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Morgan Stanley: C&J Energy Is Catching Up With The Competition
Tuesday, November 14, 2017 - 5:47pm | 347Read More...C&J Energy Services Inc (NYSE: CJ) has underperformed peers by approximately 20 percent over the last six months, according to Morgan Stanley. The Analyst Morgan Stanley's Ole Slorer upgraded C&J Energy Services from Equal-weight to Overweight and raised the price target from $38...
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RPC's Risk-Reward Has Turned Unfavorable, According To Morgan Stanley
Tuesday, November 14, 2017 - 3:31pm | 321Read More...RPC, Inc. (NYSE: RES) was downgraded Tuesday by Morgan Stanley, with the research firm telling investors that better opportunities exist elsewhere. The Analyst Morgan Stanley's Ole Slorer. Slorer downgraded RPC, Inc. from Equal-weight to Underweight and has a price target of $25...
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Offshore Oil Outlook: Stay Cautious On Frank's International Ahead Of Q3 Earnings Release
Wednesday, November 2, 2016 - 11:56am | 292Read More...The global oil market has stabilized somewhat since oil prices were trading below $30/bbl earlier this year. However, offshore oil services stock Franks International NV (NYSE: FI) is still struggling to find its footing. With the stock already down 33.4 percent in 2016, Morgan Stanley analyst...
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Oil States Upgraded As Morgan Stanley Challenges Consensus 'Underestimating OIS's Shale Related Earnings Power'
Wednesday, October 26, 2016 - 10:02am | 363Read More...Morgan Stanley upgraded Oil States International, Inc. (NYSE: OIS) to Overweight from Equal Weight, as it believes the consensus is underestimating the company's shale-related earnings power and its ability to secure near-term offshore equipment orders. On Track To Reverse Underperformance Analyst...
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Morgan Stanley Upgrades Helmerich & Payne To Equal Weight
Tuesday, September 6, 2016 - 9:15am | 345Read More...Morgan Stanley has upgraded Helmerich & Payne, Inc. (NYSE: HP) to Equal Weight, as it sees the company as a defensive play within the sector, particularly relative to challenged offshore names. "Data points from our conference suggest relative tightness in pockets of the high-spec rig market...
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Oil States 'Looks Fairly Valued,' According To Morgan Stanley
Thursday, August 11, 2016 - 7:37am | 270Read More...Oil States International, Inc. (NYSE: OIS) would likely witness a continued decline in its Offshore Products backlog and ordering activity over the next several quarters, Morgan Stanley’s Ole Slorer said in a report. He initiated coverage of the company with an Equal-weight rating and a...
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Morgan Stanley Initiates TETRA Tech With Overweight Rating, $10 Price Target
Thursday, August 11, 2016 - 7:02am | 314Read More...Shares of TETRA Technologies, Inc. (NYSE: TTI) do not reflect the company’s longer-term FCF generation potential and the cyclical upside from onshore and short-cycle offshore exposure, Morgan Stanley’s Ole Slorer said in a report. He initiated coverage of the company with an...
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Morgan Stanley Is Taking Profits On Seadrill, Transocean Partners
Tuesday, July 26, 2016 - 10:54am | 421Read More...While offshore drilling headwinds persist, floater and jackup utilization could plummet to the levels witnessed in the 1980s, Morgan Stanley’s Ole Slorer said in a report. He added that this could be a good time to take profits on Seadrill Partners LLC (NYSE: SDLP) and Transocean Partners...
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Morgan Stanley Shows Increased Conviction In Frac Sand Theme; Upgrades Fairmount
Thursday, May 26, 2016 - 8:01am | 338Read More...Frac sand intensity continues to trend higher, with volumes per well having grown 50 percent from the 2014 levels in certain regions, Morgan Stanley’s Ole Slorer said in a report. He added that sand could have the earliest pricing traction among onshore service verticals. Operators Yet To...
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The National-Oilwell Varco Disappointment May Finally Be Over
Wednesday, April 27, 2016 - 10:57am | 267Read More...Morgan Stanley believes the negative catalysts underlying its bearish thesis on National-Oilwell Varco, Inc. (NYSE: NOV) have played out, and the firm has upgraded the stock from Underweight to Overweight. Analyst Ole Slorer believes the market should shift its focus to the company’s $4 EPS...
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Morgan Stanley Reiterates Schlumberger As Core Overweight In Large-Cap Energy Space
Monday, April 25, 2016 - 8:27am | 309Read More...Although there is a lack of visibility into a 2Q trough, Morgan Stanley’s Ole Slorer believes Schlumberger Limited. (NYSE: SLB)'s earnings capacity remains intact “as the cycle turns”. Slorer maintains an Overweight rating on the company, while raising the price target from $105...
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Morgan Stanley Upgrades Superior Energy, Downgrades RPC, Helmerich & Payne
Thursday, March 17, 2016 - 2:01pm | 400Read More...Morgan Stanley’s Ole Slorer said that companies with pristine balance sheets had significantly outperformed onshore service peers, which made their risk-rewards less favorable, while there seems to be better value in companies with similar business exposures with and slightly higher, albeit...
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Morgan Stanley Sees Helix Energy Shares More Than Doubling, Upgrades To Overweight
Thursday, March 17, 2016 - 8:02am | 262Read More...Morgan Stanley’s Ole Slorer upgraded the rating for Helix Energy Solutions Group Inc (NYSE: HLX) from Equal-weight to Overweight, while raising the price target from $8 to $10. He mentioned that well intervention is expected to lead the recovery offshore. Likely Trough In 1Q16 “...
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Morgan Stanley's Deep Dive Into Tenaris Leads To Downgrade
Wednesday, February 24, 2016 - 9:31am | 244Read More...Morgan Stanley's Ole Slorer downgraded the rating on Tenaris SA (ADR) (NYSE: TS) to Equal-Weight, while lowering the price target from $28 to $25. "We see limited absolute downside given TS's pristine balance sheet and strong free cash flow generation; however, elevated 2016/17...
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Morgan Stanley Downgrades Baker Hughes As 'Land Rig Count In Free Fall'
Monday, February 8, 2016 - 9:40am | 341Read More...Baker Hughes Incorporated (NYSE: BHI) shares have gained 5 percent since January 8. Morgan Stanley’s Ole Slorer downgraded the rating for the company to Equal-Weight, with a price target of $47. The Nam rig count is entering a free fall phase which may result in oil rebalancing,...
