Drilling Increases with Demand Growth - Research Report on Baker Hughes, Weatherford International, Lufkin Industries, Helix Energy Solutions Group and Willbros Group

Tue Mar 12, 2013 8:02am EDT

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NEW YORK,  March 12, 2013  /PRNewswire/ --

Today, Investors Alliance announced new research reports highlighting Baker
Hughes Incorporated (NYSE:BHI), Weatherford International Ltd (NYSE:WFT), Lufkin
Industries, Inc. (NASDAQ:LUFK), Helix Energy Solutions Group Inc. (NYSE:HLX) and
Willbros Group Inc (NYSE:WG). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Baker Hughes Incorporated Research Report

Baker Hughes announced that its international rig count for February this year
is up 71 rigs at 1,275 from 1,204 year over year, though is down 4 rigs
sequentially from 1,279 counted the previous month. For offshore rigs, the
international count is up 3 rigs at 323 compared to the same month last year,
and is up 16 rigs sequentially from the 307 recorded last month. Meanwhile, the
drilling services company announced last month that it will retain its process
and pipeline services business, and will be reclassified within its Industrial
Services segment. The stock rose  72 cents  or 1.6 percent to  $45.96  with 1.4
million shares exchanging hands, with The Street reiterating its "hold" rating
due to good cash flow and debt management, which counters its underperformance
in net income growth. The Full Research Report on Baker Hughes Incorporated -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/5ce9_BHI]

--

Weatherford International Ltd Research Report

Weatherford International saw its earnings per share for Q4 2012 dip to just  1
cent  or net income of  $8 million  due to weakness in North American earnings
as well as close to  $130 million  worth of a combination of professional fees
for accounting, legacy lump sum contracts, and severance, exit and other
charges. However, the company posted a record high in quarterly revenue of 
$4.05 billion  in addition to  $207 million  in positive cash flow from
operations. In comparison Zacks estimates were earnings of  18 cents  per share
and revenue of  $3.9 billion. Meanwhile, the company expects a neutral full year
2013 outlook for its North American business and expects moderate growth in
revenue and operating income. Weatherford also sees growth and expanded margins
in its  Latin America  region, supported by improvements in  Argentina  and 
Mexico. The Full Research Report on Weatherford International Ltd - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/d76c_WFT]

--

Lufkin Industries, Inc. Research Report

Lufkin posted revenue and earnings per share growth in Q4 2012 with both beating
expectations due to high demand for artificial lift products as well as ongoing
operational improvements at its US manufacturing facilities. Revenue came in at 
$355.7 million, up 27 percent from  $279.3 million  the same quarter the
previous year, while earnings per share is at  75 cents  per share, up 12
percent from  67 cents  per share year over year. Without adjustments, earnings
per share is at  84 cents. In comparison, analysts polled by S&P Capital IQ
wanted to see revenue of  $345.9 million  and unadjusted earnings of  84 cents 
per share. For Q1 2013, the company expects revenue in the range of  $295
million to $305 million  and net earnings in the range of  40 cents to 50 cents 
per share. The Full Research Report on Lufkin Industries, Inc. - including full
detailed breakdown, analyst ratings and price targets - is available to download
free of charge at:
[http://www.investors-alliance.com/r/full_research_report/bbe1_LUFK]

--

Helix Energy Solutions Group Inc. Research Report

Helix Energy Solutions announced the resignation of Chief Accounting Officer 
Lloyd Hajdik  effective at  March 1  and will leave the company at the end of
April, and has been replaced by Corporate Controller  Marty Hall  effective 
March 1  this year. Meanwhile, Director of Corporate Accounting  Erik Staffeldt 
has been appointed to the position of Director of Finance and will oversee the
Company's finance and treasury functions. In other news, Helix posted
lower-than-expected revenue and earnings per share due to the divestiture of its
oil and gas business and the pending sale of its pipelay vessels, posting
revenue of  $201.7 million  and unadjusted earnings per share of  23 cents,
compared to the estimated  $344.5 million  in revenue and  33 cents  in earnings
per share. Management says it is positioned to advance its Well Intervention and
Robotics businesses with their actions, and expects a positive 2013 outlook of 
$969.4 million  in revenue and earnings per share of  $1.33. The Full Research
Helix Energy Solutions Group Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/1e24_HLX]

--

Willbros Group Inc Research Report

Willbros Group recently reported its Q4 2012 results, beating expectations on
revenues and earnings per share as the company undergoes a turnaround effort to
revive its strategic yet underperforming segments. The company recorded revenue
of  $573.1 million, 58 percent higher than the prior-year quarter's  $361.7
million, and earnings per share of  9 cents, up from a loss of  41 cents  per
share year over year. To compare, analysts polled by S&P Capital IQ wanted to
see revenue of  $485.7 million  and earnings of  6 cents  per share. This year,
Willbros intends to further reduce our debt to strengthen the balance sheet, as
well as take actions to improve operating margins or exit businesses not meeting
its objectives. The company expects revenue of  $447.1 million  and earnings per
share of  1 cent  for the current quarter. The Full Research Report on Willbros
Group Inc - including full detailed breakdown, analyst ratings and price targets
- is available to download free of charge at:
[http://www.investors-alliance.com/r/full_research_report/4ada_WG]

--

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SOURCE  Investors-Alliance

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