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Buying The Dip: Three 'Good' Stocks Are Near 52-Week Lows — Are They Worth It?
Thursday, June 6, 2024 - 3:05pm | 803Read More...Schlumberger NV (NYSE:SLB), Agco Corp (NYSE:AGCO) and Darling Ingredients Inc (NYSE:DAR) are three American companies trading near 52-week lows. Benzinga’s fundamental and technical ratings signal that the stocks are trading below their intrinsic value, check technical boxes and could...
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Transocean May Be More Exposed Than Peers To Deteriorating Offshore Drilling Market
Thursday, September 29, 2016 - 3:51pm | 403Read More...Argus reaffirmed its Hold rating on the shares of Transocean LTD (NYSE: RIG), premising the action on its concerns that the company may be more exposed than peers to deteriorating conditions in the offshore drilling markets. Offshore: Flavor Of Town The firm noted that there has been a secular...
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Goldman's Negative View On Rigs Continues
Friday, April 22, 2016 - 10:09am | 239Read More...Goldman Sachs slashed its 2016 EPS estimate on Transocean LTD (NYSE: RIG) by 95 percent and the EBITDA view by 7 percent on lower-than-expected day rates on new contract awards and five idled rigs. The offshore driller released its fleet status report, which showed its Actinia awarded a three-year...
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Obama Reverses Course On Atlantic Drilling
Tuesday, March 15, 2016 - 12:12pm | 545Read More...According to a recent Bloomberg article, President Obama may be reversing his position on drilling for oil and gas in the Atlantic, and the move may be pushing oil stocks down on Tuesday. Obama's initial proposal recommended offshore drilling for oil from Georgia to Virginia and marked "the second...
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Report: Halliburton Plans On Selling Baker Hughes' Offshore Fluids Unit
Tuesday, February 9, 2016 - 3:18pm | 159Read More...According to Bloomberg, Halliburton Company (NYSE: HAL) plans on selling Baker Hughes Incorporated (NYSE: BHI)'s offshore drilling and completions fluids division and the bulk of its completion systems to appease antitrust regulators who have yet to sign off on the $35 billion mega merger....
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Big Caps, Big Yields: These Stocks Yield Over 7 Percent
Wednesday, July 11, 2012 - 5:33pm | 370Read More...In a search for yield in a low interest rate environment, Benzinga went looking for large-cap stocks with market capitalizations between $10 billion and $200 billion which are yielding over 7 percent. Below, we highlight four names that meet this criteria. American Capital Agency (NASDAQ: AGNC):...
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FMC Gets To Play In Brazil's Pool (FMC, PBR)
Monday, May 16, 2011 - 3:18pm | 222Read More...Brazil's Petrobras (NYSE: PBR) sits over an ocean of oil. When the company discovered its elephant find in the Tupi fields of the Santos Basin, Petrobras virtually grew Brazil's oil and gas reserves by nearly 50%. However, that oil is located approximately seven miles below the surface of the ocean...
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Dahlman Rose Sees Focus In Gulf Drilling
Monday, August 30, 2010 - 1:22pm | 210Read More...Dahlman Rose & Co released a report today on offshore drilling, noting that offshore drilling shares are "trading in close correlation with oil prices." Suggestions that the drilling moratorium could be lifted earlier than the November deadline seem to be emboldening operators to fix primarily...
