Dover Target Price Raised by RBC

Dover Target Price Raised by RBC

Dover received a slight price-target increase from RBC Capital Markets as the firm said its expectations have increased for the manufacturer of equipment and components to divest part or all of its energy segment. RBC also said it sees oil-services company Halliburton (HAL) as being at the top of the short list of potential suitors given its desire to expand in artificial lift. Shares of Halliburton rose 1.0% to $43.30 […]

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ConocoPhillips Sells Barnett Assets

ConocoPhillips Sells Barnett Assets

Oil and gas company ConocoPhillips (COP) has agreed to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million. Proceeds from the deal will be used for general corporate purposes. Full-year 2016 production associated with the Barnett assets was 11,000 barrels of oil equivalent per day (MBOED), of which approximately 55% was natural gas and 45% was natural gas liquids. Year-end 2016 […]

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Bellatrix Exploration Inks Deal

Bellatrix Exploration Inks Deal

Bellatrix Exploration said early Wednesday it entered into an agreement for the sale of non-core assets in the Strachan area of Alberta for $34.5 million. The sale is consistent with the company’s strategy to maintain a focused and concentrated asset base, while strengthening the balance sheet, it said in a statement. Additionally, Bellatrix plans on reviewing its full-year 2017 capital expenditure budget, with the intention of reinvesting a portion of […]

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Mesa Laboratories Fiscal Q4 Results Miss Views

Mesa Laboratories Fiscal Q4 Results Miss Views

Mesa Laboratories reported pre-market Wednesday fiscal Q4 adjusted earnings and revenues that fell short of the average of two analysts polled by Capital IQ. For Q4 ended March 31, the supplier of quality control instruments reported adjusted EPS of $1.24 per share, down from $1.33 per share and below the $1.31 per share average estimate. Revenues fell 2% year-over-year to $24.3 million and were below the $27.1 million average estimate. […]

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Mobileye Q1 Tops Street View

Mobileye Q1 Tops Street View

Mobileye, a maker of technologies to serve advanced driving and autonomous vehicles, reported Thursday Q1 earnings and revenues above Street views. Mobileye agreed to be acquired by Intel (INTC) in March at $63.54 a share. Mobileye reported Q1 adjusted EPS of $0.25, a penny above the Street view as compiled by Capital IQ, and up from $0.15 reported a year earlier. The company reported $124.7 million in revenues, above the […]

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