Showing posts with label Lufkin. Show all posts
Showing posts with label Lufkin. Show all posts

Wednesday, November 30, 2011

Lufkin (LUFK) (INHX) (KMP) (KR) (KSS) (LULU) (MCD) Ratings Reiterated

Lufkin Industries Inc. (NASDAQ: LUFK), Inhibitex (NASDAQ: INHX), Kinder Morgan Energy Partners LP (NYSE: KMP), Kroger (NYSE: KR), Kohls Corp. (NYSE: KSS), Lululemon (NASDAQ: LULU) and McDonald’s (NYSE: MCD) had ratings on them reiterated by analysts.

Citigroup (NYSE:C) reiterated its "Buy" rating on Lufkin Industries Inc. (LUFK). They have a price target of $65.00 on the company.

Robert W. Baird reiterated its "Positive" rating on Inhibitex (INHX).

Citigroup reiterated its "Neutral" rating on Kinder Morgan Energy Partners LP (KMP).

Deutsche Bank (NYSE:DB) reiterated its "Buy" rating on Kroger (KR). They have a price target of $28.00 on the company.

Jefferies (NYSE:JEF) reiterated its "Hold" rating on Kohls Corp. (KSS).

Jefferies reiterated its "Hold" rating on Lululemon (LULU). They have a price target of $59.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on McDonald’s (MCD).

Friday, May 20, 2011

Callon (CPE) (ROSE) (LINE) (LUFK) (CAM) Trade Mixed as Energy Falls

Shares of Callon Petroleum (NYSE:CPE), Rosetta Resources (NASDAQ:ROSE), Linn Energy, LLC (NASDAQ:LINE), Lufkin Industries, Inc. (NASDAQ:LUFK) and Cameron International (NYSE:CAM) traded mixed on Thursday as oil and gas were down on the day.

Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.

Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.

June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.

Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.

Thursday, May 19, 2011

Baker Hughes (BHI) (LUFK) (OIS) (GST) (AXAS) Trade Up on Weak U.S. Dollar

Shares of oil and oil related companies Baker Hughes Incorporated (NYSE:BHI), Lufkin Industries, Inc. (NASDAQ:LUFK), Oil States Intl., Inc. (NYSE:OIS), Gastar Exploration Ltd (AMEX:GST) and Abraxas Petroleum Corp. (NASDAQ:AXAS) traded higher Wednesday after a report from the Energy Information Administration saying gas inventory was up less than expected and oil inventory was flat.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Retail gasoline prices continued to fall, dropping almost 2 cents on Wednesday for a national average of $3.926 a gallon. Gasoline demand continues to fall in wake of high prices at the pump.

Heating oil for June increased 6.08 cents to settle at $2.9059 a gallon and gasoline futures jumped 3.62 cents to settle at $2.9555 a gallon. Natural gas gained 2 cents at $4.266 per 1,000 cubic feet.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in oil prices going up, as well as other commodity prices as well.

The euro traded at $1.4233, strengthening after falling to $1.4193 and up slightly from its $1.4219 close on Tuesday.

Traders bought commodities, including oil, on the weaker greenback.

Abraxas Petroleum Corp. (AXAS) closed Wednesday at $4.08, gaining $0.30, or 7.94 percent.

Tuesday, May 17, 2011

Shares of (FTK) (BHI) (LUFK) (OIS) (GST) Trade Down as Oil Continues to Fall

The share prices of Flotek Industries, Inc. (NYSE:FTK), Baker Hughes Incorporated (NYSE:BHI), Lufkin Industries, Inc. (NASDAQ:LUFK), Oil States Intl., Inc. (NYSE:OIS) and Gastar Exploration Ltd (AMEX:GST) traded down Monday as the falling price of oil and gas weighed on the companies.

U.S. crude futures fell 2.3 percent and gasoline futures dropped 5 percent to hit a nine-week low as worries mounted about high prices squelching energy demand and the fragile economy weigh on the industry.

Crude futures have fallen close to 15 percent so far on the month.

Oil futures were down 2.3 percent to $97.37 a barrel in New York. June Brent fell to $112.87, down 1 percent for Monday.

Gasoline futures for June delivery declined 14 cents, or 5.01 percent, to end the session at $2.93 a gallon, the lowest close since March 16.

U.S. gasoline at the retail level fell to $3.955 Monday from $3.961 Sunday. Diesel prices dropped $4.123 from $4.127.

