Exxon Mobil (XOM), Emerson Electric Co. (EMR), Gulfmark Offshore (GLF), Hornbeck Offshore (HOS), Subsea 7 SA (SUBCY) and Cimarex Energy Co. (XEC) had ratings and price targets on them adjusted by analysts.
JPMorgan Chase & Co. upgraded Exxon Mobil (XOM) from an "Underweight" rating to a "Neutral" rating.
Nomura upgraded Emerson Electric Co. (EMR) from a "Neutral" rating to a "Buy" rating.
Morgan Stanley initiated coverage on Gulfmark Offshore (GLF). They placed an "Equal Weight" rating on the company.
Morgan Stanley initiated coverage on Hornbeck Offshore (HOS). They placed an "Equal Weight" rating on the company.
JPMorgan Chase & Co. upgraded Subsea 7 SA (SUBCY) from a "Neutral" rating to a "Overweight" rating.
Caris & Co. initiated coverage on Cimarex Energy Co. (XEC). They placed an "Average" rating on the company.
Showing posts with label Hornbeck. Show all posts
Showing posts with label Hornbeck. Show all posts
Thursday, March 22, 2012
Thursday, September 2, 2010
Hornbeck (NYSE:HOS) Up as Judge Rules Lawsuit Against Moratorium Can Go Forward
US District Court Judge Martin Fedlman rejected the attempt by the Obama administration to have a lawsuit dropped from Hornbeck Offshore Services Inc. (NYSE:HOS) and others, concerning the misguided oil moratorium.
The disingenuous second moratorium by the Obama administration was an attempt to circumvent after Judge Feldman blocked the implementation of the drilling ban.
Lawyers from the Justice Department attempted to persuade the judge that the lawsuit wasn't relevant any longer because of the second moratorium imposed by the Interior Department.
Feldman slapped that ridiculous notion down by saying the second moratorium was "substantially the same as the first." It was the exact same thing except being called the second moratorium.
Concerning the first moratorium, Feldman rightly noted the Obama administration hadn't taken into consideration the economic impact the moratorium would have on the Gulf Coast states.
The disingenuous second moratorium by the Obama administration was an attempt to circumvent after Judge Feldman blocked the implementation of the drilling ban.
Lawyers from the Justice Department attempted to persuade the judge that the lawsuit wasn't relevant any longer because of the second moratorium imposed by the Interior Department.
Feldman slapped that ridiculous notion down by saying the second moratorium was "substantially the same as the first." It was the exact same thing except being called the second moratorium.
Concerning the first moratorium, Feldman rightly noted the Obama administration hadn't taken into consideration the economic impact the moratorium would have on the Gulf Coast states.
Thursday, July 29, 2010
Hornbeck (NYSE:HOS) Surpasses Expectations, Earnings Skyrocket
Hornbeck Offshore Services Inc (NYSE:HOS) beat analysts' estimates, as the provider of marine transportation posted solid numbers for the quarter.
Earnings for the quarter came in at $13 million, or 48 cents a share, far surpassing the $199,000, or 1 cent a share, they generated in the same quarter last year.
For revenue and earnings, analysts had been looking for $94 million in revenue and 14 cents a share in earnings.
Revenue increased to $111.9 million, a 14 percent gain. Revenue from upstream operations was $100.5 million, rising 20 percent.
For the year, Hornbeck gave a guidance range of 81 cents a share to $1.73 a share for the full year. That beats the expected 76 cents analysts projected.
Hornbeck was the company that pressed hardest for the oil moratorium by Obama to be lifted, and temporarily had it stopped.
Earnings for the quarter came in at $13 million, or 48 cents a share, far surpassing the $199,000, or 1 cent a share, they generated in the same quarter last year.
For revenue and earnings, analysts had been looking for $94 million in revenue and 14 cents a share in earnings.
Revenue increased to $111.9 million, a 14 percent gain. Revenue from upstream operations was $100.5 million, rising 20 percent.
For the year, Hornbeck gave a guidance range of 81 cents a share to $1.73 a share for the full year. That beats the expected 76 cents analysts projected.
Hornbeck was the company that pressed hardest for the oil moratorium by Obama to be lifted, and temporarily had it stopped.
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