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Cameron
Type
Public
Traded as NYSE: SLB
S&P 500 component
Fortune 500
Industry Oil well Services, Equipment
Founded 1920, Houston, Texas
Headquarters Park Towers South
Houston, Texas
United States
Key people
Olivier Le Peuch (CEO)
Products Technical services to the petroleum industry; Construction
Revenue US $9.8 billion (2013)
Number of employees
23,412 (2015)
Website cameron.slb.com

Cameron International Corporation (formerly Cooper Cameron Corporation, CCC) is a Schlumberger company and a global provider of pressure control, processing, flow control and compression systems as well as project management and aftermarket services for the oil and gas and process industries. It employs approximately 23,000 people and is headquartered in Park Towers South, Houston, Texas. In 2006 Cooper Cameron was officially renamed "Cameron."

Cameron is organized into the following divisions:

Cooper Industries began in 1833 when Charles and Elias Cooper established a foundry in Mt. Vernon, Ohio. "Cooper" was licensed to produce the Corliss steam engine in 1869 and entered the production of natural gas internal combustion engines in 1900. In 1929, Cooper became the Cooper-Bessemer Corporation when it merged with Bessemer Gas Engine Company, which was founded in Grove City, Pennsylvania in 1899. In 1958, Cooper diversified into the controls industry with the establishment of the En-Tronic Controls Group. Five years later, the company acquired the Ajax Engines Company, founded in 1877, and the Pennsylvania Process, founded to manufacture compressors in 1920.

In 1965, the growing Cooper Industries branched out into electrical, automotive and tools and hardware industries. Two years later, it moved its headquarters to Houston and in 1968 began the Cooper Rolls joint venture with Rolls-Royce to market gas turbines.

1987 marked the acquisition of Joy Industrial Compressor Group, founded in 1955 in Buffalo, New York, which was renamed Cooper Turbocompressor as part of Cooper Compression. W-K-M valves company, established in 1905 in Houston, and Demco Valve Company, established in 1947, were both acquired by Cooper Flow Control Division in the same year. One year later, Cooper acquired Enterprise Engine aftermarket services business.

1989 marked perhaps Cooper's most important acquisition, Cameron Iron Works, which was renamed Cooper Oil Tool. Cameron Iron Works was incorporated in Houston in 1920, by Harry Cameron and James Abercombie, and had branched out to Canada in Edmonton in 1951. It purchased the British Oil Field Equipment Company of London and Leeds in 1954 and acquired McEvoy valve and wellhead manufacturer, founded in 1905, and Willis oilfield choke manufacturer, formed in 1939, in 1987.

In 1994, Cooper Industries spun off its Petroleum and Industrial Equipment Group to focus on the electrical products, automotive products and tools & hardware businesses. One year later, Cooper Cameron Corporation was spun off as a publicly traded company with a separate management group and Cameron and Cooper Cameron Valves divisions were formed from Cooper Oil Tool. Wheeling Machine Products Company's oilfield coupling business was also sold.

The growing company acquired many different companies into various divisions from 1996 to 1998. Ingram Cactus Corporation, Tundra Valve & Wellhead Corporation, Wellhead Services and Marta Company were combined into Cameron. Ajax Repair & Supply, General Turbine Systems, PDQ Machine, and certain assets of Enox Technologies were acquired and combined into Cooper Energy Services. Daniel Ball Valve and Orbit Valve International were acquired into Cooper Cameron Valves.

In 1999, the rotating compressor business was sold to Rolls-Royce and Cooper Energy Services merged with Nickles Industrial Manufacturing and purchased Elliot Turbocharger Group, Inc. Three years later, Cooper Cameron Valves acquired Nutron Industries and in 2003, Cooper Energy Services and Cooper Turbocompressor combined to form Cooper Compression.

In the 21st century, Petreco International was acquired and began operation as a separate division and PCC Flow Technologies, NuFlo Technologies and Dresser Flow Control were acquired and combined into Cooper Cameron Valves and Cameron.

