Business News from the Basic Industries Sector: Complementary Research on SeaDrill, Freeport-McMoran, Peabody Energy, Transocean and Halliburton
NEW YORK, May 7, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including SeaDrill Ltd. (NYSE: SDRL), Freeport-McMoran Inc. (NYSE: FCX), Peabody Energy Corp. (NYSE: BTU), Transocean Limited (NYSE: RIG), and Halliburton company (NYSE: HAL). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SDRL Research Report: ( http://get.analystsreview.com/pdf/?c=SeaDrill&d=07-May-2015&s=SDRL ),
FCX Research Report: ( http://get.analystsreview.com/pdf/?c=Freeport-McMoran&d=07-May-2015&s=FCX ),
BTU Research Report: ( http://get.analystsreview.com/pdf/?c=Peabody%20Energy&d=07-May-2015&s=BTU ),
RIG Research Report: ( http://get.analystsreview.com/pdf/?c=Transocean&d=07-May-2015&s=RIG ),
HAL Research Report: ( http://get.analystsreview.com/pdf/?c=Halliburton&d=07-May-2015&s=HAL ).
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Analyst Update: Ratings, Appointments, Quarterly Distribution and Transactional Updates
U.S. stocks closed lower on Wednesday after Federal Reserve Chairwoman Janet Yellen warned investors over elevated valuations of U.S stocks and associated potential risks. The Dow Jones Industrial Average fell 0.48%, to close at 17,841.98, the S&P 500 fell 0.45%, to 2,080.15, and the NASDAQ Composite ended the session at 4,919.64, down 0.40%. Reflecting Janet Yellen's statement, European stocks saw only a modest gain on Wednesday. Germany's DAX 30 gained 0.20%, France's CAC 40 rose 0.15%, and the London's FTSE 100 closed only 0.09% higher on Wednesday. Meanwhile, Asian markets faltered again on Wednesday, depressed by weak earnings in Australia and disappointing U.S. economic data. The Shanghai Composite, Australia's S&P ASX and South Korea's KOSPI all closed lower on Wednesday.
Mike Urban, Deutsche Bank analyst has reiterated a Hold rating on SeaDrill Ltd. with a $14 price target after hosting a meeting with the management of the Company.
Shares of Freeport-McMoran Inc. inched up by 1.6% at $23.66 to close the week with a gain of almost 14% on May 1, 2015. In a report dated May 04, 2015, CNBC attributed the rise in the stock of Freeport to the price rise seen in copper in the past week.
On May 4, 2015, Peabody Energy Corporation announced election of Glenn Kellow to the role of President and Chief Executive Officer. According to the announcement, Kellow had joined Peabody as President and Chief Operating Officer in September 2013, and was named CEO-Elect and was added to the Board of Directors in January 2015. In his new role, he is succeeding Gregory H. Boyce, who will remain with the Company as Executive Chairman.
Bloomberg reported that on May 4, 2015, Transocean Partners LLC, a subsidiary of Transocean Ltd., announced that its Board of Directors have declared the minimum quarterly distribution for the quarter ended March 31, 2015. According to Bloomberg report, the distribution is of $0.3625 per unit, or approximately $25 million based upon the number of currently outstanding units.
In a report dated April 24, 2015, Bloomberg reported that some of the biggest industrial companies in the world are weighing offers for oilfield-services assets worth $5 billion to $10 billion that Halliburton Co. is preparing to sell. According to the report, Halliburton and Baker Hughes Inc. are selling up to four overlapping business lines to win regulatory approval for their $34.6 billion deal.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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