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Seaport Downgrades Flotek After Worst-Case Q2
Wednesday, August 8, 2018 - 2:44pm | 396Read More...Everything that could have gone wrong for oilfield services company Flotek Industries Inc. (NYSE: FTK) did so in the second quarter, according to Seaport Global. The Analysts Seaport Global analyst Mike Urban downgraded Flotek from Buy to Neutral. The Thesis Flotek's Q2 earnings...
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Credit Suisse, Seaport Upgrade Patterson-UTI After Stock Decline
Sunday, July 29, 2018 - 5:11pm | 375Read More...Oil drilling company Patterson-UTI Energy Inc. (NASDAQ: PTEN)'s stock has fallen 30 percent in recent months. The Analysts Credit Suisse analyst James Wicklund upgraded Patterson-UTI from Neutral to Outperform and lowered the price target from $22 to $19. Seaport Global...
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A Rare Win-Win Scenario For Weatherford And Schlumberger
Monday, March 27, 2017 - 9:43am | 327Read More...Weatherford International Plc (NYSE: WFT) is forming the OneStim joint venture with Schlumberger Limited. (NYSE: SLB), which would focus on the unconventional completions market in North America. “We view the transaction as a rare win-win situation,” Deutsche Bank’s Mike Urban...
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Deutsche Bank Says The 'New' Weatherford International Is Still A Top Pick
Tuesday, March 7, 2017 - 2:34pm | 343Read More...Mike Urban of Deutsche Bank reiterated his Buy rating on Weatherford International Plc (NYSE: WFT) after the company appointed Halliburton Company (NYSE: HAL) executive Mark McCollum as CEO. Urban, despite liking myriad changes and improved focus at Weatherford, have always argued that fresh...
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Ocean Rig's Restructuring Likely Bad For Shareholders; Deutsche Sinks Rating To Hold
Tuesday, August 16, 2016 - 10:23am | 330Read More...Despite its difficult cash/liquidity position, Ocean Rig UDW Inc. (NASDAQ: ORIG) took the market by surprise by announcing it is likely to undertake restructuring over the next several months. Deutsche Bank’s Mike Urban downgraded the rating on the company from Buy to Hold, while lowering the...
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Deutsche Bank Downgrades Pacific Drilling To Hold, Remains Positive Over Longer Term
Tuesday, August 9, 2016 - 1:54pm | 220Read More...Deutsche Bank downgraded Pacific Drilling SA (NYSE: PACD) to Hold from Buy and slashed its price target by 40 percent to $6, saying the "recent oil retrenchment has pushed an already tenuous recovery out further." Despite acknowledging the company's cost control efforts, the...
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Why Deutsche Bank Is No Longer Buying Baker Hughes
Wednesday, April 6, 2016 - 9:32am | 372Read More...A number of media reports mentioned that the DoJ plans to sue to block the proposed merger of Baker Hughes Incorporated (NYSE: BHI) with Halliburton Company (NYSE: HAL). The companies may opt for litigation to proceed with the transaction. Baker Hughes Downgraded Deutsche Bank’s Mike...
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Hercules Offshore No Hero Yet, But Looking Positive; Deutsche Bank Upgrades To Hold
Tuesday, November 10, 2015 - 3:02pm | 403Read More...Deutsche Bank has upgraded the new common stock of Hercules Offshore, Inc. (OTC: HEROQ) to Hold following the company’s bankruptcy. Now that the company has a clean slate and a new share structure, it has a fighting chance in the difficult environment. Deutsche Bank remains cautious, as the...
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Deutsche Bank: Hope Is Not Lost For Offshore Drillers
Monday, September 28, 2015 - 3:19pm | 425Read More...Despite recent price weakness, Deutsche Bank maintains its long-term bullish outlook for offshore drillers. The recovery in demand will likely not occur before 2017. The turnaround will likely require major restructuring from many drillers. In a new report, Deutsche Bank analyst Mike Urban...
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Alert: Deutsche Bank Thinks HERO Is Worth $0
Friday, February 27, 2015 - 11:11am | 252Read More...Deutsche Bank downgraded Hercules Offshore, Inc. (NASDAQ: HERO) Friday from Buy to Sell and cut its price target from $4 to $0. Analyst Mike Urban commented that the "offshore drilling market continues to deteriorate at an accelerating pace as evidenced by a recent wave of contract...
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Deutsche Bank Sees Trouble Ahead For Transocean After CEO Departure
Tuesday, February 17, 2015 - 10:01am | 198Read More...In a note out Tuesday morning, analyst Mike Urban of Deutsche Bank reiterated the Sell rating on shares of Transocean LTD (NYSE: RIG) and lowered the price target from $16 to $6. In the report, Deutsche Bank wrote, "RIG proposed an 80% cut in its annual dividend to $0.60/sh from $3/sh and also...
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Deutsche Bank Lowers Price Target On Oceaneering International On Multiple Positive Factors
Tuesday, February 3, 2015 - 10:57am | 158Read More...In a report published Tuesday, Deutsche Bank analyst Mike Urban reiterated a Buy rating on Oceaneering International (NYSE: OII), but lowered the price target from $97.00 to $70.00. In the report, Deutsche Bank noted, “OII's management team continues to focus on things they can control during the...
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Deutsche Bank Believes Potential BHI Acquisition Would Present Huge Opportunities, Challenges For Halliburton
Friday, November 14, 2014 - 10:23am | 153Read More...In a report published Friday, Deutsche Bank analyst Mike Urban reiterated a Buy rating and $69.00 price target on Halliburton Company (NYSE: HAL). In the report, Deutsche Bank noted, “The Wall Street Journal is reporting (and BHI later confirmed) that HAL is in talks to acquire BHI. If completed,...
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Deutsche Bank Raises Price Target On Diamond Offshore
Friday, October 24, 2014 - 9:17am | 173Read More...On Friday, analysts at Deutsche Bank maintained the Sell rating on shares of Diamond Offshore Drilling Inc (NYSE: DO) and raised the price target from $22 to $31. Diamond Offshore announced third quarter 2013 financial results on Thursday, reporting EPS of $0.58, missing estimates by 26 percent...
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Deutsche Bank Slashes Noble Price Target By 44%
Monday, August 4, 2014 - 11:39am | 196Read More...Noble (NYSE: NE) was downgraded from Buy to Hold and had its price target cut from $50 to $28. The price target implies 10 percent downside from Friday’s close, but 4.2 percent upside from the current price (lower on downgrade). “While we do not think the market is giving the...
