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.
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