In 2006, Cooper Cameron Corporation officially changed its name to Cameron International Corporation.

In 2011, Cameron purchased the Drilling, Offshore, and Power Systems divisions of LeTourneau Technologies.

In November 2012, Cameron announced plans to carve out its subsea division (and receive $600million from Schlumberger) to form a 60/40 joint venture with Schlumberger's Framo, Surveillance, Flow Assurance and Power and Controls businesses.

In June 2013, Cameron and Schlumberger announced that OneSubsea, a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market, has received all required regulatory approvals. The parties will close the transaction making OneSubsea operational on June 30, 2013.

On January 20, 2014, Cameron announced that its reciprocating compression division, (Cooper-Bessemer Corp's last direct descendant) would be purchased by GE Oil and Gas, and would be in the Downstream Technologies Solutions business unit.

In August 2014, it was announced that Ingersoll-Rand would acquire Cameron International’s centrifugal compression unit for $850 million.

In April 2016, oilfield services company Schlumberger completed the acquisition of Cameron International for $14.8 billion, in a combination of stock and cash.

Cameron manufactured and sold to Transocean in 2001 the blowout preventer (BOP) that failed to close the well head and stop the flow of oil from the Deepwater Horizon oil well in the Gulf of Mexico. News reports stated the equipment was not properly maintained by its operators and may have led to failure of the BOP system. In December, 2011, Cameron agreed to pay a $250 million settlement to BP PLC to settle all claims related to the Deepwater Horizon without admitting responsibility.

News

Cameron International Corporation (basic materials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2016 2016-07-24 Future report Set alerts
Q1 2016 2016-04-23 Future report Set alerts
Q4 2015 2016-01-28 1.08 0.65
Q3 2015 2015-10-22 1.18 0.98
Q2 2015 2015-07-23 0.83 0.71
Q1 2015 2015-04-23 0.91 -1.97
Q4 2014 2015-01-29 1.34 1.30
Q3 2014 2014-10-23 1.17 1.10
Q2 2014 2014-07-24 1.00 0.96
Q1 2014 2014-04-24 0.75 0.49

