Coming up with yet another innovation for the oil and gas industry, Emerson Electric Company EMR launched a new SmartProcess oil and gas applications suite. This new offering will provide applications for control, monitor and optimization of crucial oil and gas operations.
Designed by Emerson’s industry veterans, the new application software suite will aid operators in enhancing production capabilities, minimizing operational errors, offering consistency between sites and curtailing lifecycle costs.
Briefing Technical Details
Armed with Emerson’s family of remote terminal units ('RTUs') and flow computers, the SmartProcess Oil and Gas Applications Suite will serve the production and transmission markets via two separate series – Production Manager and Transmission Manager.
The Production Manager Series, which comprises Oil, Gas, and Site-Wide applications, assists the operator in scaling up their operation or changing applications without changing the controllers. On the other hand, the Transmission Manager Series that contains Station Manager, Cause and Effect, and Gas Control Manager assures safety and integrity of the operators’ assets.
Bottom-Line
The abovementioned innovation is a strategic fit for Emerson, given its ongoing efforts to enhance oil and gas production management by its customers. In relation to this, last month, the company launched a new device for upstream and midstream oil and gas applications (read more: Emerson's New Transmitter to Enhance Oil Well Operations). Such advanced offerings are poised to augment Emerson’s earnings when the oil and gas market bounces back.
However, amid current volatility in the upstream oil and gas market, Emerson is witnessing sluggishness in order rates in power generating alternators. Although the impact of this on Emerson’s earnings is currently low, the company projects it to primarily weigh on the financials in the second half of fiscal 2015.
Emerson currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the same sector include Dycom Industries Inc. DY, ESCO Technologies Inc. ESE and A.O. Smith Corp. AOS. While Dycom and ESCO Technologies hold a Zacks Rank #1 (Strong Buy) each, A.O. Smith sports a Zacks Rank #2 (Buy).
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