Goldman Sachs Upgrades a Number of Oil Stocks (CAM, RIG, DO, FTI)
More News related to CAM
- Cameron (CAM) Posts Q3 EPS of $0.58, Tops by 5c
- Cameron Third Quarter Earnings Per Share $0.56
- Trading Radar for 11/03: UBS (UBS), Yamana Gold (AUY), Archer-Daniels (ADM), Royal Caribbean (RCL), Marathon (MRO) Report
- Webcast Alert: Cameron Announces Third Quarter 2009 Earnings Webcast
- Cameron International Corporation Settled With Safoco Over Infringement of Three Patents According to Conley Rose, P.C.
More News related to DO
- SmallCapSentinel.com: Report on Oil Technology and Innovation Published
- Jesup & Lamont Upgrades Diamond Offshore Drilling (DO) to Buy
- FBR Capital Reiterates a 'Outperform' on ENSCO International (ESV); Favorite Drilling Stock
- Diamond Offshore (DO) Reports Strong Q3 Results
- Diamond Offshore (DO) Declares Special $1.875/Sh Dividend
More News related to FTI
- FMC Technologies to Present at Bank of America Merrill Lynch 2009 Energy Conference
- FMC Technologies Completes Acquisition of Direct Drive Systems, Inc.
- FMC Technologies (FTI) Posts Q3 EPS of $0.73; Guides
- FMC Technologies Reports Third Quarter 2009 Diluted Earnings per Share From Continuing Operations of $0.73
- Trading Radar for 10/27: Visa (V), Baidu.com (BIDU), WYNN Resorts (WYNN), RF Micro (RFMD), BP (BP) Report
Goldman Sachs maintains its Attractive rating on oil service/drilling sector, but is further shifting their preference toward "oily" stocks versus "gassy."
The firm no longer expects early-cycle high beta stocks with US natural gas leverage to outperform.
Upgraded
- Cameron International Corporation (NYSE: CAM) from Neutral to Conviction Buy, $42 target.
- Transocean Ltd. (NYSE: RIG) from Neutral to Buy, $107 target
- Diamond Offshore Drilling Inc. (NYSE: DO) from Sell to Neutral, $103 target
- FMC Technologies, Inc. (NYSE: FTI) from Sell to Neutral, $51 target
- Halliburton Company (NYSE: HAL) from Buy to Neutral, $28 target. Removed from Conviction Buy List
- Nabors Industries Ltd. (NYSE: NBR) from Buy to Sell, $17 target.
- Oil States International Inc. (NYSE: OIS) from Neutral to Sell, $29 tgt
- Patterson-UTI Energy Inc. (Nasdaq: PTEN) from Buy to Neutral, $15 tgt
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