Ratings

2016-03-28 Boost Price Target Barclays Equal Weight $67.00 to $74.00
2016-03-28 Boost Price Target Barclays PLC Equal Weight $67.00 to $74.00
2016-02-01 Lower Price Target BMO Capital Markets Outperform $76.00 to $75.00
2016-02-01 Reiterated Rating Deutsche Bank Buy $76.00 to $70.00
2016-02-01 Reiterated Rating Deutsche Bank AG Buy $76.00 to $70.00
2016-01-29 Lower Price Target JPMorgan Chase & Co. Overweight $72.00 to $65.00
2016-01-29 Boost Price Target Jefferies Group Hold $61.00 to $62.00
2016-01-21 Lower Price Target Robert W. Baird $84.00 to $72.00
2016-01-14 Lower Price Target Barclays $73.00 to $68.00
2016-01-13 Lower Price Target Citigroup Inc. $80.00 to $77.00
2015-12-03 Upgrade Barclays Equal Weight to Outperform $58.00 to $60.00
2015-11-30 Upgrade Guggenheim Neutral to Buy $90.00
2015-11-10 Boost Price Target Deutsche Bank Buy $70.00 to $76.00
2015-10-28 Boost Price Target Seaport Global Securities $64.00 to $69.00
2015-10-26 Boost Price Target Jefferies Group Hold $68.00
2015-10-26 Boost Price Target Iberia Capital Sector Perform $67.00 to $71.00
2015-10-23 Lower Price Target JPMorgan Chase & Co. Overweight $77.00 to $75.00
2015-10-23 Lower Price Target BMO Capital Markets Outperform $88.00 to $82.00
2015-10-23 Downgrade Raymond James Outperform to Market Perform
2015-10-23 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-10-19 Downgrade Susquehanna Positive to Neutral
2015-10-15 Boost Price Target Societe Generale Hold $64.00 to $71.00
2015-10-14 Lower Price Target Robert W. Baird Outperform $88.00 to $84.00
2015-09-21 Boost Price Target Morgan Stanley Overweight $76.00 to $100.00
2015-09-21 Downgrade Iberia Capital Outperform to Sector Perform
2015-09-17 Boost Price Target Howard Weil $66.00 to $67.00
2015-09-11 Boost Price Target JPMorgan Chase & Co. $62.00 to $77.00
2015-09-11 Boost Price Target Jefferies Group $67.00
2015-09-09 Boost Price Target Macquarie Neutral $54.00 to $72.00
2015-09-04 Boost Price Target BMO Capital Markets Outperform $65.00 to $89.00
2015-09-04 Downgrade Barclays Overweight to Equal Weight $61.00 to $75.00
2015-09-03 Upgrade Citigroup Inc. Neutral to Buy $55.00 to $76.00
2015-09-02 Downgrade Johnson Rice Buy to Hold $62.00 to $69.00
2015-08-31 Boost Price Target Evercore ISI Buy $62.00 to $90.00
2015-08-28 Downgrade Societe Generale Buy to Hold
2015-08-28 Downgrade Scotiabank Outperform to Sector Perform
2015-08-27 Downgrade Global Hunter Securities Buy to Neutral $58.00 to $64.00
2015-08-27 Downgrade Howard Weil Sector Outperform to Sector Perform
2015-08-27 Downgrade Gabelli Buy to Hold
2015-08-27 Boost Price Target Susquehanna Positive $62.00 to $70.00
2015-08-27 Upgrade HSBC Reduce to Hold $42.00 to $63.00
2015-08-27 Boost Price Target RBC Capital Outperform $65.00 to $72.00
2015-08-27 Downgrade Seaport Global Securities Buy to Neutral $58.00 to $64.00
2015-08-27 Boost Price Target Royal Bank Of Canada Outperform $65.00 to $72.00
2015-08-26 Lower Price Target JPMorgan Chase & Co. Overweight $63.00 to $62.00
2015-07-27 Upgrade Global Hunter Securities Accumulate to Buy $58.00 to $58.00
2015-07-27 Upgrade Seaport Global Securities Accumulate to Buy $58.00 to $58.00
2015-07-10 Upgrade UBS AG Sector Perform to Outperform $55.00 to $65.00
2015-07-10 Upgrade RBC Capital Sector Perform to Outperform $55.00 to $65.00
2015-07-08 Lower Price Target Citigroup Inc. Neutral $55.00 to $54.00
2015-07-08 Initiated Coverage Macquarie Neutral $53.00
