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Any Permian Fall-Off For Helmerich & Payne Is Shallow, Jefferies Says In Upgrade
Tuesday, June 19, 2018 - 10:54am | 389Investor pessimism on oil & gas well drilling company Helmerich & Payne, Inc. (NYSE: HP) is unfounded, according to an analyst at Jefferies. The Analyst Analyst Brad Handler upgraded Helmerich & Payne from Hold to Buy following a 13-percent pullback in the past month. The analyst...
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Precision Drilling Upgraded At Jefferies Citing Dwindling Downside Risk
Tuesday, September 6, 2016 - 10:33am | 340Since its peak on June 8, Precision Drilling Corp (USA) (NYSE: PDS) shares have underperformed the OSX by 1,300 bps, its land driller peers by 1,800 bps and the S&P 500 by 2,875 bps. Jefferies’ Brad Handler upgraded the rating on the company from Underperform to Hold, while raising the...
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Pioneer Energy Offers Attractive Value, Jefferies Upgrades
Friday, September 2, 2016 - 3:22pm | 371Jefferies has upgraded Pioneer Energy Services Corp (NYSE: PES) to Buy from Hold, saying the 24 percent decline in stock price from its early June peak offers attractive value, while production services could aid upside. "We are not overly concerned with covenant risk given our outlook as we look...
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Oil Investors: Do You Track Sand Usage? These Analysts Do
Thursday, June 11, 2015 - 3:28pm | 452A new report by Jefferies focuses on the oil services and equipment space. Of the hundreds of metrics used to assess the oil industry, Jefferies analyst Brad Handler focuses on what the latest frac proppant data says about the current state of the oil services industry and the latest shifts in...
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Jefferies' Oil Services & Equipment Houston Bus Tour
Wednesday, May 6, 2015 - 12:42pm | 491Jefferies recently completed a Houston bus tour and hosting of investor meetings with several Oil Services and Equipment companies. The companies included Schlumberger Limited. (NYSE: SLB), Halliburton Company (NYSE: HAL), Patterson-UTI Energy, Inc. (NASDAQ: PTEN), Diamond Offshore Drilling Inc...
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UPDATE: Jefferies Initiates Coverage On FMSA Holdings On Proven Proppant Platform
Monday, December 1, 2014 - 11:04am | 106In a report published Monday, Jefferies analyst Brad Handler initiated coverage on FMSA Holdings (NYSE: FMSA) with a Buy rating and $13.00 price target. In the report, Jefferies noted, “As a top proppant producer (#2 and #1 by capacity in raw sand and RCS markets, respectively) with innovative...
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UPDATE: Jefferies Upgrades Nabors Industries Ltd. On Multiple Positive Factors
Thursday, May 22, 2014 - 9:35am | 114In a report published Thursday, Jefferies analyst Brad Handler upgraded the rating on Nabors Industries Ltd. (NYSE: NBR) from Hold to Buy, and raised the price target from $28.00 to $31.00. In the report, Jefferies noted, “A combination of worldwide rig opportunity, recent quarters' drilling...
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UPDATE: Jefferies Upgrades Precision Drilling on Share Weakness with Steady Fundamentals
Friday, December 6, 2013 - 10:45am | 113In a report published Friday, Jefferies analyst Brad Handler upgraded the rating on Precision Drilling (NYSE: PDS) from Hold to Buy, and reiterated the $11.00 price target. In the report, Jefferies noted, “We believe recent pullback in PDS shares presents an attractive buying opportunity. The...
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UPDATE: Jefferies Upgrades Oceaneering International as Fundamental Misunderstandings Create Opportunity
Monday, December 2, 2013 - 12:35pm | 119In a report published Monday, Jefferies analyst Brad Handler upgraded the rating on Oceaneering International (NYSE: OII) from Hold to Buy, and reiterated the $95.00 price target. In the report, Jefferies noted, “We believe OII's share pullback reflects a fundamental misunderstanding of its Gulf...
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UPDATE: Jefferies Downgrades Superior Energy Services as 3Q Miss Highlights Vulnerable Position
Wednesday, October 16, 2013 - 9:04am | 121In a report published Wednesday, Jefferies analyst Brad Handler downgraded the rating on Superior Energy Services (NYSE: SPN) from Buy to Hold, and lowered the price target from $32.00 to $28.00. In the report, Jefferies noted, “We downgrade SPN to Hold from Buy and lower our PT to $28 from $32....
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UPDATE: Jefferies Lowers PT on Transocean on Near-Term Uncertainties
Friday, August 9, 2013 - 12:32pm | 128In a report published Friday, Jefferies analyst Brad Handler reiterated a Hold rating on Transocean (NYSE: RIG), but lowered the price target from $59.00 to $55.00. In the report, Jefferies noted, “RIG's floater choppiness expectation through year-end is as we expected, but makes for some...
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UPDATE: Jefferies Lowers PT on Basic Energy Services Following 2Q13 Earnings Report
Tuesday, July 30, 2013 - 10:20am | 114In a report published Tuesday, Jefferies analyst Brad Handler reiterated a Hold rating on Basic Energy Services (NYSE: BAS), but lowered the price target from $13.50 to $13.00. In the report, Jefferies noted, “BAS shares have retraced to a more supportable position as overly optimistic...
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UPDATE: Jefferies Raises PT on Precision Drilling on New Opportunities Ahead
Monday, July 29, 2013 - 11:18am | 126In a report published Monday, Jefferies analyst Brad Handler reiterated a Hold rating on Precision Drilling (NYSE: PDS), and raised the price target from $9.00 to $11.00. In the report, Jefferies noted, “Securing five newbuild contracts, LNG-directed activity potential in Canada and non-NAM...
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UPDATE: Jefferies Raises PT on Schlumberger Following 2Q13 Earnings
Monday, July 22, 2013 - 11:16am | 117In a report published Monday, Jefferies analyst Brad Handler reiterated a Buy rating on Schlumberger (NYSE: SLB), and raised the price target from $86.00 to $97.00. In the report, Jefferies noted, “SLB impresses with its consistency. We raise our PT to $97 from $86, effectively raising our...
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UPDATE: Jefferies Raises PT on Baker Hughes Following 2Q13 Earnings Report
Monday, July 22, 2013 - 11:08am | 122In a report published Monday, Jefferies analyst Brad Handler reiterated a Buy rating on Baker Hughes (NYSE: BHI), and raised the price target from $54.00 to $56.00. In the report, Jefferies noted, “BHI's poor visibility into Latam's weakness in 2Q and margin guidance for the U.S. hardly...