Financial News

US Oil Rig Count Surges to Highest Since November 2015

The US oil rig count rose for the 11th time in 12 weeks, jumping by 29 to the highest since the period ending Nov. 25, 2015, Baker Hughes (BHI) data showed on Friday. The tally compares to 510 in the same period a year ago, while the oil and gasRead More

WNS Posts Fiscal Q3 EPS, Revenue Beat

WNS reported financial results for fiscal Q3, with both top and bottom lines exceeding Street expectations; it also raised its guidance for fiscal 2017 above analysts’ forcasts. For the quarter ended Dec. 31, the provider of global business process management services posted adjusted earnings of $0.49 per ADS, compared withRead More

Production Jump Leaves Year-End Upturn

The 0.8% U.S. December industrial production surge after downward revisions beat estimates of a 0.6% increase, which leaves an upturn into year-end, as the big 9.7% weather-hit to the utility output over the prior three months was sharply reversed with a 6.6% pop, alongside a 1.8% vehicle assembly rate bounceRead More

Tutor Perini Wins LA Purple Line Contract

Tutor Perini, a construction company, said Tuesday it has received a notice of intent to award a contract from the Los Angeles County Metropolitan Transportation Authority for the Westside Purple Line extension Section 2 project. The contract is valued at more than $1.38 billion. The project involves construction of aRead More

Sanchez Energy Hits New 1.5-Year High

Shares of Sanchez Energy (SN) surged to a new high since June 2015 on Friday after it and funds managed by Blackstone’s (BX) Energy Partners said late Thursday they struck a 50/50 partnership to acquire Anadarko Petroleum’s (APC) working interest in approximately 318,000 gross operated acres in the Western EagleRead More

Willdan Gets Contract

Willdan Group said Wednesday it received a new three-year, $75 million base contract to implement Con Edison of New York’s commercial direct install program across the utility’s New York City and Westchester County service area. Shares added 2% in intraday trading. This new program replaces and expands Con Edison’s SmallRead More