Operational and Rig Count Updates, Divestiture, Supplier Grants, Business Expansion and Share Repurchases - Research Report on Baker Hughes, Oil States, FMC Technologies, Core Lab, and CARBO
NEW YORK, September 13, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Baker Hughes Incorporated (NYSE: BHI), Oil States International, Inc. (NYSE: OIS), FMC Technologies, Inc. (NYSE: FTI), Core Laboratories, N.V. (NYSE: CLB), and CARBO Ceramics Inc. (NYSE: CRR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Baker Hughes Incorporated Research Report
On September 9, 2013, Baker Hughes Incorporated (Baker Hughes) announced that the international rig count for August 2013 was 1,267, down compared to 1,305 counted in July 2013, and up from 1,261 counted in August 2012. Baker Hughes stated that its August 2013 international offshore rig count was 309, compared with 320 counted in July 2013, and 300 in August 2012. Average US rig count for August 2013 was 1,781, compared with 1,766 in July 2013, and 1,894 in August 2012. Average August 2013 Canadian rig count stood at 368, compared with 291 in July 2013, and 316 in August 2012. The worldwide rig count of Baker Hughes for August 2013 was 3,416, compared with 3,362 counted in July 2013, and 3,471 in August 2012. 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]
--
Oil States International, Inc. Research Report
On September 6, 2013, Oil States International, Inc. (Oil States) announced that it has sold Sooner, Inc. (Sooner) and its subsidiaries to Marubeni-Itochu Tubulars America, Inc. (Marubeni-Itochu) for $600 million in aggregate cash consideration. According to the Company, Sooner includes the Company's Tubular Services segment and it intends to use the net proceeds of the transaction for repayment of outstanding debt and for general corporate purposes, including share repurchases. Cindy B. Taylor, President and CEO of Oil States stated, "We are pleased to complete this transaction, which allows us to invest further in our accommodations, well site services and offshore products segments while at the same time accelerating the return of capital to shareholders. This transaction represents another step forward in executing our strategy to drive enhanced shareholder value." Further, in connection with the sale of Sooner, the Board of Directors of Oil States informed that it has increased the authorized share repurchase program from $200 million to $500 million, to expire on September 1, 2014. The Full Research Report on Oil States 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/8e63_OIS]
--
FMC Technologies, Inc. Research Report
On September 10, 2013, FMC Technologies, Inc. (FMC Technologies) announced that it has entered in an agreement with Petrobras to supply subsea manifolds for Petrobras' pre-salt fields, located offshore Brazil. The Company informed that under the supply agreement the delivery of up to 16 subsea manifolds, will bring in c.$650 million in revenue to FMC Technologies if all of the subsea equipment included in the agreement is ordered. The Company reported that the initial order from the agreement includes 11 manifolds, tools, and controls. According to FMC Technologies, the equipment will be engineered and manufactured in Brazil with delivery slated to commence in 2015. This is the fourth award that FMC Technologies has received from Petrobras for its pre-salt fields," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We have made significant investments in our Brazilian operations to meet Petrobras' needs and to provide greater local content in relation to these projects." 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]
--
Core Laboratories N.V. Research Report
On September 3, 2013, Core Laboratories N.V. (Core Lab) announced that it has repurchased a total of 15,110 of its common shares from August 26, 2013 through September 3, 2013, at an average price of $150.25 per share. The Company also informed that the repurchases were made as part of its existing share repurchase program. The Full Research Report on Core Laboratories N.V. - 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/9b42_CLB]
--
CARBO Ceramics Inc. Research Report
On September 6, 2013, CARBO Ceramics Inc. (CARBO) announced that one of its businesses, Falcon Technologies (Falcon), has expanded its role with spill prevention and containment systems with new products as well as new markets. Falcon announced that its business in the Rockies is now catering to geographical areas apart from its initial base in Colorado and thus providing services in Wyoming and North Dakota. Carbon also stated that in West Texas, AggieTech Operating operates several salt-water disposal leases with a commitment to protect the community and environment, and they are also planning to install additional Falcon containment structures in their new facilities. Further, Falcon also announced the successful launch of its latest product, the Falcon Equipment Pad, a re-usable, mobile protection structure to prevent small spills. 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.analystscorner.com/r/full_research_report/358b_CRR]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Analysts' Corner
Share this article