Market Overview

Jeffries Previews Oil & Gas Sector


Analysts at Jeffries & Co. see near-term positives for the oil and gas services, namely GulfMark Offshore (GLF) and Hornbeck Offshore (HOS).

As for GLF, Jeffries states that second quarter results will likely be in-line with the possibility of a slight beat.

Analysts believe that "HOS has a "good chance of beating our 2Q estimates of $0.08 and FC of $0.12 given HOS' involvement in oil spill and relief efforts."

Both HOS and GLF report prior to the opening bell on July 29, 2010.

Posted-In: Analyst Ratings


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