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Sector Snap: Oilfield Services Stocks Climb
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DIRK LAMMERS
SIOUX FALLS, S.D. (AP) — FBR Capital Markets upgraded several oilfield services and drilling companies Tuesday, predicting an earnings rebound in 2011.
Shares of Key Energy Services Inc. climbed 46 cents, or 7.7 percent, to $6.40 in afternoon trading after FBR named it as its small-cap top pick. FBR rates the Houston-based company "Outperform."
FBR said Key should benefit from the completion of wells drilled in the first half of 2009 and growth in Mexican onshore oil development. ...
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