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Emerson Unveils Roxar API, Boosts Reservoir Modeling Skills

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Emerson Electric Co. 's EMR business arm, Emerson Automation Solutions launched the Roxar API ('Application Programming Interface'), an extensibility solution used for reservoir modelling, especially for the industry renowned software, Roxar RMS. The move reflects Emerson's commitment toward innovation-based growth strategy.

Emerson's stock is currently performing better than most of its peers. Post fourth-quarter fiscal 2016 earnings release (Nov 1, 2016), shares of the Zacks Rank #3 (Hold) stock recorded a return of 10.41% - outperforming the 8.34% return provided by the Zacks categorized Machinery-Electrical industry.

Inside the Headlines

Emerson Automation Solutions' recently introduced interface - Roxar API - would empower operators to customize workflows, in order to attain specific goals, enhance data management capabilities, with increased flexibility as well as interoperability. It would also help in preserving important reservoir data, across multiple-stage workflows. This interface would also help users to visualize and analyze their models in more innovative ways, which support improved reservoir understanding and recovery. Using a powerful programming language - Python - the Roxar API would aid operators in assimilating their personal Intellectual Property into reservoir modelling workflows.

Till date, reservoir modeling has lacked interoperability and flexibility. Important data often went unnoticed, if it did not comfortably adjust within the existing workflow. However, Roxar API would open up advanced possibilities for subsurface workflows. These options would assist users in building innovative reservoir engineering, oilfield technology geoscience, add company-specific goals to generic workflows and reveal new creativity to interpret reservoir models.

Notably, the interface is complementary to Roxar RMS shared earth model - a singular framework viewed by all disciplines - used in an open environment to boost capabilities of the existing software or used within the RMS environment for building non-imitable solutions.

Why to Hold?

Emerson is poised to grow on the back of bold restructuring moves, acquisitions and greater innovation. However, weakness prevailing within the oil & gas markets, stiff industry rivalry and increasing restructuring expenses remain major causes of worry.

Stocks to Consider

Better-ranked stocks in the same space are ACCO Brands Corporation ACCO , Applied Industrial Technologies, Inc. AIT and Alarm.Com Holdings, Inc. ALRM .

ACCO Brands Corporation posted an average positive earnings surprise of 23.93%, over the four trailing quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Applied Industrial Technologies currently carries a Zacks Rank #2 (Buy). It posted an average positive earnings surprise of 4.93%, over the last four quarters.

Alarm.Com Holdings also carries a Zacks Rank #2. The company delivered an average positive earnings surprise of 165.56%, over the trailing four quarters.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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