NEW YORK (
(BHI - Get Report)
Teekay LNG Partners
(TGP - Get Report)
emerged as top gainers in the energy industry last week, while
(TSL - Get Report)
(APA - Get Report)
(MUR - Get Report)
headed the losers' list.
Baker Hughes gained 14.1%, topping the energy gainers, after announcing higher-than-expected earnings for the fourth quarter. Citigroup raised its target for Baker Hughes to $63 from $58, while maintaining a hold rating. Morgan Stanley raised its price target to $100 from $90, and maintained an overweight rating.
Teekay LNG Partners rose 13%. During the week, the company declared a cash distribution of 63 cents a unit for the fourth quarter, implying an increase of 3 cents, or 5% from the prior quarter.
"The partnership's growing portfolio of long-term, fixed-rate charters continues to provide a stable and increasing base of distributable cash flow," said Peter Evensen, CEO of Teekay, in a press release. "Today's distribution increase primarily reflects the incremental distributable cash flow resulting from the partnership's November 2010 acquisition of a 50% interest in two LNG carriers under long-term, fixed-rate charters with Excelerate Energy LP."
advanced 12.8% after reporting fourth-quarter earnings of 90 cents a share vs. consensus of 79 cents. The stock was raised to outperform at BMO Capital markets, while Global Hunter Securities cut the rating to accumulate from buy.
(HAL - Get Report)
gained around 12% last week. Madison Williams upgraded Halliburton to buy from accumulate. Citigroup raised its price target to $56 from $50, maintaining its buy rating on the stock.
rose 11.9% following declaration of cash distribution of 84.5 cents a unit for the fourth quarter vs. 83.5 cents distributed in the prior quarter.
Helmerich & Payne
advanced 11.3% after reporting first-quarter earnings of 96 cents a share vs. consensus of 82 cents a share. Revenue came in at $594.6 million vs. consensus $559.4 million.
surged 11.1% after announcing a production of 11,384 barrels of oil equivalent per day (boe/d) vs. the forecast of10,200-10,800 boe/d.