Acquisitions, Dividend Updates, and Quarterly Earnings Results - Analyst Notes on Genesee & Wyoming, Golar, Teekay, DryShips and Knightsbridge
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 6, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Genesee & Wyoming Inc. (NYSE: GWR), Golar LNG (NASDAQ: GLNG), Teekay Corporation (NYSE: TK), DryShips Inc. (NASDAQ: DRYS) and Knightsbridge Tankers Limited (NASDAQ: VLCCF). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3421-100free.
--
Genesee & Wyoming Inc. Analyst Notes
On May 30, 2014, Rapid City, Pierre & Eastern Railroad, Inc. (RCP&E), the newly established subsidiary of Genesee & Wyoming (G&W), completed the acquisition of the west end of the Dakota, Minnesota & Eastern (DM&E) rail line from Canadian Pacific for approximately $210 million plus approximately $7.5 million for the purchase of certain inventory, equipment and vehicles. Commenting on the acquisition, Brad Ovitt, RCP&E President said, "We have the right people, locomotives, equipment and track infrastructure in place to provide the customer-focused service for which short line railroads are known." Ovitt added, "Teams are positioned along the route to assist with the challenges of starting a brand new operation on Sunday. The RCP&E will be locally managed and operated, which enables decisions to be made closest to the customer and empowers our people to resolve issues with the goal of operating safely and exceeding customer expectations." The new railroad has 177 employees, most of whom were hired from the DM&E operations. However, the Company expects to hire additional employees. The full analyst notes on Genesee & Wyoming are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/GWR/report.pdf
--
Golar LNG Analyst Notes
On May 28, 2014, with reference to the Q1 2014 results released by Golar LNG (Golar) on the same day, the Company informed that it will be trading ex-dividend of a total dividend of $0.45 per share on June 4, 2014. The Company stated that the dividend will be payable on or about June 27, 2014, with record date of June 6, 2014. The full analyst notes on Golar are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/GLNG/report.pdf
--
Teekay Corporation Analyst Notes
Teekay Corporation posted on its Events page that it has scheduled to release its Q2 2014 earnings results on August 7, 2014. Additional information regarding the Q2 2014 earnings release will be posted on the Company's website. The full analyst notes on Teekay are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/TK/report.pdf
--
DryShips Inc. Analyst Notes
On May 22, 2014, DryShips Inc. (DryShips) released its Q1 2014 financial results with revenues up 43.1% YoY to $457.5 million. DryShips reported a net loss attributable to Dryships of $34.6 million or $0.08 per diluted share, compared with a net loss of $116.6 million or $0.30 per diluted share in Q1 2013. The Company's adjusted EBITDA for the quarter increased 79.7% YoY to $201.2 million. "In the coming months, we expect to conclude various financial initiatives to fund the maturity of our convertible notes which we expect to take place in December of this year," said George Economou, Chairman and CEO. "Turning to the offshore side, Ocean Rig continues to execute on its business plan. Ocean Rig's modern fleet, strong balance sheet and solid contract backlog of $5.0 billion, provides it with the foundation to implement its previously announced value creation initiatives as evidenced by the recent dividend announcement which has a direct benefit on Dryships." The full analyst notes on DryShips are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/DRYS/report.pdf
--
Knightsbridge Tankers Limited Analyst Notes
On June 3, 2014, Knightsbridge Tankers Limited's (Knightsbridge) stock registered a 4.64% gain to close trading at $14.65 per share. Over the previous five-day trading period, Knightsbridge's stock increased 2.66%, compared to the Nasdaq Composite which declined 0.07% during the same time period. The full analyst notes on Knightsbridge are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/VLCCF/report.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsReview.com
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article