Oil & Gas Drilling

Nabors Industries Ltd. (NYSE: NBR) today announced that it has entered an agreement with Eugene Isenberg, its Chairman and former CEO, pursuant to which Mr. Isenberg has voluntarily terminated his employment agreement, effective December 31, 2011. Mr. Isenberg will continue as Chairman of the...

Shares of Nabors Industries (NYSE: NBR) are lower on the session by 0.67%, currently trading at $17.72. The stock has been moving largely lower over the past three weeks, though it is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the...

Jefferies & Company has downgraded Nabors Industries (NYSE: NBR) from Buy to Hold and has lowered the price target froM $22 to $19.

Analysts at Deutsche Bank upgraded Weyerhaeuser Company (NYSE: WY) from “sell” to “hold.” WY's shares closed at $17.86 on Friday. Weyerhaeuser's trailing-twelve-month ROE is 31.94%. Analysts at JP Morgan upgraded Arkansas Best Corporation (NASDAQ: ABFS) from “underweight” to “neutral.” ABFS'...

Sequenom Inc (NASDAQ: SQNM) shares advanced 7.37% to $5.10 in the pre-market session. SQNM is scheduled to report its third quarter results on November 3, 2011. Fortinet Inc (NASDAQ: FTNT) shares advanced 6.80% to $20.42 in the pre-market session. FTNT reported a 28% rise in its fiscal 3Q net...

Global Hunter Securities is out with a research report on Hornbeck Offshore Services, Inc. (NYSE: HOS) and is upgrading shares from Neutral to Buy, and raising its price target from $30 to $39. In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield...

Global Hunter Securities is out with a research report on Gulfmark Offshore, Inc. (NYSE: GLF) and is upgrading shares to Accumulate with a $48 price target, up from $46. In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield services demand and...

Global Hunter Securities has downgraded the following companies: Basic Energy Services, Inc. (NYSE: BAS) – Buy to Accumulate, $45 to $30 PT Complete Production Services, Inc. (NYSE: CPX) – Buy to Accumulate, $52 to $28 PT Key Energy Services Inc. (NYSE: KEG) – Buy to Accumulate, $25 to $14 PT...

Nabors Industries Ltd. (NYSE: NBR) today announced its wholly owned subsidiaries Canrig Drilling Technology International Ltd. and Canrig Drilling Technology Ltd. have entered into long-term agreements with Managed Pressure Operations International Ltd. whereby Canrig will license from MPO certain...

Noble Corporation (NYSE: NE) today announced that a subsidiary has exercised its option with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of an additional ultra-deepwater drillship, the fourth such drillship to be ordered this year subject to the parties executing an agreed form...