Showing posts with label Union Drilling. Show all posts
Showing posts with label Union Drilling. Show all posts
Wednesday, September 26, 2012
Potash (POT) (RIG) (CCJ) (CHK) (EPL) (UDRL) (AGU) Ratings Changes and Initiations
Shares of Potash Corp (POT), Transocean (RIG), Cameco Co. (CCJ), Chesapeake Energy (CHK), Energy Partners, Ltd. (EPL), Union Drilling, Inc. (UDRL) and Agrium (AGU) had ratings on them adjusted or initiated by analysts.
Goldman Sachs (GS) upgraded Transocean (RIG) from a "Sell" rating to a "Neutral" rating. They have a price target of $54.00 on the company.
TD Securities downgraded Cameco Co. (CCJ) from a "Buy" rating to a "Hold" rating. They have a price target of $24.00 on the company.
Stifel Nicolaus downgraded Chesapeake Energy (CHK) from a "Buy" rating to a "Hold" rating. They have a price target of $22.00 on the company.
Stifel Nicolaus downgraded Energy Partners, Ltd. (EPL) from a "Buy" rating to a "Hold" rating.
Gabelli downgraded Union Drilling, Inc. (UDRL) from a "Buy" rating to a "Hold" rating.
Dundee Securities initiated coverage on Agrium (AGU). They placed a "Buy" rating on the company.
Dundee Securities initiated coverage on Potash Corp. (POT). They placed a "Buy" rating on the company.
Thursday, March 4, 2010
Union Drilling (Nasdaq:UDRL) Narrows Losses
Union Drilling Quarterly Results
Union Drilling (Nasdaq:UDRL) lowered its losses in the fourth-quarter of 2009 over the fourth quarter of 2008, but revenue plunged to about half of what it was year-over-year.
In 2008, profits surged largely because of a writedown on assets held by the company.
Losses this year came in at $2.9 million, or 12 cents a share, while losses in fourth quarter of 2008 stood at $3.7 million or 17 cents a share.
But taking into account the charges for both quarter, the 2009 fourth quarter was a disaster, as the 2008 fourth quarter would have ended with a profit of $4.2 million, while this fourth quarter would have resulted in losses of $1.9 million otherwise.
Revenue mixed expectations, although not by much, as it dropped to $40.6 million, while analysts had looked for $41 million. From a year ago though, revenue had been $80.9 million.
For all of 2009, Union Drilling profits were down by about $12 million, or 55 cents a share. In 2008 the company generated $7.8 million, or 35 cents a share profit.
Revenue also dropped in a big way from $302.8 million in 2008 to only $168.9 million in 2009. A bad year no matter how you look at it.
Union Drilling Quarterly Results
Union Drilling (Nasdaq:UDRL) lowered its losses in the fourth-quarter of 2009 over the fourth quarter of 2008, but revenue plunged to about half of what it was year-over-year.
In 2008, profits surged largely because of a writedown on assets held by the company.
Losses this year came in at $2.9 million, or 12 cents a share, while losses in fourth quarter of 2008 stood at $3.7 million or 17 cents a share.
But taking into account the charges for both quarter, the 2009 fourth quarter was a disaster, as the 2008 fourth quarter would have ended with a profit of $4.2 million, while this fourth quarter would have resulted in losses of $1.9 million otherwise.
Revenue mixed expectations, although not by much, as it dropped to $40.6 million, while analysts had looked for $41 million. From a year ago though, revenue had been $80.9 million.
For all of 2009, Union Drilling profits were down by about $12 million, or 55 cents a share. In 2008 the company generated $7.8 million, or 35 cents a share profit.
Revenue also dropped in a big way from $302.8 million in 2008 to only $168.9 million in 2009. A bad year no matter how you look at it.
Union Drilling Quarterly Results
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