NEW YORK, August 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Forum Energy Technologies, Inc. (NYSE: FET), CARBO Ceramics Inc. (NYSE: CRR), Hornbeck Offshore Services, Inc. (NYSE: HOS), Tidewater Inc. (NYSE: TDW), and Helix Energy Solutions Group, Inc. (NYSE: HLX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Forum Energy Technologies, Inc. Research Report
On July 25, 2013, Forum Energy Technologies, Inc. (Forum) reported its financial results for Q2 2013. Revenue decreased slightly to $367.9 million, from $373.5 million in Q2 2012. Net income attributable to shareholders was $29.9 million or $0.32 per diluted share, compared to $44.1 million or $0.49 per diluted share in Q2 2012. Cris Gaut, Chairman and Chief Executive Officer of Forum, said, "Our second quarter 2013 results were little changed from our first quarter results due primarily to the relatively flat U.S. land rig count and a slower seasonal recovery in Canada. Forum's Production Equipment and Downhole Technologies product lines generated record revenue in the second quarter 2013 on improved well completion activity. We are not planning for any increase in the U.S. land rig count during the second half of 2013. In addition, we continue to see pricing pressure for certain products within Drilling Technologies and Flow Equipment." 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.InvestorsReports.com/report/2013-07-30/FET ]
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CARBO Ceramics Inc. Research Report
On July 29, 2013, CARBO Ceramics Inc. (CARBO) announced that its management will participate at EnerCom's The Oil & Gas Conference 18, to be held at The Westin Denver Downtown, Denver, Colorado, from August 11 to August 15, 2013. CARBO reported that Gary Kolstad, Chief Executive Officer and President of the Company, will present on August 13, 2013, at 9:50 a.m. CT (8:50 a.m. MT). CARBO also informed that the presentation can be accessed live on the Company's website. Further, a copy of the presentation will be made available on the Investor Relations section of the Company's website. 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.InvestorsReports.com/report/2013-07-30/CRR ]
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Hornbeck Offshore Services, Inc. Research Report
On July 22, 2013, Hornbeck Offshore Services, Inc. (Hornbeck) announced that it has signed an agreement to sell substantially all of the assets and business of its Downstream segment's tug and tank barge (TTB) fleet to Genesis Marine, LLC (Genesis), an affiliate of Genesis Energy L.P. (GEL), for a cash consideration of $230 million. Hornbeck Chairman, President and Chief Executive Officer, Todd M. Hornbeck, said, "Given the substantial pending growth in our Upstream fleet over the next few years as a result of previously announced newbuild and retrofit programs and any incremental organic or acquisitive growth that may arise, we believe that the timing is right to divest of our non-core Downstream segment in order to strategically focus our energies on our Upstream core business. Our ability to enter into this agreement is a testament to the excellent operational track record and quality of our valued Downstream workforce that we and Genesis are fortunate to have in our future." The Full Research Report on Hornbeck Offshore Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-30/HOS ]
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Tidewater Inc. Research Report
On July 22, 2013, Tidewater Inc. (Tidewater) reported that its Q1 FY 2014 (period ended June 30, 2013) earnings release and conference call is scheduled for Tuesday, August 6, 2013. The Company stated that it will issue a press release before the market opens, and follow it with a conference call scheduled at 10:00 a.m. CT. Tidewater reported that a simultaneous webcast of the conference call can be accessed online at the Company's website and the replay of the call will be available until September 6, 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.InvestorsReports.com/report/2013-07-30/TDW ]
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Helix Energy Solutions Group, Inc. Research Report
On July 22, 2013, Helix Energy Solutions Group, Inc. (Helix Energy Solutions Group) posted its Q2 2013 results with reported net income of $27.2 million or $0.26 per diluted share, compared to net income of $44.6 million or $0.42 per diluted share in Q2 2012, and $1.6 million or $0.02 per diluted share in Q1 2013. Owen Kratz, President and Chief Executive Officer of Helix, said, "With the sale of the Caesar and Express now behind us along with the pending sale of the Ingleside Spoolbase, we have completed our transition to a company focused on well intervention and robotics, two businesses with exciting growth prospects. Financially, we are pleased to have closed the chapter on the high yield notes with its payoff yesterday and our new credit facility provides us with a lower cost of capital." 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.InvestorsReports.com/report/2013-07-30/HLX ]
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