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TULSA, Okla. _ Helmerich& Payne Inc. on Thursday reported fiscal third-quarter net income of $90.9 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Helmerich& Payne shares have dropped 11 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more...
April 29- Drilling contractor Hercules Offshore Inc forecast a challenging year ahead as demand for its rigs remains weak with producers scaling backing drilling due to a slump in global oil prices. Land rig providers Patterson-UTI Energy Inc and Helmerich& Payne Inc said last week that they expect rig count to drop in the current quarter.
April 23- Oil drilling contractors Patterson-UTI Energy Inc and Helmerich& Payne Inc reported higher-than-expected quarterly profits as demand for their hi-tech rigs remained resilient despite the slump in crude prices. The strong demand has helped Patterson-UTI and Helmerich& Payne offset a drop in drilling activities due to a near 45 percent fall in...
April 23- Oil and gas driller Helmerich& Payne Inc reported a better-than-expected quarterly profit as demand for its high-tech rigs remained resilient despite the slump in crude prices. Net profit fell to $149.5 million, or $1.37 per share, in the second quarter ended March 31, from $174.6 million, or $1.59, a year earlier. Excluding gains of about $47 million...
*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...
Some of Thursday's midday movers:
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The OnCue Express in Oklahoma City dropped its gas price by 12 cents to $1.99 per gallon, making it the cheapest station in the country.
Plunging oil prices sparked a drop of almost 40 percent in new well permits issued across the U.S. in November.
Jim Cramer tells a cautionary tale of the short-sellers in oil. Don't overstay your welcome, before you get burned, too!
Stocks rose on Thursday, with benchmarks not far from all-time highs.
Some of Tuesday's midday movers:
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Take a look at some of Thursday's midday movers:
Some of Thursday's midday movers: