Replies to post #375 on Oil Plays (fka Oil-Gas)

[Golden Cross]

Omni Energy Sees 2Q Sales Beating Street
Friday June 2, 2:38 pm ET
Omni Energy Services Expects 2Q Sales Above Wall Street Estimates, Shares Hit Year High


CARENCRO, La. (AP) -- Omni Energy Services Corp. said Friday it expects second-quarter sales to beat Wall Street estimates and grow by as much as 50 percent sequentially.
The company's shares jumped $1.45, or 21 percent, to $8.50 in afternoon trading on the Nasdaq. The company earlier set a fresh 52-week high of $8.73, above its prior high of $7.10.

Omni, which provides oilfield seismic drilling and other services to geophysical companies, had first-quarter sales of $18.5 million.

Two analysts polled by Thomson Financial are looking for sales of $25.8 million, on average, which would be a 39 percent sequential increase.

Omni also said it expects the demand for its seismic drilling services to stay strong through the rest of 2006 and into next year.