StockIceMan's Weekly Stock Pick
Week of
August 20, 2007
| Stock: |
OMNI Energy Services
Corporation |
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| Ticker Symbol: |
OMNI - Nasdaq - Oil and Gas
Equipment and Services |
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| Buy: |
6.50 to 7.00 |
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| Sell: |
10.00 |
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Info: |
OMNI Energy Services Corp. provides integrated
oilfield services primarily to oil and gas
companies operating in the Gulf of Mexico. It
operates through four divisions: Seismic
Drilling, Environmental Services, Equipment
Leasing, and Other Services. The Seismic
Drilling division provides seismic drilling,
permitting, and survey services in the marsh,
swamps, shallow water, and contiguous dry areas
primarily in Louisiana and Texas. The
Environmental Services division provides
dock-side and offshore hazardous and
non-hazardous oilfield waste management and
environmental cleaning services, including
drilling rig, tank and vessel cleaning, safe
vessel entry, naturally occurring radioactive
material decontamination, platform abandonment
services, pipeline flushing, gas dehydration,
and hydro blasting. The Equipment Leasing
division provides various pieces of oilfield
equipment to offshore and land-based oil
production rigs and drilling contractors
operating primarily in Louisiana, Texas, and
Wyoming. Its rental equipment include pressure
washers, reverse osmosis machines, and steam
cleaners. This division also offers rental
equipment for various oilfield and commercial
applications, including water, mud, and disposal
pumps; mud, fuel, and frac tanks; air
compressors; wireline units; generators; high
pressure washers; light towers; tubing; and
handling tools. In addition it offers certain
land based environmental cleaning services. The
Other Services division provides various
services, including metal stress relieving and
wellhead installation services to offshore and
land-based oil production rigs and drilling
contractors operating primarily in Louisiana and
the Gulf of Mexico. The company was founded in
1987 and is headquartered in Carencro,
Louisiana. |
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| Financial Info: |
For the three months ended 3/31/2007, revenues
totaled $38.9 million, up from $18.5 million.
Net income from continuing operations applicable
to Common increased 52% to $3.2 million. |
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| Key Ratios: |
Current
Ratio: 1.037, Total
Debt/Equity Ratio: 1.439, Trailing P/E: 8.79x,
Forward P/E: 6.89x, Price/Sales: 0.90,
Price/Book:2.33 |
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| Share Info: |
There are 18.46
million shares outstanding with 16.35
million shares in the trading
float. Institutions own
approximately 29.70% of the shares outstanding.
There has been no insider purchase or sales in the last six months.
Real-Time SEC
Filings
As of 7/10/2007, there were 1.35 million shares short.
Net Institutional Selling: 675,086 shares prior to latest
quarter. |
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| Articles: |
OMNI ENERGY SERVICES CORP Financials |
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