2015-07-07 Boost Price Target Scotiabank Sector Perform to Sector Outperform $58.00 to $61.00
2015-07-07 Upgrade Howard Weil Sector Perform to Outperform
2015-07-02 Reiterated Rating Barclays Overweight $61.00
2015-05-29 Initiated Coverage JPMorgan Chase & Co. Overweight $61.00
2015-05-11 Boost Price Target Citigroup Inc. Neutral $54.00 to $55.00
2015-04-29 Upgrade Morgan Stanley Equal Weight to Overweight
2015-04-27 Reiterated Rating Citigroup Inc. Neutral $47.00 to $54.00
2015-04-27 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-04-27 Upgrade Wells Fargo Market Perform to Outperform
2015-04-24 Boost Price Target Jefferies Group Hold $45.00 to $53.00
2015-04-24 Boost Price Target BMO Capital Markets Outperform $57.00 to $61.00
2015-04-23 Reiterated Rating Deutsche Bank Buy $49.00 to $53.00
2015-04-15 Boost Price Target Susquehanna Positive $50.00 to $57.00
2015-04-13 Downgrade Raymond James Strong-Buy to Outperform
2015-03-17 Initiated Coverage GMP Securities Reduce
2015-03-13 Initiated Coverage Citigroup Inc. Neutral $47.00
2015-02-18 Initiated Coverage BMO Capital Markets Outperform $57.00
2015-02-09 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2015-02-02 Downgrade Jefferies Group Buy to Hold $45.00
2015-02-02 Upgrade Barclays Equal Weight to Overweight $60.00
2015-01-30 Lower Price Target Howard Weil Sector Perform $56.00 to $52.00
2015-01-30 Downgrade RBC Capital Outperform to Sector Perform $60.00 to $50.00
2015-01-08 Initiated Coverage Barclays Equal Weight
2015-01-08 Initiated Coverage KeyBanc Hold
2015-01-08 Initiated Coverage KeyCorp Hold
2014-12-01 Downgrade Guggenheim Buy to Neutral $75.00 to $55.00
2014-11-04 Reiterated Rating Deutsche Bank Buy $95.00 to $85.00
2014-10-24 Reiterated Rating Credit Suisse Outperform $90.00 to $84.00
2014-10-24 Lower Price Target RBC Capital Outperform $84.00 to $75.00
2014-10-24 Reiterated Rating Credit Suisse Group AG Outperform $90.00 to $84.00
2014-10-15 Initiated Coverage Evercore ISI Buy $87.00
2014-09-24 Reiterated Rating Wells Fargo & Co. Market Perform
2014-09-24 Reiterated Rating Wells Fargo Market Perform
2014-09-05 Upgrade Capital One Financial Corp. Equal Weight to Overweight $77.00 to $84.00
2014-07-28 Boost Price Target Morgan Stanley $75.00 to $80.00
2014-07-28 Boost Price Target Howard Weil Sector Outperform $70.00 to $81.00
2014-07-25 Reiterated Rating Raymond James Strong-Buy $83.00 to $87.00
2014-07-25 Reiterated Rating Jefferies Group Buy $75.00 to $86.00
2014-07-25 Reiterated Rating JPMorgan Chase & Co. Neutral $70.00 to $82.00
2014-07-25 Reiterated Rating Credit Suisse Outperform $81.00 to $90.00
2014-07-25 Upgrade Global Hunter Securities Neutral to Accumulate $68.00 to $80.00
2014-07-25 Boost Price Target Cowen and Company Market Perform $73.00 to $75.00
2014-07-25 Upgrade Seaport Global Securities Neutral to Accumulate $68.00 to $80.00
2014-07-10 Boost Price Target Goldman Sachs $72.00 to $76.00
2014-07-10 Boost Price Target Goldman Sachs Group Inc. $72.00 to $76.00
2014-04-28 Reiterated Cowen Market Perform $64 to $71
2014-04-28 Boost Price Target Cowen and Company Market Perform $64.00 to $71.00
2014-04-25 Boost Price Target Barclays Overweight $82.00 to $87.00
2014-04-25 Boost Price Target RBC Capital $68.00 to $73.00
2014-04-25 Reiterated Rating Jefferies Group Buy $72.00 to $75.00
2014-04-25 Boost Price Target JPMorgan Chase & Co. Neutral $65.50 to $70.00
2014-04-25 Boost Price Target Howard Weil Sector Perform $66.00 to $70.00
