Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard covers Brigham Exploration Company BEXP, Tidewater Inc. TDW, Atwood Oceanics, Inc. ATW, and Hercules Offshore, Inc. HERO.
In the research report, Pritchard Capital says that Brigham Exploration announced 4 Bakken wells with solid results.
Tidewater announced a $425MM debt private placement, which could slightly rein in FY 2011/12 EPS estimates.
Pritchard met with Atwood Oceanics management, and is reaffirming its BUY rating on the company.
The Hercules Offshore investor call was relatively positive, as the company said demand exists in Gulf Of Mexico, and it's waiting for the BOEMRE to increase permits. The company said liftboats are still running >90% in GOM, and that international should ramp. The company was also upbeat on international contract opportunities.
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Posted In: Analyst ColorEarningsNewsOfferingsAnalyst RatingsEnergyOil & Gas DrillingOil & Gas Equipment & ServicesOil & Gas Exploration & ProductionPritchard Capital
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