45 cents per share, compared with the Zacks Consensus Estimate of 30 cents and the year-earlier earnings of 84 cents. The company expects second-quarter earnings...
3May2010 | vitalstocks | 0 comments | Continued(RDC) Rowan Companies Beats Consensus Estimates
Rowan Companies Inc. (RDC) reported better-than-expected fourth quarter 2009 results. Quarterly earnings were 52 cents per share versus the Zacks Consensus Estimate of 50 cents and year-earlier earnings of $1.28. Revenue for the quarter was $399.8 million, down approximately...
1Mar2010 | vitalstocks | 0 comments | Continued