London-listed oil equipment and services firm Lamprell updated investors on its development strategy in Saudia Arabia on Monday.
Mitie Group: Barclays upgrades to overweight with a target price of 180p.
Oil services group Lamprell said on Thursday that its earnings for 2017 are likely to be "materially below" current market expectations as its East Anglia offshore windfarm project is expected to make a "significant" loss.
Countrywide: Credit Suisse downgrades to Underperform with a target price of 111p.
Oil rig builder Lamprell posted a drop in first-half revenue on Friday as it warned that revenue for 2018 would be 10% lower on the year.
Oil services group Lamprell announced the appointment of John Malcolm as non-executive chairman later this month following the planned retirement of John Kennedy.
Lamprell on Tuesday said it had reached "an amicable settlement" with Schlumberger unit Cameron International over issues associated with jacking equipment supplied by Cameron in 2016.
Shares in Lamprell surged on Wednesday as the UAE-based oil rig maker said it will form part of a joint venture led by Saudi Aramco to establish, develop and operate a maritime yard for the construction of offshore drilling rigs and vessels on the East Coast of Saudi Arabia.
Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.
Tullow Oil: Goldman Sachs upgrades to Neutral with a target price of 200.6p.
Lamprell, a provider of diversified fabrication, engineering and contracting services to the global energy industry, has swung to a full-year pre-tax loss driven by goodwill impairment, not helped by a fall in revenue.
Engineering services group Lamprell tanked on Monday after it said revenue for 2017 is likely to be at the lower end of its guidance amid challenging market conditions.
Lamprell has been awarded a new contract from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One offshore wind farm in the southern North Sea.
Oil services group Lamprell has won a contract worth around $90m from Master Marine subsidiary Jacktel AS for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil Johan Sverdrup field, offshore Norway.
Oil services group Lamprell has appointed Christopher McDonald as chief executive officer with effect from 1 October, succeeding Jim Moffat who will be retiring as previously announced.
Lamprell warned on Tuesday that revenues in 2017 would take a hit from the challenging market environment as it said that delivery of the jackup drilling rig which had been scheduled for the second quarter has been delayed.
Lamprell subsidiary Maritime Offshore has entered a joint-development agreement in connection with a potential partnership collaboration to establish a Maritime Yard in Saudi Arabia.
Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week.
UAE-based oil rig maker Lamprell was under the cosh after Canaccord Genuity cut its rating on the stock to 'hold' from 'buy' and slashed the price target to 95p from 150p saying the company's transformation has stalled.
James Moffat will retire from his role as Lamprell's chief executive next year, the London-listed company said on Friday.