June natural gas closed up 7 cents, or 1.7 percent, at $4.32 per million British thermal units. Natural gas prices were up on concerns flooding in Louisiana may cut back on supply.

Heating oil futures were down Monday, with the June heating oil contract closing at $2.87 a gallon, down 7 cents, or 2.3 percent.

Flotek Industries closed at $8.10, down $0.52, or 6.03 percent.

Monday, May 16, 2011

Petrohawk (HK) (TAT) (LUFK) (TSO) (APA) Trade Mixed as Oil Prices Rebounded

Shares of Petrohawk Energy Corp. (NYSE:HK), TransAtlantic Petroleum (AMEX:TAT), Lufkin Industries, Inc. (NASDAQ:LUFK), Tesoro Corporation (NYSE:TSO) and Apache Corp (NYSE:APA) traded mixed even as oil prices closed Friday in positive territory.

On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.

For the week, front-month crude climbed $2.47, or 2.5 percent.

ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.

The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.

NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.

For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.

NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.

Front-month heating oil for last week was up 9.65 cents.

Petrohawk Energy Corp. (NYSE:HK) closed Friday at $24.33, falling $0.07, or 0.29 percent.

Wednesday, May 11, 2011

Exxon Mobil (XOM) (FTK) (BHI) (LUFK) (COP) Trade Positive as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, pushing up the share prices of Exxon Mobil (NYSE:XOM), Flotek Industries, Inc. (NYSE:FTK), Baker Hughes Incorporated (NYSE:BHI), Lufkin Industries, Inc. (NASDAQ:LUFK) and Conoco (NYSE:COP).

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Uncertainty remains as to the effects of the flooding along the Mississippi River could have on regional refinery operations, which could slow down gasoline production and put upward pressure on prices.

ConocoPhillips (COP) closed at $74.60, up $0.88, or 1.19 percent.

Tuesday, May 10, 2011

Carrizo (CRZO) (UPL) (WTI) (LUFK) (XOM) Trade Up as Oil Prices Rebound

Most oil and related companies performed strong Monday, as Carrizo Oil & Gas (NASDAQ:CRZO), Ultra Petroleum (NYSE:UPL), W&T Offshore (NYSE:WTI), Lufkin Industries, Inc. (NASDAQ:LUFK) and Exxon Mobil (NYSE:XOM) traded up as the price of oil rebounded.

Gastar was the only one of the list above to close down Monday.

Crude oil for June delivery climbed $5.37 to settle at $102.55 a barrel on the New York Mercantile Exchange, the largest one-day boost since February 22.

Brent crude for June settlement jumped $6.77, or 6.2 percent, to $115.90 a barrel on the London-based ICE Futures Europe exchange.

Wholesale gasoline prices soared 5 percent on Monday to $3.20 a gallon on fears that refineries in Mississippi may have to shut down because of the Mississippi River flooding.

The average U.S. price of a gallon of regular gasoline Monday fell by a penny to $3.96, according to AAA.

Immediate delivery futures of Texas crude oil rose $5.53 to $102.71 a barrel. Natural gas was up 0.06 cents to $4.17 per mbtu, while gasoline prices fell 20.17 cents to 329.18 cents a gallon.

Carrizo Oil & Gas (CRZO) closed Monday at $36.51, climbing $2.24, or 6.54 percent.

Monday, May 9, 2011

Shares of (LUFK) (CRZO) (SLB) (APA) (BP) Trade Mixed as Oil Closed Down 15% Last Week

Companies exposed to oil and the industry traded mixed to end the week, as oil prices plummeted 15 percent last week, taking Lufkin Industries, Inc. (NASDAQ:LUFK), Carrizo Oil & Gas (NASDAQ:CRZO), Schlumberger (NYSE:SLB), Apache Corp (NYSE:APA) and BP (NYSE:BP), and others, down with it.

Light, sweet crude oil for June delivery on the New York Mercantile Exchange dropped $2.62 to settle at $97.18 a barrel, matching the eight-week low of March 15. The U.S. Oil Fund (USO) closed down 1.1 percent on Friday.

For the week, the June oil futures contract fell 14.7 percent to $113.93.

Light, sweet crude for June delivery fell $2.62, or 2.6%, to close at $97.18 a barrel on the New York Mercantile Exchange.

In London, Brent crude finished the day off $1.67 at $109.13 per barrel on the ICE Futures exchange.

Republicans went on the offensive against higher oil and gas prices by passing a bill to hasten the leasing process dragging on in the Gulf of Mexico as the Obama administration drag their feet on taking action. The bill would also require leasing to be allowed off the coast of Virginia.

