BJ Services – BJ

We are reiterating our Sell rating on BJ Services (<a href=http://www.zacks.com/stock/quote/BJS>BJS</a> shares to reflect our weak outlook for the North American pressure pumping market. <P ALIGN=&quot;left&quot;> While the current U.S. rig count is already down more than 50% from its all-time peak in August 2008, we see significant room for further decline in the coming months before the market stabilizes. This expected drop in the rig count will affect demand for pressure pumping services, which will continue to weigh on dayrates and margins into 2010, even as normal demand resumes towards the end of 2009, in our view. <P ALIGN=&quot;left&quot;> While the company should fare better than many of its smaller peers, given the size and scope of its operations and its strong financial health, it is nevertheless faced with pricing pressures and margin compression in the coming quarters. <P ALIGN=&quot;left&quot;>

Comments

• Enhanced Categores

  • Analyst Opinions (3943)
  • ETF Picks (98)
  • Mergers and Acquisitions (1861)
  • Stock Picks (1289)
  • Stocks to Sell (435)
  • Uncategorized (62)

• Archives

  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008

• Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

• Pages

  • About Us
  • Contact Us

• 
  

• About

  StockPickBloggers.com brings you the hottest stock picks from the investment community.

• Blogroll

  • Bear of the Day - Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners.
  • Bull of the Day - Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners.
  • Hot Stock Picks - Hot stock picks from the stock market neural network scan of Stocknod.com. Get today’s best stock picks from the leader in stock picks analysis.
  • Investools
  • MarketRiders Blog - Asset Allocation, Retirement Investing, ETFs, Vanguard Index Funds, Investment Software
  • Marketwire – Mergers and Acquisitions - Marketwire – Mergers and Acquisitions
  • Motley Fool
  • Seeking Alpha
  • The Stock Advisors - Explore the world of financial newsletters.  For years, independent newsletter advisors have provided their subscribers with better returns than most other sources.  Most of the greatest stock pickers in the world allow us to reprint stock recom
  • The StockCharts.com Market Message - Get exclusive commentary on what’s going on in the market at Stockcharts.com. The Market Message is a paid service, for information regarding signing up please visit http://stockcharts.com.
  • US Economy & Stock Market Analysis with Stock Picks & Free Investing Tips - Stay Connected – Never miss trade
  • Zack's Analyst Opinions - Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners.