Direction of Market Influences: Comprehensive Research on Post Holdings, Linn Energy, Magellan Petroleum, Marine Petroleum Trust and Martin Midstream
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 8, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Post Holdings (NYSE: POST), Linn Energy (NASDAQ: LINE), Magellan Petroleum (NASDAQ: MPET), Marine Petroleum Trust (NASDAQ: MARPS), and Martin Midstream (NASDAQ: MMLP). 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):
POST Research Report: ( http://get.analystsreview.com/pdf/?c=Post%20Holdings&d=08-Jan-2015&s=POST ),
LINE Research Report: ( http://get.analystsreview.com/pdf/?c=Linn%20Energy&d=08-Jan-2015&s=LINE ),
MPET Research Report: ( http://get.analystsreview.com/pdf/?c=Magellan%20Petroleum&d=08-Jan-2015&s=MPET ),
MARPS Research Report: ( http://get.analystsreview.com/pdf/?c=Marine%20Petroleum%20Trust&d=08-Jan-2015&s=MARPS ),
MMLP Research Report: ( http://get.analystsreview.com/pdf/?c=Martin%20Midstream&d=08-Jan-2015&s=MMLP ).
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Analyst Update: Quarterly Results, Sale of Assets, Issuance of Shares, and Update on Credit Rating
Reviewed by: Rohit Tuli, CFA®
The Wall Street finally witnessed a rebound on Wednesday, January 7, as slight recovery in the oil prices coupled with latest data on the U.S. economy boosted sentiments in equities. The latest FOMC meeting minutes, which signaled that the U.S. central bank may refrain from raising interest rates until at least end of April, also helped U.S. stocks rally the most in three weeks on Wednesday. Snapping the five-day long losing streak, the S&P 500 index marked its first gain in 2015 and ended the session higher by 1.16% at 2,025.90. Similarly, the Dow Jones Industrial Average rose 1.23% to finish at 17,584.52, and the NASDAQ Composite ended higher by 1.26% at 4,650.47. A recent report on the health of the U.S. economy said that companies in the U.S. added 241,000 workers in December, the highest since June. European markets also had a sigh of relief on Wednesday after a drop in euro area consumer prices in December lifted hopes that ECB will launch further stimulus soon. Most Asian markets also ended higher on Wednesday tracking strong global cues.
Post Holdings, Inc. (Post Holdings) noted strong top-line results for its fiscal fourth quarter and fiscal year 2014 driven by series of acquisition undertaken by the Company during the year. Fourth quarter (period ended September 30, 2014) net sales were $1.0 billion, an increase of 257.6% YoY while for FY 2014, net sales noted 133.2% YoY increase to $2.4 billion.
Linn Energy, LLC (Linn Energy) has completed the previously announced sale of its entire position in the Granite Wash and Cleveland plays, located in the Texas Panhandle and Western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC for a contract price of $1.95 billion.
Magellan Petroleum Corporation (Magellan Petroleum) can raise up to $10 million through the issuance of new shares into the market under the employment of its 'at-the-market' (ATM) facility.
Marine Petroleum Trust reported trust corpus of $1.08 million as of September 30, 2014, compared to $1.11 million as on September 30, 2013. Royalty income during the quarter from the sale of oil and sale of natural gas represented 74% and 26% of trust's total royalty income, respectively as compared to 87% and 13% during the three months ended September 30, 2013.
Standard and Poor's (S&P) Rating Services has affirmed Martin Midstream Partners L.P.'s (Martin Midstream or the Partnership) Corporate Credit rating of (B+) and senior unsecured debt rating of (B-). Additionally, the S&P has also removed the partnership from CreditWatch and placed the ratings on negative outlook.
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About Analysts Review
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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.
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.
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SOURCE Analysts Review
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