We recently published 10 Big Names Leaving Wall Street Behind; 7 Are Hitting Record Highs. Transocean Ltd. (NYSE:RIG) was one of the worst performers on Wednesday. Transocean climbed to a new 52-week high of $4.72 on Wednesday, up 9.76 percent, as investors cheered the successful first phase of drilling exploration on ConocoPhilips’ Otway Basin project offshore Victoria, Australia. At market close, the stock trimmed gains to end the day just up by 7.67 percent at $4.63 apiece. In an updated report, Con ...

MONCTON, New Brunswick, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), the largest provider of drilling services to the mining sector, today reported results for the second quarter of fiscal 2026, ended October 31, 2025. Quarterly Highlights: Revenue of $244.1 million, representing the highest quarterly revenue in Company history, and a 29.0% increase when compared to the same period last year.Adjusted gross margin(1) of 26.0%, an i ...

Core Insights - Major Drilling Group International Inc. will release its second fiscal quarter results for the period ending October 31, 2025, on December 10, 2025, after market close [1] - A webcast/conference call is scheduled for December 11, 2025, at 8:00 a.m. Eastern, featuring Denis Larocque, President & CEO, and Ian Ross, CFO, to discuss the results [2] Company Overview - Major Drilling Group International Inc. is recognized as the world's leading provider of specialized drilling services in the metals and mining industry, with operations across North America, South America, Australia, Asia, Africa, and Europe [5] - Established in 1980, the company has developed a strong global brand in the mining sector, known for handling complex drilling projects supported by a skilled workforce and experienced management [5] - The company offers a wide range of drilling services, including reverse circulation, surface and underground coring, directional drilling, and various technology-driven innovation services [6]

Core Viewpoint - Helmerich & Payne (HP) is expected to report a quarterly earnings per share (EPS) of $0.26, reflecting a year-over-year decline of 65.8%, while revenues are projected to be $975.66 million, an increase of 40.6% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 7.9%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3]. Revenue Projections - Analysts predict 'Operating Revenues - North America Solutions' to reach $554.59 million, a decrease of 10.3% from the prior year [5]. - The consensus for 'Operating Revenues - Offshore Solutions' is estimated at $161.29 million, showing a significant increase of 485.5% from the year-ago quarter [5]. - 'Operating Revenues - International Solutions' is expected to be $237.54 million, reflecting a growth of 422.5% compared to the previous year [6]. - 'Operating Revenues - Drilling services' is projected at $959.21 million, indicating a rise of 38.8% from the year-ago quarter [6]. Rig Metrics - The average active rigs for 'North America Solutions' is estimated at 141, down from 151 in the same quarter last year [6]. - For 'Offshore Solutions', the average active rigs are expected to remain at 3, unchanged from the previous year [7]. - The number of available rigs at the end of the period for 'International Solutions' is projected to be 137, up from 27 in the same quarter last year [8]. - The forecast for 'North America Solutions' indicates 223 available rigs, slightly down from 228 in the same quarter last year [8]. Segment Operating Income - Analysts estimate 'Segment operating income (loss) - North America Solutions' to be $133.56 million, down from $155.70 million reported in the same quarter last year [9]. - The expected 'Segment operating income - Offshore Solutions' is projected at $14.90 million, an increase from $4.28 million in the same quarter last year [10]. Stock Performance - Helmerich & Payne shares have increased by 15% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.6% [10].

Core Viewpoint - Major Drilling Group International Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 4,097,159 common shares, approximately 5% of its outstanding shares, over a 12-month period starting October 21, 2025 [1][2]. Group 1: NCIB Program Details - The NCIB Program allows Major Drilling to purchase shares on the Toronto Stock Exchange (TSX) at prevailing market prices, with a daily limit of 34,457 shares, which is 25% of the average daily trading volume for the previous six months [2][3]. - The total number of common shares outstanding as of October 14, 2025, is 81,943,186 [1]. - Shares repurchased under the NCIB Program will be cancelled, which is expected to enhance the value for remaining shareholders [2]. Group 2: Automatic Share Purchase Plan (ASPP) - Major Drilling will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during regulatory restrictions or blackout periods [3][4]. - The designated broker will make purchases based on parameters set by the company prior to entering a blackout period [4]. Group 3: Company Overview - Major Drilling is the largest provider of specialized drilling services in the mining sector, with operations across North America, South America, Australia, Asia, Africa, and Europe [6]. - Established in 1980, the company has built a reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7].

