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Patterson-UTI Earnings & Revs Beat – Analyst Blog

Fri, 26 Apr 2013 10:00:01 -0400

Patterson-UTI Energy Inc. reported better-than-expected first-quarter 2013 results.

Patterson-UTI Likely to Top Earnings – Analyst Blog

Tue, 23 Apr 2013 18:10:01 -0400

We expect Patterson-UTI Energy Inc. to beat expectations when the company reports its first-quarter 2013 results before the opening bell on Apr 25, 2013.

BHI Counts Lesser Rigs in Mar – Analyst Blog

Mon, 08 Apr 2013 16:10:01 -0400

In its monthly release, oilfield services provider, Baker Hughes Inc.'s worldwide Rotary Rig Count for Mar 2013 fell to 3,488, down 191 from 3,679 in Feb 2013 and 175 from 3,663 in Mar 2012.

Ensco Remains Neutral – Analyst Blog

Thu, 28 Mar 2013 16:40:01 -0400

We maintained our long-term Neutral recommendation on Ensco plc on Mar 20.

Nabors Upgraded to Neutral – Analyst Blog

Thu, 21 Mar 2013 19:50:01 -0400

On Mar 19, 2013, we upgraded onshore contract driller Nabors Industries Ltd. to Neutral from Underperform.

Hot Option Plays: Fed Stays The Course After Hours

Wed, 20 Mar 2013 17:18:06 -0400

Cusick’s Corner 03-20-2013 After Hours The Fed spoke, their perspective has not changed and into the close the overall market is grinding to new highs of the day. Home Builders, XHB, are really taking off today and that is a huge catalyst for the market. This segment has been a leader and this needs to [...]

Nabors to Pay 4-Cent Dividend – Analyst Blog

Mon, 04 Mar 2013 18:20:01 -0500

Onshore contract driller Nabors Industries Ltd. has announced it will start paying out a portion of its earnings in the form of shareholder dividends.

Transocean Beats EPS, Misses Rev – Analyst Blog

Mon, 04 Mar 2013 09:10:01 -0500

Transocean Ltd. reported better-than-expected fourth-quarter 2012 earnings.

Rowan Beats EPS, Misses Revs – Analyst Blog

Thu, 28 Feb 2013 17:10:01 -0500

Rowan Companies Inc.'s adjusted fourth quarter 2012 earnings from continuing operations came in at 82 cents per share, beating the Zacks Consensus Estimate of 49 cents.

Bearish on Energy Transfer Partners – Analyst Blog

Wed, 27 Feb 2013 15:40:01 -0500

On Feb 25, 2013, we downgraded Texas-based energy transportation and storage partnership Energy Transfer Partners L.P. to Underperform from Neutral.

(PTEN) Opportunity at Patterson-UTI

Wed, 27 Feb 2013 14:45:51 -0500

Shares of Patterson-UTI Energy Inc. (PTEN) hit a 52-week high of $24.64 on Feb 19. In fact, the...

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Opportunity at Patterson-UTI – Analyst Blog

Tue, 26 Feb 2013 17:40:01 -0500

We remain optimistic on onshore contract driller Patterson-UTI Energy's near-term prospects.

NuStar Upgraded to Neutral – Analyst Blog

Mon, 25 Feb 2013 18:45:01 -0500

On Feb 12, 2013, we upgraded San Antonio-based publicly traded partnership NuStar Energy L.P. to Neutral from Underperform, reflecting a balanced risk/reward profile.

NOV Takes Over Robbins & Myers – Analyst Blog

Fri, 22 Feb 2013 15:30:01 -0500

Oilfield services behemoth National Oilwell Varco has closed its previously announced acquisition of Robbins & Myers for about $2.5 billion.

Ensco Profits on Rig Demand – Analyst Blog

Fri, 22 Feb 2013 09:40:01 -0500

Ensco plc reported adjusted fourth quarter profit was $1.37 a share, which surpassed the Zacks Consensus Estimate of $1.28 comfortably.