2014-04-17 Initiated Gabelli & Co Buy $97
2014-04-17 Initiated Coverage Gabelli Buy $97.00
2014-04-16 Boost Price Target JPMorgan Chase & Co. $64.00 to $65.50
2014-04-15 Reiterated Rating Bank of America Buy $71.00
2014-04-04 Boost Price Target Societe Generale $71.00 to $74.00
2014-04-02 Boost Price Target Susquehanna $70.00 to $74.00
2014-03-17 Downgrade Goldman Sachs Buy to Neutral
2014-02-25 Boost Price Target Sanford C. Bernstein $74.00 to $75.00
2014-02-04 Boost Price Target JPMorgan Chase & Co. $63.00 to $64.00
2014-02-03 Reiterated Cowen Market Perform $62 to $64
2014-02-03 Boost Price Target Cowen and Company Market Perform $62.00 to $64.00
2014-01-31 Downgrade Global Hunter Securities Buy to Neutral $68.00 to $64.00
2014-01-31 Boost Price Target Howard Weil $66.00
2014-01-31 Boost Price Target Guggenheim $68.00 to $70.00
2014-01-31 Boost Price Target Susquehanna $69.00 to $70.00
2014-01-29 Upgrade Societe Generale Hold to Buy $65.00 to $69.00
2014-01-14 Downgrade Morgan Stanley Overweight to Equal Weight $66.00
2014-01-13 Downgrade Evercore ISI Strong-Buy to Neutral
2014-01-08 Downgrade RBC Capital Top Pick to Outperform $64.00 to $68.00
2014-01-07 Downgrade Cowen and Company Outperform to Market Perform $68.00 to $62.00
2013-12-17 Boost Price Target Barclays Overweight $77.00 to $82.00
2013-10-28 Lower Price Target JPMorgan Chase & Co. Neutral $71.50 to $61.50
2013-10-28 Lower Price Target Guggenheim Buy $75.00 to $65.00
2013-10-28 Lower Price Target Cowen and Company Outperform $73.00 to $68.00
2013-10-28 Downgrade Societe Generale Buy to Hold $81.00 to $61.00
2013-10-25 Downgrade Howard Weil Sector Outperform to Sector Perform $68.00 to $56.00
2013-10-25 Lower Price Target Susquehanna Positive $70.00 to $64.00
2013-10-25 Lower Price Target RBC Capital Top Pick $70.00 to $64.00
2013-10-25 Lower Price Target Global Hunter Securities Buy $76.00 to $68.00
2013-10-25 Lower Price Target Barclays Overweight $94.00 to $77.00
2013-10-25 Boost Price Target Deutsche Bank Buy $66.00 to $73.00
2013-10-25 Downgrade Iberia Capital Outperform to Sector Perform
2013-10-25 Upgrade Raymond James Outperform to Strong-Buy
2013-10-25 Downgrade BMO Capital Markets Outperform to Market Perform $76.00 to $60.00
2013-10-16 Reiterated Rating Guggenheim Buy
2013-10-14 Initiated Coverage Robert W. Baird Outperform $75.00
2013-10-07 Initiated Coverage Clarkson Capital Outperform
2013-10-01 Initiated Coverage Iberia Capital Outperform
2013-07-29 Reiterated Howard Weil Sector Outperform $72 to $68
2013-02-08 Downgrade HSBC Securities Overweight to Neutral $61 to $71
2013-02-01 Reiterated MLV & Co Buy $64 to $84
2016-03-28 Boost Price Target Barclays Equal Weight $67.00 to $74.00
2016-03-28 Boost Price Target Barclays PLC Equal Weight $67.00 to $74.00
2016-02-01 Lower Price Target BMO Capital Markets Outperform $76.00 to $75.00
2016-02-01 Reiterated Rating Deutsche Bank Buy $76.00 to $70.00
2016-02-01 Reiterated Rating Deutsche Bank AG Buy $76.00 to $70.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ERIKSON SHELDON R 0.52%  (1045221) CAM / END / FI / ROC /
CUNNINGHAM C BAKER 0.04%  (81738) CAM /
CARNE JOHN Executive Vice President 0.03%  (69730) CAM /
Halverson Gary M. Sr Vice President 0.03%  (69348) CAM /
Wright James E Sr Vice President 0.02%  (46733) CAM /
ROSS DAVID 0.02%  (42256) CAM /
Krummel Christopher A VP, Corp Controller & CAO 0.01%  (15984) CAM / MDR /

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