According to Rep. Michael Burgess (R-Texas), the bill helped push down the price of oil as it sent a message to the market they're serious about the future supply.

All Obama has done so far has obsessed on the fantasy of green, clean or so-called alternative energy; a dubious matter at best, and at worst, ignoring what they country needs now and is available to it.

In other Nymex trading for June contracts, heating oil fell 4.12 cents to $2.8457 a U.S. gallon and gasoline futures were down 0.53 cents to $3.0901 a U.S. gallon. Natural gas fell 3.4 cents to $4.297 per 1,000 cubic feet.

Apache Corp (APA) closed Friday at $124.21, gaining $1.37, or 1.12 percent.

Friday, May 6, 2011

BP (BP) (LUFK) (BRY) (EGY) (CAM) Pressured as Oil Tumbles

Shares of oil and oil-related companies BP (NYSE:BP), Lufkin Industries, Inc. (NASDAQ:LUFK), Berry Petroleum (NYSE:BRY), Vaalco Energy (NYSE:EGY) and Cameron International (NYSE:CAM) were pressured Thursday as crude for June delivery dropped below the $100 a barrel mark.

Crude oil for June delivery was down $9.44, or 8.6 percent, to $99.80 a barrel on the New York Mercantile Exchange. The price has fallen 12 percent so far this week, declining every day of the week. Crude has soared 25 percent over the last year.

Gasoline for May delivery was down 22.71 cents, or 6.8 percent, to $3.0954 a gallon on the Nymex, the lowest settlement in five weeks. Gasoline has jumped 39 percent in a year.

Averaged across the nation, regular gasoline at the pump increased 0.3 cent to $3.985 a gallon on Wednesday, according to the website of AAA. That's highest price of gasoline since July 24, 2008.

Heating oil for May delivery was down 25.61 cents, or 8.1 percent, to $2.8869 a gallon on the Nymex. Heating oil has climbed 32 percent over the last year.

The New York Mercantile Exchange reported that oil futures settled at $99.80, down $9.44 or 8.6 percent on Thursday.

Government figures show gasoline demand in America has dropped about 2 percent over the last month, which added to rises in inventory, should push gasoline prices down again.

BP (BP) closed Thursday at $43.48, dropping $0.90, or 2.03 percent.

Thursday, May 5, 2011

Anadarko (APC) (WTI) (BOLT) (DRQ) (LUFK) Down on Slowing Oil Demand

Oil companies and other industry-related companies W&T Offshore (NYSE:WTI), Bolt Technology Corp. (NASDAQ:BOLT), Dril-Quip, Inc. (NYSE:DRQ), Lufkin Industries, Inc. (NASDAQ:LUFK) and Anadarko (NYSE:APC) all closed down Wednesday as oil prices took a breather.

Oil prices dropped after a government report showed that inventories are growing as demand softens in the U.S. Benchmark crude for June delivery was down $1.81 to settle at $109.24 a barrel on the New York Mercantile Exchange.

In other NYMEX trading for June contracts, heating oil fell 4.78 cents to settle at $3.143 a gallon, gasoline futures lost 0.69 cent to $3.3225 a gallon and natural gas was lower by 9.4 cents to $4.644 per 1,000 cubic feet.

The U.S. dollar index shrunk 0.15 percent to $73.01, down from Tuesday's 73.127 close. The dollar index has fallen 7.5 percent so far in 2011.

Anadarko (APC) closed Wednesday at $76.08, falling $2.43, or 3.10 percent.

Wednesday, May 4, 2011

Pressure Hits (BP) (GEOI) (ROSE) (LINE) (LUFK) as Oil Demand Falls

Falling demand for fuel has pushed down oil inventories and the price of oil, putting pressure on GeoResources (NASDAQ:GEOI), Rosetta Resources (NASDAQ:ROSE), Linn Energy, LLC (NASDAQ:LINE), Lufkin Industries, Inc. (NASDAQ:LUFK) and BP (NYSE:BP).

Light, sweet crude for June delivery settled down $2.47, or 2.2%, at $111.05 a barrel on the New York Mercantile Exchange. London Brent crude for June fell $2.67 to settle at $122.45 a barrel.

Front-month June reformulated gasoline blendstock, or RBOB, settled down $1.85 cents, or 0.6%, at $3.3294 a gallon. June heating oil lost 6.13 cents, or 1.9%, to settle at $3.1908 a gallon.

