Investors Conferences, Promising Partnerships, Leadership Changes and Financial Results - Research Report on Tidewater, Dril-Quip, McDermott, Helix, and Forum
NEW YORK, October 29, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Tidewater Inc. (NYSE: TDW), Dril-Quip, Inc. (NYSE: DRQ), McDermott International Inc. (NYSE: MDR), Helix Energy Solutions Group, Inc. (NYSE: HLX) 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.
Tidewater Inc. Research Report
On October 17, 2013, Tidewater Inc. (Tidewater) reported that it intends to release its Q2 FY 2014 (period ended September 30, 2013) financial results on November 4, 2013, after the market closing. The Company informed that it will hold its quarterly earnings conference call on the following day, November 5, 2013 at 10:00 a.m. CT. The Company stated that the live webcast of the call will be available at its website and the online replay can also be accessed until December 5, 2013. The Full Research Report on Tidewater 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/aae8_TDW]
Dril-Quip, Inc. Research Report
On October 22, 2013, Dril-Quip, Inc. (Dril-Quip) announced that it has entered into a five year global frame agreement with BP International Limited for the supply of subsea wellhead equipment and related services. According to the Company, the contract lists the terms and conditions for worldwide call off orders made by BP for Dril-Quip's Big Bore II-H series subsea wellhead systems. Dril-Quip added that orders which were formerly made by BP during 2013 will also be governed by the terms of this contract. The Company informed that additional orders will be included as part of Dril-Quip's backlog as subsequent orders may be received under the agreement. The Company stated that BP can also extend the contract for an additional five year period. The Full Research Report on Dril-Quip, 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/12a3_DRQ]
McDermott International Inc. Research Report
On October 17, 2013, McDermott International Inc. (McDermott) announced that Stephen M. Johnson will retire from his positions as Chairman of the Board, President and CEO and as Director of McDermott in December 2013.The Company informed that David Dickson, who has been appointed as Executive Vice President and Chief Operating Officer of the Company till December 2013, will thereafter succeed Mr. Johnson as President and CEO of the Company. Johnson commented, "I am confident that, with his depth of experience and breadth of knowledge relating to conventional offshore marine construction projects and subsea projects, David is the right person to lead the McDermott team in its business strategy, which is focused on providing the full range of engineering and construction services in key offshore oil and gas producing regions around the world." The Full Research Report on McDermott International 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/601e_MDR]
Helix Energy Solutions Group, Inc. Research Report
On October 21, 2013, Helix Energy Solutions Group, Inc. (Helix) reported Q3 2013 financial results. During the quarter, the Company's revenue stood at $220.1 million representing an increase of 1.4% YoY and a decline of 5.2% QoQ. Net income came in at $44.6 million, or $0.42 per diluted share, compared with $14.9 million, or $0.14 per diluted share in Q3 2012, and $27.2 million, or $0.26 per diluted share, in Q2 2013. Commenting on the results, Owen Kratz, President and CEO of Helix said, "Third quarter results increased due to top line growth and profitability in both the Well Intervention and Robotics businesses. Well Intervention benefitted from the introduction of the Skandi Constructor into well intervention mode in September where she has performed well. Last month's announcement of the Q7000 newbuild is indicative of our confidence in the growing market demand for well intervention services." The Full Research Report on Helix Energy Solutions Group, 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/4eee_HLX]
Forum Energy Technologies, Inc. Research Report
On October 24, 2013, Forum Energy Technologies, Inc. (Forum) announced its Q3 2013 financial results. Revenue for the quarter stood at $390.2 million, compared with $347.8 million in Q3 2012. Net income was reported at $33.2 million or $0.35 per diluted share, compared with $40.9 million or $0.44 per diluted share in Q3 2012. Cris Gaut, Chairman and CEO of Forum, commented, "We had record revenue of $390 million and improved sequential operating income and margins. Our focus continues to be on adjusting our business for a flat U.S. land rig count, executing the delivery of orders to international markets, and integrating our recent acquisitions. Our Drilling & Subsea segment achieved a significant improvement in operating margins compared to the first half of this year due to the restructuring of the business during the third quarter and to an increase in revenues. Orders continued at a very strong pace for drilling capital equipment, especially for international customers." Forum expects diluted EPS for Q4 2013 to be between $0.42 and $0.46." 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.AnalystsCorner.com/r/full_research_report/8bec_FET]
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