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Morgan Stanley Upgrades Rowan Cos., Downgrades Seadrill To Equalweight
Thursday, January 28, 2016 - 11:33am | 514Read More...While Seadrill Ltd (NYSE: SDRL) shares have plunged 76 percent since July 29, shares of Rowan Companies PLC (NYSE: RDC) have lost 30 percent. Morgan Stanley’s Ole Slorer changed the ratings and price targets for both companies. The oil price outlook had weakened, with a prolonged...
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Upcoming Oil, Gas M&A Action 'Old News'
Wednesday, December 9, 2015 - 2:01pm | 478Read More...Stocks in the United States were rallying earlier Wednesday, as Dow Chemical Co (NYSE: DOW) is in its advanced stages of merger talks with E I Du Pont De Nemours And Co (NYSE: DD). In what may be the largest deal in the chemicals industry, the transaction would create the world's second-largest...
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Iberia Capital, Morgan Stanley Think Core Labs Can Win From This
Friday, October 23, 2015 - 10:00am | 520Read More...Shares of Core Laboratories N.V. (NYSE: CLB) have risen 10.63 percent over the last three months, hitting a high of $120.08 on October 14. Iberia’s Robert MacKenzie has maintained an Outperform rating and price target of $140 on the company, while Morgan Stanley’s Ole Slorer has...
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Morgan Stanley Sees 'Large Rebound' For Oil Spending In 2017
Monday, October 5, 2015 - 11:10am | 422Read More...Morgan Stanley has reduced its upstream oil spending targets for 2015 and 2016. The firm sees an inflection point in spending coming in 2016 and a large rebound in 2017. Morgan Stanley sees upside potential from current prices for patient shareholders of many oil services and drilling...
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More To Come On The Oil M&A Front, Says Morgan Stanley
Monday, August 31, 2015 - 9:27am | 346Read More...Following the recent decline in oil prices, analysts at Morgan Stanley are now projecting increased M&A activity within the Oil Services, Drilling & Equipment sectors. In a report published Monday, Morgan Stanley's Oil Services analyst Ole Slorer argued that the recent Schlumberger...
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Schlumberger Consensus Expectations: 40% Decline In Earnings Year-Over-Year
Thursday, July 16, 2015 - 2:47pm | 305Read More...Shares of Schlumberger Limited. (NYSE: SLB) are trading slightly up on Thursday afternoon, ahead of the announcement of the company’s second quarter financial results, scheduled for after the market close. According to Estimize, the quarter is expected to be the worst in more than four...
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Morgan Stanley Calls Bottom In Oil Services
Thursday, July 9, 2015 - 2:45pm | 459Read More...One the hottest topics of debate on Wall Street in recent months has been calling the bottom in the oil and gas space. According to a new report released Thursday by Morgan Stanley Research analyst, Ole Slorer, the tide is finally starting to turn for global oil services stocks. Retest The PHLX...
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Morgan Stanley Slashes Deepwater Drillers, Says They're 'Fighting Tooth And Nail' To Stay Afloat
Wednesday, April 22, 2015 - 9:07pm | 292Read More...Deepwater drillers are "fighting tooth and nail" to stay afloat while customer civility deteriorates, an analyst said Wednesday. Morgan Stanley's Ole Slorer cut his rating to Underweight on Transocean LTD (NYSE: RIG), ENSCO PLC (NYSE: ESV) and Noble Corp plc (NYSE: NE). Slorer...
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Analyst Sees Q1 Winnowing Losers From Oilfield Services Sector
Monday, April 13, 2015 - 4:28pm | 261Read More...The domestic oil services industry will get divided into "winners and losers" as first-quarter results trickle in, an analyst said Monday. Morgan Stanley's Ole Slorer said share of the market for pressure pumping to stimulate well production has slipped away from Baker Hughes Incorporated (NYSE:...
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Morgan Stanley On Seadrill's Q4, Brazil 'Particularly Tricky'
Thursday, February 26, 2015 - 2:17pm | 321Read More...Morgan Stanley commented on Q4 earnings results for Seadrill Ltd (NYSE: SDRL) Thursday and maintained an Overweight rating. Analysts Ole Slorer and Jacob Ng observed that the company's Q4 adjusted EPS of $0.72 was ahead of the consensus estimate of $0.63 and the Morgan Stanley estimate of $...
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Morgan Stanley Reiterates Equal-Weight, Lowers Price Target On National-Oilwell Varco On More Mature Deepwater Cycle
Friday, February 6, 2015 - 10:41am | 97Read More...In a report published Friday, Morgan Stanley analyst Ole Slorer reiterated an Equal-Weight rating on National-Oilwell Varco (NYSE: NOV), but lowered the price target from $76.00 to $53.00. In the report, Morgan Stanley noted, "The rig building cycle is now mature and NOV's earnings less defensive....
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Why Morgan Stanley Thinks The Oil Services Sector Will Evolve To Survive Collapse In Crude Prices
Thursday, December 18, 2014 - 6:21pm | 389Read More...A new report by Morgan Stanley looks at how the crash in oil prices will transform the oil services industry in the long-term. Analysts believe that a period of consolidation in the sector will lead to a healthier, stronger industry with higher margins once oil prices recover. Halliburton/Baker...
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UPDATE: Morgan Stanley Downgrades Helix Energy Solutions
Wednesday, November 26, 2014 - 10:37am | 236Read More...Morgan Stanley downgraded Helix Energy Solutions Group Inc (NYSE: HLX) Wednesday from Overweight to Equal-weight and cut its price target from $32 a $31. Analysts Ole Slorer and Igor Levi cut “estimates and PTs across our space due to lower oil prices, driving down FCF and thus spending...
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Morgan Stanley Says Schlumberger Likely To Remain Industry Leader Following Halliburton-Baker Hughes Deal
Tuesday, November 18, 2014 - 9:20am | 197Read More...Following Halliburton Company's (NYSE: HAL) acquisition of Baker Hughes Incorporated (NYSE: BHI) on Monday, Ole Slorer of Morgan Stanley commented that the deal may still not be enough to become an industry leader. According to Slorer, the cost to acquire Baker Hughes represents a "steep premium"...
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UPDATE: Morgan Stanley Upgrades Halliburton
Wednesday, October 15, 2014 - 9:44am | 156Read More...In a note published Wednesday morning, Morgan Stanley analyst Ole Slorer upgraded shares of Halliburton Company (NYSE: HAL) from Equal-weight to Overweight, but has lowered the price target from $63 to $60. Slorer commented, "We see an attractive entry point for a best-in-class company...