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on Patterson-UTI Energy on NA Activity Potential

Wed, 20 Feb 2013 09:21:02 -0500

In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Patterson-UTI Energy (NASDAQ: PTEN), and raised its price target from $25.00 to $30.00.

BMO Capital Markets noted, “Yesterday, we hosted Patterson-UTI management in Toronto, visiting with numerous investors. Recognizing that NA headwinds have calmed substantially, we

NOV Cut to Underperform – Analyst Blog

Tue, 19 Feb 2013 18:40:01 -0500

On Feb 11, 2013, we downgraded oilfield services behemoth National Oilwell Varco to Underperform from Neutral, based upon a number of near-term challenges.

Patterson-UTI Beats, Lags Y/Y – Analyst Blog

Fri, 08 Feb 2013 15:27:01 -0500

Patterson-UTI Energy, Inc., one of the largest onshore contract drillers in the U.S., reported better-than-expected fourth-quarter 2012 results

UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on Patterson-UTI Energy on Strong 4Q12 Results

Fri, 08 Feb 2013 11:53:51 -0500

In a report published Friday, Goldman Sachs reiterated its Neutral rating on Patterson-UTI Energy (NASDAQ: PTEN), and raised its price target from $20.00 to $22.50.

Goldman Sachs noted, “PTEN reported very strong 4Q12 results, with the highlight being better than anticipated pressure pumping activity in the quarter. Management reported

Patterson-UTI: Likely to Beat – Analyst Blog

Wed, 06 Feb 2013 16:40:01 -0500

We expect Patterson-UTI Energy Inc. to beat expectations when it reports fourth-quarter 2012 results before the opening bell tomorrow, Thursday, Feb 7.

Natural Gas Supplies Tumble – Analyst Blog

Tue, 15 Jan 2013 12:40:01 -0500

The U.S. Energy Department's weekly inventory release showed a large decrease in natural gas supplies.

U.S. Rig Count Down by a Unit – Analyst Blog

Wed, 09 Jan 2013 15:40:01 -0500

The U.S. drilling rig count edged downward by 1 unit during the week ended January 4, 2013.

Natural Gas Supplies Down by 135 Bcf – Analyst Blog

Tue, 08 Jan 2013 16:03:01 -0500

The U.S. Energy Department's weekly inventory release showed a 135 Bcf decrease in natural gas supplies.

U.S. Rig Count in Freefall – Analyst Blog

Thu, 03 Jan 2013 16:04:01 -0500

The number of rigs searching for oil and gas in U.S. decreased for the fifth consecutive week due to a fall in the tally of oil-directed rigs, partially offset by an increase in natural gas rig count.

(APC) Natural Gas Supplies Down by 82 Bcf

Wed, 26 Dec 2012 13:01:52 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Big Drop in U.S. Rig Count – Analyst Blog

Wed, 26 Dec 2012 08:00:01 -0500

Houston-based oilfield services company Baker Hughes' weekly release showed a 25 unit decrease in the number of rigs searching for oil and gas in U.S. for the week ended December 21, 2012.

Natural Gas Supplies Down by 82 Bcf – Analyst Blog

Mon, 24 Dec 2012 15:50:01 -0500

The U.S. Energy Department's weekly inventory release showed a 82 Bcf decrease in natural gas supplies for the week ended December 14, 2012.

Wednesday December 19th watchlist

Tue, 18 Dec 2012 17:28:00 -0500

U.S. Rig Count Inches Down – Analyst Blog

Tue, 18 Dec 2012 13:00:01 -0500

Rigs engaged in oil and gas exploration and production in the U.S. totaled 1,799 for the week ended December 14, 2012, down by 1 from the previous week's count.

(BHI) U.S. Rig Count Falls Again

Mon, 17 Dec 2012 12:27:50 -0500

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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An Unseasonal Natural Gas Injection – Analyst Blog

Mon, 17 Dec 2012 12:06:01 -0500

The U.S. Energy Department's weekly inventory release showed a surprise increase in natural gas supplies on account of warmer-than-normal temperatures across most of the country.

