NEW YORK, March 19, 2013 /PRNewswire/ --
Today, Wall Street Source announced new research reports
highlighting CARBO Ceramics Inc. (NYSE:CRR), Basic Energy Services,
Inc (NYSE:BAS), GulfMark Offshore, Inc. (NYSE:GLF), Precision
Drilling Corp (NYSE:PDS) and Forum Energy Technologies Inc
(NYSE:FET). Today's readers may access these reports free of charge
- including full price targets, industry analysis and analyst
ratings - via the links below.
CARBO Ceramics Inc. Research
Report
CARBO Ceramics posted better-than-expected financial results for
Q4 2012 despite low natural gas drilling activity and an oversupply
from Chinese competitors, driven by its generous proppant sales
numbers. The company reported net income of $19.8 million or 86
cents per share (89 cents when
unadjusted, down 40 percent from $1.43 posted the same quarter in 2011, and
revenue of $153.6 million, down 2.8
percent from $158.1 million year over
year. In comparison, analysts expected revenue of $145.9 million and unadjusted earnings of
89 cents. For this year, management
expects industry activity to be similar to that in 2012, with high
liquids-rich drilling activity to offset low natural gas drilling
activity. The Full Research Report on CARBO Ceramics Inc. -
including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wallstsource.com/r/full_research_report/3f82_CRR]
--
Basic Energy Services, Inc Research
Report
Basic Energy Services released its Selected Operating Data for
last month, reporting a 71 percent utilization rate compared to 67
percent in January, and a rig count of 425, unchanged
month-over-month. In addition, it posted a slight drop in fluid
service truck count at 962, paired with another decline in fluid
service truck hours of 177,600, compared to 186,500 in January.
Meanwhile, the company acquired close to all of the operating
assets of Atlas Equipment and Petroleum Water Solutions, for
$13 million in cash plus $9 million in conditional earn-out
considerations, and $3.3 million plus
an additional $3.3 million
potentially in similar considerations, respectively. The Full
Research Report on Basic Energy Services, Inc - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wallstsource.com/r/full_research_report/ee16_BAS]
--
GulfMark Offshore, Inc. Research
Report
Gulfmark Offshore announced its Q4 and full year 2012 financial
results, with revenue of $95 million,
down 7 percent from $6.8 million
sequentially, and a net loss of $4.9
million or 19 cents per
diluted share. Management says the company took some steps to
upgrade the competitiveness of its global operations, particularly
in the U.S. Gulf of Mexico and the
North Sea. Gulfmark upgraded its fleet from smaller vessels into
larger, higher margin vessels through the reallocation of capital
in the regions, paired with an 11 vessel new-build program. The
company expects to have a strong 2013 with 11 vessels under
construction, eight of which will be delivered during the year, and
another three vessels undergoing stretch transformation. The Full
Research Report on GulfMark Offshore, Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wallstsource.com/r/full_research_report/91f1_GLF]
--
Precision Drilling Corp Research
Report
Precision Drilling reported its Q4 2012 results last month,
posting better than expected revenue and earnings per share despite
both being lower than the numbers they posted year over year. The
company raked in revenue of $535.7
million, down 7.3 percent from the prior-year quarter's
$577.8 million, and a loss of
$116 million or $0.42 per share, compared to net earnings of
$28 million year over year. In
comparison, analysts polled by S&P Capital IQ wanted to see
revenue of $500.7 million and
unadjusted earnings of 18 cents per
share. For 2013, the company expects strong levels of market
activity until spring break‐up and expects to benefit from the
fleet enhancements made throughout 2012. In addition, Precision has
term contracts for 52 rigs in Canada, 36 rigs in the United States, and eight internationally.
The Full Research Precision Drilling Corp - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wallstsource.com/r/full_research_report/3731_PDS]
--
Forum Energy Technologies Inc Research
Report
Forum Energy won a deal with Helix Energy Solutions Group,
involving its underwater Perry XT1500 trenching system and also two
Perry XLX 200HP Remotely Operated Vehicle (ROV) systems for an
undisclosed amount. After delivery, Helix's Canyon Offshore subsea
robotics unit will be using the trenching system to bury oil and
gas pipelines under the sea bed. The remotely operated robotic
submarines, meanwhile will be used for equipment inspections,
survey work, and deep-water construction. Both systems are
scheduled for delivery in this year. Meanwhile, Forum reported Q4
2012 revenue of $330 million,
compared to $337 million for the
fourth quarter 2011, while net income for the quarter was
$24 million, down from $32 million year over year. The Full Research
Report on Forum Energy Technologies Inc - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wallstsource.com/r/full_research_report/82ef_FET]
--
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SOURCE Wall Street Source