Financial Results, Invitations to Conferences, and Promising Partnerships - Research Report on Cameron, Schlumberger, Halliburton, FMC Technologies, and Baker Hughes Editor Note: For more information about this release, please scroll to bottom
NEW YORK, October 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Cameron International Corporation (NYSE: CAM), Schlumberger Limited (NYSE: SLB), Halliburton Company (NYSE: HAL), FMC Technologies, Inc. (NYSE: FTI), and Baker Hughes Incorporated (NYSE: BHI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Cameron International Corporation Research Report
On October 23, 2013, Cameron International Corporation (Cameron) released its financial results for Q3 2013. The Company reported GAAP net income of $189.6 million for the quarter, or $0.78 per diluted share, versus GAAP net income of $223.6 million for Q3 2012, or $0.90 per diluted share. Q3 2013 revenues stood at $2.5 billion, up 12.5% YoY. Cameron Chairman and CEO Jack B. Moore said that the year-over-year revenue increases were due to double digit revenue gains in Drilling & Productions Systems (DPS). Moore added, "Record revenues were established this quarter in each of our DPS businesses, OneSubsea, surface and drilling systems." The Full Research Report on Cameron International Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/59f6_CAM]
Schlumberger Limited Research Report
On October 18, 2013, Schlumberger Limited (Schlumberger) reported its Q3 2013 financial results. The Company reported revenue of $11.6 billion compared to $11.2 billion in Q2 2013, and $10.5 billion in Q3 2012. The Company's income from continuing operations attributable to Schlumberger was $1.7 billion, or $1.29 per diluted share, compared to $1.4 billion or $1.07 per diluted share in Q3 2012. Schlumberger CEO Paal Kibsgaard said, "Schlumberger third-quarter results reached new highs in both revenue and pretax operating income driven by consistent performance across all geographic Areas through strong execution based on integration, quality and efficiency. The international business grew further, with leading margins expanding in spite of some operational delays. Performance in North America was particularly strong despite continued pricing weakness in the land market. Operating margins exceeded 20% in all Areas and expanded in all Product Groups." The Full Research Report on Schlumberger Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/127c_SLB]
Halliburton Company Research Report
On October 24, 2013, Halliburton Company (Halliburton) announced that it will webcast the Halliburton 2013 Analyst Day on Wednesday, November 6, 2013 from 8:00 a.m. CT (9:00 a.m. ET) to 12:30 p.m. CT (1:30 p.m. ET). The Company informed that all interested parties can listen to a live webcast of the presentation through the Internet by accessing the webcast at the Company's website. Halliburton will also provide a downloadable copy of the presentation at the same location. In addition, a replay of the webcast can also be accessed for seven days after the conference at Halliburton's website. The Full Research Report on Halliburton Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/fe6a_HAL]
FMC Technologies, Inc. Research Report
On October 22, 2013, FMC Technologies, Inc. (FMC Technologies) released its Q3 2013 financial results. The Company reported revenue of $1.7 billion, up 21.5% YoY. Diluted earnings per share for Q3 2013 came in at $0.49, compared to diluted earnings per share of $0.41 in Q3 2012. During the quarter, backlog for the Company was $7.4 billion, including Subsea Technologies backlog of $6.5 billion. John Gremp, Chairman and CEO of FMC Technologies commented, "Subsea Technologies has achieved a record backlog of $6.5 billion as we inbounded $1.7 billion of awards in the third quarter. Although Subsea Technologies has delivered four consecutive quarters of greater than $1 billion of revenue, our margins for the quarter were disappointing. We are addressing the isolated causes of our shortfall and expect margins to improve going forward." Gremp added, "Surface Technologies results benefited from another solid quarter of performance in surface wellhead, and we expect to see strong results from this segment through the end of the year as the strength in international surface wellhead continues." The Full Research Report on FMC Technologies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6b84_FTI]
Baker Hughes Incorporated Research Report
On October 23, 2013, Baker Hughes Incorporated (Baker Hughes) announced that it has entered into a long-term Oilfield Service Agreement (OFSA) with PETRONAS Carigali Sdn. Bhd. (PCSB) in an effort to improve the recoverable reserves and production of hydrocarbons in the Greater D18 fields, offshore Malaysia. Zvonimir Djerfi, President of Asia Pacific Region for Baker Hughes, commented, "We have utilized our best people to come up with solutions which are going to help PETRONAS Carigali Sdn. Bhd. [PCSB] achieve their goals of increased oil recovery from mature fields. The partnership between PCSB and Baker Hughes on this project represents a significant milestone in expanding our offering with reservoir development in addition to our traditional products and services portfolio." The Full Research Report on Baker Hughes Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9fc3_BHI]
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