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Helmerich & Payne Inc

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  • *Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand fell due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. "We had been expecting Diamond Offshore to follow its prior downturn playbook," analysts at Jefferies& Co wrote in a note to clients.

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. Diamond Offshore's revenue fell 7 Percent to $675.3 million in the fourth quarter ended Dec. 31. Utilization rate for Diamond Offshore's...

  • *Q4 earnings $0.39/ shr vs $0.11/ shr last year. *Q4 rev $901.2 mln vs $658.8 mln last year. Feb 5- Land rig provider Patterson-UTI Energy Inc warned that 2015 would be "challenging," having received indications that customers could terminate a number of longer-term contracts early.

  • Feb 5- Land rig provider Patterson-UTI Energy Inc has halved its full-year rig construction program to 16 new high-tech APEX rigs as oil producers cut back on drilling due to weak prices. Patterson's decision follows rival Helmerich& Payne Inc's announcement last week that it would halve its FlexRig construction program. Patterson's net income more than...

  • Jan 29- Oil and gas driller Helmerich& Payne Inc said it expects revenue for U.S. land rigs to decrease in the current quarter amid a slump in crude oil prices. Helmerich& Payne said it expected the average rig revenue per day in the U.S. land drilling segment to decrease to between $27,000 and $27,500 in the second quarter, after rising 3.5 percent to $29,457 in the...

  • Jan 29- Oil and gas driller Helmerich& Payne Inc reported higher quarterly profit due to compensation from early termination of contracts, and warned results for the rest of 2015 would be hurt by a steep fall in oil prices. Net income rose 17 percent to $203 million, or $1.85 per share, in the first quarter ended Dec. 31. Operating revenue rose 18.8 percent to $1.06...

  • Titans of the sector such as Schlumberger NV and Halliburton Co may have a chance to scoop up assets and know-how from rivals less able to weather the downturn, as their deeper pockets give them a major tactical advantage. Schlumberger was one of his top three holdings as of end-December, according to the fund fact sheet. Norway's Seadrill Ltd for instance has...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • NEW YORK, Jan 12- With nearly a quarter of U.S. energy shares' value wiped out by oil's six-month slide, investors are wondering if the sector has taken enough punishment and whether it is time to pile back in ahead of earnings reports later this month. "Things have changed a lot quicker than I thought they would," says Greg Doramus, sales manager at Orion Drilling in...

  • Jan 8- Pioneer Energy Services Corp said it had received early termination notices for contracts for four rigs in the first quarter as oil companies continue to cut capital spending in the wake of plunging oil prices. Brent crude rose 20 cents to $51.35 by 1121 GMT on Thursday. Larger peer Helmerich& Payne Inc said on Wednesday that rates for its high-tech rigs had...

  • Analysts say companies with considerable debt such as Nabors Industries Ltd and small private firms with less efficient rigs will scramble to keep them in operation. Rig rates of $25,000- $30,000 per day in the quarter ended Sept. 30, are expected to fall 20-25 percent or more next year and talks over lower rates are already underway, analysts said.

  • Cramer: Don't be crude, short sellers, be shrewd Friday, 14 Nov 2014 | 6:43 PM ET
    A Halliburton worker walks through an Anadarko Petroleum Corporation hydraulic fracturing site north of Dacono, Colo., Aug. 12, 2014.

    Jim Cramer tells a cautionary tale of the short-sellers in oil. Don't overstay your welcome, before you get burned, too!

  • Wal-Mart helps lift Dow industrials to record finish Thursday, 13 Nov 2014 | 4:34 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 29, 2014.

    Stocks rose on Thursday, with benchmarks not far from all-time highs.

  • Midday movers: Alibaba, Macy's, Netflix & more Tuesday, 14 Oct 2014 | 1:24 PM ET

    Some of Tuesday's midday movers:

  • After-hours buzz: Krispy Kreme, Wave Systems & more Thursday, 2 Oct 2014 | 5:00 PM ET

    Check out which companies are making headlines after the bell Thursday: Krispy Kreme, Wave Systems & more.

  • Midday movers: AutoNation, GoPro, Wayfair & more Thursday, 2 Oct 2014 | 12:02 PM ET

    Take a look at some of Thursday's midday movers: AutoNation, GoPro, Wayfair & more.

  • Midday Movers: Taminco, Kroger, BlackBerry & more Thursday, 11 Sep 2014 | 12:30 PM ET

    Take a look at some of Thursday's midday movers:

  • Midday movers: Exxon Mobil, Kellogg, Sony & More Thursday, 31 Jul 2014 | 2:14 PM ET

    Some of Thursday's midday movers:

  • Russell gets a facelift, reflecting growth, value Friday, 27 Jun 2014 | 9:55 AM ET
    Traders work on the floor of the New York Stock Exchange on March 26, 2014.

    A reconstitution of the Russell Indexes occurs at the close of Wall Street trading Friday, reflective of the growth vs. value debate.