Gasoline prices on average across America have jumped to just under $4.00 a gallon, rising to $3.97 a gallon for regular gas, according to AAA.

Silver is considered the key catalyst for downward pressure on oil prices and trading, as it has become a proxy to some for risk appetite among commodity traders.

After selling out of silver commodity traders followed up with divesting of positions in oil as well.

Even so, it appears the slight strengthening of the U.S dollar played a bit role Tuesday as well.

Rosetta Resources closed at $41.86, falling $2.95, or 6.58 percent.

Tuesday, May 3, 2011

Lufkin (LUFK) (NOG) (STR) (APA) (APC) Trade Mixed on Volatile Energy Day

On a volatile day for oil prices, shares of Lufkin Industries, Inc. (NASDAQ:LUFK), Northern Oil and Gas (Amex:NOG), Questar Corporation (NYSE:STR), Apache Corp (NYSE:APA) and Anadarko (NYSE:APC) closed mixed on the uncertainty following the death of Osama bin Laden.

Crude futures settled lower Monday after the death of Osama bin Laden stirred up oil markets, as traders attempted to measure the impact of the event on the stability in the Middle East.

Light, sweet crude for June delivery settled 41 cents, or 0.4%, lower at $113.52 a barrel on the New York Mercantile Exchange, in a volatile session that saw both two-and-a-half year highs near $115 a barrel and a decline to $110.82 a barrel.

Brent crude on the ICE futures exchange closed 77 cents lower at $125.12 a barrel.

Front-month June reformulated gasoline blendstock, or RBOB, settled 5.05 cents, or 1.5 percent down at $3.3479 a gallon. June heating oil settled 2.37 cents, or 0.7 percent lower at $3.2521 a gallon.

Anadarko closed Monday at $80.35, gaining $1.41, or 1.79 percent.

Monday, May 2, 2011

Anadarko (APC) (NOG) (WLL) (EPM) (LUFK) Mixed on Gas, Oil Price Jumps

Northern Oil and Gas (Amex:NOG), Whiting Petroleum (NYSE:WLL), Evolution Petroleum (Amex:EPM), Lufkin Industries, Inc. (NASDAQ:LUFK) and Anadarko (NYSE:APC) close mixed as oil and gasoline prices jump again.

Nymex light, sweet crude oil for June delivery rose $1.07 a barrel, to $113.93 a barrel. That's the highest close in two-a-half-years.

On Nymex, reformulated gasoline blendstock futures for May delivery expired at $3.4648 a gallon, up 3.5 cents Friday. That is the highest level since July 14, 2008. Prices have soared 23.17 cents, or 7.2 percent, over the past week.

AAA Daily Fuel Gauge Report said the nationwide average price of regular gasoline was $3.909 a gallon Friday, up 6.1 cents from last week.

May heating oil expired at $3.2558 a gallon, up 2.42 cents, and the highest since April 8.

Tightening inventory and higher gasoline prices continue to push oil prices up. Another major factor, as it is with most commodities, is the ongoing collapse of the U.S. dollar. That will continue based on Federal Reserve chairman Ben Bernanke's comments he's not going to raise interest rates.

Anadarko closed Friday at $78.94, up $0.30, or 0.38 percent.

Friday, April 29, 2011

Lufkin (LUFK) (WTI) (CWEI) (SLB) (CAM) Close Mixed as Oil, Gas Rise

Lufkin Industries, Inc. (NASDAQ:LUFK), W&T Offshore (NYSE:WTI), Clayton Williams Energy (NASDAQ:CWEI), Schlumberger (NYSE:SLB) and Cameron International (NYSE:CAM) closed mixed as oil, gasoline and natural gas moved up in price Thursday.

Oil settled higher in volatile trading Thursday, pushed up by a collapsing U.S. dollar. After soaring to close to $114 a barrel, West Texas Intermediate crude settled up 10 cents, at $112.86, in futures trading in New York.

Brent North Sea crude oil fell 11 cents to settle at $125.02 a barrel on the Ice Futures exchange.

In futures trading on the New York Mercantile Exchange, natural gas climbed 15.7 cents to settle at $4.63 per million British thermal units.

Gasoline for May delivery jumped 1.04 cents, or 0.3 percent, to $3.4298 a gallon, the highest settlement since July 14, 2008. Futures have risen 47 percent in the past year.

The Dollar Index fell to the lowest level since July 31, 2008. The index was down 0.5 percent to 73.139, its eighth straight daily decline.