Abraxas Petroleum Corp. (AXAS), Seadrill Ltd (SDRL), Oceaneering International (OII), State Street Co. (STT), Microsoft (MSFT), Acme Packet, Inc. (APKT) and Chemtura (CHMT) had ratings and price targets on them adjusted by analysts.
SunTrust downgraded Abraxas Petroleum Corp. (AXAS) from a "Buy" rating to a "Neutral" rating.
Dahlman Rose downgraded Seadrill Ltd (SDRL) from a "Buy" rating to a "Hold" rating.
Tudor Pickering downgraded Oceaneering International (OII) from a "Hold" rating to a "Accumulate" rating.
Rochdale Securities upgraded State Street Co. (STT) from a "Neutral" rating to a "Buy" rating.
Argus upgraded Microsoft (MSFT) from a "Hold" rating to a "Buy" rating. They placed a price target of $39.00 on the company.
Northland Securities upgraded Acme Packet, Inc. (APKT) from a "Market Perform" rating to a "Outperform" rating.
Oppenheimer upgraded Chemtura (CHMT) from a "Market Perform" rating to a "Outperform" rating.
Showing posts with label Seadrill Ltd. Show all posts
Showing posts with label Seadrill Ltd. Show all posts
Friday, March 16, 2012
Friday, March 2, 2012
Copano (CPNO) (HUSA) (MMP) (SDRL) (CIE) (TRI) (FAF) Ratings, Price Targets
Copano Energy, L.L.C. (CPNO), Houston American Energy Corp (HUSA), Magellan Midstream (MMP), Seadrill Ltd (SDRL), Cobalt International Energy (CIE), Thomson Reuters Co. (TRI) and First American Financial (FAF) had ratings and price targets adjusted on them by analysts.
Morgan Keegan downgraded Copano Energy, L.L.C. (CPNO) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $39.00 to $38.00 on the company.
C.K. Cooper downgraded Houston American Energy Corp (HUSA) from a "Buy" rating to a "Hold" rating.
Wunderlich downgraded Magellan Midstream (MMP) from a "Buy" rating to a "Hold" rating. They raised their price target from $69.00 to $76.00 on the company.
HSBC downgraded Seadrill Ltd (SDRL) from an "Overweight" rating to a "Neutral" rating.
RBC Capital upgraded Cobalt International Energy (CIE) from a "Sector Perform" rating to an "Outperform" rating.
Evercore Partners initiated coverage on Thomson Reuters Co. (TRI). They placed an "Equal Weight" rating on the company.
Keefe, Bruyette & Woods initiated coverage on First American Financial (FAF). They placed a "Market Perform" rating on the company.
Morgan Keegan downgraded Copano Energy, L.L.C. (CPNO) from an "Outperform" rating to a "Market Perform" rating. They cut their price target from $39.00 to $38.00 on the company.
C.K. Cooper downgraded Houston American Energy Corp (HUSA) from a "Buy" rating to a "Hold" rating.
Wunderlich downgraded Magellan Midstream (MMP) from a "Buy" rating to a "Hold" rating. They raised their price target from $69.00 to $76.00 on the company.
HSBC downgraded Seadrill Ltd (SDRL) from an "Overweight" rating to a "Neutral" rating.
RBC Capital upgraded Cobalt International Energy (CIE) from a "Sector Perform" rating to an "Outperform" rating.
Evercore Partners initiated coverage on Thomson Reuters Co. (TRI). They placed an "Equal Weight" rating on the company.
Keefe, Bruyette & Woods initiated coverage on First American Financial (FAF). They placed a "Market Perform" rating on the company.
Tuesday, September 21, 2010
Barclays (NYSE:BCS) Response to 'U.S. Oil Services & Drilling: 2010 CEO Energy Conference'
Barclays (NYSE:BCS) said the companies presenting at the 2010 Barclays Capital CEO Energy Conference were overall positive.
They said, "Presenting companies at the 2010 Barclays Capital CEO Energy Conference were generally optimistic. The international E&P spending recovery has begun and appears poised to accelerate into 2011. North America was most often predicted to flatten. The view on the offshore markets was mixed with optimism expressed for ultra-deepwater and premium jackup demand, while the mid-water and commodity jackup markets are likely to remain under pressure. The outlook on the Gulf of Mexico was clearly one of caution."
Barclays went on to describe what they were looking for in companies and specific companies they liked:
"We continue to emphasize companies with leverage to major secular growth themes in the industry. Our top picks are Weatherford (NYSE:WFT), Schlumberger (NYSE:SLB), Cameron International (NYSE:CAM), National Oilwell Varco (NYSE:NOV), Dresser-Rand Group (NYSE:DRC), SeaDrill Limited (NYSE:SDRL) and Pride International (NYSE:PDE)."
They said, "Presenting companies at the 2010 Barclays Capital CEO Energy Conference were generally optimistic. The international E&P spending recovery has begun and appears poised to accelerate into 2011. North America was most often predicted to flatten. The view on the offshore markets was mixed with optimism expressed for ultra-deepwater and premium jackup demand, while the mid-water and commodity jackup markets are likely to remain under pressure. The outlook on the Gulf of Mexico was clearly one of caution."
Barclays went on to describe what they were looking for in companies and specific companies they liked:
"We continue to emphasize companies with leverage to major secular growth themes in the industry. Our top picks are Weatherford (NYSE:WFT), Schlumberger (NYSE:SLB), Cameron International (NYSE:CAM), National Oilwell Varco (NYSE:NOV), Dresser-Rand Group (NYSE:DRC), SeaDrill Limited (NYSE:SDRL) and Pride International (NYSE:PDE)."
Wednesday, September 1, 2010
Transocean (NYSE:RIG) Draws Interest of Billionaire John Fredriksen
Shares of Transocean (NYSE:RIG) surged today on news billionaire John Fredriksen may be interested in acquiring the company via his Seadrill Ltd.
Transocean is the owner of the Deepwater Horizon oil rig which it leased to BP (NYSE:BP) and exploded, causing the oil spill and loss of 11 lives.
Fredriksen said in an interview that he likes Transocean because it's cheap and has quality equipment.
Transocean has plummeted from over $88 a share several months ago to $53.52 as of 11:54 AM EDT today.
Shares are up over 5 percent on the news of Fredriksen's interest.
Frediksen said he isn't concerned about new regulations, as they would benefit companies which have newer rigs.
Transocean is about 65 percent larger than Seadrill, which reported earnings yesterday of $316 million, or $0.72 a share, down from the same quarter last year, where they earned $339 million, or $0.81 a share.
Even so, they did manage to be analysts' estimates of $248 million.
Transocean is the owner of the Deepwater Horizon oil rig which it leased to BP (NYSE:BP) and exploded, causing the oil spill and loss of 11 lives.
Fredriksen said in an interview that he likes Transocean because it's cheap and has quality equipment.
Transocean has plummeted from over $88 a share several months ago to $53.52 as of 11:54 AM EDT today.
Shares are up over 5 percent on the news of Fredriksen's interest.
Frediksen said he isn't concerned about new regulations, as they would benefit companies which have newer rigs.
Transocean is about 65 percent larger than Seadrill, which reported earnings yesterday of $316 million, or $0.72 a share, down from the same quarter last year, where they earned $339 million, or $0.81 a share.
Even so, they did manage to be analysts' estimates of $248 million.
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