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Emerson (EMR) Inks Deal with StepChange Global, Stock Up
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Emerson Electric Co. (EMR - Free Report) recently joined forces with StepChange Global with an aim to enhance production efficiency for oil and gas producers. The companies have combined their consulting capabilities and technologies to boost production and lower operational costs of energy producers by creating, applying and evolving best practices with Digital Oilfield and Integrated Operations (‘iOps’).
The iOps solution is expected to assist users in improving margins through better reach to real-time information and data, new forms of technology and implementation of the same into a collaborative organization. The major players from the oil and gas space view iOps as a tool to help them transform and optimize commercial performance and also make the most profitable decisions in the future.
The energy industry has been struggling with problems like weak commodity prices, stricter regulations for production, and Health, Safety & Environmental (HSE) as well as shortage of skills. Hence, performance optimization has become indispensible for energy companies. The deal will StepChange Global is expected to be a game changer in this regard.
Impact of the Deal
Emerson Electric is a diversified global manufacturing and technology company. It offers a wide range of products and services in areas like process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
Share price of Emerson Electric as of Jul 7, 2016 was $52.37 per share, up 1.4% since the announcement of the new deal with StepChange Global. Let’s see if positive investors’ sentiment further benefits the stock in the near term!
Emerson Electric presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include EnerSys (ENS - Free Report) , Schneider Electric SE (SBGSY - Free Report) and SPX FLOW, Inc. (FLOW - Free Report) . All the three companies currently hold a Zacks Rank #2 (Buy).
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Emerson (EMR) Inks Deal with StepChange Global, Stock Up
Emerson Electric Co. (EMR - Free Report) recently joined forces with StepChange Global with an aim to enhance production efficiency for oil and gas producers. The companies have combined their consulting capabilities and technologies to boost production and lower operational costs of energy producers by creating, applying and evolving best practices with Digital Oilfield and Integrated Operations (‘iOps’).
The iOps solution is expected to assist users in improving margins through better reach to real-time information and data, new forms of technology and implementation of the same into a collaborative organization. The major players from the oil and gas space view iOps as a tool to help them transform and optimize commercial performance and also make the most profitable decisions in the future.
The energy industry has been struggling with problems like weak commodity prices, stricter regulations for production, and Health, Safety & Environmental (HSE) as well as shortage of skills. Hence, performance optimization has become indispensible for energy companies. The deal will StepChange Global is expected to be a game changer in this regard.
Impact of the Deal
Emerson Electric is a diversified global manufacturing and technology company. It offers a wide range of products and services in areas like process management, climate technologies, network power, storage solutions, professional tools, appliance solutions, motor technologies, and industrial automation.
Share price of Emerson Electric as of Jul 7, 2016 was $52.37 per share, up 1.4% since the announcement of the new deal with StepChange Global. Let’s see if positive investors’ sentiment further benefits the stock in the near term!
EMERSON ELEC CO Price
EMERSON ELEC CO Price | EMERSON ELEC CO Quote
Stocks to Consider
Emerson Electric presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include EnerSys (ENS - Free Report) , Schneider Electric SE (SBGSY - Free Report) and SPX FLOW, Inc. (FLOW - Free Report) . All the three companies currently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>