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Wells Fargo Initiates Coverage On Apergy Citing Strong Growth Prospects
Monday, March 4, 2019 - 2:59pm | 318Read More...Apergy Corp (NYSE: APY) is leveraged to the long-term development of U.S. shale. The company also has prospects of international growth, a strong management team and an “industrial DNA”, which drives commitment towards technology investment, operational efficiency, free-cash flow and...
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Tight Ultra Deepwater Rig Supply Benefits Transocean, Wells Fargo Says In Upgrade
Wednesday, September 19, 2018 - 3:11pm | 386Read More...Offshore drilling companies are benefiting from increasing demand as well as the tighter availability of high-specification, ultra-deepwater rigs, according to Wells Fargo Securities. The Analyst Analyst Judson Bailey upgraded shares of Transocean LTD (NYSE: RIG) from Market Perform to...
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Wells Fargo Makes Bullish Call On Select Energy Services Following Rockwater Merger
Tuesday, November 28, 2017 - 4:44pm | 262Read More...Select Energy Services Inc (NYSE: WTTR) completed amerger with Rockwater Energy Solutions Nov. 1. The Analyst Wells Fargo's Judson Bailey is resuming coverage on Select Energy with an Outperform rating and $20 price target. The Thesis The Rockwater acquisition is going to be...
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Ranger Energy Services: An Undervalued Micro-Cap Stock With Room To Grow
Wednesday, September 6, 2017 - 11:04am | 394Read More...Initiating coverage of Ranger Energy Services Inc (NYSE: RNGR), Wells Fargo believes the company represents an undervalued microcap growth story with a premium asset base tied to the long-term development of U.S. oil shale and forecasted demand growth for higher spec workover rigs. The firm...
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Weatherford's New CEO A Strong Positive, But Challenges Remain
Tuesday, March 7, 2017 - 12:47pm | 367Read More...Judson Bailey of Wells Fargo says Weatherford International Plc (NYSE: WFT)’s appointment of Halliburton Company (NYSE: HAL) executive Mark McCollum as CEO is a strong positive given McCollum’s reputation for execution, organization and cost discipline as these three were “just...
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Oil & Oil Services Stocks Up, But Schlumberger Down Following EPS Cut
Friday, September 30, 2016 - 7:09am | 359Read More...Oil and oil services investors got some much-needed relief from OPEC this week when the organization surprised the world and agreed to a production cut. The news sent the United States Oil Fund LP (ETF) (NYSE: USO) surging 4.1 percent in the past two trading sessions, while the VanEck Vectors...
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Analyst Struggle To Get A Grip On Fairmont Santrol Future Performance
Thursday, May 26, 2016 - 3:13pm | 452Read More...Morgan Stanley upgraded Fairmont Santrol Holdings Inc (NYSE: FMSA) to Overweight citing a repaired balance sheet enabling the company to hobble through the foreseeable future - that is until Wells Fargo splashed some reality on the minds of participants. Morgan Stanley's Ole Slorer said...
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Wells Fargo Downgrades Seadrill, Upgrades Others In Offshore Space
Monday, April 27, 2015 - 11:42am | 273Read More...Wells Fargo on Monday issued an industry report highlighting several offshore drillers, as annual offshore spending reductions are necessary to combat the rising supply of oil. Analysts Judson Bailey and Coleman Sullivan wrote, "After several years of cost escalation followed by a 50+ percent...
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ENSCO International’s (ESV) Price Target Raised
Friday, February 26, 2010 - 8:12pm | 106Read More...Analyst Judson Bailey at Jefferies & Company, Inc. has raised the price target for ENSCO International PLC (NYSE: ESV) from $57 to $59. According to Jefferies, the shares of the company are attractively valued considering the upside in the jack-up market, and longer-term value creation from...