Core Insights - Three stocks with strong buy rankings and value characteristics are highlighted for investors: Weatherford International, Federated Hermes, and California Resources Weatherford International (WFRD) - The company specializes in drilling solutions, gas well unloading, restoration, and related activities [1] - It has a Zacks Rank of 1 (Strong Buy) and a 11% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The price-to-earnings (P/E) ratio is 11.83, significantly lower than the industry average of 17.30 [2] - Weatherford possesses a Value Score of A [2] Federated Hermes (FHI) - This global asset manager provides investment advisory, administrative, and distribution services for various investment products [3] - It also holds a Zacks Rank of 1 and has seen a 2.2% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - The P/E ratio stands at 11.33, compared to the industry average of 12.90 [4] - Federated Hermes has a Value Score of B [4] California Resources (CRC) - The company focuses on oil and natural gas exploration and production, primarily based in California [5] - It carries a Zacks Rank of 1 and has experienced a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [5] - The P/E ratio is 11.41, well below the industry average of 43.10 [5] - California Resources also has a Value Score of B [5]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Company Performance - HudBay Minerals (HBM) has seen a 9.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - GigaCloud Technology Inc. (GCT) has experienced a 6.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Weatherford International (WFRD) has reported a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Maximus (MMS) has seen a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Jackson Financial (JXN) has experienced a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Points - Shelf Drilling's shareholders approved a cash merger with ADES, with 99.6% of votes in favor [1] - ADES International Holding agreed to acquire all shares of Shelf Drilling for Nkr18.50 per share, valuing the company at approximately $380 million [2][3] - The merger is subject to customary closing conditions and regulatory approvals, with completion expected in Q4 2025 [4] Company Overview - Shelf Drilling operates a fleet of 33 jack-up rigs across various regions including South East Asia, India, West Africa, the North Sea, and the Middle East [5] - ADES operates approximately 50 jack-up rigs and 40 land rigs across seven countries [5] - Post-merger, Shelf Drilling will remain the surviving entity [5]

Core Viewpoint - Precision Drilling Corporation has appointed Mr. Carey Ford as the new President and Chief Executive Officer, succeeding Kevin Neveu, who has retired after 18 years in the role [1][6]. Leadership Changes - Mr. Ford has been with Precision since 2011 and served as Chief Financial Officer since 2016, where he has strengthened investor confidence and guided the company's financial strategy [2]. - The Board has also appointed Gene Stahl as Chief Operating Officer, who has over 28 years of experience with the company, and Dustin Honing as Chief Financial Officer, who has nearly 15 years of experience at Precision [4]. Strategic Direction - Mr. Ford expressed enthusiasm for his new role and emphasized the company's commitment to serving customers and operating safely, while also looking forward to guiding Precision into its next growth phase [3]. - The Board expressed full confidence in Mr. Ford's leadership and highlighted the company's focus on advancing its technology-driven strategy and delivering sustainable long-term value for stakeholders [5]. Company Overview - Precision is a leading provider of safe and environmentally responsible services to the energy industry, with a focus on High Performance and High Value services [7]. - The company offers an extensive fleet of Super Series drilling rigs and has developed a digital technology portfolio known as Alpha, which utilizes advanced automation software and analytics [7]. - Precision is headquartered in Calgary, Alberta, Canada, and is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [8].

Company Overview - Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering access to an extensive fleet of Super Series drilling rigs [4] - The company has commercialized an industry-leading digital technology portfolio known as Alpha™, which utilizes advanced automation software and analytics to deliver efficient, predictable, and repeatable results for energy customers [4] - Precision also offers well service rigs, camps, and rental equipment, supported by a comprehensive mix of technical support services and skilled personnel [4] Upcoming Financial Results - Precision Drilling intends to release its 2025 third quarter results after the market closes on Wednesday, October 22, 2025 [1] - A conference call is scheduled for Thursday, October 23, 2025, at 11:00 a.m. MT (1:00 p.m. ET) to discuss the results [1] - Participants can register for the conference call to receive a dial-in number and unique PIN for questions [1][2] Additional Information - Precision Drilling is headquartered in Calgary, Alberta, Canada, and is listed on the Toronto Stock Exchange under the symbol "PD" and on the New York Stock Exchange under the symbol "PDS" [5] - For more information, the company can be contacted through its Vice President of Investor Relations, Lavonne Zdunich [6]