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UPDATE: Global Hunter Reiterates Neutral on Dresser-Rand, Reduces PT to $45
Tuesday, August 9, 2011 - 6:55am | 47Read More...Global Hunter reiterated its Neutral rating on Dresser-Rand (NYSE: DRC). At the same time, the rating agency reduced its price target on the company's stock from $51 to $45. On Monday, DRC lost 12.16% of its value to finish the day at $36.77.
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Top 4 Large-Cap Stocks In The Steel & Iron Industry With The Highest Dividend Yield
Tuesday, August 9, 2011 - 3:30am | 118Read More...Below are the top large-cap steel & iron stocks on the NYSE and the NASDAQ in terms of dividend yield. Companhia Siderurgica Nacional (NYSE: SID) has a dividend yield of 7.10%. SID's shares closed at $8.11 yesterday. Nucor Corporation (NYSE: NUE) has a dividend yield of 4.10%. NUE's shares...
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Benzinga's Top ETF Decliners, August 8th (RUSL, FAS, DRN, ERX)
Monday, August 8, 2011 - 4:38pm | 200Read More...Direxion Daily Russia Bull 3x Shares (NYSE: RUSL) led the decliners among the ETFs on Monday, with a decline of 33.54%. RUSL closed at $23.01, and it had a volume of 101K traded shares. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) dropped 27.64%, and closed at $12.46. Bank of America...
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IHS Receives Early Termination of HSR Waiting Period for Seismic Micro-Technology Acquisition
Monday, August 8, 2011 - 1:03pm | 97Read More...IHS Inc. (NYSE: IHS) has received notice from the Federal Trade Commission granting early termination of the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 for its acquisition of Seismic Micro-Technology and is working to close the transaction as quickly as possible....
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Options Brief: RPC
Monday, August 8, 2011 - 11:56am | 105Read More...Shares of RPC (NYSE: RES) are higher on the session by 11.48%, trading at $21.68. Overall call volume is now running at 4.62x the daily average, with 79% of all calls traded being purchases on the offer. 1,217 contracts have traded on the session so far. RPC, Inc. is a holding company. RPC...
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Jefferies Reiterates Hold on Hornbeck Offshore Services, Raises PT to $27
Monday, August 8, 2011 - 6:58am | 48Read More...Jefferies reiterated its Hold rating on Hornbeck Offshore Services (NYSE: HOS). At the same time, the rating agency raised its price target on the company's stock from $24 to $27. On Friday, HOS lost 6.2% of its value to end the week at $24.21.
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Pre-Market Gainers
Monday, August 8, 2011 - 6:57am | 50Read More...BroadSoft (NASDAQ: BSFT) +17.47% on better than expected earnings. RPC (NYSE: RES) +6.25 on the Bloomberg report that the company is considering selling itself. Silvercorp Metals (NYSE: SVM) +4.41%
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Jefferies Raises PT on Hornbeck Offshore To $27
Monday, August 8, 2011 - 5:47am | 28Read More...Jefferies & Company has raised the price target on Hornbeck Offshore Services (NYSE: HOS) from $24 to $27 and maintains its Hold rating.
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Key Energy Services Announces Completion of the Acquisition of Edge Oilfield Services and Summit Oilfield Services
Sunday, August 7, 2011 - 7:10pm | 186Read More...Key Energy Services (NYSE: KEG) completed the previously announced acquisition of Edge Oilfield Services and Summit Oilfield Services. Total consideration for the transaction was $307.6 million, consisting of approximately 7.5 million shares of Key common stock and $189.7 million in cash, which...
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Morgan Keegan Maintains Dresser-Rand PT, Outperform
Friday, August 5, 2011 - 2:48pm | 87Read More...Morgan Keegan maintained its Dresser-Rand Group (NYSE: DRC) Outperform rating and $63 price target in a research report published today. In the report, Morgan Keegan states, "A weaker than expected Q2'11 and broad market uneasiness combined to push DRC's share price down dramatically. Unless the...
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Credit Suisse Downgrading Exterran Holdings
Friday, August 5, 2011 - 8:28am | 142Read More...Credit Suisse is out with a research report and downgrading shares of Exterran Holdings (NYSE: EXH) to Neutral from Outperform and slashing the price target to $17 from $32. In a note to clients, Credit Suisse writes, "We got ahead of ourselves when we double upgraded EXH to OP in March 2011. We...
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WSP Holdings Notified by NYSE of Non-Compliance with Listing Standards
Friday, August 5, 2011 - 8:01am | 190Read More...WSP Holdings Limited (NYSE: WH) today announced that the Company was notified by the New York Stock Exchange that the Company is not in compliance with certain NYSE continued listing standards. The NYSE notified the Company that it is not in compliance with the continued listing standard requiring...
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UPDATE: Pritchard Upgrades Tidewater to Buy
Friday, August 5, 2011 - 7:57am | 69Read More...Pritchard is out with its report today on Tidewater (NYSE: TDW), upgrading TDW from Neutral to Buy. In its report, Pritchard writes, "Upgrading to 'Buy' from 'Neutral' as we believe that we are currently seeing the early signs of an upturn in their core international business. We are increasing...
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UPDATE: Global Hunter Securities Raises PT on Hornbeck Offshore from $26 to $30
Friday, August 5, 2011 - 6:57am | 128Read More...Global Hunter Securities Research has published a report on Hornbeck Offshore (NYSE: HOS) raising the price target by $4. In the report, Global Hunter Securities wrote, "HOS posted EPS of ($0.26) as GOM weakness continues. The company continues to make strides towards earnings growth with more...
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Benzinga's Top ETF Gainers, August 4th (TVIX, ERY, TZA, EDZ)
Thursday, August 4, 2011 - 5:28pm | 213Read More...VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 40.63% on Thursday as the S&P 500 traded sharply lower. TVIX closed at $31.29, and it had a volume of 9.08M traded shares. Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) gained 20.76%, and it closed at $18.44. In the energy...
 

