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Upgrades, Deals Forge Growth - Research Report on CARBO Ceramics, Basic Energy Services, GulfMark Offshore, Precision Drilling

Upgrades, Deals Forge Growth - Research Report on CARBO Ceramics, Basic Energy
Services, GulfMark Offshore, Precision Drilling and Forum Energy Technologies

PR Newswire

NEW YORK, March 19, 2013

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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Contact: Joe Thomas
Email: press@wallstsource.com
Main: +1-310-496-8071 (North America)

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