March 19, 2013 at 08:00 AM EDT
Upgrades, Deals Forge Growth - Research Report on CARBO Ceramics, Basic Energy Services, GulfMark Offshore, Precision Drilling and Forum Energy Technologies

NEW YORK, March 19, 2013 /PRNewswire/ --

Today, Wall Street Source announced new research reports highlighting CARBO Ceramics Inc. (NYSE:CRR), Basic Energy Services, Inc (NYSE:BAS), GulfMark Offshore, Inc. (NYSE:GLF), Precision Drilling Corp (NYSE:PDS) and Forum Energy Technologies Inc (NYSE:FET). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

CARBO Ceramics Inc. Research Report

CARBO Ceramics posted better-than-expected financial results for Q4 2012 despite low natural gas drilling activity and an oversupply from Chinese competitors, driven by its generous proppant sales numbers. The company reported net income of $19.8 million or 86 cents per share (89 cents when unadjusted, down 40 percent from $1.43 posted the same quarter in 2011, and revenue of $153.6 million, down 2.8 percent from $158.1 million year over year. In comparison, analysts expected revenue of $145.9 million and unadjusted earnings of 89 cents. For this year, management expects industry activity to be similar to that in 2012, with high liquids-rich drilling activity to offset low natural gas drilling activity. 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.wallstsource.com/r/full_research_report/3f82_CRR]

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Basic Energy Services, Inc Research Report

Basic Energy Services released its Selected Operating Data for last month, reporting a 71 percent utilization rate compared to 67 percent in January, and a rig count of 425, unchanged month-over-month. In addition, it posted a slight drop in fluid service truck count at 962, paired with another decline in fluid service truck hours of 177,600, compared to 186,500 in January. Meanwhile, the company acquired close to all of the operating assets of Atlas Equipment and Petroleum Water Solutions, for $13 million in cash plus $9 million in conditional earn-out considerations, and $3.3 million plus an additional $3.3 million potentially in similar considerations, respectively. The Full Research Report on Basic Energy Services, Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/ee16_BAS]

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GulfMark Offshore, Inc. Research Report

Gulfmark Offshore announced its Q4 and full year 2012 financial results, with revenue of $95 million, down 7 percent from $6.8 million sequentially, and a net loss of $4.9 million or 19 cents per diluted share. Management says the company took some steps to upgrade the competitiveness of its global operations, particularly in the U.S. Gulf of Mexico and the North Sea. Gulfmark upgraded its fleet from smaller vessels into larger, higher margin vessels through the reallocation of capital in the regions, paired with an 11 vessel new-build program. The company expects to have a strong 2013 with  11 vessels under construction, eight of which will be delivered during the year, and another three vessels undergoing stretch transformation. The Full Research Report on GulfMark Offshore, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/91f1_GLF]

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Precision Drilling Corp Research Report

Precision Drilling reported its Q4 2012 results last month, posting better than expected revenue and earnings per share despite both being lower than the numbers they posted year over year. The company raked in revenue of $535.7 million, down 7.3 percent from the prior-year quarter's $577.8 million, and a loss of $116 million or $0.42 per share, compared to net earnings of $28 million year over year. In comparison, analysts polled by S&P Capital IQ wanted to see revenue of $500.7 million and unadjusted earnings of 18 cents per share. For 2013, the company expects strong levels of market activity until spring break‐up and expects to benefit from the fleet enhancements made throughout 2012. In addition, Precision has term contracts for 52 rigs in Canada, 36 rigs in the United States, and eight internationally. The Full Research Precision Drilling Corp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/3731_PDS]

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Forum Energy Technologies Inc Research Report

Forum Energy won a deal with Helix Energy Solutions Group, involving its underwater Perry XT1500 trenching system and also two Perry XLX 200HP Remotely Operated Vehicle (ROV) systems for an undisclosed amount. After delivery, Helix's Canyon Offshore subsea robotics unit will be using the trenching system to bury oil and gas pipelines under the sea bed. The remotely operated robotic submarines, meanwhile will be used for equipment inspections, survey work, and deep-water construction. Both systems are scheduled for delivery in this year. Meanwhile, Forum reported Q4 2012 revenue of $330 million, compared to $337 million for the fourth quarter 2011, while net income for the quarter was $24 million, down from $32 million year over year. 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.wallstsource.com/r/full_research_report/82ef_FET]

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