U.S. Rig Count Falls Again – Analyst Blog

Tue, 11 Dec 2012 14:45:01 -0500

The number of rigs searching for oil and gas in the U.S. totaled 1,800 for the week ended December 7, 2012, down by 11 from the previous week's count.

(APC) Gas Stocks Dip Below Year-Ago Level

Mon, 10 Dec 2012 21:20:39 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Gas Stocks Dip Below Year-Ago Level – Analyst Blog

Mon, 10 Dec 2012 16:25:01 -0500

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies that pushed down stocks below the year-ago level.

(BHI) U.S. Oil Drilling Rig Count Falls by Six

Wed, 05 Dec 2012 14:35:57 -0500

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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Helmerich & Payne Hikes Dividend – Analyst Blog

Wed, 05 Dec 2012 13:00:01 -0500

Helmerich & Payne Inc. has increased its quarterly common stock dividend by more than 100% to 15 cents per share.

U.S. Rig Count Falls by 6 – Analyst Blog

Wed, 05 Dec 2012 10:30:01 -0500

Rigs engaged in exploration and production in the U.S. totaled 1,811 for the week ended November 30, 2012, down by 6 from the previous week's count.

Patterson-UTI Energy Offers Drilling Results for Nov.

Tue, 04 Dec 2012 07:27:52 -0500

Patterson-UTI Energy. (NASDAQ: PTEN) today reported that for the month of November 2012, the Company had an average of 206 drilling rigs operating, including 198 rigs in the United States and 8 rigs in Canada. For the two months ended November 30, 2012, the Company had an average of 206 drilling

(BHI) U.S. Oil Drilling Rig Count Rises by Three

Mon, 03 Dec 2012 11:10:06 -0500

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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(APC) Natural Gas Storage Scales New Peak

Thu, 29 Nov 2012 18:15:06 -0500

The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase...

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U.S. Rig Count Rises by 8 – Analyst Blog

Wed, 28 Nov 2012 13:30:01 -0500

Rigs engaged in exploration and production in the U.S. totaled 1,817 for the week ended November 21, 2012, up by 8 from the previous week's count.

(APC) U.S. Natural Gas Stockpiles Shrink

Wed, 28 Nov 2012 00:37:17 -0500

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease...

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Natural Gas Stockpiles Shrink – Analyst Blog

Tue, 27 Nov 2012 13:34:01 -0500

The U.S. Energy Department's weekly inventory release showed a larger-than-expected decrease in natural gas supplies on account of the advent of cold weather.

U.S. Rig Count Rises by 3 – Analyst Blog

Tue, 20 Nov 2012 13:00:01 -0500

The number of rigs searching for oil and gas in U.S. totaled 1,809 for the week ended November 16, 2012, up by 3 from the previous week's tally.

Season’s First Natural Gas Drawdown – Analyst Blog

Mon, 19 Nov 2012 12:15:01 -0500

The U.S. Energy Department's weekly inventory release showed a decrease in natural gas supplies, the first withdrawal of the 2012-2013 winter heating season.

(BHI) U.S. Oil Drilling Rig Count Rises to 1806

Thu, 15 Nov 2012 12:40:08 -0500

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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U.S. Rig Count Rises to 1806 – Analyst Blog

Wed, 14 Nov 2012 09:50:01 -0500

In its weekly release, oilfield services company Baker Hughes reported that rigs engaged in exploration and production in the U.S. totaled 1,806 for the week ended November 9, 2012, up by 6 from the previous week's count.

Natural Gas Storage Scales New Peak – Analyst Blog

Tue, 13 Nov 2012 14:58:01 -0500

The U.S. Energy Department's weekly inventory release showed that natural gas stockpiles are at their record highs, reflecting low demand amid robust onshore output.

(BHI) U.S. Oil Drilling Rig Count Falls by 26

Thu, 08 Nov 2012 12:44:00 -0500

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a...

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U.S. Rig Count Falls by 26 – Analyst Blog

Wed, 07 Nov 2012 17:51:01 -0500

Rigs engaged in exploration and production in the U.S. totaled 1,800 for the week ended November 2, 2012, down by 26 from the previous week's count.