The energy industry services company reported first-quarter earnings on April 18 of $627 million, or 68 cents a share, up from year-earlier earnings of $511 million, or 56 cents a share.
"Although first quarter EPS was better than expected ($0.89 versus our $0.84 estimate), the falloff in pressure pumping earnings will be sharper than we had estimated over the year, and 2013 will start from a lower base," Dahlman Rose analysts wrote in an April 23 report. "We are trimming our 2012 EPS estimate to $3.55 from $3.75 and cutting 2013 to $4.25 from $4.85. At current valuations, we believe the stock is reflecting likely EPS at below $3 per share. We maintain our $57 per share price target and our Buy recommendation."
Forward Annual Dividend Yield: 1.1%
The merchandise marketing company reported on May 2 first-quarter earnings of $26.2 million, or 44 cents a share, up from year-earlier earnings of $20.3 million, or 34 cents a share.