Back to top

Press Releases

The Zacks Analyst Blog Highlights: FMC Technologies, Dutch Shell, Petrobras, Statoil and Patterson-UTI Energy

FTI RDS.A PBR STO PTEN

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.


For Immediate Release

Chicago, IL – June 10, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include FMC Technologies Inc. (FTI - Analyst Report)-Free Report), Dutch Shell plc (RDS.A - Analyst Report)-Free Report), Petrobras (PBR - Analyst Report)-Free Report), Statoil ASA (STO - Analyst Report)-Free Report) and Patterson-UTI Energy Inc. (PTEN - Analyst Report)-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday’s Analyst Blog:

FMC Subsea Equipment in Demand

Oil drilling equipment maker FMC Technologies Inc. (FTI - Analyst Report)-Free Report) has entered into a deal with one of the largest integrated energy firms in the world, Royal Dutch Shell plc (RDS.A - Analyst Report)-Free Report) for the supply of subsea equipment.

Per the deal, FMC Technologies will supply 12 enhanced vertical deepwater trees and controls for Shell’s series of projects in the Gulf of Mexico. FMC Technologies is well positioned in the subsea systems market and has received numerous attractive subsea contracts in the recent past from energy majors Petroleo Brasileiro S.A., or Petrobras (PBR - Analyst Report)-Free Report) and Statoil ASA (STO - Analyst Report)-Free Report).

This is not FMC Technologies’ first deal with Shell. The company has been supplying subsea equipment to Shell for last 20 years. Last month, FMC Technologies signed a contract to supply such equipment to Shell for the Stones field ultra deepwater project. The field is situated at a water depth of roughly 9,600 feet, in the Gulf of Mexico’s Walker Ridge block.

With the success of these supply contracts, FMC Technologies is on an expansion path. It looks forward to more such opportunistic deals in 2013 to gain significant market share. We believe such accomplishments will help FMC Technologies garner profits in the upcoming quarters.

Additionally, FMC Technologies’ strong backlog, which now stands at more than $5 billion, not only reflects steady demand from its customers but also offers long-term earnings and cash flow visibility. This enables the company to navigate uncertainty better than many of its peers.

However, FMC Technologies relies on its ability to develop and acquire essential products and technologies that drive its operational performance and growth. If its technologies or products become obsolete, or if it cannot bring these to market in a timely and competitive manner, it may face severe operational and financial difficulties.

FMC Technologies currently retains a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next 1 to 3 months.

Patterson-UTI: 185 Rigs at Work

Onshore contract driller Patterson-UTI Energy Inc. (PTEN - Analyst Report)-Free Report) declared that its May 2013 drill rig count averaged 185, down from 189 in the previous month. The company operated 184 rigs in the U.S. and 1 in Canada in May, compared with 186 rigs in the U.S. and 3 in Canada during Apr this year.

Patterson-UTI’s activity levels in the U.S. peaked in early Oct 2008 with a rig count of 275. From then through the second quarter of 2009, the company witnessed a steep and rapid decline in rig count on the back of decreased demand, largely caused by lower commodity prices for natural gas and tighter access to credit.

However, with natural gas prices looking up amid signs of economic stabilization, Patterson-UTI’s monthly rig count numbers have recovered sharply. In fact, its current rig count is up more than 3 times from a low of 60 in May 2009.

Houston, Texas-based Patterson-UTI Energy is one of the largest onshore contract drillers in the U.S. with more than 300 land-based rigs that operate primarily in the oil and natural gas producing regions of North America.

Buoyed by Patterson-UTI’s growing premium land rig fleet and the expected demand uptick for such services; we are confident about the company’s near to medium term outlook. However, we remain wary of increased labor costs for contract drilling that may lead to slower margin growth going forward.

This accounts for Patterson-UTI’s current Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on FTI - FREE

Get the full Report on RDS.A - FREE

Get the full Report on PBR - FREE

Get the full Report on STO - FREE

Get the full Report on PTEN - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%